Xe is a global payments and foreign exchange solution integrated with Microsoft Dynamics 365 Business Central. It allows finance teams to manage the vendor payment process from within their ERP, covering payment preparation, execution and reporting for both domestic and international transactions.
With support for payments across more than 200 countries and territories in over 120 currencies, Xe provides organisations with the infrastructure to manage cross-border payments alongside their existing Business Central financial processes.
Xe embeds the vendor payment process directly into Business Central, allowing finance teams to prepare, execute and record payments without moving between ERP, banking and currency platforms.
Existing vendor and financial information can be used throughout the process, reducing duplicate data entry and the administrative work involved in transferring payment information between systems.
Built-in validation, sanctions screening and automated reporting introduce additional controls throughout the payment process.
Bank details can be validated before transactions are processed, while international payments capture applicable exchange rate information for financial reporting.
These capabilities help finance teams maintain accurate payment records and provide a clearer audit trail for domestic and cross-border transactions.
Prepare, execute and record vendor payments within Business Central, keeping the payment process closely aligned with existing accounts payable and financial workflows.
Process domestic and international payments across more than 200 countries and territories, with support for transactions in over 120 global currencies.
Validate beneficiary bank details before processing payments, adding an additional control to help identify incorrect information before funds are transferred.
Screen payment information against current global sanctions databases, helping organisations incorporate compliance checks directly into their standard vendor payment process.
Capture exchange rates for international transactions as payments are processed, providing accurate currency information for recording and reporting within Business Central.
Automate foreign currency gain and loss reporting to reduce manual calculations and maintain accurate financial records following the completion of international payments.
Because payment information is captured as part of the Business Central workflow, finance teams can maintain a clearer record of vendor payments and associated foreign exchange activity. Automated gain and loss reporting reduces the need for manual calculations, while transaction information remains available alongside existing financial records. This supports reconciliation, financial reporting and audit requirements without creating a separate reporting process.
Xe keeps payment and foreign exchange information closely aligned with the underlying transactions in Business Central.
Finance teams can use captured exchange rates and payment information when reconciling accounts and preparing financial reports, reducing the need to source transaction details from external platforms.
This provides a more structured record of payment activity and helps reduce manual work at month-end.
Keeping payment activity within the Business Central process provides a clearer record of how transactions have been prepared and processed.
Bank validation, sanctions screening, exchange rate information and payment records contribute to the supporting information available for financial review.
This can make it easier for finance teams to trace payment activity and provide relevant records when completing internal reviews or external audits.
Fenwick is a leading implementer of Dynamics 365 in Australia. Get in touch to speak with our knowledgeable consultants and discover how we can help optimise your business.
