A Microsoft Dynamics AX/Microsoft Dynamics 365 tool which enables automatic verification of counterparty bank account details based on integration with the List of VAT Payers maintained by Poland’s National Revenue Administration.
Verification at the vendor invoice posting level
Validation will be initiated when posting vendor invoices via a purchase order; the system verifies the bank account assigned to the invoice
Validation will be initiated when posting vendor invoices via invoice journals; the system verifies the bank account assigned to the vendor in the invoice line/ attachment, validation in journals is initiated in processes: Validation and Posting
Verification during the process of creating vendor disbursement transactions
Validation will be initiated when starting the function of creating vendor disbursement transactions in the payment journal, verification will also be initiated in the Validation and Payment journal posting processes
Bulk verification of vendor bank accounts.
Function initiated on a selected day, verifies vendor bank accounts entered in the system against the flat file
It is also possible to enhance the posting process with a customized function for verifying a counterparty’s bank account, as individually requested by the customer.
Security which results from compliance
Validation of bank accounts tied with the vendor’s business activity
Verification of vendor bank accounts in bulk
Verification of vendor bank accounts as at a selected day