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eftsure description
Eftsure is a cloud-based software that helps businesses, particularly finance teams, prevent financial fraud. It verifies supplier bank details, flags suspicious invoices, and automates payment checks to ensure you're paying the right person. This helps reduce errors and fraud attempts while streamlining the payment process. Eftsure is especially beneficial for companies managing a large volume of payments and seeking better control over their outgoing funds.
Who is eftsure best for
Eftsure is ideal for finance teams, especially CFOs and Accounts Payable, managing high payment volumes. Based on user feedback, Eftsure gives peace of mind for payment accuracy with proactive notifications. We find that it's most impactful for larger enterprises prioritizing financial security, although mid-sized businesses can benefit as well..
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Perfect for enterprises (1000+ employees) seeking robust financial security; also valuable for medium-sized businesses.
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We recommend Eftsure for companies in finance, banking, insurance, software, IT, and telecommunications.
eftsure features
Supported Bank account verification: Verifies bank account details to ensure accurate payments and prevent fraud. |
Supported Fraudulent invoice detection: Identifies suspicious invoices that might indicate fraudulent activity. |
Supported Automated payment checks: Automates payment verification processes to reduce errors and fraud. |
Supported Supplier management: Manages supplier information, including onboarding and verification. |
Supported Segregation of duties: Offers user roles and permissions to enforce compliance with internal protocols. |
Supported Integrations: Integrates with existing financial technology stacks for seamless data flow. |
Supported Vendor verification: Provides vendor verification to confirm the legitimacy of business details. |
eftsure reviews
We've summarised 54 eftsure reviews (eftsure Capterra reviews and eftsure G2 reviews) and summarised the main points below.
- Provides strong security and confidence in payment accuracy.
- Easy to use and navigate.
- Excellent and responsive customer support.
- Bank overlay feature within online banking is convenient.
- Proactive notification of vendor bank detail changes.
- Difficult to convince suppliers that communications from eftsure are legitimate.
- Duplicated supplier records can occur.
- International supplier onboarding is cumbersome.
- System can be slow and difficult to connect to at times.
- Unclear how long verification requests will be queued.
eftsure pricing
The commentary is based on 1 reviews from eftsure G2 reviews.
While specific pricing details aren't available in reviews, users highlight eftsure's value by emphasizing cost savings achieved through fraud prevention and increased efficiency. They suggest eftsure provides a level of security they couldn't afford to replicate internally.
See the eftsure pricing page.
eftsure alternatives
eftsure FAQ
We find eftsure to be a helpful tool for finance teams. It automates payment checks and verifies bank details, helping prevent fraud and errors. In our experience, this is especially valuable for businesses managing lots of payments.
What is eftsure and what does eftsure do?
We find eftsure to be a helpful tool for finance teams. It automates payment checks and verifies bank details, helping prevent fraud and errors. In our experience, this is especially valuable for businesses managing lots of payments.
We find that eftsure integrates with existing financial technology stacks, allowing for a seamless flow of data between systems. This ensures data consistency and streamlines payment processes. More specific integration details are available upon request.
How does eftsure integrate with other tools?
We find that eftsure integrates with existing financial technology stacks, allowing for a seamless flow of data between systems. This ensures data consistency and streamlines payment processes. More specific integration details are available upon request.
We find that eftsure's main competitors include PaymentWorks, apexanalytix, and Xelix. These alternatives offer similar features like payment verification and fraud prevention, catering to businesses focused on financial security and streamlined payment processes. Other similar solutions you may want to check out are fcase, Oversight and Telleroo.
What the main competitors of eftsure?
We find that eftsure's main competitors include PaymentWorks, apexanalytix, and Xelix. These alternatives offer similar features like payment verification and fraud prevention, catering to businesses focused on financial security and streamlined payment processes. Other similar solutions you may want to check out are fcase, Oversight and Telleroo.
Yes, eftsure is a legitimate and safe software solution. We find that their focus on preventing financial fraud and automating payment checks helps protect businesses. They have positive ratings on G2, Capterra, and Glassdoor. However, some users have reported difficulties with supplier onboarding and occasional system slowdowns.
Is eftsure legit?
Yes, eftsure is a legitimate and safe software solution. We find that their focus on preventing financial fraud and automating payment checks helps protect businesses. They have positive ratings on G2, Capterra, and Glassdoor. However, some users have reported difficulties with supplier onboarding and occasional system slowdowns.
Eftsure's pricing isn't publicly available. It depends on your company's annual spending and how many new vendors you onboard each month. You'll need to contact them for a custom quote.
How much does eftsure cost?
Eftsure's pricing isn't publicly available. It depends on your company's annual spending and how many new vendors you onboard each month. You'll need to contact them for a custom quote.
We find that eftsure's customer service is generally considered excellent. Users praise the helpfulness, responsiveness, and professionalism of the support team. While some onboarding challenges exist, the eftsure team actively assists in resolving them.
Is eftsure customer service good?
We find that eftsure's customer service is generally considered excellent. Users praise the helpfulness, responsiveness, and professionalism of the support team. While some onboarding challenges exist, the eftsure team actively assists in resolving them.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.
An AI tool that observes your work, finds inefficiencies, and suggests smarter ways to do things. Maybe you can use your tools better, automate tasks, or switch software.