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Customizing Financial Software Solutions
  • ACH Updates

    MIMICS has provided a NACHA-formatted ACH export format for over a decade. Typically, this export is used to export Accounting Entries produced within the MIMICS modules to a Core Processing/Banking system. However, we have made upgrades to allow NACHA entries to be received by a central MIMICS NACHA module from any other MIMICS module or from third-party software. These batches can go through an approval process and then exported when approved. There are options to modify or manually add batches, each of which can go through an approval process.

    These enhancements will not pertain to every client, as for many our standard ACH file export from their MIMICS module will suffice. However, these enhancements will be useful for some clients, such as Central Banks handling large numbers of payments by ACH.