Dynamics Square, a leading Microsoft Business Applications partner in Australia, empowers businesses to seize growth opportunities that enable them to excel and reshape the competitive landscape through the utilisation of tailored, business-centric solutions.
What is Xe?
Efficient Global Payments with Transparent Rates,
Seamlessly Integrated with Business Central
Xe is a global business payments solution that specializes in foreign exchange and international money transfers. It offers competitive exchange rates, transparent pricing, and seamless integration with financial platforms like Microsoft Dynamics 365 Business Central. Xe enables businesses to send, manage, monitor, and report on cross-border and domestic payments efficiently and accurately, all within a single platform. This eliminates the need for switching between different systems, thereby saving time and reducing the risk of errors.
Breaking Down Businesses Scenario without Xe
Is switching between multiple platforms for payments wasting your team’s time and increasing error risks?
Are these challenges impacting your business too?
Hidden or unexpected fees on international transactions can lead to budget overruns.
Manual processes and multiple systems increase the likelihood of errors in the payment processing.
Limited visibility into payment statuses and exchange rates can hinder financial planning and management.
Lack of transparency in exchange rates can result in unexpected costs and financial discrepancies.
Disjointed systems can lead to inefficient workflows and delays in payment processing.
Integrating different platforms for payments can be complex and costly.
Switching between multiple platforms (ERP, bank, currency data) to process payments wastes valuable time.
Generating accurate reports can be challenging without a unified system, leading to potential inaccuracies.
As the business grows, managing payments across various platforms.
Xe Capabilities
Video & Rich Content
We are excited to share an exclusive video showcasing the capabilities of the XE Global Business Payments solution. This video will guide you through the seamless integration, enhanced efficiency, and powerful features of XE within Microsoft Dynamics 365 Business Central.
See firsthand how XE’s embedded payment solution optimizes time and resources, ensuring real-time validation, automated reporting, and comprehensive support.
Frequently Asked Questions
1. What are Xe Global Business Payments?
2. What features does Xe offer for payment processing?
3. How does Xe’s embedded payment solution streamline the vendor payment process within Business Central?
4. What ensures the reliability of Xe's payment validation and sanction screening?
5. In what ways does Xe's automation of payment processes lead to error reduction and time savings?
Microsoft Dynamics 365 Success Stories
Check how businesses around the globe are riding the change bandwagon and transforming their business using Microsoft Dynamics 365. Join the club now to beat the competition and scale ahead.
- CASE STUDY
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Austrade improves CRM, supports Australian economic strategies with Dynamics 365
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Dynamics Square helped us seamlessly transition from Sage ERP to Business Central, optimizing our Finance, Sales, Purchase, Inventory, and Warehouse functions. This led to immediate benefits, including time savings, optimized inventory, prompt payments, and reduced reconciliation time. I highly recommend Dynamics Square for ERP solutions.
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Business Central offers cloud technology. It helps us bring our solution to our partners and customers faster than ever before. It has been the biggest booster for us in the entire history of SwissSalary Ltd.
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Building on the top of the innovative Business Central while maintaining our powerful partnership models has been key to how we have grown our customer base by more than 25% per year.
Xe Success Story
Company Overview & Challenges Faced
A leading global manufacturing company faced significant challenges in managing their cross-border and domestic payments. The company struggled with inefficiencies due to using multiple platforms for payment processing, validation, and reporting. They needed a more streamlined solution to enhance operational efficiency and reduce errors.
Evaluation Process
The company began their search for a comprehensive payment solution by evaluating several options. They assessed various providers based on criteria such as integration capabilities, cost-effectiveness, compliance features, and ease of use.
- Compatibility Check: Ensuring that the payment solution could seamlessly integrate with their existing Microsoft Dynamics 365 Business Central system.
- Feature Comparison: Comparing features like real-time validation, global database access, automated reporting, and embedded payments.
- Cost Analysis: Evaluating the cost of implementation and ongoing maintenance to find the most budget-friendly option.
- Customer Feedback: Reviewing case studies and feedback from other businesses that had used the payment solutions.
Solution
After a thorough review, Xe Global Business Payments emerged as the best fit due to its comprehensive capabilities and alignment with the company’s needs. The company integrated Xe’s solution with Microsoft Dynamics 365 Business Central. Xe’s payment solution provided a seamless, end-to-end payment process directly within Business Central, enabling the company to send, manage, monitor, and report on payments without switching platforms.
Payment Scenario Post Xe
- Embedded Payments: The integration optimized time and resources by handling all payment processes within Business Central. The company could now process, execute, and deliver payments efficiently, reducing the need for manual interventions and multiple systems.
- Instant Validation: Xe’s built-in bank validation and real-time sanction screening protected the company’s payments, ensuring compliance and accuracy. This feature reduced the risk of errors and fraud, providing the company with greater confidence in their transactions.
- Automated Reporting: By automating payment processes and capturing real-time exchange rates, the company eliminated manual tasks and minimized errors. Automated gains and loss reporting provided clear insights into their financial performance, enhancing decision-making.
Outcome
- The company achieved a 40% reduction in payment processing time, streamlining their financial operations.
- Payment errors were cut by 50% thanks to instant validation and automated reporting.
- Costs were lowered by 30% due to the elimination of multiple platforms and manual processes.
- The company achieved 100% compliance with global sanction screening and validation standards.
- Report generation time was reduced by 60% through automated reporting and real-time exchange rate capture.
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Dynamics Square is the leading Microsoft Dynamics 365 partner in Australia known for its futuristic solutions and unmatched customer service. Consult our experts, who know the nerve of the industry to transform your business today.
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