Woongjin Holdings TransAid
TransAid is an add-on that you can use to efficiently process bulk incoming and outgoing payments

Overview:

TransAid, which is a SAP Business One add-on, can be the solution in cases where your company has daily bulk incoming payments from customers, such as B2C, or bulk outgoing payments to venders.

TransAid uses incoming and outgoing payment UI from 'Banking' SBO core module, which includes UI and process that could handle mass payments at once. This will improve the job efficiency of a financial manager by reducing the work load.

If you are in charge of sales of a company that does B2C, you would probably have to check many customers' virtual account, bank transfer, and credit card or cash incoming payments every day. Afterwards, you would have to check customer's incoming payment information, and map out the A/R amount and incoming payment amount through SBO's 'Incoming Payment' window. The increasing workload would be hard to handle as the number of customers grow.

TransAid is developed to improve these kind of issues. After you organize various customers' incoming and outgoing payments in Excel and upload the data, you can reconciliate incoming and outgoing payments with A/R and A/P, map them out automatically based on FIFO, or select each payment manually and create incoming and outgoing documents.

Other than uploading data from Excel template, by interfacing with VAN company, you can extend to many functions by planning out the template based on the format.