CAPS, Client Automated Payment SolutionSaving with EFT. Your company can now realize tremendous savings by eliminating check processing for recurring expenses. A major hurdle in paying vendors by EFT (electronic fund transfer) is the ability to deliver the remittance information on what was paid. Our CAPS system utilizes today's technology to deliver payment information - securely and economically. How the programs works. CAPS is a web application accessible from anywhere on the internet. On your behalf, we contact vendors helping them establish their unique and secure CAPS user id, and gather bank account & routing information. This information is fed back to your systems for EFT transfers. When EFT payments are made, the remittance data is sent to our secure CAPS system where it is posted for each payee to view or print for their records. We notify each payee via e-mail when new payments have been deposited and the remittance is available. Additionally, Quest has assisted a number of vendors with a custom electronic file that updates their accounting software. Outsource the entire process. If EFT is not in the foreseeable future, but your system is capable of bulk payment, you can still take advantage of reduced check writing. Quest can handle payments on your behalf, including the tax reporting requirements. It's working for others. Some of our clients save millions annually with this service. In fact, many of your vendors are already receiving EFT payments or accessing our CAPS system to retrieve remittance data on payments made by your competitors. Learn More About Us |
