LowesLink VFI (Vendor Financial Information) · 2019-09-06 · Remittance Capability Types 11 •...
Transcript of LowesLink VFI (Vendor Financial Information) · 2019-09-06 · Remittance Capability Types 11 •...
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LowesLink® VFI(Vendor Financial Information)
EFT Setup
(Electronic Funds Transfer)
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Lowe’s Logo and LowesLink® are registered trademarks of LF, LLC. All Rights Reserved.
Revision Date: 09/2019
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Agenda
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• Application Menu 3• Vendor and Security Questions 4• EFT Setup 5• Remittance Capability Types 11• EFT – Vendor Setup Form (Example) 12• Attachments 13• Requirements for Submission 14• Successful Submission 15• Submission Status Question 17• Application Questions 18
Slides
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Application MenuSelect Vendor Financial Information
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VFI – EFT SetupSubmit Vendor and Security Question
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EFT SetupSelect Sign-Up for EFT
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EFT Setup Validation
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• Vendors that have not received any Lowe’s payments would only be required to enter bank information (see page 8).
• Vendors that have only received one Lowe’s payment would be required to enter that check information as validation (see page 9).
• Vendors that have received multiple Lowe’s payments would be required to enter two of the last five checks received as validation (see page 10).
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EFT SetupInput Bank Information
Check Validation Not Required for New Vendors
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EFT SetupInput Check Validation & Bank Information
Vendors that have Received Only One Check
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EFT SetupInput Check Validation & Bank Information
Vendors that have Received Multiple Checks
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EFT SetupInput Contact Information
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Remittance Capability Types
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• CTX means that the remittance details and the funds are both sent the bank. The remittance advice would have to be obtained either by the bank or you can view it online via the Vendor Inquiry application on LowesLink®.
• CCD sends an 820 EDI document to you containing very basic information such as the gross amount. The funds are sent to the bank.
• CCD+ also sends an 820 to you but the 820 transmission contains more details such as invoice numbers, gross amount, discount amounts, etc. The funds are sent to the bank.
• Installers, Expense Vendors, or WebForm Vendors can only do CTX (DXC).
• Merchandise vendors that are 820-capable should choose CCD+.
• Note: Only CCD and CCD+ require the EDI Qualifier and EDI ID.
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EFT – Vendor Setup FormThe image below is an example only.
**Access the actual form at www.LowesLink.com by going through the VFI Application in LowesLink®. **
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Please reference the following for more details on Attachmentshttp://www.loweslink.com/llmain/pubdocuments/ctpAttachments.pdf
AttachmentsSelect Browse
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EFT Setup – Error Messages (Requirements for Submission)
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EFT Setup – Request Submission Successfully Submitted
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EFT SetupRemittance Instruction Email
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Application Questions
Please contact the Finance Resource Center by:
Email: [email protected]
Phone: (336) 658-2121 choosing Option 3 for LowesLink® then
Option 2 for Vendor Financial Information
Finance Resource Center Hours of Operation:
Monday – Thursday from 8:00 AM – 5:00 PM EST
Friday from 8:00 AM – 2:00 PM EST
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