| Has Fraud Affected Your Business? |
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Within the past month, two of our clients have been affected by fraud. Cheques have been issued, somehow intercepted, and then cashed by a different payee for a different amount. In one case, our client, a charity, was contacted by their bank when the amount seemed abnormal -- the cheque printed on a laser printer for $649 was presented for payment by a different payee and different address for $69,700. This problem is real. What have you done to safeguard against this problem?
We have 3 distinct solutions to help you gain efficiencies in your bank reconciliation and vendor payment processes.
Cheque Clearing -- a utility that gives you the ability to download a list of cleared cheques from the bank and import this into Sage MAS 90. Any differences between the bank file and the data in the Bank Rec module are highlighted as differences. This is a great utility to make the cheque clearing process more streamlined. Click here to see details about this solution. Although this solution will not guard against fraud, it will certainly identify differences in cheque amounts very quickly.
Positive Pay -- a service that gives you the ability to send a list of cheques issued to your bank so that fraud can be virtually eliminated. If a cheque is presented for payment that does not match the details sent to your bank, the payment is rejected. This service is called Positive Pay and is available from most major financial institutions. As a result of their fraud experiences, we have several clients with a Positive Pay solution in place -- don't be a victim of fraud. Click here to request information on Positive Pay.
Electronic Funds Transfer (EFT) -- a solution that gives you the ability to send payments to your supplier by EFT. This is a very cost effective solution. Details of the EFT payments made are emailed to your supplier through Business Alerts. Click here to see details about this solution.
Click here for additional information on any of these solutions. |
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Share Your Success |
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One of the most common areas of feedback about our newsletters is that you like to read about how others are leveraging Sage MAS 90 / 200 to address unique challenges in their business. Perhaps it's a solution from Sage Software Extended Solutions or the development of a VBScript to help manage commissions, others want to hear about your success.
Whether it's just an idea or something that you've actually implemented, we'd like to hear from you. We're giving away gift cards to the first five respondents who share their success stories -- we'll be highlighting these in a future issue of Keeping in Touch.
Click here to share your success story. |
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Additional Resources (Some Free!) |
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Clients on a current maintenance plan with Sage have access to a variety of online resources.
Sage University ( www.sageu.com) has a series of training courses to help you get more from your Sage MAS 90 / 200 investment. Courses in Business Insights Explorer and Troubleshooting Paperless Office Issues are available for less than $100 each.
Sage Software Online is an excellent 'go to source' for common questions and error messages. If you don't already have an online account, simply click on the Authorized Contact form on that linked page.
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