Using Confirmation of Payee

This guidance is only for IRIS Financials Version 7.0.2223 or later. If using version 7.0.2103 or earlier, or Version 6, this feature is not available.

To reduce the risk of payments failing when processing a payment run, bank details entered in IRIS Financials can be checked against the records held by the bank using Check Payee Details.

You can only do Confirmation of Payee checks if you have permissions to edit Payment Information.

To do Confirmation of Payee checks when adding or editing bank details for an account:

  1. Select Check Payee Details.

  2. If all the details match the bank's records, select OK to confirm.

    For details that do not match the bank's records, a message is displayed with further details and information about resolving the issues or errors.