Microsoft

Version

2.60 released November 2018

Available in the following countries

Denmark

Norway

Sweden

Statement Intelligence

Add-on solution for Continia Payment Management that streamlines the entire process of handling payments by importing account statements, automatic attachment match, settlement of combined payments and automatic creation of deposit slips.

Easy balancing of accounts

Continia Statement Intelligence includes functionality to load electronic bank statements from the bank, which allows your Continia Payment Management solution to easily balance your bank accounts. This simply requires bank statements in electronic form.

The account statement is loaded into Continia Payment Management, which finds the corresponding bank entries – or makes suggestions if there are multiple options. Additionally, proposed counter-entries are automatically created if the bank entry cannot be found, for example deposits, interest, fees and more.

Balancing of debtor payments with few steps

When a given period’s account statement is loaded into Microsoft Dynamics NAV, Continia Payment Management has already closed and posted the entries.

Continia Statement Intelligence then finds all debtor payments, whether via account transfer or another format, including foreign payments, and creates these entries on the deposit slip.

Continia Statement Intelligence also recognizes fixed, recurring items such as bank fees. If there are any unclear entries after reconciliation, such as errors in the notification text, these items can be automatically transferred to a draft where you can make posting proposals.

Easy handling of exchange rate differences

Different currencies are also handled easily and efficiently with Continia Statement Intelligence. When an invoice in a foreign currency is posted, it is registered in your local currency at the given daily rate, and when the invoice amount is transferred to the bank via Continia Payment Management, it will correspondingly be in the specific day's rate.

The payment is sent to the bank with Continia Payment Management and the subsequent bank statement from the bank is loaded into Continia Statement Intelligence, which finds the corresponding bank records in Microsoft Dynamics NAV.

Continia Statement Intelligence registers differences in the price amount from the posted price to the payment price and automatically suggests that journal entry lines are created to post these exchange rate differences on a price difference account.

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