Automate and Secure Your Daily Banking Activities
Connect your D365 platform to all your financial institutions through SKsoft and unlock unprecedented efficiency, visibility, and control. Automating manual banking tasks protects your organization from risk exposure by reducing errors, surfacing anomalies faster, and tightening control over data and transactions. Built by banking experts to serve businesses of all sizes, banking automation software from SKsoft future-proofs your organization by strengthening your financial operations today.
Payment Automation
Issue and receive payments automatically from any bank in any format. SKsoft solutions enable you to issue and receive payments via ACH, wire transfer, bank-printed checks, SWIFT, and more. SKsoft Treasury Automation Suite offers flexible control and automation options, ensuring you remain in command of the process at all times.
Existing library of hundreds of bank-specific payment formats
Ability to develop any format as required by your bank
Secure and automated connections for storing and sending payments to your bank
Automated download and handling of payment responses from your bank
Integrated sending of remit advice email
Multi-company support
Multi-currency support
Seamlessly integrated with D365’s standard payment workflow
Reconciliation and eSettlement
Significantly cut down on the time needed for reconciliation by using SKsoft’s banking automation software alongside your Microsoft Dynamics 365 and Business Central ERPs. Created by our banking specialists, our flexible automation tools let your accounting teams offload labor-intensive tasks so they can concentrate on irregularities that require human intervention.
Reconciliation features:
Sophisticated rules allow automatic journal creation based on statement line descriptions
Advanced matching to support many-to-one (lump-sum) matching
Automated retrieval and import of bank statements
Automated statement creation and setting of ending balance
eSettlement features:
Automated retrieval and handling of Lockbox data from your bank
Ability to match to invoices via multiple reference types (invoice #, sales order #, requisition #, etc.)
Ability to use separate remit advice information to quickly settle payments
Workbench visually separates fully automated settlements from those requiring intervention
Streamlined processing to work with multiple banks, accounts, legal entities from a single form
Banking Automation for Microsoft Dynamics 365 Business Central
Now small to medium-sized businesses can streamline financial processes and bank connectivity to achieve ultimate automation benefits. Complete accounting tasks and communicate with your banks without ever leaving your ERP. With embedded bank connectivity via BankFabric, SKsoft’s bank connectivity platform, SKsoft’s Banking Automation solutions for Microsoft Dynamics 365 Business Central enhance Business Central functionality for vendor payments, bank reconciliation, and positive pay transmission.
Vendor Payment Automation
SKsoft’s Vendor Payment Automation module seamlessly integrates into Business Central to streamline vendor payment processing. Centralizing and automatically transmitting vendor payments within your ERP enables new levels of efficiency and control.
- Supports multiple payment types (ACH, wires) in a single journal without customization required
- Flexible solution adapts to bank formats/requirements
- Transmit payments first, then email vendors after confirmation
- Easily void bad payments, correct payment errors, and retransmit
Bank Reconciliation
SKsoft’s Bank Statement Integration module delivers true embedded bank reconciliation capabilities within Business Central. Through an intuitive interface, you can easily import bank statement data, intelligently match transactions, and post your bank reconciliation with minimal manual work.
- Supports file and API-based data integration to connect to banks via BankFabric
- Retains mappings for future statements, so data flows into Business Central seamlessly
- Customize automation levels, matching tolerances, and import frequency to fit your workflows
- Configure intelligent matching rules for both matching existing transactions and auto-creating needed journal entries.
Positive Pay
SKsoft’s Positive Pay Automation module automates check fraud prevention from within Business Central by quickly generating Positive Pay files containing check details and transmitting them to your banks automatically.
- Supports multiple bank accounts with customizable transmission frequencies
- Flexible Void, Financial Void, computer & manual check options for Positive Pay
Banking Automation FAQs
SKsoft solutions are supported by BankFabric, the engine that powers secure, two-way communication between Dynamics 365 and your financial institutions. BankFabric heightens the security of your sensitive banking information by supporting direct, secure transmission of your files to the bank, supporting signing, encryption, etc. All files are secured and stored within the client account in Azure. SFTP or API Connectivity gives you the ability to securely transfer your files / data directly to the bank without manual intervention. All your payment files are stored in Azure and are easily accessible as needed (with the appropriate user privileges).
Though SKsoft connects Dynamics 365 and Business Central to 160+ banks in as many countries, we will build an integration for you if your bank isn’t currently supported.
Standardized Bank Statement Formats are supported and maintained, such as BAI2 (prior day BAI), MT940, CAMT.053, Norma 43, Multi-Cash, and more.
Banking Automation Insights & Resources from our Experts
Transform financial operations by capitalizing on our team’s decades of experience. Browse expert-authored articles, educational guides, videos, and more.
Ready to Automate Your Financial Operations?
Take a peek into the future of banking and treasury. Request a demo of our automation suite and take the first step toward your financial evolution.