About CHEQ-IT Solutions
A payment processing platform providing electronic funds transfer (EFT) and cheque printing software. It integrates with accounting systems to automate accounts payable, support multi-bank cheque signing, and provide secure payment reconciliation.
CHEQ-IT Solutions is a specialized payment processing platform focused on automating accounts payable through electronic funds transfer (EFT) and secure cheque printing. Designed for businesses that require robust financial controls, the software integrates with various accounting systems to streamline payment workflows. Its core value proposition lies in reducing the costs associated with traditional banking methods by enabling batch EFT processing and eliminating the need for expensive pre-printed cheque stock. The system includes advanced features such as automated cheque signing protocols, which allow finance teams to set security clearances based on transaction values, and comprehensive audit logging for month-end reconciliation. While the platform is highly functional for back-office finance operations, it is primarily a desktop-integrated solution rather than a modern cloud-native SaaS application. Support is provided through direct contact channels, and the system is widely used across industries like oil and gas, logistics, and government.
Pros & Cons
- Reduces transaction fees by batching multiple payments into a single EFT run.
- Eliminates the need for pre-printed cheque inventory by using blank stock and MICR toner.
- Provides granular control over cheque signing protocols and security clearances.
- Integrates directly with established accounting systems like Qbyte, SAP, and Sage.
- Offers robust audit trails and reconciliation reporting for financial compliance.
- Pricing is not published and requires direct contact with the vendor.
- The software is primarily designed for desktop-based accounting workflows rather than modern cloud-native environments.
- Requires specific hardware like MICR-capable printers for cheque production.
- Limited self-service documentation compared to modern SaaS platforms.
Features
Key features
Processes direct deposit payments to vendors and suppliers in batch runs to reduce transaction fees.
Prints MICR-encoded cheques on blank stock, eliminating the need for pre-printed cheque inventory.
Allows users to define custom signature rules and security clearances based on cheque values.
Generates daily log reports for audit and control purposes to ensure financial compliance.
Interfaces with major accounting applications to export payment data directly into the processing system.
Additional features
Automatically sends payment confirmations to recipients upon processing.
Generates detailed reconciliation reports within minutes of batch processing.
Implements banking-grade security features for both EFT and cheque printing modules.
Supports the use of blank cheque stock and MICR toner to reduce supply costs.
Enables multiple payments to be processed in a single transaction run.
Pricing
Countries & Languages
Interface languages
Billing currencies
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About CHEQ-IT Solutions
A payment processing platform providing electronic funds transfer (EFT) and cheque printing software. It integrates with accounting systems to automate accounts payable, support multi-bank cheque signing, and provide secure payment reconciliation.
CHEQ-IT Solutions Details
CHEQ-IT Solutions's In-App Market Place
Does CHEQ-IT Solutions have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
There are no popular mini-apps or plugins currently available for payment processing software by CHEQ-IT Solutions.
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), JPY (¥), AUD (A$), CAD (C$), CHF (CHF), CNY (¥), SEK (kr), INR (₹), HKD (HK$), NZD (NZ$), SGD (S$), KRW (₩), ZAR (R)
Pros & Cons
- Reduces transaction fees by batching multiple payments into a single EFT run.
- Eliminates the need for pre-printed cheque inventory by using blank stock and MICR toner.
- Provides granular control over cheque signing protocols and security clearances.
- Integrates directly with established accounting systems like Qbyte, SAP, and Sage.
- Offers robust audit trails and reconciliation reporting for financial compliance.
- Pricing is not published and requires direct contact with the vendor.
- The software is primarily designed for desktop-based accounting workflows rather than modern cloud-native environments.
- Requires specific hardware like MICR-capable printers for cheque production.
- Limited self-service documentation compared to modern SaaS platforms.
CHEQ-IT Solutions's Support Options
Email Address
sales@cheqiteft.comContact
403-241-2607Documentation
https://docs.cheqitsolutions.comCommunity Forums
https://community.cheqitsolutions.comCHEQ-IT Solutions's Alternatives
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