Do you manage money/funds from external actors?
Are you able to document your billing basis?
Have you set up user rights so you know you comply with segregation of duties?
For many foundations/financial companies, it is a challenge to document the processes related to cost allocation, re-invoicing and actual disbursement.
A fund/financial company typically has a number of specialist systems that solve very specific and very limited tasks, such as handling mortgages, investments or CRM. To get a complete overview of the fund’s projects, the data from the specialist systems is imported into Business Central – so that data is registered on the correct projects. This requires knowledge and experience of the processes typically found in a fund.
We have the experience to create effective integrations between important specialist systems and Business Central. Integrations that make even small specialist systems work naturally with Business Central.
We help you find, use and digitize the functions and workflows that support the work of a fund or financial company within the possibilities Dynamics 365 Business Central offers. Perhaps combined with supplier independent, recognized and proven apps.
We have experience working with funds/financial companies from several of our existing customers, and work on a daily basis to digitize tasks such as collection, payment, control and invoice approval.
We have developed a special system for foundations/financial companies that receive EU funds. When receiving EU funds, the EU requires, among other things, that time registration is divided into work categories and that timesheets are approved by both a case manager and a personnel manager. You need to be on top of this, otherwise you won’t receive EU funds.
A fund/financial institution is typically a company that manages either public or private money/funds (associations, investment companies, building funds, etc.).
The fund/financial company usually receives a number of fixed contributions, membership fees and payments that must be used for defined purposes and/or investments. This means that payments and disbursements must be tightly controlled to ensure that the money administered is registered and disbursed/spent on the correct projects for the right purposes. The purpose is typically to support and develop selected areas (politics, business, housing, construction projects).
Therefore, a fund/financial company is subject to strict documentation requirements with precisely defined processes and must also ensure that there is a clear separation of functions between the people who decide, approve and disburse.
Business Central can handle this.
Dynamics 365 Business Central includes a wide range of tools for project, resource and financial management as standard.
These tools enable you to digitize functions and workflows within the standard solution. Digitization can not only minimize human error and free up resources, but it can also make it easier to document processes, payments and cost allocations.
If you need functionality other than what you find in the standard Dynamics 365 Business Central, there is a wide range of apps that simply connect to your solution and digitize and systematize various resource-intensive functions. Apps do not interfere with the code in Dynamics 365 – but are connected to the solution in the same way as it is known from your smartphone.
Are you getting started with Business Central Cloud in a fund or financial company?
Then contact us for a chat about what you need to consider and how to get started.
How we work
We work to make your investment in Business Central a success both now and in the long run.
