Anyware Payments

An add-on app for Microsoft Dynamics 365 Business Central that helps you simplify reconciliation and ensure payments or returns

Is your company working with e-commerce, offering several different payment methods to your customers? Do you experience challenges ensuring the right payment or refund for each individual order?

An app for e-commerce companies

Offering the customer to choose from different payment methods is an appreciated service and is often a contributing factor when it comes to increasing number of orders per day. One of the challenges for e-commerce companies is to ensure payment for each of the received orders. If you are working in different markets, the payment also comes in several currencies. This, in combination with several different payment solutions, is often a big challenge for e-commerce companies that requires a lot of time-consuming work every day.

Why Anyware Payments?

Anyware Payments for Microsoft Dynamics 365 Business Central offers integrations to some of the leading payment services on the market such as Klarna and Adyen.

Anyware Payments helps you to facilitate the reconciliation of payments and offers the ability to automate payment activation directly against Dynamics 365 Business Central.

Support for different reconciliations methods

The features and reconciliation methods included in Anyware Payments for Microsoft Dynamics 365 Business Central are described in the next section. Which method that is best suited for your business is a question for the CFO. Below you can find out more about the differences between the two methods.

Features

Read more about some of the key features in Anyware Payments.

Bank Account Reconciliation

Bank Account Reconciliation is the most common way to reconcile payments. The principle is based on a transaction file being imported from the payment service, containing all orders and returns that have been handled over a period of time. The transactions are matched against posted transactions in the ERP-system and the transactions that do not match are handled manually. The sum of the transactions is handled as a bank transfer, which is also matched together with any fees and commissions. Transactions that remain open in the ERP-system in historical periods are transactions for which the company has not received payment. To be able to use the “Bank Account Reconciliation” method, the orders in the ERP-system needs to be posted as paid in the accounts directly when being delivered.

In Anyware Payments, the list of transactions, so-called Batches, are downloaded from the payment service via a connected online service with only one click. This provides a simple and flexible process for generating a reconciliation where all payments in the list are automatically matched with the transactions in the ERP-system.

Briefly, the procedure for handling a reconciliation for a payment method in a given currency is as follows:

Download the list of batches.
Select batch from the list.
The reconciliation is created and matched automatically.
Check unmatched transactions. The reconciliation cannot be registered until all transactions have been matched.
Match bank transfers with posted bank transfers.-
Register the reconciliation with only one simple click.

Payment Journal

Matching through the Payment Journal is an alternative matching method that is based on orders being open in the customer ledger after delivery. It is only after you have received the file from the payment service that the order is posted as paid.

Anyware Payments uses the same process as for Bank Account Reconciliation method, only with a different outcome. Briefly, the procedure looks like this:

Download the list of batches.
Select batch from the list.
The Payment Journal is created.
Check unmatched transactions. The journal cannot be posted until unmatched transactions have been handled or deleted.
Offset the journal’s amount against the bank account on the last line.
Post the Payment Journal with only one simple click.