In the coming months we're going to be switching house banks and along with it trying to switch from mostly checks as our payment to ACH.
- I'm curious, has anyone done a house bank conversion? Any tips/tricks for the cutover of the accounts and checkbook creation, form deployment, and implementation by company code?
- Who is using ACH? What method do you use to communicate the payment media to the bank? Have you modified/customized the payment media?
- With ACH/electronic payments, how do you account for vendors that pull funds from your bank account as opposed to you pushing a payment file to the bank and them pushing money to the vendors? How do you handle the clearing?
Hope someone has some experience in the S/4HC community transitioning to a new house bank...