Learn how to create centralized payment setups in Microsoft Dynamics 365 Finance that accommodate diverse payment methods, currencies, and local regulations for global enterprises. Optimize compliance and streamline processes effectively.
Table of Contents
Question
A global enterprise is consolidating its customer payment setups across various subsidiaries in Microsoft Dynamics 365 Finance. You need to create a centralized payment setup that accommodates different payment methods and currencies while ensuring compliance with each subsidiary’s local regulations. What should you do?
A. Configure a centralized payment setup using organization hierarchies and purpose-specific configurations.
B. Delegate the responsibility for payment setup to each subsidiary’s finance department.
C. Standardize on a single payment method for all subsidiaries to simplify the payment process.
D. Use the parent company’s payment setup for all subsidiaries without modifications.
Answer
A. Configure a centralized payment setup using organization hierarchies and purpose-specific configurations.
Explanation
Configuring a centralized payment setup using organization hierarchies and purpose-specific configurations allows the global enterprise to accommodate different payment methods and currencies while ensuring compliance with local regulations. Standardizing on a single payment method may not be feasible due to varying local requirements. Delegating responsibility to each subsidiary’s finance department does not achieve centralization. Using the parent company’s payment setup without modifications may not meet the specific needs of each subsidiary.
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