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Microsoft Dynamics Partner Roundup: Partner Acquisition; Automated invoice delivery; AP alliance

by MSDW Reporter
Editorial Team, MSDynamicsWorld.com

In this week's Microsoft Dynamics partner news roundup:

  • Telefónica Tech acquires BE-terna, building a scaled European tech services company
  • AvidXchange offers straight through processing capability to automate delivery and receipt of payments
  • SignUp Software announces alliance with Maggnumite to help its Dynamics customers with AP automation

Telefónica Tech acquires BE-terna, building a scaled European leader in tech services

Telefónica Tech has acquired Microsoft Dynamics cloud partner BE-terna for up to €350 million ($364 million). Telefónica Tech has acquired 100% of the shares of BE-terna Group from Deutsche Private Equity and other minority shareholders.

Founded in 2005, BE-terna has a team of more than 1,000 employees at 28 locations across Germany, Austria, Switzerland, the Adriatic region, and the Nordics, among other markets, the companies said. This acquisition enables Telefónica Tech to increase its geographic reach across Europe.

"The offerings from Telefónica Tech and BE-terna are very complementary and will empower us to serve existing and new customers with all key technologies and solutions that are required to design, deliver and operate a successful digitalization strategy," said Christian Kranebitter, founder of BE-terna.

AvidXchange offers straight through processing capability to automate delivery and receipt of payments

Microsoft Dynamics partner AvidXchange Holdings Inc., a provider of accounts payable (AP) automation software and payment solutions for midsize businesses and their suppliers, has announced that straight through processing (STP) is available to high-frequency supplier customers paid through the AvidPay Network. STP automates the delivery and receipt of payments. In addition, STP provides detailed remittance data via a daily remittance file for easier bookkeeping, according to the company.

"STP is a great example of our continued dedication to the improvement of our automated AP and payment offerings for both buyers and suppliers," said Dan Drees, chief growth officer of AvidXchange. "We began exploring STP in 2020 as a result of the feedback we received from our supplier customers with a high number of payment transactions, and we expect the appetite for this to continue both from our customers and the B2B industry at-large as the world continues to evolve."

SignUp Software announces alliance with Maggnumite to help its Dynamics customers with AP automation

SignUp Software, an AP invoice automation solution for Microsoft Dynamics 365 Finance and Operations, and Dynamics 365 Business Central, have teamed up with Maggnumite to help get Maggnumite's offering to its Dynamics 365 customers who need an AP invoice automation solution.

SignUp Software's product, ExFlow, is built into Dynamics 365 Finance & Supply Chain to enable companies to the end-to-end AP process, according to the companies. ExFlow supports all types of invoices including paper, PDF, and other electronic formats.

"We want to make the most of offering our clients with a proven AP automation solution that provides cost savings," said said Dan Gregersen, CEO at Maggnumite. "AP for many customers, can be very resource intensive on accounting and administration departments. With Dynamics 365 ERP and SignUp Software, you now have a proven and robust product that provides a quick return on investment."

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