Why 3 new document reporting and cash management features boost the value of Microsoft Dynamics NAV 2015

March 13 2015

Microsoft Dynamics is known for giving its customers a variety reasons to be happy. This time, Dynamics NAV 2015 offers some important new document reporting and cash management features that customers should be particularly excited about.

Let's check out three new enhancements in Microsoft Dynamics NAV 2015 and explore how these features streamline day-to-day operations and help improve the return on your ERP investment.

Microsoft Dynamics NAV 2015 features - Document Reporting and Cash Management 

Document Reporting: Microsoft Dynamics NAV 2015 brings together Microsoft Word as a layout alternative for document reports. This means a single report may have now multiple layouts - RDLC, Word or both, depending on your requirement and convenience. This feature is particularly useful for businesses that need to efficiently manage multiple customers, and it is available as a flexible option for companies that use NAV delivered by a multi-tenant service provider. NAV system administrators can manage multiple customizations as required, stored in the business data databases. End users are allowed to control any layout they think should be kept as the active one for any given report.

Report Scheduling:  This particular feature of Microsoft Dynamics NAV 2015 works in your favor to run on-server reports on a set schedule, whenever you need them. It conveniently bundles reports in the inbox of your Role Center.

Cash Management: Microsoft Dynamics NAV 2015 has several new cash management enhancements that could be the most impactful of all the improvements in the latest release. It can make daily life for users much more convenient. Here are some of the most important cash management capabilities of NAV 2015:

  • Simple and Uniform Bank Integration: This innovative Bank Data Conversion Service Feature converts electronic bank statement files into data that is usable by Dynamics NAV. Users are also allowed to import these files into NAV. The beauty of this feature is that users can use the same conversion feature to export payment information into electronic payment files in the format of their choice (read: bank formats here). NAV 2015 also provides support to electronic bank files of leading banks in more than 25 countries across the globe.
  • Fast and Reliable Incoming/Outgoing Bank Payments: This feature of the Payment Reconciliation Journal is designed to allow users to import bank transaction data in a dedicated User Interface (UI) and apply to pen entries on its own that represent customer and vendor documents. It also includes advance record matching - strong review tools and also the possibility to freely define payment match tolerance - modification of generic matching algorithm and many more.
  • Control Electronic Payments Better: Enhanced facilities of Payment Journal and Credit Transfer Registers empower users to manage payment creation and export processes efficiently. It helps in tracking payment history as well. Users not willing to post payments until the time they are processed at the banks may efficiently control which open vendor documents to pay and avoid paying vendors inaccurately or paying duplicate amounts. This feature offers the convenience of managing partial payment scenarios.

Microsoft Dynamics NAV 2015 is gaining popularity in the market due to the convenience of implementation, and ease of use. New features like improved reporting and cash management help businesses streamline day-to-day operations and realize tangible value from their ERP software investment.

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About Chirag Shivalker

Chirag Shivalker is Head of Content Team at Hi-Tech Outsourcing Services. With a decade long experience in technology writing and trend analysis Chirag is an expert in technology and technological trends along with business writing. 

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