All eftsure Reviews
1-25 of 42 Reviews
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Christina
Fund-Raising, 1,001-5,000 employees
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed April 2022
Pros & Cons of EFTSure
The Support & Verifications Teams are very friendly and work very closely together. I always get very quick and helpful responses from both teams whenever I need help or when I put in a request/query. Really love interacting with both the Teams. Very efficient and friendly services rendered and I'm very pleased with it.
PROSThe product is easy to use from my perspective - and the verification process is trustworthy and meets our organisation compliances. I like the recent added feature: the Status for pending 'Change Request' onboardings showing as 'Change Request Pending' as opposed to 'Onboarding Pending'. This actually helps me to identify quickly which ones are the new supplier onboardings as opposed to those that are just change request.
CONSThis is a feedback from our suppliers as I don't have access to the backend of the portal. They find that the portal is not too user-friendly and at times, they are not sure on how to navigate through the whole process of filling in the various sections of the onboarding form. May I suggest providing more "Help" tips in each section to assist those who are not so computer-savvy.
Reason for choosing eftsure
As above
Pauline
Insurance, 1,001-5,000 employees
Used daily for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
3
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed June 2022
Great Product once customized for our specific use and implemented
Experience was a positive one - the EFTsure staff were helpful and readily available when needed. We did struggle in understand the process EFTsure uses with their offshore staff as the EFTsure model did not ideally suit the suppliers we deal with. We are mainly paying trust money on behalf of clients and there are timing obligations on us to make sure payments are made - this affects our relationship with these suppliers. These suppliers are often large companies where staff within them with the authority to validate a bank account are not the people we deal with on a day to day basis. We had to make a few adjustments to the communication method and contacts but once this was worked through the whole validation process works well. We are happy that the large amounts of money being transferred are not landing in only verified bank accounts.
PROSEveryone seems to be able to use this product with little to no problems
CONSThe manner in which the accounts are verified i this day and age of a lot of scammers - emails with links to verify the account details within the EFTsure data base made many suppliers jumpy. We had to redesign the introductory email and tightly control the communication with our suppliers.
Bruce
Transportation/Trucking/Railroad, 51-200 employees
Used weekly for less than 6 months
OVERALL RATING:
4
EASE OF USE
3
VALUE FOR MONEY
3
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed November 2022
Review of eftSure's setting up process and features.
Satisfactory.
PROSDashboard and the integrated symbols in our NAB banking.
CONSLengthy set up process, mostly due to: - inadequate instructions on how to extract supplier details from Xero - necessary involvement of our IT provider on the DKIM, etc (required a lot of to and fro between them and eftSure)
Reason for choosing eftsure
n/a
Jeric
Construction, 51-200 employees
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed February 2023
EFTsure
Fantastic!Eliminate the risk of paying to the wrong account.Eliminated the time we spent on phone calls and emails to verify a supplier's bank account.
PROSThe peace of mind knowing that the bank details have been verified and if there are any incorrect bank details in the system, it is flagged by EFTsure.
CONSThe parent's name along with the trading name of a supplier should be recognized by EFTsure so as not to get a red flag when doing the banking.That is because most organizations would enter the trading name when creating a new vendor in their database as the trading names are the ones that mostly appear on the tax invoice.
Carol
Religious Institutions, 501-1,000 employees
Used daily for less than 2 years
OVERALL RATING:
5
EASE OF USE
4
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed November 2022
eftsure review
We are given that extra assurance that our payments are going to the correct bank account but also that the supplier details such as ABN, bank account name etc match our supplier system. With the increase in users of eftsure we are often finding now that new suppliers we are setting up are already certified in eftsure so there is no delay in waiting for the supplier to verify their details.
CONSWe have had a few suppliers refuse to participate because they dont understand the risks/scams occurring - is often a little time consuming explaining it.
Samantha
Construction, 51-200 employees
Used daily for less than 12 months
OVERALL RATING:
5
EASE OF USE
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed May 2022
Client experience
Support are extremely helpful and prompt. This has streamlined our process dramatically plus having up to date info on a vendor's status is brilliant. Very positive experience
PROSWe have grown a lot as a company and being able to delegate the phone call verification and onboarding form completion process has been a massive time saver.
CONSI wish it required bank accounts to be linked to ABN/ACN. Whether that be bank account name or proving some sort of link between accounts. I also wish it could confirm that the bank account provided is open and correctly linked, as at the moment it is confirming that the details provided in the onboarding match the details confirmed over the phone. We are very strict with what we will accept from an onboarding.
Froya
Construction, 11-50 employees
Used daily for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed November 2022
Excellent Fraud Protection
The EFTSure team is always available to help, providing adequate training and our business relationship manager Sewraj has been extremely helpful with learning how to use the system. Risk mitigation has definitely been achieved giving our business piece of mind with our payment processes.
