Extr@i's diverse functionality includes the tools to process cheque payments and/or Electronic Funds Transfer.

In order to produce a cheque or process an EFT transaction Extr@i draws information from the company's internal systems. For example, it could record the personnel number from the HR system, the claim amount and account details from the FMIS system and claimant details from the Claims Systems.
Information taken from multiple systems is formatted by Extr@i along with any other additional user defined information, not contained in any system. Extr@i processes the information to produce a cheque or Bank specified formatted EFT transaction. This facility is particularly useful if your HR system is an older system with no EFT support. Extr@i adds functionality by providing EFT support. For example, it could take the personnel number from the HR system and tie it to the individual's bank details contained in the Extr@i system.

Extr@i can processes the information and print cheques on un-formatted plain cheque printing stationary. Extr@i can produce cheques for multiple accounts for multiple Banks, printing them on the same un-formatted cheque printing stationary This printing ability offers tremendous cost savings in terms of time and stationary.

In terms of security, Extr@i allows for the printing of additional user defined information such as an encrypted pre-defined format image on the cheque. This could contain information on the cheque amount, payee, cheque number, etc.