ERP integrations are vital for organizations of any size, and they’re especially important for businesses that “have grown beyond a certain point in terms of complexity and scale.”
Payhawk has recently “become an official Microsoft partner in order to bring you two direct ERP integrations: MS Dynamics Business Central and MS Dynamics Finance.”
Payhawk recently announced “the launch of two direct ERP integrations with Microsoft Dynamics.”
These integrations will be “available to our clients, including Microsoft Dynamics Business Central and Microsoft Dynamics Finance (formerly Finance and Operations).”
The aim is “to enable automated master data import, effortless expense and payment data exports, and bank account reconciliation.”
This move is “expected to streamline business processes and increase efficiency by reducing the need for manual data entry and reconciliation.”
These new integrations are set “to revolutionize how businesses handle their finances and will undoubtedly be a game-changer for our clients.”
Their live integrations with Microsoft Dynamics ERPs will “provide users with a fully integrated solution for managing all aspects of their business, including data import, exporting expenses, bank account reconciliation, and more.”
Combining their existing features and “the added functionality from Microsoft will allow users to manage their entire business end-to-end from one location.”
Microsoft Dynamics Business Central
Microsoft Dynamics Business Central is described as “a comprehensive business management solution that enables businesses to manage their finances, operations, sales, and customer service in an integrated platform.”
It gives users “an extensive view of their financial operations, enabling them to make informed business decisions.” With Business Central, users can “connect sales, service, finance, and operations to work smarter, adapt faster, and perform better — saving time and resources.”
Microsoft Dynamics Finance
Microsoft Dynamics Finance is “a specialized ERP solution designed to help businesses manage their financial operations more effectively.”
It provides users “with various financial management tools, including budget control, forecasting, cash flow management, and financial analysis.” With MS Dynamics Finance, businesses can get a complete view of their financial operations, “enabling them to drive agility and growth using financial intelligence.”
The benefits of Payhawk’s direct ERP integration with Microsoft Dynamics
Both Microsoft Dynamics ERPs provide solutions “that help businesses manage their financial operations and streamline their processes.”
By integrating them with robust spend management solutions, companies “can enjoy several benefits that enhance their overall experience and improve their financial management.”
These benefits include:
- Rapid month-end processing: Get ready for a speedy month-end close with perfectly synced spend data. Say goodbye to the tedious, time-consuming tasks and say hello to a streamlined month-end process. With fewer steps and an effortless data sync with Microsoft Dynamics, closing your month becomes a breeze.
- Less tedious reconciliation within the system: Enjoy a less stressful month end with real-time reconciliations throughout the month. This means that finance teams can keep track of their expenses in real time and have a more accurate and up-to-date view of their financial operations, rather than having to do a bulk import at month-end.
- Real-time reporting: Our ERP integration with Microsoft Dynamics gives you real-time spend visibility and analytics to support decision-making. Our integrations are built in accordance with the accruals principle, ensuring a clear distinction between invoice and payment dates and supporting a seamless flow of data. This means businesses can get live insights into their spending patterns and optimize spending with complete, real-time spend information.
In-house API integration vs. third-party connectors
The API integration offers many advantages over third-party connectors, including:
- Minimum risk, maximum control: In-house API integration provides greater control over the integration process and ensures that changes and updates are implemented correctly and efficiently. With third-party connectors, there’s a risk of miscommunication and errors, resulting in longer lead times and a less seamless user experience.
- Latest version updates: Being a verified Microsoft Partner means we’re now listed on Microsoft’s AppSource marketplace, ensuring our users are always running the latest version and connectors. Microsoft runs an automated test suite for our integration to ensure backwards compatibility with your system. This is vital for any integration to run smoothly and for users to take advantage of the latest features and functionalities.
- Support: The responsibility for support is questionable when connectors are built by a third party. We can test, diagnose, and fix issues smartly and efficiently with an in-house integration. Our in-house API integration provides greater accountability and responsiveness. And our team can test, diagnose, and fix issues quickly and efficiently, ensuring that users have access to the support they need to keep their financial operations running smoothly.
- Data security: Data security is also a critical consideration for API integration. With third-party connectors, there’s a risk that the vendor could have access to sensitive financial data. With in-house integration, we take data security seriously and have implemented robust measures to protect your data at all times.
The live integration with Microsoft Dynamics provides users “with a comprehensive and seamless financial management solution that streamlines processes, reduces errors, and enhances overall productivity.”
Companies can also “gain greater visibility into their operations with all aspects of their business spend managed from one integrated place, enabling them to make more informed decisions and react quickly to changing market conditions.”