I’ve got a bank reconciliation started. Let’s take a look at it. On the right hand side, I’ve got transactions from Business Central. They’re coming in. I’ve got quite a few of them. They’re all small amounts here. You can see I’ve got customer payments about $100 a piece. I’ve got probably about 20 of them. I then also have some payments out to a vendor. You can see that about $75 a piece. I’ve got a lot of those as well. But in my bank statement, I only have two entries. I’ve got an entry for customer payments and an entry for vendor payments.And what I wanted to show you is Copilot’s ability to match a large number of transactions from Business Central to a few entries from your bank statement. So let’s go take a look at it.Here’s my bank reconciliation. If I just wanted to match this using existing functionality in Business Central, I’d say match automatically. I’ll even give it a four-day tolerance. Nothing’s matched, right? There’s no matches made; they’re all unmatched. Now let’s take a look at reconciling with Copilot. I’ll click on reconcile with Copilot. Copilot will look at all the data in the bank reconciliation module and attempt to make a match between the bank statement and the Business Central data.And here you can see it comes up with some matches and it allows you to preview the matches before you accept them. We’re just looking at provisional matches. So what I can do is on these payments, I can click on this; it’ll show me all the payments that it determined were part of the deposit on the bank statement. Likewise, if I look at all the payments, look at all the payments that I tried to match up with the information on the bank statement. And even though the auto-matched functionality in Business Central picked up nothing, Co-Pilot was able to match two lines of the bank statement to lines within Business Central. So I’m gonna go ahead and keep this. So it now shows the amount being applied and I’m done with this reconciliation.But Co-Pilot did is looking to be at the information in Business Central; the dates were a little different. Copilot said that’s okay. It also summarized information ’cause I had one entry for customer payments, and when they looked at the BC data, it pulled up all the payments to equal that amount. Same thing with the vendor payments. So now I’m pretty much done, and all I need to do is go ahead and reconcile this. I’ve got total differences, difference of zero. I am done. I’m going to go ahead and post this. And the reconciliation is done.
AI Capabilities in Business Central
Let’s take a look at two screens in Business Central. One is the Co-Pilot and AI capabilities. This just shows you what’s active from an AI standpoint in your system. And right now, you’ll have to enable this feature in Feature Management to make it available to your organization.
This is a nice use of Co-Pilot artificial intelligence from Microsoft used with Business Central. I think they did a good job on this. It needs to be tweaked just a little bit, but certainly ready to try out. So please give it a try.
