Business management and information systems provider, COA Solutions, has partnered with payment software provider, Experian Payments. The partnership will enable COA Solutions’ financial management software customers within the public sector to link to Experian Payments’ bank account validation software, Bank Wizard, to check the validity of their payments data before it is submitted to Bacs. COA Solutions’ customers will be able to validate bank account details at the point of data capture, significantly reducing payment errors.
Typically, incorrect bank account details only become apparent when a payment is rejected by Bacs. It can then take considerable time and cost to obtain the correct account details, delaying payment further and potentially creating strained relations between the customer/supplier.
Jonathan Williams, director of strategic development at Experian Payments, said: “This is an exciting partnership that provides COA Solutions’ customers with even greater software functionality to complement the already extensive range of business applications COA Solutions provides. We look forward to Bank Wizard helping COA Solutions’ public sector customers deliver the efficiency savings they are targeted with achieving while freeing up considerable time for public sector workers to concentrate on core business.”
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