Overview
Q2 Direct Data Services is leveling the playing field for community and regional banks, enabling you to offer the accounting system integration large businesses consider a must-have for their banking relationship. Moving back and forth from the online banking platform to the accounting system to reconcile transactions is a picture of inefficiency for commercial customers. With Direct Data Services, you can give them the accounting simplicity and automation they demand.
Features
Process payments directly
With Q2 Direct Payables, financial institutions can automate the delivery and receipt of ACH and wire payments, with near-term plans to include check, card, instant payments, and mixed payments files. Payments can be sent via SFTP batch or through API integration with the customer’s ERP/accounting system.
Streamline processes with accounting system integration
Give commercial accounting departments hours back in their day by providing integration with their ERP/accounting system through Q2 Direct ERP. Staff members can conduct all transactions in their ERP and skip the added step of entering transactions in the Q2 Digital Banking Platform.
Send information quicker and easier
Quickly and easily give business customers the critical information they need. With Q2 Direct Account Recon, customers can have CSV, BAI, and MT account data delivered to an SFTP folder for pickup. Soon, customers will be able to get formatted reports through secure email or via API integration with their ERP.
Key Benefits
- Save customers time and money
- Enable commercial customers to lower accounting costs by processing transactions with less manual involvement.
- Reduce fraud risks and human error
- Less manual involvement means fewer opportunities to introduce human error.
- Increase cash flow
- Reduce processing time and offer more control over payment dates.