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We are getting proposals from different banks.  They had the following questions that I was hoping could get answered quickly as they want to get a proposal to us. 

 

Can IFS do the following (and does it matter if its Apps9 or Apps10)?  We are in the midst of upgrading

 

•             Can IFS accept a ANSI 820 EDI or Lockbox BAI – This will help us better understand if IFS can ingest the industry standard files or what alternatives it needs for cash posting & reconciliation.

o             If no, what formats can it ingest?

•             Can IFS produce an ACH NACHA file, XML/ISO 20022 – Leverage industry standards to help migrate payments from paper to electronic with greater control and oversight.

o             If no, what formats can it produce?

•             Can IFS ingest a BAI or MT940 – Automate the reconciliation process with previous day data.

Search the community for the various format questions, you’ll find detailed entries like this:

 

You could also look at the Payment Formats per Company to see the list for the various countries.

 

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