Got Microsoft Dynamics ERP? NAV or Dynamics 365 Business Central (BC)? They’re our specialty. We’ve been a NAV partner for close to 25 years. So, offering Dynamics 365 Business Central, which is primarily based on the codebase for Microsoft Dynamics NAV, was a logical progression.
As early adopters of both NAV and BC, Liberty Grove Software is in the perfect position to talk to you about optimization and streamlining. It’s what we’ve been doing for our clients since 1996.
Let’s talk about the benefits of setting up ACT/EFT
As a finance professional, you already know that ACH stands for Automatic Clearing House, while EFT means Electronic Funds Transfer. Both refer to money transfers from one account, or bank, or place to another. Both are ways to simplify the process of moving money. There are some differences between the two, but we often look at setting up both for optimal results. The benefits include the ability to:
Redirect manpower to more critical functions
Reduce transaction costs
Add security to every transaction
Reduce the environmental impact
Let’s talk about the benefits of lockbox deposits
Lockbox systems help businesses collect payments more efficiently. Instead of handling incoming payments yourself (and waiting for those payments to move through the mail), payments go to a virtual lockbox. The bank can collect those payments, capture information about the transaction for your record-keeping purposes, and put the money into your business account.
Both NAV and BC offer lockbox management systems that are streamlined and optimized for efficiency.
Let’s talk about the benefits streamlining and optimizing bank reconciliation
We honestly don’t have a single client who hasn’t already automated their bank rec. It’s a no brainer decision, and it’s an integral part of the financials that come with NAV and BC. But in case you have any doubts, here are the benefits of automated bank rec:
Eradication of reconciliation errors
Consistent exception management
Reduced financial risk
Removal of skilled employees from repetitive administration
Improved and consistent dispatch performance regardless of business volume
Need to automate foreign exchange?
We’ve got that covered for you, too. And it’s a huge time saver.
Take the next step