{"id":671,"date":"2026-03-26T12:36:08","date_gmt":"2026-03-26T12:36:08","guid":{"rendered":"https:\/\/www.sikasoftonline.net\/?p=671"},"modified":"2026-03-26T12:36:08","modified_gmt":"2026-03-26T12:36:08","slug":"bulk-funds-transfer","status":"publish","type":"post","link":"https:\/\/www.sikasoftonline.net\/index.php\/2026\/03\/26\/bulk-funds-transfer\/","title":{"rendered":"Bulk Funds Transfer"},"content":{"rendered":"\n<p id=\"user-content-description\">The\u00a0<strong>Bulk Funds Transfer<\/strong>\u00a0module is a powerful administrative tool that allows users to move funds simultaneously across all customer accounts from one product type to another. Instead of transferring money manually for every single customer, this utility automates the process across the entire institution based on flexible criteria such as specific percentages, exact amounts, total available balances, or dynamically via daily rates.<\/p>\n\n\n\n<!--more-->\n\n\n\n<h2 class=\"wp-block-heading\" id=\"user-content-purpose\">PURPOSE<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Radically reduce administrative workload by processing thousands of account transfers in a single click.<\/li>\n\n\n\n<li>Automate sweeping routines, such as moving a percentage of all savings deposits into investments or fixed deposits.<\/li>\n\n\n\n<li>Ensure accurate mathematical distributions across an entire product portfolio without manual data entry.<\/li>\n\n\n\n<li>Prevent errors through robust confirmation dialogues before any bulk operation begins.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"user-content-step-by-step-guide\">STEP-BY-STEP GUIDE<\/h2>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Step 1 \u2014 Accessing the Module and Verifying Date<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Navigate to the core <strong>BackOffice Module<\/strong> and open the\u00a0<strong>Bulk Funds Transfer<\/strong>\u00a0page.<\/li>\n\n\n\n<li>Ensure the\u00a0<strong>Transaction Date<\/strong>\u00a0in the top left reflects the correct system date (this date is securely locked and auto-populated).<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"446\" height=\"142\" src=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-88.png\" alt=\"\" class=\"wp-image-672\" srcset=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-88.png 446w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-88-300x96.png 300w\" sizes=\"(max-width: 446px) 100vw, 446px\" \/><\/figure>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Step 2 \u2014 Selecting Product Accounts<\/strong>&nbsp;In the left column labeled &#8220;Account Details&#8221;:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Transfer From:<\/strong>\u00a0Use the dropdown menu to select the source deposit product. Funds will be deducted from\u00a0<em>all<\/em>\u00a0customer accounts associated with this product.<\/li>\n\n\n\n<li><strong>Transfer To:<\/strong>\u00a0Use the dropdown menu to select the destination deposit product. Funds will be deposited into the corresponding customer accounts for this product.\u00a0<em>(Note: You cannot select the identical product for both fields).<\/em><\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"781\" height=\"354\" src=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-94.png\" alt=\"\" class=\"wp-image-678\" srcset=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-94.png 781w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-94-300x136.png 300w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-94-768x348.png 768w\" sizes=\"(max-width: 781px) 100vw, 781px\" \/><\/figure>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Step 3 \u2014 Defining Transfer Options<\/strong>&nbsp;In the right column labeled &#8220;Transfer Options&#8221;, select the criteria for how much money will be moved:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Percentage (%):<\/strong>\u00a0Select this radio button to transfer a specified percentage. The percentage input field will unlock. Type the number (e.g.,\u00a0<code>10<\/code>\u00a0for 10%).<\/li>\n\n\n\n<li><strong>Specific Amount:<\/strong>\u00a0Select this to transfer a flat fee. The amount input field will unlock. Enter the exact monetary value.<\/li>\n\n\n\n<li><strong>Transfer All Available Balance:<\/strong>\u00a0Select this to drain the source product accounts entirely, transferring 100% of available funds to the destination accounts.<\/li>\n\n\n\n<li><strong>Use Daily Rate:<\/strong>\u00a0Select this if your system relies on dynamically calculated daily interest or sweep rates configured in the backend.<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"785\" height=\"370\" src=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-95.png\" alt=\"\" class=\"wp-image-679\" srcset=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-95.png 785w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-95-300x141.png 300w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-95-768x362.png 768w\" sizes=\"(max-width: 785px) 100vw, 785px\" \/><\/figure>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Step 4 \u2014 Processing the Transfer<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Once your accounts and options are correctly configured, click the large blue\u00a0<strong>Process Bulk Transfer<\/strong>\u00a0button at the bottom right.<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"280\" height=\"91\" src=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-91.png\" alt=\"\" class=\"wp-image-675\"\/><\/figure>\n\n\n\n<ol class=\"wp-block-list\">\n<li>A critical warning prompt will appear:\u00a0<em>&#8220;Are you sure to transfer funds from all customers [Source] account to [Destination] account&#8221;<\/em>.<\/li>\n\n\n\n<li>Review this prompt extremely carefully. If accurate, click\u00a0<strong>Confirm<\/strong>.<\/li>\n\n\n\n<li>The system will process the batch and display a Success notification.<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"475\" height=\"224\" src=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-93.png\" alt=\"\" class=\"wp-image-677\" style=\"width:428px;height:auto\" srcset=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-93.png 475w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-93-300x141.png 300w\" sizes=\"(max-width: 475px) 100vw, 475px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"user-content-key-notes\">KEY NOTES<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Global Impact:<\/strong>\u00a0This module does not operate on a single customer&#8217;s account; it affects the entire user base holding the selected products. Access should be restricted to high-level supervisors or administrators.<\/li>\n\n\n\n<li><strong>Empty Fields:<\/strong>\u00a0If you select &#8220;Percentage (%)&#8221; or &#8220;Specific Amount&#8221; but leave the numerical field empty or at 0, the system will actively block the transfer from executing.<\/li>\n\n\n\n<li><strong>Irreversible Operation:<\/strong>\u00a0Performing a bulk transfer executes hundreds of ledger entries instantly. Reversing a mistaken bulk transaction requires significant technical intervention; always double-check the &#8220;Transfer From&#8221; and &#8220;Transfer To&#8221; fields.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0Bulk Funds Transfer\u00a0module is a powerful administrative tool that allows users to move funds simultaneously across all customer accounts from one product type to another. Instead of transferring money manually for every single customer, this utility automates the process across the entire institution based on flexible criteria such as specific percentages, exact amounts, total available [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":680,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,24],"tags":[],"class_list":["post-671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-back-office","category-bulk-customer-funds-transfer"],"_links":{"self":[{"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/posts\/671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/comments?post=671"}],"version-history":[{"count":1,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/posts\/671\/revisions"}],"predecessor-version":[{"id":681,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/posts\/671\/revisions\/681"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/media\/680"}],"wp:attachment":[{"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/media?parent=671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/categories?post=671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/tags?post=671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}