Become part of a global ISV team – Specializing in Banking & Treasury Automation for Microsoft Dynamics 365/Dynamics AX
Do you thrive in a fast-paced working environment, and do you enjoy being in demand, providing value to clients? If you would like to join a team where your input and experience matters, now is a great opportunity.
SK Global Software is a well-recognized Microsoft Dynamics ISV providing solutions and expertise within Banking, Cash Management, and Treasury Automation for Microsoft Dynamics customers world-wide.
Please submit resumes to CAREERS@SKSOFT.COM
Job Description
As an SK Global Business Consultant, you will use your expertise around Banking and Finance in Microsoft Dynamics 365 and Microsoft Dynamics AX to help lead and guide our customers through the planning and implementation stages of our Banking and Treasury Automation Suite for Microsoft Dynamics AX/D365.
You will be part of our overall Services Team, working with some of the largest Microsoft Dynamics AX implementations in the world. You will have plenty of opportunities to work on both local and international projects.
Your expertise will be needed around presales activities, implementations, project management, product support, as well as providing input and feedback to our Product Development Team to constantly improve our solutions.
As a Consultant, you will be working closely with the Services Team, the Product Development Team, Support Team and Sales. You will be reporting to our Services Manager/Director of Sales & Marketing. You will take over direct customer engagements that need immediate attention in our US Market.
Your Profile
Personality matters. You are a driven person, capable of working independently and one who will not sit around and wait for instructions. In other words, you are a self-starter who loves challenges.
We are looking for an individual with at least 2-3 years’ working experience with Microsoft Dynamics AX/D365 Financials areas, either as a Consultant or as an End-user. We will train you within our solutions, and do not require experience with specific Banking or Treasury systems.
Experience with one or several of the following areas of Microsoft Dynamics AX Financials is a plus;
General Ledger
Accounts Payable/Vendor Payments
Accounts Receivables/Customer Payments and Collections
Bank Statement, Reconciliation and Closing Period experience.
Bank & Cash management, incl. Bank Communication
Dynamics 365, Dynamics AX 2012, or Dynamics AX2009 experience.
“Finding a global player was very important to us, as we are a global player as well,”
– Camilla Tornø, MCI.
Maersk Container Industry (“MCI”) develops, manufactures and provides an array of different container types and sizes for Maersk and is active in business on a global scale, including within the U.S., China, the Netherlands, Singapore, South Africa and beyond.
When it came time for the container producer to select a new enterprise resource management system, it
had several critical requirements that needed to be addressed.
SK Global Software is one of the first and only banking service providers to offer cloud-based Banking Automation services for Microsoft Dynamics 365.
Challenge
“SK Global made everything easy,”
“We look forward to a direct relationship.
– Camilla Tornø, MCI.
Before partnering with SK Global Software, MCI used a legacy ERP system that hadn’t been updated for seven years. The company didn’t have the option to upgrade the older software and instead needed to find a beneficial replacement.
MCI executives had to make the decision between using the basic features provided by the out-of-the-box Microsoft Dynamics software or work with SK Global Software to ensure that the ERP could integrate and function with the global banks MCI had partnerships with.
The company’s legacy software had never been fully implemented within the organization, and employees had to leverage manual workarounds using paper spreadsheets alongside the digital system.
Solution
Because the solution is cloud-based, MCI now enjoys consistently fast performance at all of its locations.
In order to address these needs, MCI turned to SK Global Software and its Banking Automation Suite for Microsoft Dynamics 365.
Initially, MCI rolled out SK Global’s Microsoft Dynamics 365 Banking Automation Suite at two of its
production locations in China, with subsequent deployments taking place in Chile and at the company headquarters in Denmark.
Currently, Vendor Payment automation capabilities are live at two of MCI’s China sites, as well as in Denmark.
Results
“ They no longer have to worry about what bank they work with locally – all they have to do is point out the bank, and SK Global Software will take care of establishing the integration,”
-Jonas Andersen, SKG
As a worldwide organization, finding a solution provider that could offer the required ERP features and help facilitate streamlined integrations with local and global banks was a challenge.
Thankfully, MCI found everything it needed in its partnership with SK Global Software.
Download and Read the full Case Study
Feel free to download the full PDF version of the Case Study via the link below.
Are you interested in seeing the solution for yourself, and understand how we can support your organization around Banking and Treasury Automation for Microsoft Dynamics 365 and Dynamics AX?
