What is Extended Banking?
A solution integrated with Microsoft Dynamics 365 for rapid, automated processing of bank transactions and reversals.
Improved management of payment transactions
Want to save time and money by faster processing client and supplier payments and automated reconciliation? Are you looking to reduce the number of unsettled payment transactions while making the individual processing of payment reversals a thing of the past? With Extended Banking, you can streamline payment transactions further in Microsoft Dynamics 365 F&O. Transactions are imported and processed without manual intervention. Efficient and accurate, resulting in increased productivity and significant time-savings in financial administration.
Matching payments (reconciliation) to outstanding items is a time-consuming process – especially if you have a large number of transactions to process or peak loads to deal with. Extended Banking makes it possible to automate the matching of over 95% of bank statement transactions in common formats like MT940 and CAMT.053.
The solution therefore offers high added value for:
Reasons for choosing Extended Banking