This specialized solution facilitates the yearly debt reconciliation process. It makes the process smooth, easy, and accurate.
Why Does Your Business Need This Solution?
Debt reconciliation is a meticulous and tedious job that has to be done yearly. It is eating up your accountants’ precious time, which could be spent on other, more important tasks. In case your company is a mid-size or large one, and you have a lot of customers and suppliers, this process might take several days or even several weeks.
Would you like your company’s accountants to stop doing technical work and instead do value-adding work? Our automated solution, based on Dynamics 365 for Finance & Supply Chain Management, does everything you need for debt reconciliation. The module is created specifically to make the yearly debt reconciliation process smooth, easy and accurate.
Benefits of Debt Reconciliation Solution for Your Business
This solution will enable your business to:
- Initiate the debt reconciliation process promptly and easily.
- Generate and instantly send the reconciliation acts to all the required customers and suppliers via email in a few clicks.
- Perform all the actions in one system – efficiently and conveniently.
- Save valuable time at work.
Our customer, a retail and wholesale company, has about 500 customers and suppliers to reconcile debts with. Before the implementation of the automated solution, each reconciliation took approximately 10 minutes, so a single accountant would spend more than 180 hours (i.e., 2 weeks) of precious time on this task! Such technical work would cost the company half of the accountant’s monthly salary, i.e., more than 1000 euros!
After the implementation of the solution, the process took about 15 seconds, and all the work was done in 2 hours. Thus, the accountant may spend the saved time on more valuable work and professional improvement.
If you’re looking for additional solutions and modules to help automate various business processes, you can find us on Microsoft AppSource. We also offer specialized services through our Financial Management Solutions and Supply Chain Management Solutions respectively.