Then please fill out the Contact Form below and an SKG representative will be in touch with you soon.
Contact
AFP 2017 Treasury & Finance Conference
15 – 18th October 2017, San Diego, CA.
Schedule an appointment to get to know us, our solutions and expertise. We are specialists in Banking & Treasury Automation for Microsoft Dynamics 365:
Treasury Automation Suite for Dynamics AX + Dynamics 365 for Finance and Operations
Banking Automation Suite for Dynamics AX + Dynamics 365 for Finance and Operations
Banking Essentials Dynamics AX + Dynamics 365 for Finance and Operations
Revenue Automation for Dynamics AX + Dynamics 365 for Finance and Operations
Will you meet us at this years AFP 2017 Conference in San Diego, Califonia? The AFP 2017 Conference will be held from the 15-18th October in the San Diego Convention Center. Join thousands of treasury and finance professionals at the San Diego Convention Center for inspiration, education, and connections that will transform your career and your organization. The AFP 2017 program is created by a group of corporate practitioner peers, with the goal to create an educational agenda that addresses the challenges, trends and innovations in the Treasury and Finance profession. Sign up for AFP 2017 here, AFP 2017 San Diego.
What is waiting for you at this event? The newest trends and insight to innovations around key topics such as;
Payments
Global Treasury and Finance
Financial Planning & Analysis
Treasury Management Systems
Risk Management, and more
We will meet with 6,500 other peers. If you are interested in joining this year’s AFP 2017 Conference, you can see the Cenference Overview, Sessions and Track events, Here.
If you want to be sure to get an Onsite Demo while at the Conference, sign up below now!
Are you interested? Book an appointment with SK Global NOW!
The SK Global Software Banking & Treasury Automation Suite is updated, ready and compliant with the newest Release for the Microsoft Dynamics 365 Operations “Spring Release”.
Do you have access to our Partner Portal? Here you may find the newest release ready for download.
Look for the Treasury Automation Suite Version 9.1.2.72
If you don’t have access to our Portal, let us know and we will help you.
What’s new or changed in Dynamics 365 for Finance and Operations?
For a full review of What’s new or changed with the Spring Release, please see Microsoft’s Statement here.
Do notice that with this update, “Dynamics 365 for Operations” is being renamed to “Dynamics 365 for Finance and Operations, Enterprise Edition”.
Staying current with the Banking and Treasury Automation Suite
As a Microsoft Global Strategic ISV its a core policy for SK Global Software to stay current with Microsoft’s general releases and updates. Our aim is to target a supported release of our software within thirty days of a major Microsoft release, where the release requires a new compatible build of our product.
Want to see what our solution can do for you? Schedule a Demo today!
See our new features for yourself – our feature releases in 2017 will take your Accounting, Finance, and Treasury Team to the next level of automation.
The newest Banking and Treasury Automation Suite features are available for Microsoft Dynamics 365 for Finance and Operations and Microsoft Dynamics AX 2012.
Contact
In SK Global Software we are pleased to announce, that we have got, in recognition of our outstanding achievements in sales and service excellence, to be part of the Microsoft Inner Circle 2017.
Why is this an honor?
It is a great honor because this membership recognizes the Microsoft Dynamics partners from around the world, not only based on an outstanding sales performance, but also the critical impact on the success of customers. Inner Circle members have performed to a high standard of excellence by delivering valuable solutions that help organizations achieve increased success with Dynamics solutions.
What is the Inner circle?
The Microsoft Dynamics Inner Circle represents an elite group of the most strategic Microsoft Dynamics partners from around the globe, with sales and delivery achievements that rank them in the highest 1% of the global partner ecosystem, which SK Global Software is now part of.
Innercircle Summit
We are glad to inform, that with this new membership, SK Global Software is participating in the 2017 Innercircle Summit, where only the top 60 global partners and the Microsoft Executive Management share visions, ideas and experiences.
The summit takes place in Quebec City, Quebec from 17th – 20th September 2017.
Become part of a global ISV team – Specializing in Banking & Treasury Automation for Microsoft Dynamics 365/Dynamics AX
Do you thrive in a fast-paced working environment, and do you enjoy being in demand, providing value to clients? We are looking for a Junior Developer to work in our Findlay, Ohio office. If you would like to join a team where your input and experience matters, now is a great opportunity.
SK Global Software is a well-recognized Microsoft Dynamics ISV providing solutions and expertise within Banking, Cash Management, and Treasury Automation for Microsoft Dynamics customers world-wide.
