Ryan Muller
New House Bank and ACH Payments
Ryan Muller · 4 months ago · Discussion
Ryan Muller
New House Bank and ACH Payments

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...

Thanks!

Ryan

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