Streamline your Banking Processes without manual keying or errors!Download the Extended Factsheet
In most organizations, an efficient and optimized Accounting department is a challenge.
There is a strong need to be able to process workloads with higher productivity levels, on reduced resources.
An automated process, ensuring a smooth throughput from bank statements to settled invoices allows companies to focus on the exceptions. Companies that are successful in this area reap the benefits of reduced costs and resource efficiency. This, in turn, makes a significant difference to the bottom-line.
In a rapidly changing environment, agility is vital. To achieve agility, you need the support of a solution you can trust. We have over a decade of experience in delivering solutions which result in customer success. With our flexible solutions, we can support your business to transform your distributional capabilities, enhance your productivity, optimize your business processes and drive business growth.
Dynamics Banking is available for Microsoft Dynamics 365 for Finance and Operations and Microsoft Dynamics AX 2012.
banking processes and saves time
No entry errors
without the need for manual keying
of open invoices
to ledger accounts
Importing & Settling
Banks typically provide an electronic version of their statements. Importing these statements which contain payment information that can be used to settle open invoices saves time. Standard CAMT053 import class for European banks are supported and standard MT940 import classes for major Dutch banks are supported. Dynamics Banking can easily be extended to other banks if needed. Both the structured and non-structured MT940 formats are supported and from Microsoft Dynamics 365 for Finance and Operations version 8.1 and up also CAMT053 is supported.
Ledger Accounts and Payment Specification
If a transaction should not be related to a customer or vendor, it can be registered automatically against a ledger account. This could be the case with for example payment terminals or bank costs. When performing a vendor payment, which relates to many invoices, a bank transaction cannot hold all related invoice numbers or added specifications. An e-mail with a added payment specification can be sent to the vendor, assuring they apply the payment correctly.
- Standard import classes for major Dutch Banks
- Easy extension to other banks
- Use of bank accounts to identify customers and vendors
- Additional identifiers can be configured by users
- Settlement to open invoices, based on invoice numbers and amounts
- Default ledger accounts, for example, Payment Terminals, Bank Costs
- E-mail payment specification for more substantial payments
- …and much more
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