The ability to reimburse your employees on a timely basis is important to supporting your business. The MoneyPennyEFT software products help you disburse funds directly to your employees.
The system supports the ability to create weekly, monthly, quarterly and yearly payments from your customers. The software creates electronic payment contracts so that your customers can maintain their monthly payments without having to write cheques. This also saves your employees time as well from making trips to the bank to make deposits.
Benefits Summary
- Import dollar amounts from Excel
- Improve your cash flow with recurring payments from your customers
- Cash flow forecasting reports
- Easily store your payments in different groups for better organization
- Create payment contracts with start and end dates
- Payment Exception management when members miss payments (ie. NSF, account closed)
- Detailed Payment Reports
- User security and audit functions
Example: Sceen shot of the Payment Import process for Travel & Expense Folder. Amounts were calculated in Microsoft Excel (comma separated file or CSV) and imported.

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