Automate Payments to Owners with SEPA Transfers in Avantio
When managing multiple properties, making manual payments to each owner can be a tedious and repetitive task. With Avantio's export module, you can now automate SEPA bank transfers, increase efficiency, and reduce errors. This gives you more time to focus on what really matters: growing your business.
What are SEPA Transfers?
The SEPA (Single Euro Payments Area) zone allows for unlimited and fully electronic euro transfers between SEPA customers' bank accounts. This standardized system streamlines operations and ensures that payments arrive quickly and securely.
Compatibility
Avantio's export module only works with the ISO 20022 format.
👉 Helpful tip: before starting, contact your bank to confirm if they work with this standard. If so, send us the technical specification to assess your account's compatibility.
How the Module Works
The process is simple and designed to save you time on manual tasks:
Select the payments to owners from the VRMS.
The system generates an XML file with the transfer orders.
Download that file and import it into your bank's intranet.
Complete the transaction directly from your bank.
Additionally, thanks to the new update, you can now initiate the SEPA file generation directly from the settlement page, making the flow even more streamlined.
⚠️ Pay attention to details:
If any of the selected owners do not have a SEPA account, the system will show you an automatic notification to prevent errors.
Module Activation
To start using it, our team must activate the module in your VRMS. Once enabled:
Access the Accounting > Export data menu.
In the "Required Data" section, select:
The company name (if you manage several).
The type of bank fees (currently only "According to bank configuration").
In New export, you will see the list of pending payments. Check those you want to include in the XML file.
Download the generated file in Completed exports and upload it to your bank's platform.
Quick Checklist Before Exporting
Confirm that your bank supports the ISO 20022 format.
Ensure all owners have registered SEPA accounts.
Correctly select the company from which you will make the payments.
Download and upload the XML file to the bank without modifications.
Frequently Asked Questions
What is the cost of the module?
The "Issue payments via bank file" module is an optional add-on and carries an additional activation cost of €350. Contact our team to add it to your plan.
What happens if an owner does not have a SEPA account?
The system will show you an automatic alert to prevent you from attempting an incompatible payment.
Can I use the module with any bank?
Not necessarily. It will depend on whether your bank works with the ISO 20022 format. We recommend confirming this information before activating the module.
Are payments processed automatically from Avantio?
No. Avantio generates the XML file, but you must upload it to your bank's intranet to complete the transfer.
In Summary
With Avantio's SEPA transfer module, you can automate payments to owners securely, quickly, and without manual errors. This means fewer repetitive tasks and more control over your operations.
👉 Next step: contact our team to activate the module and start simplifying your payments.