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The Third Party Advantage Conference (TPAC) 2024 provided significant insights into the ongoing development and success of Sage 300. Mark Hickman, Managing Director of Sage Canada, highlighted the strong performance of Sage 300, reaffirming its value to both existing clients and new customers. For those not familiar with TPAC, it is an annual event where developers of Sage 300 add-on products gather to share information and celebrate all things Sage 300. Here are the key takeaways from the conference.

Sage 300 Continues to Thrive

Strong Performance

Mark Hickman shared positive news with TPAC attendees, noting that Sage 300 continues to perform strongly in the market. This robust performance is evident through ongoing sales and the loyalty of existing clients. Sage’s commitment to investing in the development of Sage 300 ensures that the platform remains a competitive and valuable solution for businesses.

Investment in Development

Sage is dedicating more resources than ever to the ongoing development of Sage 300. This investment aims to enhance the platform’s capabilities, ensuring it meets the evolving needs of its user base. This commitment to innovation and improvement underscores Sage’s dedication to providing a top-tier ERP solution.

Orchid EFT for Sage 300

Understanding PCI Compliance

PCI Compliance refers to the Payment Card Industry Data Security Standard (PCI DSS), a set of requirements intended to ensure that all companies that process, store, or transmit credit card information maintain a secure environment. Compliance is mandatory for any company handling credit card information.

Orchid EFT’s Role in Secure Processing

Orchid’s EFT Processing for Sage 300 plays a crucial role in the secure handling of sensitive data, though it does not require PCI compliance as it does not store credit card information. Here’s how it manages data security:

  • Encrypted Storage: Bank account details for AP Payments, AR Direct Debits, and AR Refunds, as well as credit card numbers for AR Direct Debits, are stored encrypted in the Sage database.
  • Unencrypted EFT Files: When creating an EFT file, the bank account and credit card details are unencrypted, as required by most banks. It is the user’s responsibility to securely store and delete this file after uploading it to the bank to ensure data security.

User Responsibility

While the Orchid EFT System itself is not PCI compliant due to the nature of its data handling, it is crucial for users to ensure the secure storage and management of EFT files. Proper handling of these files is essential to maintaining data security and compliance.

The TPAC 2024 conference underscored the ongoing success and development of Sage 300. With strong performance metrics and increased investment in its development, Sage 300 continues to be a leading ERP solution for businesses. Additionally, understanding the role of Orchid EFT in secure payment processing highlights the importance of user responsibility in maintaining data security. Stay tuned for more updates and innovations from Sage 300 as it continues to evolve to meet business needs.