425
I got asked the questions about why we are using Mekorma but I'm not sure why the previous consultants recommended the third party application. Can someone tell me the pros and cons of using Mekorma vs GP Report Writer Checks?
Tony
*This post is locked for comments
Tony,
Mekorma is rather easy to disable if you want to use the GP checks. I don't remember the process off hand but the Mekorma setup guide explains it clearly. One plus if you decide to use GP checks instead of Mekorma is not paying the annual support on Mekorma.
It looks like that if I would have use the checks format out of the box from GP this could have being accomplish using report writer ( Sort Documents on the Stub by Invoice Number rather than Invoice Date ).
Ian pretty much hit the nail on the head with his explanation of the differences between Mekorma and GP. From my perspective, the real benefit is the additional security you get with the ability to establish dollar amount thresholds for multiple signatures on the checks. Another benefit is it is much, much easier to modify your check layout in Mekorma than it is in GP's Report Writer. I know there are some other optional products that Mekorma offers that are supposed to provide other efficiencies in payables processing but I haven't reviewed their latest offerings in awhile.
I like Ian's suggestion re: EFT. Nothing like pressing a button vs. cutting checks.
The Mekorma application allows you to print MICR to blank cheque stationery. It also allows printing of signtures and you can determine which cheques require to be manually signed, and which ones can be automatically signed. I think this is based on the cheque amount...so payments under a certain value have the signature(s) auto printed, while more valuable cheques are left blank (maybe someone more experienced can confirm that it is based on the cheque value). You can also print copy cheques for filing.
The big advantage is of course the reduced cost of getting cheque stationery pre printed.
If you have big cheque runs, you might consider using the standard GP EFT for Payables module. It comes with pre set file layouts for the US and can easily handle European EFT file layouts as well. Once you collect and enter all your supplier bank details, its cost free payments (bar whatever bank fees your bank might charge). And you can still pay some suppliers by cheque if you want.
Ian Stewart
Stay up to date on forum activity by subscribing. You can also customize your in-app and email Notification settings across all subscriptions.
#1
André Arnaud de Cal...
291,280
Super User 2024 Season 2
#2
Martin Dráb
230,214
Most Valuable Professional
#3
nmaenpaa
101,156
Share
Report
All responses (
Answers (