US Bank has embedded its payment solutions within Microsoft Dynamics 365 to offer secure and easy-to-implement payment capabilities to businesses.
The integration with the enterprise resource planning (ERP) and finance solutions of Dynamics 365 will make things easier than ever for businesses to start using the capabilities. US Bank also has plans to embed additional payment tools across Microsoft platforms including Power Platform and Teams.
“Embedded payments can deliver powerful, new ways for businesses to streamline processes, enhance visibility, deliver better experiences, and reduce risk,” said Bill Borden, corporate vice president for worldwide financial services for Microsoft. “We are excited to build on our work with US Bank, delivering integrated, easy-to-use digital payment capabilities to our customers through Microsoft Dynamics 365 with additional embedded solutions to come.”
“Our integration with Microsoft, which businesses rely on daily to serve their customers, opens new possibilities for US Bank clients to improve efficiencies and enable faster payments,” said Shailesh Kotwal, vice chair and head of payment services at US Bank.
Treasury management departments for businesses using Dynamics 365 can be used to automate invoice processing as well as consumer payment disbursement directly from their business app. This allows for automated accounts payable workflows, including matching and reconciliation.