When it comes to Dynamics GP features, more specifically the newest Microsoft Dynamics GP 2016 R2 version, the possibilities are endless. Many companies have been quick to update their software as its adaptability helps cater to specific needs. This can include anything from creating company “Smartlists” which creates easy accessibility for commonly used accounts to a program called “Workflow” that aids in the automation of Batch Approval on things like email notifications. Aside from the advancements in the system security and the bug fixes, the new version also includes over 55 exciting and useful feature upgrades.
Dynamics GP is the future of the business world. With the Electronic Funds Transfer (EFT) feature, companies can be sure to adapt today's new technology in order to save time and money.
While payment processes and cutting cheques seems like an unavoidable step for companies, EFT helps expedite payments, saving you time and money along the way. From the time it takes to make, sign and mail a cheque for a vendor to the money spent along the way for printing and postage, the process in itself becomes a hassle.
Within an EFT, there is a fair amount of valuable information stored that may not be available through the traditional payment methods. Vendor information, company names, addresses, as well as specific notes, can be added to an EFT making it easier to digitize payment information in the company database.
For more information on EFT for Dynamics GP,