A payment file is generated by the clients accounting or payroll software and imported into the PayAccSys AutoPost front-end software. The system runs a validation on the account numbers and branch codes whilst looking for duplicate transactions within the same batch.
The information once verified and authorised by the client, is uploaded via a secure method to PayAccSys for distribution into the beneficiary bank accounts. PayAccSys AutoPost is easy to install, provides client with a complete database on the payment history of all transactions, a full security audit trail and the facility to import or export data in an electronic format.
The system provides the client with an audit trail of the transactions plus an invoice for the services fees and details of the funding account into which the funding deposit must be made.