Payment Connect
Automate you accounts payable processes by integrating Dynamics 365 with an AP payments platforms (Release - 2020 Q3)
Fully automate your AP Processes
Payment Connect is built to connect Dynamics 365 Finance with all the major payment providers in the market, allowing you to fully automate the AP payments with increased security and enhanced fraud control. It comes with a fully-fledged error management area, allowing for error handling and resolution to be handled inside
The product allows you to process and manage the data the way you prefer it. You can activate a direct API integration which is provided in our Direct Connect module or you can use you own integration platform.
Some of the functionality that’s included in the product is.
- Payment file type that’s able to be consumed by payment systems
- Increased visibility on payment status throughout the application
- Automatically update payment status in Dynamics 365
- Integration monitoring area
Challenges
Admin heavy processing of payments between the finance system and the bank portals
Manual processing introduces fraud and security risks
Multiple different bank portals for many global companies
Multiple payment file formats has to be managed
No central visibility of payment statuses
Ideal Solution
A payment platform that can automate payments between the finance system and banks
Remove human intervention from payment process
Use one standardised payment format
Bidirectional communication so payment status can be seen in the finance system
Target Outcomes
Free up time spent on processing payments
Increased security and compliance
Reduction in overall cost of managing payments
Gain better insight and control with payments
Prevention of fraudulent transactions
For verified solution providers, we provide full documentation including recommended mappings, on how to setup the expense system and Expense Connect in AX2012 & D365 Finance and Operations.
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