Accounting software developer Open Systems has released OSAS Banking for companies that need to do electronic banking.
The software provides automated clearing house delivery of payments, allowing companies to transmit electronic payments of vendors through their banks. A fraud control and loss prevention method, positive pay, lets OSAS users build a file that can be transmitted to their banks for the authorization of check payments.
A reconciliation import feature enables the use of files downloaded from a bank to automatically clear transactions that have been processed by the bank. Direct debits in accounts receivable and sales orders allow users to establish recurring payments and take direct debit-type payments from customers.
OSAS Banking works with Version 7.52 of OSAS. In addition to the banking application, Open Systems has upgraded several of its other modules to work with Version 7.52. Those include Contractors' Job Cost for the construction industry, which provides a number of new improvements. Enhanced Payroll Tax Reporting for printing or electronically filing state and federal reports; Info-Alert for automated alerts; and OSAS Web B2B, an Internet interface to OSAS data, have also been upgraded to integrate with OSAS 7.52 but do not contain additional features.
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