Dynamics 365 Finance: Core financials - Enable import of customer payment remittance advice for processing and settlement
A new AI-powered capability will enable automated import and processing of customer payment remittance advice directly into Dynamics 365 Finance, streamlining accounts receivable reconciliation and cash flow management. This feature is currently in development preview.
Microsoft's description
This feature includes the following functionalities: Automated customer payment and remittance advice import, scanning, and mapping using AI processing in the integrated Power Platform environment. Matching remittance advice data with data in Dynamics 365 Finance. Seamless integration of remittance advice details into Dynamics 365 Finance customer payment journals and the settlement process. Reports that provide insights into payment and settlement statuses, outstanding invoices, and overall cash flow. Business Value: The ability to import remittance advice streamlines the accounts receivable process by enabling businesses to efficiently manage and reconcile payments from customers. By automating the import, scanning, and consumption of remittance advice data, businesses save valuable time and resources. This capability improves cash flow management and financial reporting. Enabled for: Enabled by admins/makers/marketers for end users