Learn how to configure automated vendor payments in Dynamics 365 Finance for subsidiaries, ensuring compliance with unique financial regulations. Discover the best practices for setting up payment terms, methods, and calendars.
Table of Contents
Question
Contoso Ltd. is configuring Microsoft Dynamics 365 Finance for their new subsidiary. They want to automate vendor payments while ensuring compliance with the subsidiary’s unique financial regulations. You need to create a vendor payment setup that adheres to the subsidiary’s financial regulations and automates the payment process. What should you recommend?
A. Configure vendor payment terms, methods of payment, and payment calendars specific to the subsidiary’s regulations and enable payment automation.
B. Recommend the subsidiary to process all payments manually to ensure compliance with their financial regulations.
C. Set up a single method of payment for all vendors regardless of the subsidiary’s financial regulations.
D. Use the parent company’s vendor payment setup and manually adjust payments for the subsidiary’s compliance requirements.
Answer
A. Configure vendor payment terms, methods of payment, and payment calendars specific to the subsidiary’s regulations and enable payment automation.
Explanation
Configuring vendor payment terms, methods of payment, and payment calendars specific to the subsidiary’s regulations and enabling payment automation is the best practice to ensure compliance and efficiency. Using the parent company’s setup may not comply with the subsidiary’s unique regulations. Manual processing is inefficient and prone to errors. A single method of payment for all vendors does not account for the diversity of vendor agreements and regulatory requirements.
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