Financial health of your business is the difference between success and survival. Hence, total control over finances is a prerequisite to make your business successful. Financial management is the core of Microsoft Dynamics 365 Business Central which allows you to perform the entire financial administration. From customer data, automatic invoicing, budgets and real-time visibility into cash flow, to general ledger chart of accounts and online banking… Always insight into your financial situation!
Finance
Dynamics Finance for logistics service providers
3PL Dynamics combined with Dynamics 365 Business Central Finance provides all the necessary financial functionality for logistics service providers. Digital invoicing, invoice scanning, exchange rate interface, purchase invoice approval workflow, etc.
Functionality in Dynamics 365 Business Central Finance
With the – standard and designed by Boltrics – financial functionalities in Microsoft Dynamics 365 Business Central you manage your entire financial administration from beginning to end. Discover in the leaflet how our Finance module can support your organization.
Creditors
Workflow approval and posting of purchase invoices, automatic payment (SEPA) and settlement of overdue items, colorful analytics, and customizable blocks.
Debtors
Sales invoices, receipts, reminders, and clearing of entries.
Financial Transactions / Accounting
Extensive options for recording booking settings for domestic and foreign VAT rates, shifted, warehouse, discounts, purchase and payment differences, valuation, etc. So that all transactions fill the general ledger smoothly and correctly.
Financial Statements
Prepare financial statements quickly and easily in Dynamics 365 Business Central.
Manage bank accounts
Create, use and manage multiple bank accounts in different currencies, import payment runs, and bank statements (MT940 / SEPA Camt), including automatic settlement of open items.
Logistics services
Link all your logistics services to a (warehouse) booking process. In this way, cost centers and other dimensions can also be controlled and your general ledger account remains limited.
Manage fixed assets
Fixed asset management, including maintenance and insurance items. Merge or split your assets. Standard booking processes such as revaluation and decommissioning.
Automatic exchange rate service
Exchange rates can be automatically read into Dynamics so that you always work with the most recent exchange rate.
Booking example
A preview of the ledger transactions that will take place when posting invoices, for example, prevents errors and exposes a possible wrong setting at the customer, supplier, or booking group.
VAT / ICP declaration
VAT and ICP declaration via secure XBRL (eXtensible Business Reporting Language).
Cash and Cost accounting
Keep insight into the costs of running your logistics company, easily make cash flow forecasts and use the default KPI charts.
Period / Postponement Templates
Costs and revenues are automatically linked to the loading or unloading date in the relevant accounting period (period/month/year), and not in the period in which the transaction is posted.
Multi-company
Bring accounting for multiple companies into one package. Manage your debtors, creditors, general ledger accounts, and accounting settings from the parent company or via central data management.
Divisions
Set up profit centers and/or cost centers.
Dimensions
Add additional dimensions to the general ledger and other journals in Microsoft Dynamics 365 Business Central for more flexibility in analysis.
Localizations and translations
When doing business in a particular country, you must comply with local laws and regulations. Dynamics 365 Business Central Finance is standardly available for more than 42 countries and in many languages. So you can work with the software anywhere, no matter where you are located.
Create a link between 3PL Dynamics and your accounting software
Do you already use an (external) financial accounting package to your satisfaction? But do invoices still have to be typed manually? Then an interface via DataHub with your accounting package can offer a solution. Prevent you from having to spend unnecessary time copying data and incorrect figures. Out-of-the-box interfaces are already available with Twinfield, Exact Online, AFAS, and Unit4 Multivers.
View our financial integrationsDocument Capture – based on AI technology
Within logistics you have to deal with a legion of suppliers. From transport purchasing to your labels. But entering invoices manually is probably not in your favorite ‘to do’ box. With the latest technology within Document Capture, this is no longer necessary. Whether you scan the documents or receive them by email.
Do you want to streamline your finances?
Curious about how our specific logistics Finance functionalities streamline your administration? Contact us and ask your question to one of our colleagues. No strings attached.