Please submit resumes to CAREERS@SKSOFT.COM
Note: We are only considering candidates who are willing to work in our Findlay, OH office at this time.
Job Description
A junior developer is responsible for maintaining existing product releases, new feature development and working with our support team to solve customer issues. This role requires strong debugging and problem-solving skills. You will be a key part of the team and will be responsible for delivering high-quality solutions and always be looking for ways to improve products and processes.
Skills required:
• Technical skills in programming languages (C#, VB.Net, HTML5)
• Knowledge of Microsoft SQL Server or database concepts experience
• Object-oriented development
• Software Development and Design knowledge or experience
• Familiar with Source control systems and processes
• Proficient with Windows and Microsoft Office tools
• Strong diagnostic and problem-solving skills
• Knowledge of development in Microsoft Dynamics 365 for Enterprise and Operations (aka Microsoft Dynamics AX) a plus
• Knowledge of Accounting and Accounting/ERP systems a plus
Responsibilities include:
• Develop software that meets the requirements of customers
• Provides estimates on work
• Use source control system to maintain code history
• Use issue tracking system to communicate work
• Unit test all work to ensure it is high quality
• Participate in code reviews
• Review product designs and provide feedback
• Understand customer requirements and develop a plan to achieve objectives.
• Make good, timely decisions.
• Contribute creative and innovative ideas for improving processes or products.
• Occasional travel may be required.
Education & Experience:
• Bachelor’s Degree in Computer Science
• 0-2 years experience
It is now easier than ever for companies to reach a global audience. There aren’t as many barriers standing between businesses and their clients, and goods and services can be delivered nearly anywhere.
This doesn’t mean, though, that multinational organizations don’t face unique challenges, and this is especially true when it comes to their accounting and banking needs. Enterprises that provide services in more than one country must have a robust support network in order to make these global transactions work.
Global banking relationships: Technology integration
“Enterprises that provide services in more than one country must have a robust support network in order to make these global transactions work.”
Among the most critical considerations here are the relationships multinational businesses maintain with their banking partners. Companies must have partnerships with both large, expansive banks, as well as smaller, local banks, depending upon their operations and geographic regions they serve. As Treasury Practice Lead Craig N. Martin wrote for the Association for Financial Professionals, managing these relationships can be a challenge.
“Fundamentally, there is an underlying tension between having a wide enough banking group to provide all the services required and a small enough number of banks that can be managed efficiently and rewarded appropriately,” Martin noted.
Not only is this a time-consuming process – which, as Martin pointed out, grows exponentially more time-intensive as the number of banking partnerships an organization has increases – but maintaining these relationships is also incredibly complex.
One way to address these challenges head-on is with an automated banking solution that supports robust integration. In this way, multinational and global organizations can create more effective connections with their banking institutions, enabling important automated functions like vendor payment and customer payment, which we’ll discuss further below.
This level of integration is imperative for global companies. Capabilities like this can considerably simplify management of banking relationships, while also cutting down on the time it takes to reconcile payments – a benefit for business user accountants, their banking partners and the company’s customers.
Streamlining payment with automation
As noted above, automation is key when it comes to supporting global transactions. In the past, critical functions like cash management, vendor payment and customer payments were all done manually by a company’s internal finance team. This wasn’t just considerably time-consuming – it was also problematic for vendor partners and clients as they waited for payment to be matched up and reconciled.
Thankfully, these challenges can be addressed with advanced automation, like that provided by SK Global Software’s leading banking and treasury solution. Global companies should seek out technology that offers:
Unattended reconciliation as well as customizable matching and mapping capabilities for cash management.
Printed check protection and email notification for automated vendor payments.
Auto-matched invoices for processing automated customer payments.
Multinational companies supported by treasury solutions that include these automated functions put themselves in the best position to streamline payments to customers and partners, prevent delays and increase overall satisfaction.
SK Global Software
Staunch security
Finally, multinational companies seeking to better support their global transactions must have robust security and risk management capabilities. In the current threat environment, any company can be a target for hackers, especially those with larger revenue streams spanning multiple countries.
For these reasons, global businesses must have an automated banking suite that includes security for processing payments according to PCI DSS standards, as well as protection against fraud. These measures can help guard against data breaches and fraudulent activity, ensuring that file and payment transfers are safeguarded and customers as well as business finance managers have peace of mind.
Managing global transactions can be a challenge, but with an automated banking solution that supports integration as well as security, multinational companies can put themselves on the path to success. Contact SK Global Software today to find out more.
