Releasenote Extended Banking 5.0.0

The cloud version of Extended Banking is constantly evolving and that regularly results in new releases. Extended Banking customers automatically receive an e-mail with more information about new functionalities, bug fixes and a link to the extended releasenote Extended Banking. Through our website we now also publish a blog, every release, in which we summarize the most important functionalities for you.

In this blog we tell you more about the most important functionalities of the last releasenote Extended Banking 5.0.0.

1. Import bank statements via Advanced Bank Reconciliation or via Data Entity

Most banks offer the possibility to download bank statements in the well-known formats MT940 and CAMT.053. Nevertheless, it happens that a bank, for example for a specific foreign entity, cannot make either of these two formats available. Within Extended Banking, two alternatives are now available. This makes it still possible to use Extended Banking in case you encounter this situation.

First of all, there is a possibility available where the import takes place via the standard Advanced Bank Reconciliation module and the further processing is done by Extended Banking. This means that when Microsoft offers a certain bank file format in the standard support, the processing can also be done by Extended Banking.

In addition, it is also possible to import bank statements via Data Entity. This Data Entity can be set up within the standard Microsoft Dynamics 365 functionality. This option also makes it possible to handle alternative file formats with Extended Banking. All format types supported by the Dynamics 365 Data Management Framework can be used for processing with Extended Banking.

Both options (processing via Advanced Bank Reconciliation and processing via Data Entity) enables users a wider usability of Extended Banking, even when the bank cannot offer the well-known file formats CAMT.053 and MT940. The new capabilities are both covered by a new specific license. Please contact us about the possibilities about this.

2. Importing Payment Specifications via Data Entity

For some time now, it has been possible to import and process ‘External’ Specifications in Extended Banking. Specifications are often included with aggregate payments in the bank statement. However, the existing functionality for processing Payment Specifications had a number of limitations and there were some conditions that had to be met in order to use them. For example, the functionality was only usable in combination with specifications in Excel and no errors or rules were allowed to be missing. If errors were still present, or if there were missing rules, this led to the function running into an error when the specification was lettered off.

In the new variant, Payment Specifications can be read in via a Data Entity, which can be set up within the standard Microsoft Dynamics 365 functionality. This removes the limitation that this is only possible via Excel. Substantive changes have also been made. For example, the lettering of a read-in specification is now part of the Matching step and there are missing lines in a specification, or does a line contain a writing error in the invoice number? Then this is not a problem. The lettering then continues at the next line.

These changes make importing and processing payment specifications a whole lot more user-friendly. A license is required for the use of this, for more information about this please contact us.

3. Support processing through SysOperations Framework

The SysOperations Framework in Dynamics 365 is suitable for different types of scenarios where you can run a task in the background. When a process does not need to run immediately and/or the result of the process is not needed immediately, the SysOperation Framework in Dynamics 365 is extremely useful.

For many processes within Extended Banking, the result of the process is not immediately required.  By enabling processing via the SysOperations Framework within Extended Banking, it is no longer necessary for the user to wait for the result of a process before being able to continue working. Instead, the user can simply proceed with another process. This significantly improves the user experience and it works a lot more efficiently. You enable the processing of processes via the SysOperations Framework in the Extended Banking Parameters.

4. Support the German language (DE)

As of this release, the German language will also be supported throughout the Extended Banking application. So if you have German-speaking colleagues, for example in a mother or sister offices in Germany or Austria, this offers them a great advantage if they can use Dynamics 365 in the German language.

Do you want to know more about Extended Banking?

Do you not yet use Extended Banking, but have you become enthusiastic about our solution after reading these new functionalities? Please contact us. We are happy to tell you more about the possibilities for your organization.

Do you (or your customer) already use Extended Banking, but do you have a question that is not answered in the releasenote Extended Banking, do you need help installing the new release or do you want to know more about the additional licenses that are needed to use all the new functionalities? Please contact us. We’re here for you.

17 February we organize a webinar about Extended Banking (Dutch only). Click here for more information and subscribe.

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