Multi Country ACH

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Multi Country ACH

Multi Country Automated Payment Processing 

When you operate in multiple countries from the same salesforce org, you have the ability to automate payment processing for each country.

This can be achieved by the following:

  1. Enable Multi Currency for the Organization.

  2. Set up Bank Accounts and Payment Processing for each country.

  3. Schedule Payment Processing for each Country at Local Time.

1. Enable Multi Currency for the org

Enable automated payment configuration, under custom settings for your org . If this option is not enabled, your current ACH processing will continue. 

Step by Step Instructions:

  1. Click Setup

  2. Enter Custom Settings in the search field

  3. Click Custom Settings

  4. Select the ACH Parameters

  5. Click Manage

  6. Click Edit

  7. Check the Multiple Payment Method Support option

  8. Click Save

    In the following screen the Multiple Payment Method Support is checked.

    You have successfully set the Multiple Payment Support

2. Setting up bank accounts and automated payment processing for each country

Create Bank Accounts payment processors for lender who will send ACH files for processing payments and disbursals. If separate bank accounts are used for different transactions, all bank accounts need to be setup. Automated payment processing is supported for:

  • Loan Disbursal
  • Loan Payments
  • Investor Deposit
  • Investor Payment
  • Investor Withdrawal

In this section you will learn to setup the following:

  • Set up a Bank Account
  • Set up an Investor Fund Transaction
  • Set up Automated Payment Configuration

2.1  Set up a Bank Account

Step by Step Instructions

  1. Click Bank Accounts tab.

  2. Select New.

  3. Enter the Bank Account Number.

  4. Enter the Bank Name.

  5. Click Save.

    You have successfully created a Bank Account.

2.2  Create an Investor Fund Transaction

Step by Step Instructions

  1. Click Accounts tab.

  2. Select an existing account.

  3. Click New Investor Fund Transaction.

  4. Select the Transaction Date.

  5. Select the Payment Mode.

  6. Enter the Transaction Amount.

  7. Click Save.

    Now, run the Filegen class for this scheduler. It checks for all the types of transactions where the payment mode is ACH and a particular event type for payment mode is created.

    Once the file is generated the Sent To ACH will be checked, the Sent To ACH on (Date) will get displayed and also the ACH Filename also will get displayed.

    Note:

    The event type has to be present else the transaction type will not get processed and the file will not get generated.

    You have successfully created an Investor Fund Transaction.

2.3 Set up Automated Payment Configuration

In this section you will learn to set up Automated Payment Configuration

Step by Step Instructions

  1. Click Automated Payment Configuration

  2. Enter the Filegen Class.

  3. Select the File Type.

  4. Select the Event.

  5. Enter the Folder Name.

  6. Select the Payment Mode.

  7. Click Save.

    Once the above configurations are made and an appropriate Filegen job is run the jobs can be scheduled, from the Batch Jobs section.

    You have successfully set up Automated Payment Configuration.

3. Schedule Payment Processing for each country at local time

In this section you will learn to set up the Business hours for a respective country. 

  1. Click Setup.

  2. Enter Business Hours in the Search field.

  3. Click Business Hours.

  4.  Click New Business Hours.

  5.  Enter the Business Hours Name.

  6.  Select Active.

  7. Select the Time Zone of the country.

  8.  Click Save.

    You have successfully set up the business hours for a respective country.

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