Going to Microsoft Ignite 2017?
Great, so are we! Meet SK Global Software at Microsoft Ignite 2017 to learn more about how the Banking and Treasury Automation Suite for Dynamics 365 Operations can benefit your organization. Please schedule an appointment already now, at the bottom of this page. We are looking forward to seeing you!
Microsoft Ignite 2017 is a great networking event, with access to the latest technical news and training where you can discover new innovative tools and solutions of the future. Stay ahead of the game, as you network with and draw on expertise from other experts within your own field. Experienced Microsoft Dynamics users and partners will lead instructional sessions, showcases, and how-to’s, focusing on past and current versions of Dynamics 365, Dynamics AX, Dynamics NAV, Microsoft CRM, and Power BI, and much more.
We have recently released the Banking and Treasury Automation Suite for Dynamics 365 Operations Version 9, this is a major update, with significant feature and product additions. If you haven’t yet, please check our post here for more details. At Microsoft Ignite, you have the chance to see the newest features first-hand. Our solutions and expertise cover the following areas:
Treasury Automation Suite for Dynamics 365 Operations
NEW SOLUTION: Credit Card Advantage, handle Credit Card Payments directly from within Dynamics 365 Operations !
Access 1,000+ hours of content at Microsoft Ignite, 700+ sessions, insights and roadmaps from industry leaders, and deep dives and live demos on the products you use every day. Browse 100’s of sessions and start planning ahead; Plan your session here.
Explore the Expo: Get your questions answered from the people who built the products you use everyday. Talk with partners and get free swag! So make sure you will connect with our techies and sign up today and get updated on our solutions and latest updates and learn from peers tackling similar challenges. Share best practices and come home with new ideas.
Meet SK Global Software at Microsoft Ignite 2017
SK Global Software is once again ready to announce a major update and release of the leading Banking and Treasury Automation Suite for Dynamics 365 Operations and Microsoft Dynamics AX.
The new release of the Banking and Treasury Automation Suite, Version 9.1, includes significant feature updates to existing modules as well a brand new product launch added as an optional module within the suite.
The new product, Credit Card Advantage, enables easy and extensive handling of Credit Card Payments with access to numerous payment gateways directly from within Dynamics 365 Operations and Microsoft Dynamics AX. This new product addition lines up naturally with our already existing module ePay Advantage, extending upon the same architecture for taking and automating Credit Card payments within your organization.
The new product and feature additions continually establishes SK Global Software as your one-stop-shop for expertise and solutions for handling and executing Payments- and Reconciliation processes in Dynamics 365 Operations and Dynamics AX.
To help you get an overview of the extensive list of features and updates added, we are happy to present you a quick overview of the most essential updates right here:
Direct Debit
We have now made it easier for you to take full advantage of your Direct Debit arrangements. Enjoy the increased efficiency by automatically withdrawing agreed funds directly from your customer’s bank account. By lowering the number of late payments and avoiding chasing customers can be a significant efficiency gain for most organizations.
With our recent updates you can now manage your Direct Debit Mandates (Agreement to withdrawing funds) within Dynamics 365 Operations. We help ensure your direct communication with your bank(s) or other payment processors, and have added additional validation check-points to increase your efficiency and security when submitting fund withdrawal instructions to the processor.
Did something unexpected happen during the posting of the transaction? Don’t worry, you can unwind/reverse a Direct Debit withdrawal instruction with a one-click button function. Easy!
Key functionality of our Direct Debit module includes, but is not limited to:
Enhanced Direct Debit Mandate support
Enhances Validation of bank formats and field validation during setup
AR Journal exception reporting and field validation
Return file support
Email advice/remittance templates. For instance, add payment currency and invoice currency as variables. You may also add the payment date optionally.
Full Reversal of posted payment transactions
The Direct Debit module is available within the Banking and Treasury Automation Suite for Dynamics 365 Operations and Microsoft Dynamics AX.
Credit Card Advantage
Our new solution for safely handling and processing Credit Card payments from within Dynamics 365 Operations and Microsoft Dynamics AX!
Our newest offering of the Credit Card Advantage solution is now available in our Banking and Treasury Automation Suite for Dynamics 365 Operations and Microsoft Dynamics AX.
This solution enables your organization to easily take and handle Credit Card payment processing from within your system.
