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Celenia Payment Management (Scandinavia only)
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| 18-01-2010 | | Divestment of department tightens focus on core business with Celenia |  | |  |
| 22-01-2009 | | Celenia exhibitor at Microsoft Convergence in New Orleans | | | |
| 01-11-2004 | | Payment Management for MBS – Navision 4.0 | | | |
| | | | | Many organizations still handle bookkeeping and payments in different applications, which means that payment information is often typed two or three times before it is posted, applied and reconciled. This is time consuming and there is a great risk of errors. Celenia Payment Management automates and streamlines your organization’s payment routines as a bank integration module for Microsoft Dynamics NAV. The module handles both domestic and international payments. With Celenia Payment Management, you merely have to transfer payment and account statement files to and from your bank payment program.
BENEFITS: >> Download brochure about Celenia Payment Management in English Two modules
Celenia Payment Management is fully integrated with Microsoft Dynamics NAV and consists of two modules:
Payments & Withdrawals: Basic functionality, supports payments and withdrawals, including all Danish banks’ latest formats.
Reconciliation: Import of bank statements and automatic reconciliation of bank entries, generation of interest and fee lines etc.
The following additional modules can be added:
Swedish formats, which support vendor payments and OCR payments through Swedish banks.
Nemkonto, for sending payments through the Danish Nemkonto system (the bank account a person or a company has registered with the public sector) and paying bills based on vendor’s Central Business Register’s number or social security number. | | | | | | -
Compatible with all Danish banks’ payment programs -
Add vendor payment information -
Automatic generation of vendor payment suggestion -
Thorough validation and error log ensure no mistakes -
Payment statistics -
Manual advice -
Collected payments and vendor payment priority -
Procuration -
Automatic import and application of payments -
Automatic reconciliation -
Simple setup -
Automatic application of entries with Unique Payment Reference Celenia Payment Management automates and streamlines payment routines:
Payment information
Each creditor’s payment information is typed in. When an invoice is created, the payment information is automatically associated with the invoice, but can be adjusted if necessary. The payment information is validated and any missing information can be added right away.
Payment suggestion
Next, a payment suggestion is generated that ensures that invoices are paid on their due date. The payment suggestions can be set up with a range of criteria that can be defined for each payment journal.
Validation and error log
When the payment suggestion is created, the payments are validated again and if there are any errors, these are noted in a log, which the user can then refer to in order to correct before sending the payments to the bank.
Statistics
Payment journals include a number of statistics that enable the user to get an overview of the company’s cash flow status before and after the payments are completed.
Manual notification
Notifications can be sent by e-mail, which are cost-effective, can hold an unlimited amount of text, and are delivered immediately.
Collected payments and payment prioritization
Payments to the same vendor can be collected and paid at the same time, saving bank fees. Payments can be prioritized according to creditor, disposable balance in bank accounts etc., making it easy to control the cash flow.
Procuration
For all accounts, procurations can be set up with information about who is cleared to approve payments, and in which order. The status for the individual payments indicates how far in the procuration procedure the payment has come. Cash receipts
The sales module includes reports for printing invoices, statements, reminders and interest notes with the necessary payment information for standard FI cards. A file with customer payments is imported into to the cash receipt journal, which automatically adds the reconciliation ID through the payment identification, and the payments are ready for posting.
Reconciliation of accounts
Celenia Payment Management also makes it possible to reconcile accounts automatically if the bank can deliver a statement electronically. The statement is imported into Celenia Payment Management, and the associated bank entries are identified. If there is more than one option, the suggestions will be listed. Furthermore, Celenia Payment Management automatically generates suggestions for balance entries, for instance unentered payments and interest.
Setup: Most of the setup is done automatically by importing an XML data file.
Direct communication: With Celenia Payment Management, payment files are transferred directly through the bank’s security module. Thus, payments are approved and sent to the bank in the same working procedure and only need procuration approval in the bank payment program. Furthermore, exchange rates, cash receipt files and bank statements can be imported to and updated in Microsoft Dynamics NAV.
Unique Payment Reference
UPR makes it possible to automate the process of settling items. The payment reference identifies the payment all the way through the process.
| | | Celenia Payment Management for Microsoft Dynamics NAV is sold exclusively through Microsoft Partners. Software and licenses are available from Celenia PartnerZone.
If you are not a reseller, please contact your Microsoft Partner.
| | | | IN GENERAL
Microsoft Dynamics 2009 (supports the classic client, not yet the rolebased) /5 /4 / 3.70 / 3.60 / 3.10 / 3.01.
We recommend modules Bank Basis (5010), Basic General Ledger (3010), Basic Receivables (3260). Sales Invoicing (3270) and Multible Currencies (3760).
CASH PAYMENT
Basic Payables (3510). We recommend the granule ’Purchase Invoicing’ (3520).
PAYMENTS AND WITHDRAWALS
Basic General Ledger (3010) and Sales Invoicing (3270)
RECONCILIATION OF ACCOUNTS
Bank Reconciliation (5030) is necessary for the granule. | | | | Download brochure | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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