of payment transactions
for Microsoft Dynamics 365
Dynamics 365/ AX2012
for processing electronic bank
IMPROVED MANAGEMENT OF PAYMENT TRANSACTIONS
SELF-TEACHING AND THEREFORE INCREASINGLY ACCURATE
Extended Banking enables payment transactions relating to purchase and sales invoices, transfers and collections to be processed quickly and smoothly. Transactions in the electronic bank statement are automatically matched to the correct purchase or sales invoice using the IBAN, the number of the client, supplier, debtor, creditor or invoice, or the payment reference. Receipts are then assigned and open transactions are settled. The use of flexible payment references ensures faster payment of outstanding items. The process teaches itself: the business system is enriched with newly obtained information relating to clients.
RAPID PROCESSING OF BANK TRANSACTIONS
The increased level of matching ensures increasingly fewer outstanding items as a result of unprocessed or rejected transactions. The feedback from the payment transactions and payment information received via the bank is analysed and recorded, which means that any outstanding items can be processed quickly manually. With regard to collections, automatic processing of reversals saves you time, while the reversed amounts remain easy to manage. What is more, the system supports the processing of specifications that clients send as attachments, for example as reference for a payment of multiple invoices or payments for multiple debtors by the head office.