Vendor Payment Software
SK Global’s vendor payment software combines the time and money savings of integrating and automating outbound payments to any banking platform in the world. Our vendor payment automation functionality is a feature-rich player in the Treasury Automation Suite for Dynamics AX.
Enjoy integrated and direct bank communication from your Microsoft Dynamics 365 or Microsoft Dynamics AX system to your bank. Through a simplified User Setup, you will be able to comfortably execute any type of domestic or international payment throughout your local or global operations.
Payments are securely transmitted from your ERP system to the bank, supporting standards such as SEPA, ACH, BACS, IAT and many more.
As vendor payments are posted in Microsoft Dynamics 365 (or Microsoft Dynamics AX), the system will automatically process the outbound transmission of the payments to be executed by your bank (or multiple banks). In other words, you are able to consolidate outbound files from multiple payment journals within your system.
Increase Security – Direct Transmission
Payment processing is centralized and automated with our Vendor Payment software. Your communications to and from any bank are seamless and secure. Your internal IT team will be in full control of security parameters, with all of your sensitive financial information transmitted directly between Dynamics 365/Microsoft Dynamics AX and the bank.
Our Vendor Payment Software Features
Enhance your Microsoft Dynamics AX accounts payable processing with the power of our Vendor Payment Automation features:
- Simplified user setup
- Execute fully unattended file transmissions to the bank, protecting your printed checks
- Automate electronic vendor payments around the world: US-ACH, SEPA, BACS, IAT, and more
- Fully automate payment processing with inbound/outbound files and journal updates
- Transmit files securely to the bank using integrated communications support
- Automated and configurable email remittance, with both standard and custom layouts
- Consolidate outbound files from multiple payment journals
- Support for any payment standard globally (SEPA, ACH, BACS)
- Support for any payment type globally (Domestic, International, Reference Payments, CCD+, PPD, CTX, and many more)
- Integrated bank communications support
- Posting of actual FX currency rates
- Delayed payment rejection reversal
- Bulk loading of banking vendor detail information
- Header/Trailer support, block fill, File ID Modifier
- Banking holiday calendar
- Archiving of uploaded files
- Support for Wire, Purchase Card, Virtual Pay, Outsourced Check Printing, and more
Security Enhancements to SK Global’s Vendor Payment Software
- Easily configured secure FTP upload
- Vendor account change security
- Paying account change security
- File upload status (error, success)
- Inbound file processing & management (acknowledgement & transaction detail)
- Server side file processing – security feature
Foreign Exchange Automation
An option for Vendor Payment Automation users is our Foreign Exchange Automation enhancement. It minimizes your currency risk when processing multi-currency payments. You will also get the best exchange rates. This is ideal for global companies.
Learn More about SK Global’s Vendor Payment Software
You are more than welcome to talk to your Microsoft Dynamics AX provider or contact us to learn more about our Vendor Payment Automation software.