Banking

  • AX2009
  • AX2012
  • D365 for Finance and Operations Enterprise edition

In most organizations, especially in these challenging financial times, an efficient and optimized Accounts Payable department which can process its workload with higher productivity levels on reduced resources is a challenge. 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 business platform you can trust.

Challenges

  • Manually keying in bank statements with limited resources i.e. less staff
  • Human error
  • Manual settlement of open invoices
  • Manual assignment to ledger accounts

Dynamics Software Banking supports the importing and automatic settling of bank statements. It is integrated with the Accounts Payable, Accounts Receivable and General Ledger modules.

  • 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 e.g. Payment Terminals, Bank Costs
  • E-mail payment specification for larger payments
  • Ending balance functionality to assure completeness

  • Streamline banking processes
  • No manual keying of bank statement or errors
  • Automatic settlement of open invoices
  • Automatic assignment to ledger accounts
  • Significant cost reduction

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