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Mekorma Launches Payment Hub v1.0: Transforming Accounts Payable Automation

Mekorma has unveiled version 1.0 of its innovative Payment Hub, a comprehensive solution designed to streamline the Accounts Payable (AP) process for users of Microsoft Dynamics 365 Business Central. This release signifies a leap forward for businesses aiming to enhance their operational efficiency, reduce errors, and expedite their payment cycles.

What is the Mekorma Payment Hub?

The Mekorma Payment Hub stands as an end-to-end solution that offers a holistic approach to managing AP tasks. The essence of this platform is to simplify and facilitate every aspect of the payment lifecycle, ensuring that AP teams enjoy a more effective workflow.

Key Features:

1. Automatic Vendor Validation
This feature diligently examines vendor data for any discrepancies during tax-related checks. By proactively flagging issues related to Tax Identification Numbers and compliance with the Office of Foreign Assets Control (OFAC), businesses can ensure that they adhere to necessary regulations. Furthermore, it utilizes the extensive Google global database for verifying addresses, adding a layer of credibility to vendor information.

2. Enhanced Check Printing
The check setup process in Business Central is revitalized with this feature, promising a 75% reduction in implementation time. Enhanced functionalities include overflow remittances and the ability to store electronic signatures and copies of payments directly within the system for auditing and inquiry purposes.

3. Remote Payment Services
As businesses move toward a more digital payment environment, this function facilitates a range of payment options such as ACH, EFT, and virtual credit cards. A simple click expedites the payment process, significantly increasing efficiency and minimizing reliance on traditional checks. Organizations can also benefit from cash-back rebates through these transactions, making operations not just easier but also financially advantageous.

4. The Action Board
Positioned at the core of the Payment Hub, the Action Board provides AP professionals with a centralized dashboard to manage their approval processes, batch creation, and payment execution. This streamlined interface accelerates the payment generation process, enhances accuracy, and alleviates repetitive tasks, applicable to both single and multi-company environments.

For more detailed information about these innovative solutions, visit Mekorma's official website.

Why Choose Mekorma?

Ora Goldman, CEO and founder of Mekorma, highlighted the competitive advantages of the Payment Hub, stating, "We've created a remarkable AP Payments solution on Business Central, making it easier for companies to reduce their time-to-pay, lower error rates, and allow their AP teams to focus on more strategic tasks."

Mekorma prides itself on exceptional customer service and is dedicated to guiding clients through every phase, from initial implementation to personalized training, ensuring that every organization can leverage these solutions for maximum impact.

Free Trial Available

Businesses eager to explore how the Payment Hub can revolutionize their AP processes can download a free trial on AppSource or arrange for a consultation with a Mekorma expert.

About Mekorma

With over three decades of expertise in Accounts Payable, Mekorma has positioned itself as a critical player in the business ecosystem. The company is dedicated to understanding the unique goals of each organization it serves, providing support and innovative solutions tailored to foster sustainable success. As a recognized leader in the Dynamics ERP arena, Mekorma continues to reshape the future of AP for thousands of partners and clients.

In summary, the Mekorma Payment Hub v1.0 not only emphasizes efficiency and error reduction but also embodies a commitment to enhancing the overall well-being of Accounts Payable teams. It’s a potent tool for any business keen on remaining at the forefront of financial operations.