MXP E-Banking If you are currently using the MXP Accounts Payable system to print paper cheques to send to your suppliers then this product may be for you. As the banks are pushing for more and more paperless transactions they are readily providing the facility to their customers (you) to transmit paperless (electronic) cheques to them for disbursement to your suppliers. The banks will normally charge less for these paperless transactions than they do for the handling of the regular cheques. It is a win-win situation for all, and now it is available to you, through our MXP E-Banking module. There is no minimum number of payments that have to be made for any transmission, so this product really is for any of our customers, from the very small to the very large.  Highlights Secure payments to vendors through MXP-AP Eliminate cheque handling and mail charges Eliminate potential for cheque fraud Save on bank charges through electronic transactions Provide vendors improved service and prompt payment Multiple payment dates for any single run. E-mail notification of payment automatically sent to vendor contact The MXP-E-Banking module integrates fully into the MXP Accounts Payable System. Once you have established that your banking institution supports E-Banking (Pre-Authorized Withdrawals and Deposits) then it is a simple matter to set up a ``virtual`` Bank in MXP through which the electronic payments will be handled. Code all the vendors that wish to be paid electronically with their banking information and e-mail contact and then just pay those vendors through the ``virtual`` E-BANK. One extra step has to be run from the MXP menu to complete the process by sending the electronic payments to the bank.

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