End-to-end payment automation
When approving and sending payments to the bank, you get an immediate receipt for the payment being delivered, always keeping you up to date with the payment flow.
Vendor payments and thorough validation of payment information is handled directly inside Business Central, you minimize the risk of errors and optimize the security around your payment processes.
Every payment, status files and account statements are automatically transferred to and from the bank, meaning that the time-consuming and insecure process of manually handling file export and import to the bank is minimized.
With Payment Management, you get access to a wide range of payment methods and ensure a thorough validation of payment information throughout the payment process.
Complete your bookkeeping
Finally, you can complete your bookkeeping by importing account statements, automatic document match, settlement of combined payments and automatic creation of deposit slips. With the advanced bank account reconciliation functionality, you get a 100% match on vendor payments.
When a period’s account statement is loaded into Business Central, Continia Payment Management has already closed and posted the entries.
All debtor payments are located, whether via account transfer or another format, including foreign payments, and a deposit slip is created in these entries.
Fixed, recurring items such as bank fees are easily handled too. 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.
Direct communication with the bank
The built-in direct communication means that you can automatically import and export payment files to and from the bank. Moreover, you can import bank account statements for the subsequent bank account reconciliation.
Communicating directly with your bank means that you can securely download exchange rates, deposit files, and statements from the bank, as well as load bank account reconciliation files directly into Business Central automatically.
The solution includes direct communication with several banks, however, not all. You can find a list of the banks that enables direct communication here.
IBAN lookup helps you create vendor bank information automatically. Validation through control digits is used as an effective way of reducing failed transactions when processing international and domestic payments. With IBAN lookup, you can generate bank account details based on IBAN numbers automatically.