Shireburn introduces Electronic Payments into its Accounting Solution

This facility, available in the new SFM SEPA module, increases productivity by removing the need to prepare and sign cheques, reduces costs while also enhancing controls and auditability. The move away from cheque payments towards electronic payments ensures a faster, cheaper and more secure, fully audited and authorised payment process.

The SFM SEPA module allows businesses to manage electronic SEPA payments more efficiently, directly from within SFM. Payments to suppliers are posted as usual and authorised users are able to export a SEPA file, ready for upload on their bank’s on-line payments portal for authorisation by a signatory.  Remittance advices are also able to be printed or sent to suppliers via email to notify them of the payment.

“Shireburn’s SEPA Module is yet another example of how Shireburn responds to evolving business needs and market requirements,” said Franco Galea, Operations Director at Shireburn Software. “Thousands of companies that depend on Shireburn’s accounting system will now be able to further boost their productivity, reduce costs and controls.” 

The Shireburn SEPA module supports payments through Bank of Valletta, HSBC Bank Malta, Banif Bank, Lombard Bank Malta and APS. The SFM SEPA module was unveiled among some 200 of Malta’s top accounting professionals at the Malta Institute for Accountants (MIA) Conference held on the 6th and 7th November.

For more information about the Shireburn Financial Manager SEPA Module or other business solutions, companies may contact Shireburn on +356 2131 9977, [email protected] or visit shireburn.com/sepa.