Continia Payment Management
Continia Payment Management is a new application in the Continia collection that allows you to securely manage payments within Business Central. It’s designed to speed up the process of managing payments and reducing manual errors.
Within Business Central, you can see an overview of credit memos and payments. You can also use one payment journal to manage payments in other currencies and from different bank accounts.
Key Features:
Automatic Reconciliation – Bank statements can be reconciled during import. Establish rules in Business Central to generate journal lines and match ledger entries.
IBAN Lookup – By entering your vendors’ international bank account numbers, you can automatically generate their bank details. You can ensure bank details are correct and IBAN is validated.
Approval Workflow – A secure payment approval workflow can be set up. Approve single or multiple lines. Auto-detect knows where a limit is low enough to not need approval. Bank account verification helps improve security and reduce errors.
Summarise Payments – Reduce banking fees by summarising payments to a single group such as a vendor or customer. This way you will only pay one transfer fee.
Payment Service Providers – Customer transactions and fees from third-party providers can be found in an overview. Match sales orders to customer’s e-payments.
If you would like more information on Continia Payment Management or Business Central, get in touch with one of our experts.