Managing payments can turn out to be a costly process for your company as paying vendors can often be combined with unnecessary costs such as; paying too late and facing payment fees, time spent on correcting errors, missing out on payment discounts, spending resources handling file import and export to and from the bank, and so forth. Resources that could instead have been spent strengthening and developing your business.
Using the Payment Management 365 app, you will get a more stable payment flow as generation and validation of payment information is offered throughout the entire payment process. A wide range of payment methods and payment identification definitions are automatically set up when using the extension. Using the Direct Communication module, all payments, status files and account statements will automatically be transferred to and from the bank, meaning that the time-consuming and unsecure process of manually handling file export and import to the bank will be eliminated.
Features and benefits using this app:
Full integration is offered for a wide range of bank formats.
IBAN lookup, which helps you create vendor bank information automatically.
Payments to several banks from one payment journal.
Supports import of FIK/GIK and CAMT.054 files for automatic match of customer payments.
Features and benefits using our advanced bank account reconciliation functionality Statement Intelligence with extended functionality:
100 percent match on vendor payments if created with Payment Management.
Matching of customer payments using all available information like description and notification lines.
Automatic creation of Cash Receipt Journal lines when unique match is found, and customer payments is not posted.
Automatic creation of reconciliation suggestions on customer payments when no unique match is found.
Support for web shop payments with possibility to setup payment reference search rules.
Easy access to Cash Receipt Journal and General Journals.
Click the Trial button and start improving your payment workflow.
This app supports both the Essential and Premium edition of Microsoft Dynamics 365 Business Central.
This app is available in Denmark.
This app is available in Danish (Denmark) and English (United Kingdom).