Electronic Funds Transfer (EFT) payments are more convenient, reduce paper handling, streamline lockbox services, and reduce the risk of lost payments. Even more significant are the advantages of getting an Electronic Remittance Advice (ERA) with each EFT. Delivered in your desired format, the ERA can be directly imported into your practice management or health information system, eliminating the need to re-key remittance details from check stubs, a process that is time consuming and often introduces errors.