Unlock Next-Level Efficiency with Automated Bank Reconciliation

Simplify accounting for P-Card expenses within the Dynamics 365 environment. SKsoft solutions streamline the import process, reducing manual effort and potential errors associated with data entry. Support for multiple file formats and configurable mapping options ensure compatibility with various third-party systems and customization according to your specific needs. With image support included, you can maintain thorough documentation alongside transactions, further enhancing transparency and auditability.

Transfer ownership of overseeing, comparing, and managing accounting records to an automated system that can spot errors in a matter of seconds. When accounting administrators and controllers are no longer saddled with time-draining manual reconciliation, they are free to direct their attention to more value-added activities like surfacing and fighting fraud.

SKsoft’s automated bank reconciliation and settlement features include:

Automate credit card reconciliation functionality directly within Microsoft Dynamics 365. Improve collaboration, visibility, and accuracy by automating transaction record-keeping and data synchronization within a single, centralized system. SKsoft’s fully embedded credit card reconciliation module uses a rules-based engine to surface and display discrepancies, enabling your accounting teams to quickly identify and isolate transactions that don’t match your ERP. After importing your daily credit card settlement report, our solution matches the imported transactions to the payment record within your ERP, matches the settlement deposit, and can automate the recording of credit card fees.

Avoid the hassle of creating vendor associations to customers just to issue reimbursements. SKsoft’s customer reimbursement features have streamlined the reimbursement process to make it easier to initiate and manage reimbursements. Rather than pushing invoices or reimbursements from accounts receivable to accounts payable in your organization, our reimbursement module allows customers to reimburse directly from the native customer data.

You have the ability to specify how your customer reimbursement will work – things like default method of payment, payment specification, minimum amount for reimbursement, and number of days to reimburse.

You also have the option to include customer invoices or allow overrides on payment proposals. After defining your general guidelines for these procedures, you can continue the process with the customer reimbursement journal in your accounts receivable section.

Resolve the challenge of creating payments journals, settlements, processing lockbox files and other types of customer payment files and applying payments manually to customer invoices. SKsoft’s AReSettlement module connects your Microsoft Dynamics 365 platform directly to all your financial institutions. Our advanced banking automation solutions accelerate your incoming cash flow by importing your bank’s proprietary lockbox file, matching the payments up against your customer’s invoices and then processing the payment application batch.

Payment remit automation solves the issue of payments getting separated from the remit advice that shows how that payment is settled. This module uses OCR technology to scan incoming remit emails and turn those into data in D365. When a bank statement containing electronic customer payments (ACH, wires, etc.) is imported, the import process can then combine that stored remit advice data with the incoming payment lines on the bank statement to automatically settle those payments. Payment remit allows the separation of the payment settling process from the rest of the bank reconciliation data to facilitate proper segregation of duties. At the same time, because payment remit automation is closely tied into the bank reconciliation process, once a payment is settled, the corresponding statement line is automatically cleared as well.