As part of the continuous innovation and development process of PaperLess Software, customers who currently do not use Sage bank feeds and have to manually post payments received on their banks into Sage, can fully automate this process with PaperLess Software.
No more time needs to be spent on having to go through your bank statement to manually post the transactions into Sage and allocate them to the corresponding Sales Invoices. With PaperLess Company Inbox that can now be done in a fully automatic manner by having PaperLess automatically processing the email notification received when an incoming payment is processed by your bank.
Yes, that is right… Get all payments received on your bank automatically processed and posted on to Sage with PaperLess Software.
How does this new feature of PaperLess Software work?
It is a quite simple and straightforward process… All you need to do is to make sure that the email notifications of payments received are sent to your Company Inbox email address. Whenever such notifications are received, PaperLess Company Inbox will automatically capture the data and allocate the payment to the corresponding Sales Invoice.
Once payment is allocated, PaperLess Company Inbox will notify you via email so that you have real time information on the payments being automatically processed by the system.
In case there are any discrepancies, the document will be left in the Add Documents area of PaperLess so that your Accounts Team can analyse any discrepancies.
As with all transactions processed via PaperLess you will have the email notification automatically attached to the corresponding payment so that it can be easily retrieved via a live lookup directly from within Sage.
Contact us now to learn more about this new feature of PaperLess Software.
What banks does PaperLess Automatic Processing of Incoming Payments supports?
As a brand-new feature of PaperLess Software only a limited number of banks are currently supported. However, as long as you receive email notifications from your bank when payments are received our development team can easily check if the notification email has the required information to automatically process those transactions.
Will this new feature of PaperLess Software have any additional costs for my company?
If you are already using PaperLess Company Inbox then no, this new feature will be totally free of charge. If you are not yet using PaperLess Company Inbox, then you would need to purchase this module so that this feature could also be available to you.
In case you would like to know more about PaperLess Company Inbox, simply take a look at the video below.
