Iceland Bank Collection System
In conjunction with Gunnar Óskarsson and Ávinningur, PDI Spirit developed the Bank Collection system to match the requirements of the Icelandic banking collection system.
Of course, the application links with Sage 50cloud Accounting and includes the features required to build the payment instructions and collection requests for the Icelandic banks.
The application allows for the validation of ID Numbers and correction of invalid numbers based on the algorithm of the banks. In addition, invalid ID numbers already submitted in claim files can be adjusted, even if the file has been created.
Retrieve unpaid transactions from Sage 50cloud Pastel Partner, open item file, select items to claim, and assign the claim numbers. Print claim documents, assign collection fees and reprint invoices and statements if required.
Generate the required claim file and transfer using your bank software.
As you can see, the application has Icelandic translations; the standard system will run in English but can be changed to run in Icelandic by selecting the language to use. The translation is external from the application’s text file, so specific user adjustments can be made as required.
Versions of the application also allow for printing invoice documents, statements, and Tax report information. In addition, payments can also be retrieved from a bank’s payment file and transferred to Sage 50cloud Accounting for posting via the cash-journal batch.
If you want more information on this product, please get in touch with the Icelandic distributor directly.
Basic system: Issue claims, print statements
Advanced system: Basic system, plus posting payments
Full system: Including Basic, Full versions, Tax Reports