● Decrease risk of check fraud
● Saves time and money
● Fully integrated with Financial Edge™
Omatic Software's PosPay solution is the only Positive Pay application directly integrated with Financial Edge. Functioning inside Financial Edge and accessible directly from the bank record, PosPay will create "Positive Pay" data files in the format required by your bank. We will also implement any bank's format at no additional charge.
How does it work?
PosPay operates inside Financial Edge directly on the Accounts Payable bank record form. To create files for a bank's Positive Pay/ARP system, users can now activate PosPay by navigating to Banks within Accounts Payable, clicking the "Open" menu option on the appropriate bank, then selecting the "Create Positive Pay Files" option from the bank's menu bar. PosPay remembers the last check number processed and automatically starts with the next check. There is no need to set up export files, run complicated queries, or manually massage your data, PosPay gets just the data wanted and distills it into the format the bank requires. PosPay works with manual, computer, and payroll checks. Unlike a query or export, PosPay can also scan previous check runs to see if any previously processed checks have subsequently been voided and include that updated check status with the current check run.