SimCrest Announces New Release of eBank Reconciliation for Microsoft Dynamics NAV Users

ALLEN, TX, September 07, 2010

SimCrest, Inc., dedicated to helping small and mid-sized companies automate business process with Enterprise Resource Planning (ERP) software and related add-on solutions, recently released the latest version of eBank Reconciliation for Microsoft Dynamics NAV users. SimCrest has enhanced several functionalities to provide users more flexibility and has upgraded the add-on solution to fit both Microsoft Dynamics NAV Classic Client (5.0 and up) and Microsoft Dynamics NAV 2009 RoleTailored Client.

SimCrest eBank Reconciliation, an add-on solution for Microsoft Dynamics NAV, allows users to download an electronic statement from the bank and then will automatically match the bank transactions to the book transactions. This solution can significantly reduce the time required to complete bank reconciliation in Microsoft Dynamics NAV (formerly Navision).

"For companies with multiple bank accounts and/or a high volume of bank transactions each month, this type of automation can save them tremendous time from reconciling bank transactions and contribute to a faster month-end close." said Konnie Harris, Project Manager of SimCrest, Inc.

To provide user greater flexibility, the latest version of eBank Reconciliation is offering two matching options that determine the criteria used for matching book and bank entries. User can match by Document No. and amount and then by amount only, or match by Document No. and amount. This feature will allow Microsoft Dynamics NAV users to choose the way they want to match and they are able to set different matching option for each bank account.

"Once all entries are automatically matched, any entries that are not matched automatically will be displayed so the user can manually match them. If there is a difference between the amount of the bank transaction and the book transaction, an adjustment entry will be auto-created for the difference." explained Konnie Harris. "Once there are no remaining unmatched bank transactions in the eBank Reconciliation, the matched book transactions can be updated in the NAV bank reconciliation and are marked as cleared at that point."

Along with the new release, SimCrest hosted a live eBank Reconciliation webinar for its partners, demonstrating the new functionalities and how the new version works for Microsoft Dynamics NAV 2009 RoleTailored Client. Margaret Williams, Customer Account Manager of Solution Systems, Inc., commented after attending the webinar, "I was impressed with your demo. It appears to be a very efficient tool for reconciling a bank statement with hundreds of transactions. I am going to add it to our list of recommended NAV Add-ons."

Microsoft Dynamics NAV users are able to view the SimCrest eBank Reconciliation demonstration from SimCrest's Facebook fan page.

SimCrest is a Dallas-based Microsoft business management software provider, dedicated to helping small and mid-sized organizations automate and streamline highly specialized business process with Microsoft Dynamics NAV and related add-on solutions. For over 20 years, SimCrest has helped hundreds of organizations reduce operational costs and improved business efficiency by leveraging software knowledge, industry expertise, and proven project management skills.