With already established direct access to numerous major payment gateways you are ensured the most extensive credit card solution offering in the Microsoft Dynamics channel, trusted by more than 1,500 Microsoft Dynamics companies.
Notice that effective January 1st 2018, Microsoft will discontinue their standard Dynamics Online Payment Services offering, and, in order to mitigate potential business impact is recommending customers to consider payment solutions provided by Microsoft Dynamics ISVs. You may find the official statement via the following: External Link: Microsoft Community Announcement
With Credit Card Advantage you can safely process credit card payments from within several Dynamics 365 modules, e.g. from the Sales Order or the Call Center area. The authorization and processing of payments is safely handled by the cloud based PayFabric engine, which is already handling credit card transactions for more than 1,500 Dynamics customers today enjoying automated and safe payment processing.
Credit Card Advantage and the PayFabric engine is built for and in the cloud, with safe storage of credit card details that can be managed by the customer himself. This allows your staff to leverage a hands-off approach, which combined with the safe storage reduces your PCI compliance scope.
Some of the Key Functionality for Credit Card Advantage includes;
Fully integrated payment solution for Dynamics 365 Operations and Dynamics AX
Processing of Credit Card payments from the Sales Orders or Call Center module.
Safe cloud-based processing of payments via PayFabric
Supports numerous Payment Gateways: WorldPay, CyberSource, PayPal, ChasePaymentech, First Data, and more. These connect to over 70 payment processors! (Ask for the full list)
Supports Level 2 and Level 3 transactions
Allows you to be independent of Payment Gateways
Reduce PCI compliance challenges
Notice that our two modules Credit Card Advantage + ePay Advantage in combination offers a very comprehensive payment solution, with an Online Invoice Presentment Portal, Easy customer self-service handling of Credit Card details (for easier PCI compliance!) and Safe Payment Processing, as well as Automated Reconciliation of payments – all automatically synchronized and safely processed in Dynamics 365 Operations and Microsoft Dynamics AX!
ePay Advantage
ePay Advantage has been updated to version 6.01, also available in the Banking and Treasury Automation Suite for Dynamics 365 Operations and Microsoft Dynamics AX.
Online Invoice Presentment Portal
Automated billing process: Invoices from Dynamics 365 Operations/Dynamics AX are posted to the Online Invoice Presentment Portal, notifying your customer at the same time.
Customer has 24/7 access to Invoices and can submit payment anytime by Credit Card, Debit Card, Bank Transfer, and more.
Customer can manage their own wallet – submitting credit card details stored safely in the cloud.
You enjoy a hands-off approach with no credit card details stored locally – making your PCI compliance a breeze
Payment processing is safely handled and synchronized real-time with Dynamics 365 and Dynamics AX.
Enterprise Bank Reconciliation
We have taken our Bank Statement Reconciliation module to a whole new level.
With the Banking and Treasury Automation Suite for Dynamics 365 Operations, you enjoy fully automated bank statement reconciliation across the entire organization, including all business units, any number of bank accounts, in any country, with any bank.
Among the many new updates we have added a new Bank Statement Screen where your automated import of bank statement files will check for missing statements, duplicate statements, and more. We have also added significant new advanced sub ledger creation rules and advanced settlement features that allow for an even higher degree of matching of transactions and reconciliation of bank accounts.
Enjoy immediate return on your investment with company-wide automation, easily handling high volume transactions and any number of bank accounts.
Some of the Key Functionality for Enterprise Bank Reconciliation includes
Matching Hit Rate %: Get an immediate indicator of how many of your transactions was matched automatically – and as you perfect the matching rules and criteria for your organization, see this go up day by day.
Improved Matching of Unstructured Data:We have enhanced your ability to match unstructured data significantly. Now you can even drop in your own data unstructured data to our new Analyzer Section and let our advanced logic settle thousands of invoices and payments in an instant. See below
New Analyzer Function: The new intelligent analyzer function will help you match transactions more easily. Analyze imported data, even copy/paste data into the Analyzer from a separate document manually, or type it in and let the Analyzer do its magic. No data limitation here!
Improved GL Reconciliation: Reconcile against GL, Customer, or your bank.
Statement Monitor: We have added a new Statement Monitor, checking for bank statements that have been imported, that are missing, or have been duplicated. If you receive just a few statements, or hundred of statements – this gives you an easy overview IF anything is missing and why.
