Microsoft Dynamics 365 & Dynamics AX

Vendor Payment Automation

Fully automated solutions designed to help you save time & money

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.

Questions? Don’t hesitate to ask us!



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Empowering accounts payable departments with the tools to execute critical functions both efficiently and securely is our goal

Our electronic vendor payment feature broadens your ability to make payments faster, while our positive pay/safe pay tool protects your printed checks without hassle.

Administrators - Our electronic vendor payment feature broadens your ability to make payments faster, while our positive pay/safe pay tool protects your printed checks without hassle.
Administrators
Guaranteed file transmission to the bank, securing your printed checks at all times
Simple or custom email notification to vendors receiving electronic payments
Streamlined upload process that’s easy to understand and design just like AX
Bulk-loading of vendor detail information for electronic payments
ZERO additional data entry to prepare files for transmit to the bank

Rest assured that the payments leaving your organization are protected against fraud and will be transmitted safely to your bank. You’ll benefit from an extra layer of security inside your walls as well.

Controllers - Rest assured that the payments leaving your organization are protected against fraud and will be transmitted safely to your bank. You’ll benefit from an extra layer of security inside your walls as well.
Controllers
Additional vendor payment protection beyond AX, including account and amount security
Format support for banks all over the world ... we’ll scale with you during a bank change
Developed by banking and treasury experts, trusted by over 1,450 customers globally

Fully integrated with MS Dynamics AX, Supporting AX7, AX 2012, AX 2009

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