Wise Collection Claims

 

Wise Collection Claims gives your company a straightforward but comprehensive overview of the collection process. You can choose from a range of collection methods, including payment slips, credit cards, payment terms and more.You can also opt to send payment requests for display in the customer's online bank.

Wise Collection Claims

In short

  • Wide choice of collection methods
  • Simplifies reconciliation
  • Document-free communication with all major financial institutions, including banks, credit card issuers, debt collection agencies, etc. - all directly from Dynamics 365 Business Central
  • Digital payment demands through banks
  • Secure system which meets the requirements of Icelandic banks (IOBS)
  • Better and more accurate data because entry errors are a thing of the past
  • More reliable and better traceability

Wise Collection Claims

System features

This system is built on Icelandic banking standards (IOBS) which require the use of employee credentials or equipment credentials, thus meeting the most demanding security standards. Users can communicate directly with banks from Business Central using a web service. This saves time where the user would otherwise need to use different systems, connect to an online bank then download files.

This is a powerful addon to Wise Collection Claims which combines cashflow with claims monitoring. Unpaid claims can be hidden in many places, for instance unsettled credit card payments, or customer entries that have yet to be reconciled. Wise Claims Monitoring gives local authorities the capability to see all outstanding claims and to begin processing them.

Choose from two claims processes: create a separate claim for each invoice; or combine all business for a set period into a single claim. Claims are then sent to the respective financial institution for payment.