You’re on the South Africa site
  1. Home
  2. Payments

BFI Pay

5 out of 5 stars
Smart Payments for Smart Businesses. BFI Pay offers clients an automated system for bulk EFT / batch payments processing. BFI Pay will automatically reconcile all Bills in Xero paid through the system providing clients significant cost & time savings.

Overview

Smart Payments for Smart Businesses.

Creditors / Bills / Suppliers

BFI Pay offers clients a fully automated system for bulk EFT / batch payments processing. BFI Pay 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

BFI Pay 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.

Explore all features of BFI Pay

BFI Pay + Xero

Xero Integration:

Contacts:

Contacts is a 2-way sync between Xero & BFI Pay. Using our Sync functionality BFI Pay will bring in all contacts and contact information from Xero. Except Banking Details. Banking Details are controlled within the BFI Pay environment for security and risk purposes. Bulk Contact Banking details update feature available. Any changes made to contacts in BFI Pay will automatically be updated in Xero.

Payments:

When connected to a Xero Organisation and using the Xero Sync button under Payments, BFI Pay 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 BFI Pay you will be able to select & batch pay multiple bills from different Suppliers given that all the suppliers' banking details have been updated in BFI Pay.

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 BFI Pay, BFI Pay 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.

BFI Pay 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.

Reviews & ratings

5.0 out of 5 stars
5 Reviews
5 star(100%)
4 star(0%)
3 star(0%)
2 star(0%)
1 star(0%)
JP
Jamie-Lee Petersen
Posted
5 out of 5 stars

Quick and Easy

BFI Pay has been an easy and convenient way to make multiple payments to different suppliers at once. This reduces all the admin that comes with making payments which results in happy clients. It also integrates really well with Xero making the processing side of it much easier too.
SS
Suné Steenkamp
Posted
5 out of 5 stars

Convenient

This app has provided us with a workable solution where our client was in need of reducing their admin when having to make payments to suppliers. The client is happy and the reconciliation of accounts stay up to date.
RB
Reino Barkema
Posted
5 out of 5 stars

Best app ever

BFI Pay is the first of its kind in SA. I have been waiting for something like this for years. The app is effortless, saves massive amounts of time both making payments and reconciling them automatically in Xero. It also makes sure our payments and reconciliations are accurate. Top-notch, would recommend. Also, support is fantastic which is great.

Additional info

Shared data

Xero
BFI Pay
Contactsshared from Xero to BFI Pay and from BFI Pay to Xero
Bank Transactionsshared from BFI Pay to Xero
Payment Servicesshared from BFI Pay to Xero
Paymentsshared from BFI Pay to Xero
Invoicesshared from Xero to BFI Pay

App details

Added in 2022

Countries

South Africa

Languages

English

Support

Contact supportwww.support@bfipro.com
Although Xero reviews each app in the Xero App Store, we can’t give any guarantees. It’s up to you to assess the performance, quality and suitability of any app before going ahead.