Notice that you will be able to run Bank Statement Processing and Matching of Customer Payments as one single process, and as two separate processes – a separate process may be desired for team purposes, due to types of payments received (Checks and Lockbox functionality needed, etc). We offer both options in the Banking and Treasury Automation Suite for Dynamics 365 Operations and Microsoft Dynamics AX.
Vendor Payments
And finally we have also improved our Vendor Payments processing. With even more validation points we are automatically checking that the correct information is being submitted to your bank for a successful transaction. This makes the payment processing more efficient, avoid waiting for days for the bank to tell you if the transaction went through. You know the correct information was submitted as you processed the payment – Increased efficiency and improved security!
Even if something unexpectedly happened or you want to undo your transaction. That is now easy, we have added a clever One-button feature to unwind/reverse a posted transaction with the click of a button. Now that is easy!
Improved transaction validation
Security ensuring bank account information is correct
One-click-reversal! Did something go wrong, or the payment didn’t go through? Unwind the whole transaction with just 1 click.
Fully integrate your Accounts Payable and payment processing to your bank(s) via the Banking and Treasury Automation Suite for Dynamics 365 Operations today and enjoy a fully automated and streamlined payment execution process!
Want to see it for yourself?
Schedule a demo with us today!
There is a lot to take in, but think about the efficiency you can gain. Take your Accounting, Finance, and Treasury Team to the next level of automation.
The new Banking and Treasury Automation Suite Version 9.1 is available for Microsoft Dynamics 365 Operations and Microsoft Dynamics AX 2012.
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Compliance with the Payment Card Industry Data Security Standard has long been an important part of security planning for businesses. Now that instances of fraud are higher than ever, though, this critical standard is something that companies simply can’t overlook.
There are a number of essential strategies organizations should have in place to prevent fraud, and many of these are built right into PCI compliance. In this way, a compliant business is considerably safer from risks of fraud. Let’s take a look at how PCI standards support efforts to stop payment fraud, as well as the ways in which your business can take this initiative a step further.
1) Holding all organizations responsible
Before PCI DSS was instituted in 2004, there was no existing universal standard that held organizations responsible for the security of sensitive payment details. While many merchants and financial service providers had previously made efforts to safeguard this data, PCI DSS created an overarching standard that holds every entity dealing with cardholder details – including all businesses and service providers that transmit or store this information – to the same, staunch standard.
“A compliant business is considerably safer from risks of fraud.”
In this way, every organization is on the same page, and there are no gaps in security between merchants, financial institutions or other groups that deal with payment card information. This reduces opportunities for malicious activity and fraud.
2) Ensuring encryption for sensitive payment data
The PCI Security Standards Council explained there are very specific security measures required for organizations that store, transmit or in any way deal with cardholder information. One of the most important is encryption. This advanced protection technology ensures that even if an unauthorized individual is able to access a system used to store or transmit sensitive payment card information, this user will not be able to read or use that data for fraudulent purposes. Encryption measures make data illegible to everyone except those with access to the decryption key.
In addition to encryption, organizations must also:
Configure and maintain a robust firewall.
Utilize strong password protection.
Leverage anti-virus programs and ensure regular updates.
Track and monitor access to the network underpinning cardholder data systems.
These protection measures work together to prevent this critical data from falling into the wrong hands.
However, some PCI-beholden organizations prefer to use a cloud-based structure wherein cardholder details are kept off-site, and the business stores an encrypted token within its on-premise architecture. In this way, information is securely protected and inaccessible to unauthorized users.
3) Motivating with non-compliance fines
PCI DSS includes several key requirements an organization must meet before it is considered compliant. These include:
Assessing the data an institution deals with as well as the protections in place to safeguard it.
Addressing any vulnerabilities that might allow for unauthorized access to payment card details and fraud.
Reporting on these efforts to governing bodies.
In order to fully ensure every business dealing with this sensitive information remains compliant and vigilant against fraud, PCI DSS also includes fines for organizations found to be non-compliant. According to Focus On PCI, these can range from $5,000 to $500,000 – not including other costly breach consequences – depending on the severity of the event.
PCI compliance fines can have a big impact on the bottom line.
Going beyond PCI with an automated solution
In addition to the important standards included in PCI compliance, organizations can take their protections a step further with an automated software solution that bolsters fraud prevention. This kind of technology helps ensure fully secure file and data transfers, and provides a compliant framework for credit card payments. Use of a solution like this, alongside PCI requirements, is one of the best ways to help stop fraudulent activity.
To find out more about how an automated solution can benefit your organization in the fight against fraud, contact SK Global Software today.
