Paysoft Flow can help your business
Manage accounts, cash flow and finance
- Invoicing and debt collection
- Pay bills
Tasks for Accountants and Bookkeepers
- Billing and Payments
Overview
BFI Pay has been rebranded to Paysoft Flow!
Smart Payments for Smart Businesses.
Creditors / Bills / Suppliers
Paysoft Flow offers clients a fully automated system for bulk EFT / batch payments processing. Paysoft Flow will automatically reconcile all Bills in Xero paid through the system providing clients significant cost & time savings. Perfect for larger volume B2B transactions.
Payroll
Upload CSV functionality for batch Payroll payments. Simple Pay and Payspace CSV Template import supported.
Debit Orders
Paysoft Flow offers a highly secure and cost-effective debit order collection system where users can sign on and upload debtor account files through unique access-controlled authorisation levels. You can add and process debit orders against all South African bank accounts. Digital debit order mandates available, for electronic signature from your debtors.
Paysoft Flow + Xero
Xero Integration:
Contacts:
Contacts is a 2-way sync between Xero & Paysoft Flow. Using our Sync functionality Paysoft Flow will bring in all contacts and contact information from Xero. Except Banking Details. Banking Details are controlled within the Paysoft Flow environment for security and risk purposes. Bulk Contact Banking details update feature available. Any changes made to contacts in Paysoft Flow will automatically be updated in Xero.
Payments:
When connected to a Xero Organisation and using the Xero Sync button under Payments, Paysoft Flow will bring in all the "Bills to Pay" under the Awaiting Payments Tab in Xero. No draft bills, awaiting approval bills and or credit notes will be synced.
From the Awaiting Payments Tab within Paysoft Flow you will be able to select & batch pay multiple bills from different Suppliers given that all the suppliers' banking details have been updated in Paysoft Flow.
After the batch has been approved; you must fund the instruction from your Bank Account to 1 of our Accredited & Controlled bank accounts (Beneficiary details available under Settings, Payment Details).
Once the funds are received in Paysoft Flow, Paysoft Flow will distribute the funds to all the suppliers within the batch, send Proof of Payments with a full remitance advice and automatically Reconcile all the bills from that batch in the connected Xero.
Paysoft Flow will create a Payment file from the batch payment in the connected Xero's bank account selected from the drop down when approving a payment. This allows the user to only click "OK" when reconciling the bank transaction with the created payment file.
Debit Orders:
Create & Send digital debit order mandates to contacts synced from Xero.
Getting started
- Navigate to https://paysoftflow.co.za/
- Click Register
- Sign Up with Xero
- Select EFT Payments
- Fill in all the required details
- Download Client Application form template & Debit Order mandate.
- Sign and Upload all documentation
- Connect Xero Organisation under settings; Xero Integration
- EFT Payments profile will be activated within 48 hours.
- Sync Contacts and complete banking details for relevant suppliers for them to become active.
- Go to Payments tab and Sync Xero for Bills to Pay to come into system.
- Ready to make payments to active suppliers
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Paysoft Flow - Excellent
Additional info
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Bills and expensesPaymentsIndustries
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