Get started using Payment Management

Do you want to try, explore, and evaluate Payment Management? In this module, you’ll learn how to install a free Payment Management trial on your Microsoft Dynamics 365 Business Central tenant, and how to activate the solution. Additionally, this module goes through two assisted setup guides for Payment Management that’ll help you with the basic setup.

Payment Management offers a wide range of options for configuring the app to fit the specific needs of your organization. In this module, you'll learn how to tweak Payment Management to further support your work.

We'll now go through the process of creating an invoice with built-in functionality, such as payment validation, to creating the payment suggestion, and sending it to the bank via direct bank communication.

In this module, you'll learn about the payment approval process. You'll get an understanding the various options for setting up approval workflows to match your company's specific needs and how to manage approval requests.

The Bank Account Verification feature, included in the Payment Approval module, helps you increase the security of your payment processes considerably. You can monitor the verification status of bank accounts and track the updates made to account details to help identify any suspicious activities or discrepancies in the account.

Complete your bookkeeping with the Statement Intelligence functionality that includes automatic document match, settlement of combined payments, and automatic creation of payment journals. With the advanced bank account reconciliation functionality, you get a 100% match on vendor payments.

Follow this walkthrough to see how Statement Intelligence can ease the reconciliation process with built-in features and an easy setup of reconciliation rules.

Now, based on all the setup in the previous modules, you'll see how easy the bank account reconciliation process can be.