how does eBANK work?

eBANK is a client/server solution, integrating fully with the financial module of Microsoft Dynamics GP to allow for seamless electronic funds transfer (EFT) processing.

After entering payment details into Dynamics GP, eBANK will perform validation checks on the bank account details, including validation of BIC and IBANs, returning a successful or unsuccessful message accordingly. This point of entry validation greatly reduces costly and time-consuming errors further down the submissions process.

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For domestic payments and collections within any country where originating accounts are held, eBANK utilises ‘bank definitions’ to format the data file, ready for onward submission through the clearing or banking system operating in the country (e.g. Bacs or the bank in the UK). Having specified the country within which you are performing the transaction and the chosen bank definition (such as Lloyds TSB in the UK), eBANK will format the data file according to the specific banks requirements. This text file can then be imported by your EFT solution and submitted to the chosen bank.

In order to carry out cross-border payments, the Foreign Payments Module can be added, allowing the preparation of data files ready for submission across 17 different European countries using your chosen bank.

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