US Bank has embedded its payment solutions within Microsoft Dynamics 365 to provide businesses with secure and easy-to-implement payment capabilities.
The integration with the enterprise resource planning (ERP) and finance solutions of Dynamics 356 will make it easier for businesses to begin using the capabilities quickly. US Bank has further plans to embed additional payment tools across Microsoft platforms including Teams and Power Platform.
“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.”
Treasury management departments for businesses using Dynamics 365 will be able to automate invoice processing and consumer payment disbursement directly from their business application. This allows for automated accounts payable workflows, including matching and reconciliation.
“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.