BACS and CHAPS

The SOS BACS and CHAPS modules are helping many law firms streamline their accounting, by simplifying activities such as supplier payments and money transfers.

Firms and clients both appreciate the time and cost-saving benefits of secure Electronic Fund Transfers through BACS and CHAPS. Quicker and more accurate than paying by cheques, giros or cash, this SOS module reduces paperwork, bank charges and the need to re-key vital information. Typical uses include salaries, suppliers, lease payments and telegraphic transfers.

By using the SOS Electronic Fund Transfer feature, firms making as few as 50 payments a month can save 83% per year on bank processing costs.

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