Banking Automation Suite

The Banking Automation Suite for Microsoft Dynamics 365 allows you to communicate directly and safely to any bank in the world, from within your Microsoft Dynamics 365 ERP system.
This means that you can send payment instructions directly from your ERP to your bank. You can import bank statements across any number of bank accounts automatically, and you can process your bank statement reconciliation automatically.

Key Features

• Direct and safe communication to your bank.
• Process Vendor Payments to your bank automatically.
• Import bank statements automatically.
• Process bank statement reconciliation automatically.

The Banking Automation Suite includes our Bank Communication Hub, Vendor Payment Automation, and Bank Statement Automation. Please follow the links for more in-depth description

Bank Communication Hub 

With the Bank Communication Hub your IT Team is in full control of security.

Sensitive financial data must be handled 100% securely. You can achieve this with a direct and encrypted communication line between your Microsoft Dynamics 365 ERP and your bank.

We support Manual Communication, Host2Host/SFTP communication, and Web Services Communication.

Vendor Payment Automation

As vendor payments are posted in Microsoft Dynamics 365, the solution will automatically process the payment instructions, and safely communicate these to your bank for execution, submitting payment to your vendors automatically.

Your outbound payments are securely transmitted from your Microsoft Dynamics 365 ERP system to the bank, or any number of banks, supporting all standards such as SEPA, ACH, BACS, IAT payments, and many more.

With the solution you are ensured that any payment type in the world is supported, from domestic to international payments in all currencies.

With a solution build within Microsoft Dynamics 365 and with a simple setup, you can focus on running your business, processing payments locally or as a global enterprise.

To read more about the Vendor Payment Automation

Bank Statement Automation

With Bank Statement Automation you can significantly increase efficiency by automatically importing and processing your bank statements across all your banks and bank accounts in your Microsoft Dynamics 365 ERP system.

Let the system import all your bank statements automatically, safely storing the information in your Microsoft Dynamics 365 ERP system. This will create the bank statement in your Dynamics 365 ERP system for all your bank accounts.

During the import of the bank statement file the system can automatically perform your reconciliation. As an example, based on your configuration, the system can match existing transactions such as Vendor Payments, Customer Payments, Direct Debits, Bank Fees, and much more.  Further, the system can intelligently detect missing General Ledger transactions and post these for you.

We support all bank statement formats such as MT940, CAMT.053, ISO20022, BAI2, and more.

The Bank Statement Automation module supports any number of legal entities and any number of bank accounts.

To read more about Bank Statement Automation