Suppliers warn of BACSTEL-IP migration bottlenecks

Share this content
1

More than 10,000 companies have just over two months left to move their electronic payment systems from EDI-based links to the new internet-based BACSTEL-IP payment infrastructure.

In December, the old BACSTEL system will be taken out of service. At the recent Softworld Accounting & Finance event, Georgia Leybourne of Albany software warned of migration bottlenecks as more than a third of BACS users had not yet made the transition.

"It's over two years since BACS announced the migration to the new technology, BACSTEL-IP, and only 60% of businesses are ready. The remaining 10,000 companies risk failing to secure the help they need from the software community."

Albany, a specialist in online payment and ecommerce systems, has moved more than 5,000 companies onto BACSTEL-IP. It is one of 25 deve...

Please Login or Register to read the full article

Replies

Please login or register to join the discussion.

avatar
By rasmith
26th Oct 2005 16:26

cost could be the reason
We have reveiwed the software options available for switiching to BACSTEL-IP from BACS and it is too expensive.

The cost appears to run up to several £'000's for very few obvious benefits.

Could this be the reason many business aren't migrating and are instead finding an alternative solution?

Thanks (0)