PROSThe Bank Overlay helps to identify any changes to vendor bank details & provides the approver with a report for each payment by click the thumb.
CONSImplementing EFTSure was not too bad, now we only have to on-board new vendors and 70 percent of them are normally already in the data-base so they automatically get verified with a green thumb. There may be a few that refuse to engage with EFTSure but these are easily self-verified.
Rocielee
Real Estate, 1,001-5,000 employees
Used daily for less than 12 months
OVERALL RATING:
4
EASE OF USE
5
CUSTOMER SUPPORT
4
FUNCTIONALITY
4
Reviewed February 2021
EFTSURE 2021
The system is safe and easy to be used by the small & big businesses. It's very easy to learn. Nothing is complicated. It will help businesses to pay the suppliers by EFT accurately/safely because of the verification process the EFTSURE team does. Highly recommended. EFTSURE team members are helpful too.
PROSThe system is easy to use & learn. Very friendly user. The functions & features of the system are easy to understand. Highly recommended to small and big businesses.
CONSUnder supplier Onboarding - the search option can be improved.
Jim
Construction, 501-1,000 employees
Used daily for less than 12 months
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed October 2022
EFTsure
The process was completely new to us but the implementation process was very thorough and the after installation help has been exceptional. Nish and the help desk team are a credit to EFTsure
PROSFunctionality and ease of use, provides all the information we need to onboard new vendors and can highlight and discrepancies there are with paperwork.
CONSI think if you reject an invitation back to the vendor the process can be a bit cumbersome.
Mary
Construction, 51-200 employees
Used daily for less than 2 years
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed July 2022
EFTSURE Review - Mary & Victoria
a satisfied and happy customer
PROSIt's provides immediate verification or a 24 hour turn around
CONSIn regards to subcontractors, they do not respond in an efficient and timely manner to verifying details
Michael
Accounting, 51-200 employees
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
FUNCTIONALITY
4
Reviewed April 2022
Easy to use protection when making payments
Has been an excellent and vital addition to our protection when making supplier payments.
PROSEase with which the EFTSure extension appears in the NAB banking platform when approving payments, indicating any that have not previously been verified in the EFTSure database
CONSErrors such as 'Inactive payee' have been difficult to understand
Tony
Mining & Metals, 1,001-5,000 employees
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed October 2022
EFTSure Supplier Management
The online portal and customer service has been very efficient. EFTSure's interaction with our Suppliers has been very professional.
PROSThe software service is online, intuitive and easy to use.
CONSNothing to dislike. The online portal provides all that we need.
Ricky
Transportation/Trucking/Railroad, 201-500 employees
Used daily for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed March 2022
eftsure review
I am really pleased with EFTsure’s team dedication in supporting A2B Australia procurement process. EFTsure has definitely provided a value-add to our new supplier onboarding process by removing the manual paperwork! I strongly recommend businesses to adopt EFTsure into their procurement process
CONSStill a lot of improvement for UI and UX
Vendor Response
Hi Ricky, It's great to see we're adding value to your procurement process. We are aware of some of the product design issues and we're actively growing the team to improve in that area. Thanks for your review.
Replied March 2022
Lucy
Food Production, 501-1,000 employees
Used daily for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed March 2022
Thank you Eftsure!
Eftsure is safe, secure and user friendly, and has been hugely beneficial in strengthening our internal financial controls. Eftsure's secure vendor management is relied upon heavily on a daily basis, and the verification of all our suppliers' bank details via the eftsure platform is a necessary step to protect Manildra Group and in turn, all our payees. Eftsure's customer service and implementation teams have been excellent!
CONSOccasionally the product is glitchy and a bit slow to refresh.
Shirely
Mechanical or Industrial Engineering, 201-500 employees
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed July 2022
Feedback of using EFTSure
Verify creditors details and auto set up creditors in system is so good!
CONSThere is nothing we don't like. So far everyhing is very good.
Sue
Dairy, 501-1,000 employees
Used daily for less than 6 months
OVERALL RATING:
5
EASE OF USE
4
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed March 2023
EFTSure
Overall experience has been great, ease of integration and the excellent level of support we have received from [sensitive content hidden]
PROSEase of implementation.It has assisted us align our Vendor Master data.Functionality is great and tightens our internal controls for risk.The support and training we have received has been excellent and EFTSure staff are great to work with !
CONSNot being able to have Company name and Trading name as this can be different depending on the Vendor invoice. Some Vendors are suspicious of the onboarding process so we have had to micro-manage at times
Katherine
Education Management, 51-200 employees
Used daily for less than 2 years
OVERALL RATING:
5
EASE OF USE
4
VALUE FOR MONEY
5
FUNCTIONALITY
5
Reviewed May 2022
Great Product on ongoing support
Easy to use and how great it works within online banking . The training and ongoing support is really great.
