Beginning with efficiency and accuracy in mind, we’ve developed top-quality electronic bank reconciliation functionality, a key strength of our Treasury Automation Suite for Dynamics AX.
A critical function of finance, corporate treasury and banking operations is reconciliation. Whether your organization deals with a short list of banks or over hundreds of bank accounts, having the ability to automate cash management with the added benefit of visibility over those bank accounts, is a must.
Our Cash & Bank Automation Function Lets You…
- Automatically import bank statements
- Reconcile bank statements with a solution that runs fully-unattended
- Fine tune matching and mapping with configurable rules
- Gain visibility across all bank accounts and legal entities
- Automatically create reconciling transactions
Automate the bank reconciliation process in Microsoft Dynamics AX
As a user of Microsoft Dynamics AX, you are more than familiar with the cringe-worthy and headache-inducing scenario when it comes to the bank reconciliation process.
Ensuring that your bank and ledgers are balanced can be onerous at best. This applies no matter how few or many accounts you have. Finding a discrepancy manually can be an undertaking that moves at a snail’s pace.
Investigating hundreds or thousands of transactions by hand is also costly. For companies with multiple bank accounts and many transactions, this easily adds up to a significant expense.
SK Global’s bank reconciliation software is a part of our Treasury Automation Suite. It can substantially help speed up the time and lower the cost of this process.
Our reconciliation software runs continuously in the background, so matches and discrepancies are constantly found. No more waiting until the end of the period to suddenly discover how many transactions will have to be manually investigated.
Because SK Global’s software is automatic, your bank balances are always current. Your CFO will have a real-time overview of actual cash availability across all bank accounts, helping to make more informed financial decisions.
Reduced number of errors
Our bank reconciliation software significantly reduces the number of manual human errors, which will help you save even more money. Even with the exceptions that are found, our software gives you a detailed overview, so you can pinpoint the exact issue at hand.
SK Global’s software is compatible with Microsoft Dynamics AX, including AX7, AX2012 and AX 2009. It integrates seamlessly and directly with your bank accounts. Adding or changing your bank accounts is easy, no matter where they are based globally.
Because our solution communicates in a closed loop between your Microsoft Dynamics AX and your bank accounts, all of your information is secure. Unlike other solutions, SK Global’s Bank Reconciliation Software does not release your sensitive banking information into a cloud. Sensitive company information is kept in logs, further avoiding the need to upload or download confidential data.
To learn more about our Cash & Bank Automation, you can schedule a demonstration with us. SK Global’s bank reconciliation software is a key strength of our Treasury Automation Suite for Dynamics AX.