What you will learn with this eBook
Through its integration into an ERP system, the Electronic Banking (E-banking) module streamlines the process of entering and delivering bank transfers. It facilitates an automatic or manual transfer preparation of transfers in Microsoft Dynamics NAV for banks, vendors and customers. Once the transfer has been entered into the system, the user can approve, print or forward it as a file to the banking system or the general journal. Transfers that were forwarded to the general journal are automatically settled against the entries, based on which they were created.
Electronic Banking in an ERP system
Through its integration into an ERP system, the Electronic Banking (E-banking) module streamlines the process of entering and delivering bank transfers. It facilitates an automatic or manual transfer preparation of transfers in Microsoft Dynamics NAV for banks, vendors and customers.
Generating Bank Transfers
E-banking module reduces the time needed to generate bank transfers to a minimum. The user’s role is just to specify open Vendor (or Customer) entries for payment and forward the generated transfer orders to the bank.
Key features and benefits
E-banking is fully integrated into standard Microsoft Dynamics NAV modules. Its implementation streamlines the accounting work and significantly improves its quality.
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Financial statements consolidation, management reports and analytics in ERP system
Global companies apply different methods for the preparation of consolidated financial statements. The following diagram shows four approaches. Spreadsheets are the most common and elementary method. The most advanced approach involves Global Template/core-based implementation of an ERP system in all company subsidiaries (consolidated entities).
ERP system to support global business
As organizations expand globally, their needs and ambitions change due to the scope and complexity of their operations and the challenges they face at the local level.
Electronic Banking
Through its integration into an ERP system, the Electronic Banking (E-banking) module streamlines the process of entering and delivering bank transfers. It facilitates an automatic or manual transfer preparation of transfers in Microsoft Dynamics NAV for banks, vendors and customers. Once the transfer has been entered into the system, the user can approve, print or forward it as a file to the banking system or the general journal. Transfers that were forwarded to the general journal are automatically settled against the entries, based on which they were created.
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