Online Banking
Manage your payments |
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This module is a proprietary Seetech solution which automates the processing of bank transactions. It enables bidirectional electronic data exchange between the Microsoft Dynamics NAV system and most online banking systems available in the market.
This module is mainly designed for the purposes of accounting and financial departments which handle bank transactions. The underlying principle behind this solution is to simplify and shorten the time spent on payments processing as much as possible and to minimize the number of mistakes made when manually filling bank transfers forms and account statements.
The module is intelligent – it automatically collects data concerning incoming and outgoing bank transfers and it stores the data in the Microsoft Dynamics NAV system. The module has the ability to learn – it records the data of your clients based on the previous bank operations.
Each type of transaction can be defined and entered in your own dictionary of bank transfers. The module will be able to recognize a given type of bank operation (e.g. bank commissions, credit card payments, account maintenance fees) when processing account statements. Then, it will match such operation to a given pattern of accounting operations and suggest the appropriate account assignment. Moreover, the module user will be able to add new templates to the list of predefined bank operations. Owing to the flexible configuration, the user may customize the module so that it meets the user’s individual needs.
Online Banking module works with the majority of banks operating in the European banking sector. The module can also be configured to work with custom file types used by other financial institutions. Another advantage of our system is that you can check whether there are any outstanding payments to be suggested for inclusion in the outgoing transfers. The module expands the standard functionality of the system which relies on the information on settlements with suppliers, as well as on registered bank operations, with additional information available in the Online Banking module. Owing to this, an operation included in the queued payment instructions will not be suggested for payment twice. This will help you avoid making multiple payments based on the same invoices.
A sample Online Banking module. The clear user interface asks the user to input necessary data in the right fields only once. With any following transaction, the fields will fill in automatically based on the information previously entered into the system.
| Increased work efficiency | Accelerate and optimize the process of booking outgoing and incoming payments. The time you save can be allotted for managing other aspects of your business. |
| Automated cooperation with banks | Automatically download your bank account statements and book them on the predefined accounts in accordance with the defined patterns. |
| Standardized payments | Work more efficiently thanks to the mechanism of automatic generation of suggestions of payments to your suppliers. |
| Bank transfers optimization | Have ongoing access to updated information on your bank accounts balance and plan your bank transfers efficiently. |
| Easy customization | Do not let yourself be fully dependent on your financial institution. Our module allows you to work with any bank you choose to work with. |
Benefits
- We will facilitate the work of your accounting and financial department. Your employees will only have to verify the bank transfers suggested by the system and check the account statements data
- We will save your employees’ time. The system will automatically generate bank transfers and import account statements. It will obviate the need to manually transfer the data from the account statements in the system to the bank application. The collected account statements will be automatically settled with the account records in the Microsoft Dynamics NAV system
- The system will suggest payments to suppliers. Based on the information gathered by Microsoft Dynamics NAV from your company departments, the module will remind you of any due payments and amounts of such payments
- We will provide you with a functionality which allows you to adjust the data exchange process to the specific requirements of your bank. The system works with the majority of European banks as a standard feature
- We will offer you a dictionary of bank transfer definitions. The moment the module downloads data from the bank, it identifies the operation previously entered in the dictionary and automatically suggests the bookkeeping account and dimension of the transaction.
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