As the year draws to close it’s important to evaluate your previous year and decide on ways to streamline operations. What parts of your backhouse operations were big pains? What were some things offered by your competitors that were not offered by you? What can you do to make 2016 the most efficient year ever? The web based portal is quickly becoming a great way extend your buisiness processes beyond the walls of your accounting department. Here are two types of web portals that are great ways to get into the web based portal space that will help streamline your processes.
1. AR Payment Portal
Can your customers currently pay you online? This feature is often requested by customers and realistically it offers nothing be benefit to your business. In the Microsoft Dynamics GP world it can be confusing where you should turn to begin offering an online portal. Fidesic AR solutions offer you a customer portal that works right out of GP. You can upload invoices, accept payments via ACH or CC, and post those transactions back to GP. Fidesic AR works within an existing GP AR workflow, and can even offer automatic customer payments on a timeline of their choosing. You’re also able to customize your portal to keep your company branding consistent.
2. Vendor Portal for ACH payments
In 2016 will you still be paying all your vendors via paper check? Paper checks have a hard cost associated with them, and they eat up labor hours very quickly. There are a couple of options for sending vendors ach payments. The first is to use the EFT module in GP, however this module has its limitations. First you must collect banking info from you vendors and store it locally in your GP database. Any changes will require a call from your vendor and your company is left holding the liability if that data is compromised. Fidesic AP offers an online vendor portal where vendors can opt in to receive ACH payments. Their banking info is stored within a SSAE type 16 compliant portal. Once they’ve signed up, your next payment to that vendor will be issued over ACH. Fidesic AP is also better than the GP EFT module because it can create a batched ACH file and it will deliver this ACH file to your bank automatically. Vendors will also be able to submit invoices directly to you using the Fidesic AP portal.
There are other users for web based portals in your accounting practices but these are two great starting points to learn more. For more info on the customer portal head to www.FidesicARforGP.com and for more info on the vendor portal, head to www.FidesicAPforGP.com
About Enliven Software
Enliven Software is a leading Lansing, MI Microsoft Dynamics ISV delivering AP and AR business solutions across industries to local businesses for over 15 years. Enliven provides cloud based solutions that help automate Accounts Payable processes, and provide a dynamic Customer portal designed to work specifically with Dynamics GP.
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