Only information necessary to process the accounts payables is transmitted to RBC PayEdge, no personal information is shared.
When you sync your accounting software with RBC PayEdge, the following data exchange happens:
1. To RBC PayEdge
- Outstanding payables/bills from your accounting software is transmitted to RBC PayEdge account and can be found under Payments >> Outstanding Payables. The information includes supplier name, currency, amount, remittance note, bill number, due date, accounting software name and invoice, if any.
- Suppliers who have outstanding payables/bills is transmitted to RBC PayEdge account and can be found at Suppliers >> Manage Suppliers under Attention Needed tab. The information includes supplier name, address and email, if any
2. To Accounting Software
- Paid bills from RBC PayEdge account is transmitted back to your accounting software and the payment is closed as Paid in the accounting software. The information includes payment order number, supplier name, currency, amount, remittance note, bill number, payment status, payment date and funding source information.
To know more about your accounting software’s Data Sharing Policy please check your accounting software website.