Benefits of SwiftWire
ü Takes the headache out of keeping track of monthly pay agreements by establishing procedures that provide a framework to control the process.
ü Allows standard SW21 monthly pay agreement data to be used for processing payments.
ü Monthly charges are an output of the SW21 Agreement periodic billings.
ü Eliminates ‘double (and even triple) entry’ of the monthly payments saving time and labor cost.
ü Accounting for agreement charges are synchronized with deposits and actual charges to the customer’s bank account or credit card.
ü Provides a system to ‘control’ and manage the process.
ü Keeps track of the transactions that you have sent for payment processing providing an audit trail.
ü Separates payments from various sources (VISA, AmEx, Discover, ACH, etc.) into different deposits making it easier to reconcile your bank statement.
ü Provides forms to manually control changes in payment method, additions, and terminations.
ü Generates a reconciliation report that tracks the changes in monthly pay agreements in SW21 Agreement data from one month to the next.
ü Makes processed data available for import into spreadsheet programs.
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