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Electronic Financial Transaction Services

Manage your business’s cash flow – simple, fast, cost-effective

Sanlam Multi Data Electronic Financial Transaction Services offers you MultiConnect - a user-friendly web based service that offers you security, simplicity and the ability to better manage your business’s cash flow. Our end to end process takes the hassle out of paying staff and creditors, and offer a simple and efficient way to collect money from your customers via Debit Order and NAEDO.

Easy collections

  • Export your collection file from your system to our web -based system or capture each consumer manually
  • Once collection transactions are uploaded or captured, you choose to process them manually or automatically via our system
  • Download static reports or create your own
  • Same day, One day and Two day services are available

Easy payments

  • Export your salary/wage/creditor payment file from your Payroll or Accounting system
  • Upload the file onto Sanlam’s online payment portal
  • Fund Sanlam with the total amount of the transactions to be paid
  • Lastly, check and approve the payment

Financial Intermediaries

Prepare for the Retail Distribution Review (RDR).

Transact

Download CIM 900 or transact on Multi Connect.

Get Quote

Request a customised quote.

Services

Find the right service.

Registered System Operator

Sanlam Multi Data is a registered System Operator with PASA. We provide a securely hosted infrastructure that allows small to medium sized businesses to safely move files for payment and collections from and to their own bank account.

We introduce you to our sponsoring Banks, offer clear instruction to your development team and facilitate the monthly processing of transactions through your own bank account – we even handle the billing.

  • All funds are collected and paid from a Bank account in your businesses name.
  • Any interest earned is for your Businesses account.
  • Your business benefits from Sanlam’s purchasing power which almost guarantees reduced costs as we handle the billing.
  • You gain access to Sanlam’s ability to leverage Banking relationships to ensure on-going access to processing regardless of the situation.
  • We have excellent Disaster Recovery as our systems cater to our 36 Million transactions worth R300 Billion per annum which we process for hundreds of Companies.
  • You gain access to personal service from our dedicated consultants
  • The security gained by processing with Sanlam Multi Data remains Industry leading.
  • Sanlam Multi Data offers your business a convenient mechanism to effectively reduce your transacting costs as in most cases these are reduced by at least 30%

Why Choose Multi Data

Sanlam Multi Data has been in business with businesses for nearly 5 decades, processing over 3 million EFT transactions every month worth R 300 billion p/a. We are well established with a wealth of expertise and, as a member of the Sanlam Group, we are supported by world-class security systems.

  • Industry-leading security – runs within Sanlam’s firewalls
  • Highly competitive pricing
  • Reduces human error – no more manual data capturing
  • Easy to use – intuitive commands and logical processes
  • Easily integrates into existing system with minimal disruption
  • Regularly audited and updated
  • Excellent disaster recovery systems
  • Dedicated and highly skilled support consultants
  • Wide range of standard reports
  • Flexibility to create own reports with tailor-made layouts
  • Substantial checks and balances
  • Full audit trail and management of collections process
  • Tools enabling Check Digit Validation (CDV) and upfront rejections

Financial Intermediaries

Prepare your practice for the upcoming Retail Distribution Review (RDR). Sanlam Multi Data offers secure debit order services to assist intermediaries with the collection of client fees payable for advice and professional services. Our state-of-the-art system will allow you to streamline your business processes, protect the integrity of your practice, and ensure that it complies with RDR regulations.

Our user friendly web-based system allows you to:

  • Capture debit order instructions via the Multi Connect website
  • Access a system that that automatically manages, queues and submits debit orders
  • Capture or update debit order collection instructions up to two days before the transaction due date
  • Load debit order days and months in advance
  • Deactivate debit orders if necessary
  • View reporting on transactions, to determine why they failed or succeeded

Get Quote

Please complete the form below to enable Sanlam Multi Data Electronic Financial Transaction Services to prepare a quotation that’s customised to suit your business requirements.

