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#51648 - 11/16/16 06:47 AM EFT internal controls
bdgillis Offline
Adagio Fan

Registered: 03/03/10
Posts: 31
Loc: PEI
Are there any reports created by Adagio A/P which will help with internal control/paper trail for EFT payments? We are using the EFT payment module and uploading the file to the Royal Bank.
The concern is the ability to change the payee bank information with out the knowledge of the final approver of the batch.
Is there an audit report which would notify the approver of any changes to banking information or a process that requires approval of any changes ?
We operate with a very small accounting staff and segregation of duties is a challenge.

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#51649 - 11/16/16 07:43 AM Re: EFT internal controls [Re: bdgillis]
Douglas Dickie Offline
Adagio God

Registered: 06/02/99
Posts: 4414
Loc: Vancouver, BC
If your talking about changing the account on the vendor record then you could use a filter for the vendor profile "Last date modified"

If your talking about changing the account post EFT payment processing in Adagio and pre-transmission to your bank, then there is no report/process in Adagio to flag this occurrence.
_________________________
Douglas Dickie
AccSys Solutions Inc
Phone: 1.888.534.4344
ddickie@accsyssolutions.com

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#51652 - 11/16/16 08:38 AM Re: EFT internal controls [Re: bdgillis]
Retired_Guy Offline
Adagio Master

Registered: 03/16/99
Posts: 10504
Loc: Canada
And I would add to Doug's comment that since the change could be made external to Adagio, there is really nothing Adagio can do here. Telpay addresses the issue with a unique code generated as part of the approval process that won't work if anything is changed.

You need to direct your concerns to the Royal Bank.
_________________________
Andrew Bates

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