CONSSome setup of suppliers can be difficult if i don't have all the information especially email addresses.
Amy
Primary/Secondary Education, 501-1,000 employees
Used weekly for less than 12 months
OVERALL RATING:
4
EASE OF USE
3
VALUE FOR MONEY
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
3
Reviewed November 2022
Very good Fraud prevention system!
The overall experience has been very good and i think the system has been very good in managing the on boarding process of our suppliers.
PROSThe biggest benefit of this software it gives you peace of mind that the suppliers you are paying are not fraudulent. This is especially true in the current climate as scams are becoming more sophisticated which means we need systems that are sophisticated to prevent the fraud.
CONSThe amount of work it takes to keep following up with suppliers who don't respond. Also because the emails sent out from the system have the EFTsure domain name a lot of the suppliers didn't respond as they thought it was a fraudulent email.
Janice
Capital Markets, 11-50 employees
Used weekly for less than 12 months
OVERALL RATING:
4
EASE OF USE
4
VALUE FOR MONEY
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed May 2022
EFTSure Review
It is a great tool for us in making our payments. It help us avoid the risk and fraud of any bank payment error.
PROSThe most feature that I like with this software is the ability to provided quick onboarding request forms for the suppliers added. We don't need to provide any forms for the new suppliers. It has all the details that we need that can also be a help in updating our accounting system. I also like how the EFTsure do the verification process. I can see how detail the process that make us trust them that all the bank details are correct once verified
CONSNone so far as we only started using it just few months ago.
Lachlan
Sports, 51-200 employees
Used weekly for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed March 2022
Fantastic Product
Fantastic experience, very easy to use and implement. The extra level of security makes me feel so much more comfortable about our payment process. Gives me the confidence that my AP system doesn't give me.
PROSThe way that EFTsure pre-emptively advises us when a vendor's bank details have changed is a game-changer for me, being a seasonal industry communications can drop away in the quieter month and these can be easily missed.
CONSI've had a single payment bounce though verified correctly to a supplier - wondering if there's any scope for account closures to be advised to EFTsure in any capacity rather than via other users in the network.
Jamie
Government Administration, 51-200 employees
Used daily for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
4
FUNCTIONALITY
4
Reviewed December 2022
Review
Positive
PROSEase of implementation and integration with existing finance systems.
CONSnothing of note - product is easy to use and effective.
Neil
Government Administration, 51-200 employees
Used daily for less than 6 months
OVERALL RATING:
5
EASE OF USE
3
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed June 2022
eftsure Review
This product came highly recommended to Council following other government users.
PROSEasy to implement and the safeguards it provide to a medium size local government is reassuring. While you may not stop all cyber security breaches to know that the system will alert our staff and to be vigilant when changing circumstances appear provides a level comfort for our business.
CONSWhile only operating this system currently for a short time Council has found no shortcomings currently.
Leanne
Transportation/Trucking/Railroad, 51-200 employees
Used daily for less than 6 months
OVERALL RATING:
5
EASE OF USE
4
VALUE FOR MONEY
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed August 2022
Very Important Software
It was a very well guided implementation process - we received adequate training opportunities to onboard our Suppliers and then start running with the program. It has added some robust features to our Supplier records.
PROSThe connectability between our banking data and verification process prior to paying our Suppliers - gives alot of peace of mind.
CONSWe did not have any negative experiences. It does take a little bit of time to understand the dashboard options but we are feeling much more confident with this now.
Belinda
Utilities, 201-500 employees
Used weekly for less than 12 months
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed August 2022
A Great easy to use system for peace of mind
very happy and love teh dashboard. The bulk action feature is great and bank overlay great for Finance managers to reiew the risk of payments
PROSGood features, easy to use and easy to manage and know where your up too. Reliable
CONSThe automatic file upload but being the first to do its understandable. The comments section that goes to supplier and not the eftsure team can be confusing
Reason for choosing eftsure
Price and easy to implement
Fiona
Civil Engineering, 51-200 employees
Used weekly for less than 6 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed September 2022
New Customer
We did not have any particular issues prior to using EFTSure. It is just a matter of making our own systems more robust. We have noticed over time that we do receive more and more scam and fishing emails, and whilst we have not been caught out yet, we wanted to minimise the risks to our business.
PROSThe ease of use. It is not about if, but when a business will be a target of fraudulent bank accounts. Having a process that is easy to use and is not arduous for the payments team is essential.
CONSBeing able to onboard existing suppliers with their insurances. We have been able to achieve a work-around solution regarding this which has been good. However being able to upload documents with expiry dates for existing suppliers would be useful.