Transact

Multi Connect is a state-of-the-art web-based solution which allows you to do transactions even when your banking platform is offline. Get started in no time by downloading CIM 900, or logging into Multi Connect to do your transactions.

 

Services

Sanlam Multi Data offers a range of services that aim to significantly reduce transaction costs, speed up transaction processing times, and provide fast and accurate reporting.

Sanlam Multi Data specialises in the electronic collections of funds via debit-order and Non-Authenticated Early Debit-Order (NAEDO) systems.

Sanlam Multi Data provides security, scalability, reliability and total confidentiality at competitive prices, allowing you to transact with peace of mind.

Sanlam Multi Data's solution automatically validates, reconciles and manages your company's transactions to provide an additional layer of security.

Sanlam Multi Data's Account Holder Verification service confirms ownership of a bank account to prevent identity theft and other types of fraud.

Sanlam Multi Data provides an electronic Tax Directive and Certificate Service which enables you to obtain IRP5’s, directives and certificates, and IT3’s from SARS.

Client Comments

We have been using the Multi Data debit order services for the last 28 years and have never had any reason to complain about their superb service. Collections and reports are always punctual and the Multi Data staff members are always friendly and immediately available to assist with any queries. I will never switch to a different service provider.

Monitordienste - Worcester  

The Multi Data system is extremely friendly and reliable. We never have to worry about the monthly debit orders running smoothly – every day of the month! The speedy identification of unpaid debit orders not only enables us to communicate with those listeners promptly and timeously, but also to resubmit a request to the bank within the next day or two (or at a chosen later date). This is really a very user-friendly system for us as clients of Multi Data, as well as for our listeners (as our clients).

Tygerberg 104FM  
We are very satisfied with the service we receive from Multi Data. The staff we work with are always friendly, helpful and very efficient in general. Queries are usually addressed and sorted out promptly.
Meals on Wheels  

Compliments and Complaints Form

 Institutional Solutions

 

 

Insurancehttp://www.sanlam.co.za/institutional/Pages/insurance.aspxInsuranceProviding for risk events like death or disability can be a costly exercise with a number of complexities. Our group risk solutions offer cost-effective risk solutions to employers.http://www.sanlam.co.za/CoZaBannerImages/Insurance.jpg?RenditionID=5 , /CoZaBannerImages/Insurance.jpg?RenditionID=5
Financial Planninghttp://www.sanlam.co.za/institutional/Pages/financial-planning.aspxFinancial PlanningOur consulting solutions are based on thorough research and world-class expertise, enabling you to make investment recommendations that remain relevant to your clients.http://www.sanlam.co.za/CoZaBannerImages/FinPlan.jpg?RenditionID=5 , /CoZaBannerImages/FinPlan.jpg?RenditionID=5
Retirementhttp://www.sanlam.co.za/institutional/retirementRetirementWe strive to administer retirement funds in such a way that each member of a fund understands the reason for retirement savings and therefore the need for financial goal-setting.http://www.sanlam.co.za/CoZaBannerImages/Retirement.jpg?RenditionID=5, /CoZaBannerImages/Retirement.jpg?RenditionID=5
Investmentshttp://www.sanlam.co.za/institutional/Pages/investments.aspxInvestmentsRunning a professional business practice can be very challenging. At times you may feel like you're juggling more than you can comfortably manage.http://www.sanlam.co.za/CoZaBannerImages/Investments.jpg?RenditionID=5 , /CoZaBannerImages/Investments.jpg?RenditionID=5
Electronic Financial Transaction Serviceshttp://www.sanlam.co.za/institutional/Pages/electronic-money-transfer-services.aspxElectronic Financial Transaction ServicesOur electronic transaction service ensures that payments happen on time, saving you time and decreasing the risk of paper-based fraud.http://www.sanlam.co.za/CoZaBannerImages/eft-services.jpg?RenditionID=5, /CoZaBannerImages/eft-services.jpg?RenditionID=5

Contact us

For more information contact us by dialing the number on the right or completing the form.

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