As your business grows and expands into Switzerland, the Switzerland CSF helps to keep your Epicor Financials system compliant from day one to save time and expense. The CSF package contains the most used financial and operational functionalities in the country including:
It also supports the German language for the solutions included in the CSF.
The Switzerland CSF package supports several payment formats for domestic and international payments.
The payment files generated in ISO20022 format support domestic and cross-border payments. Payment types 1, 2.1, 2.2, 3, 4, 5 and 6 are supported. This feature is available on and above version 10.2.700 in Epicor Financials.
The supplier payment files for domestic and cross-border payments for bank accounts containing transaction types 22, 27, 28 and 37 are created as a text file. The system can also import the remittance files sent by banks.
The supplier payment files for the domestic and cross-border payments for PostFinance accounts containing transaction types 826, 827, 830 and 836 are created as a text file. The system can also import the remittance files received for PostFinance transactions.
Additional details are saved in Epicor Financials for the company bank account such as the bank customer number, the PostFinance account number, the Inpayment Slip Reference (ISR) party number, the DatenTrägerAustausch/DTA (Electronic Funds Transfer/EFT) ID.
Similarly, additional details are saved for the supplier bank account, such as the PostFinance account number, and the ISR party number.
It is possible to flag AP invoices to be paid urgently. These invoices will be included in the list of AP invoices to pay, regardless the due date chosen when selecting invoices.
The objective of SEPA is to help ensure that payments within Europe are as simple and efficient as those that occur within a single country. The SEPA payments use the Euro currency. Almost all European countries support the SEPA payment format, even those where the domestic currency is not Euro.
The unified SEPA Credit Transfer payment method replaces the previously used local payment systems denominated in Euro in Europe, both for domestic and cross-border payments.
The SEPA Direct Debit is a pull-based payment method that allows a business to directly withdraw the payment from its customers' bank account, for which a mandate needs to be signed by the customer. The debtor and the issuer of the invoice must each have an account with a Payment Service Provider (PSP) located in the SEPA area.
Epicor Financials can generate the Inpayment Slip Reference (ISR) number for AR invoices and the payment slip can be printed accordingly with the ISR number for customers in Switzerland and Liechtenstein.
ISRs are also created for reminders sent to customers in Switzerland and Liechtenstein.
The payment reference numbers (ISR numbers) on AP invoices received from suppliers can also be captured, validated, and stored in the AP invoice entries in Epicor Financials.
The ISR payment slip accompanies AR invoices, helping customers to make their payments.
The AR invoices can be printed on special pre-printed papers that have a dedicated area for the ISR payment slip, separated by a tear line on the last page.
The ISR payment slips can be also printed separately on a special printer.
A red ISR payment slip is an empty form that allows a customer to initiate a payment transfer to the account of the supplier, arranged personally in the bank or in PostFinance offices.
Traditionally, the account owner (customer) fills in the slip manually and gives it to its bank. The bank will then debit the customer's bank account for the amount indicated and transfer the money to the beneficiary.
An orange ISR payment slip is typically received with an invoice from the supplier and usually features:
Customers can either physically give the orange slips to their banks or use it in PostFinance offices for payments. They can also use the ISR reference information for electronic payments.