Finance management with Microsoft dynamics 365 business central and Volopa
In the world of finance management, efficiency, and accuracy are the linchpins of success. Volopa is taking a giant leap forward to empower businesses by integrating with Microsoft Dynamics 365 Business Central. This strategic move is particularly game-changing for mid-market and enterprise-level clients who are navigating the complexities of global expense management.
With Microsoft Dynamics 365 Business Central’s robust capabilities now in sync with Volopa’s platform, businesses can customise how they track and report transactions. The flexibility to classify transactions as Direct Costs or Bill Payments based on client preference introduces a new level of financial reporting precision.
- Direct Costs: option allows for the seamless integration of transactions as general expenses. This feature is essential for businesses that need to track routine operational costs accurately.
- With the Bill Payments feature, transactions are synced as accounts payable items, each associated with an invoice generated during the process. This not only simplifies the accounts payable management but also ensures accurate financial reporting and cash flow tracking.
Advanced tracking for meticulous expense oversight
Our Tracking Categories provides businesses with the ability to organise and monitor their expenses at an unprecedented level of detail. Whether it’s delineating costs by project, earmarking funds for specific events, or allocating budgets to various locations, the granularity offered by these Tracking Categories is indispensable for:
- Project Management: Assigning expenses directly to projects helps in tracking the profitability and cost efficiency of individual initiatives.
- Event Budgeting: Easily track the financial aspects of events, ensuring budgets are maintained and financial goals are met.
- Location–based Costing: For businesses operating in multiple locations, this feature allows for precise cost analysis and resource allocation.
Seamless attachment integration for a paperless office
Gone are the days of cluttered desks and file cabinets brimming with receipts and invoices. The direct syncing of attachments is a revolutionary step towards a truly paperless office. This move aligns with modern business practices, emphasising sustainability and efficiency. The direct attachment syncing feature ensures that every transaction recorded in Microsoft Dynamics 365 Business Central comes with its evidence – receipts, invoices, or any other relevant documentation.
This integration provides a clear audit trail and effortless reconciliation process, ultimately leading to:
- Reduced errors: Minimising manual entry leads to fewer discrepancies in financial data.
- Time savings: Less time spent on manual tasks means more time for strategic financial analysis and decision-making.
Integrating for innovation and growth
Volopa’s integration with Microsoft Dynamics 365 Business Central is more than just an update—it’s a transformation of how businesses can manage their finances with agility and foresight. This synergy between advanced accounting solutions and Volopa’s commitment to financial innovation paves the way for businesses to thrive in an increasingly complex economic landscape.
