I want to show you another scenario where the artificial intelligence that Microsoft has integrated into Dynamics 365 Business Central will make your daily tasks significantly more manageable. We’re revisiting the bank account reconciliation functionality, emphasizing how Copilot can expedite this process effectively. The scenario involves managing an organization with a substantial volume of small-dollar receipts, creating a challenge given the summarized nature of the bank statements received.
The Challenge: Managing Small-Dollar Receipts
So, let’s dive in. In an ongoing bank account reconciliation, we see all the transactions from Business Central on the right, and summarized information from the bank statement on the left. Copilot excels in matching detailed transactions from Business Central to the summarized bank statement entries, making the reconciliation process seamless.
Bank Account Reconciliation with Copilot
- Existing Technology Trial: Attempting to match transactions conventionally yields no results.
- Activating Copilot: Clicking on Copilot initiates the AI’s matching process, resulting in a 100% success rate.
- Detailed Breakdown: Copilot provides a granular breakdown of matches, allowing a meticulous review of individual applications.
- Confirmation and Post-Reconciliation: After confirming the matches, the reconciliation is swiftly posted, demonstrating the remarkable ease and efficiency Copilot brings to this complex task.
In this demo, I aim to showcase the artificial intelligence prowess that Microsoft has injected into Dynamics 365 Business Central with Copilot, illustrating how it can significantly enhance your bank account reconciliation process. It’s a tool designed to streamline and accelerate your financial workflows. Give it a try; the results might pleasantly surprise you.
