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Electronic Payments Microsoft Dynamics NAV3 Benefits of the Improved Dynamics NAV 2015 Electronic Payment Management

Microsoft Dynamics NAV 2015 Cash Management has 3 top benefits for improving the process of creating and managing electronic payments. The improved Payment Journal and Credit Transfer Register features offer tighter integration.

The improvements enable users to better manage the payment creation process based on detailed information about previous payment exports. Users that do not want to post payments until they have actually been processed at the bank can more efficiently control which open vendor documents to pay and avoid paying vendors wrongly or paying duplicate amounts. Also, the information about previous payment exports makes partial-payment scenarios easy to manage.

Finally, more information about the payment history is now being stored, which provides better control of the payment process and makes it possible to re-export payment data to electronic files.

3 Top Benefits of Electronic Payments in Dynamics NAV 2015:

1. Better control when creating payment proposals

Detailed information about previous payments export(s) is stored on open vendor documents. This makes partial-payment scenarios easy to handle. Also, users that do not want to post payments until they have actually been processed at the bank can efficiently control which open vendor documents to pay and thus avoid paying vendors wrongly or paying duplicate amounts.

2. More data available about payment export history

More information about previous payment exports is stored, which provides more possibilities to control and audit the payment process.

3. Re-export is possible from the register

Easy to recreate a payment file, for example, when a file turns out to be corrupt or has been misplaced.

Learn more about all of the Features of Microsoft Dynamics NAV 2015

Visit our White Paper Page on Microsoft Dynamics NAV 2015

About iCepts Technology Group, Inc. Middletown, PA

We are a Microsoft Dynamics NAV Partner offering implementation, service, and support for Microsoft Dynamics NAV in: PA, DC, DE, MD, NC, NJ, NY, OH, VA, WV, and the entire Mid-Atlantic Region. We also offer implementation, service, and support for Accellos One Warehouse Management Systems in: PA, DC, DE, MD, NC, NJ, NY, OH, VA, WV, and the entire Mid-Atlantic Region.

As experienced SCM, WMS and ERP consultants and value added resellers (VARs), we provide start to finish services for the solutions we represent Microsoft Dynamics NAV for Distribution and Manufacturing, Accellos Warehouse Management System (WMS), Server virtualization, open source VOIP phone systems and infrastructure and security. We provide services that cover process analysis, implementation, training, security and networking. Naturally, we also provide full ongoing support for years after implementation to help our clients succeed. We are your one stop shop for your business technology needs.

Phone 717.704.1000
Email info@icepts.com

By Greg Miles - iCepts

Another version of this blog was posted Dec 9th, 2014: 3 Benefits of Electronic Payment Management in Dynamics NAV 2015

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