Unlock Next-Level Efficiency with Automated Bank Reconciliation and Cash Application

 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.

• Improves bank statement reconciliation automation functionality
• Provides configurable rules for matching and mapping
• Imports statements automatically
• Supports multiple accounts and legal entities
• Creates reconciling transactions automatically

Automate credit card reconciliation functionality directly within Microsoft Dynamics 365 to improve visibility and accuracy of the credit card reconciliation process. 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. 

• Imports settlement statements automatically
• Automates the recording of credit card fees
• Quickly identifies discrepancies between settlement and recorded
• Handed both gross deposit (fees taken out later) and net deposit (fees taken out of initial settlement) situations
• Gives the ability to handle any discrepancies efficiently

Our PCard module streamlines the recording, accrual, and reconciliation of procurement card transactions within Microsoft Dynamics 365 Finance. Whether your organization manages employee or department-level corporate card purchases through a third-party expense platform, our solution ensures seamless integration and automation—eliminating manual effort and accelerating month-end close. The module includes three core components—Recording, Accrual, and Reconciliation. 

• Automatically imports coded and improved PCard transactions from third party expense platforms
• Creates and posts journals in D365
• Attaches transaction images to journal lines
• Supports month-end accruals for unapproved or in-process expenses
• Enables automated reconciliation of statement files against recorded transactions using a rules-based matching engine
• Flags unmatched items for exception handling and ensures fast, accurate reconciliation
• Reduces manual effort and improves accuracy in every step of the PCard process

Resolve the challenges of manually recording customer payments and settling payments to the appropriate invoices, creating payments journals and recording lockbox deposits.   Process lockbox files and other types of customer payment files and automatically through SKsoft’s AReSettlement module. The 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. 

• Automated retrieval and handling of Lockbox data from your bank
• Workbench visually separates fully automated settlements from those requiring intervention
• Allows systematic handling of short-pays, late discounts and deductions
• Ability to match to invoices via multiple reference type (Invoice#, Sales Order #,Requisition#, etc.)
• Ability to use separate remit advice information to quickly settle payments
• Allows efficient handling of non-customer incoming payments
• Ability to use OCR-scanning to remit advice in an email inbox with payments coming in your lockbox or bank statement

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.

• Allows the separation of the payment settling process from the rest of the bank reconciliation data to facilitate proper segregation of duties
• Synchronizes the cash application process the bank reconciliation process to eliminate duplicate work
• Uses inline information from the bank statement line description and/or OCR-scanned data to automate settlement
• Allows efficient processing of payments needing manual attention