Menu
Menu
Why you’re here:
1] You’re starting a new bank and are in the build phase to build out of the bank infrastructure leading up to your application to the Bank of England.
2] You must select a GL to form a critical application in your infrastructure.
3] You’re here to see if Dynamics 365 Business Central could be the GL app you select.
Our two-phase Faststart Business Central for Banking Package might be the perfect GL app and implementation for your bank.
We recognise that your costs today are primary people costs- your team and the expert help you use to help you build out. You have other costs also, a few fixed assets, office and other smaller overhead costs.
Phase 1: We have a pre-designed configuration that enables you to be live in less than 6 weeks!
The design includes a GL design specifically for UK bank reporting; both formal and regulatory reporting. This can be enhanced further to allow for more detailed reporting; we’ll workshop the Dimension design to give you department, cost centre, regional, customer and even product reporting. You can choose how this is designed.
We recommend a full data migration. You’ll have a manageable number of transactions since you commenced, we think it’s useful to move them all into Business Central so you have one set of financial records to manage.
The process of going live immediately with Business Central allows you to learn the application capability, and this is then put to use when we come to phase 2 and integrate Business Central with your front-of-house banking app.
Phase 1 includes GL, AP (with AI and OCR invoice reading); FA; Bank reconciliation. As the solution is from Microsoft, all your GL data resides in the UK, and you can work with Business Central, Teams, and Office 365. Also, your IT person will love that data resides in the UK, your data and hardware controls all apply to Business Central, and licencing and access is managed from the same licence engine as Office.
Phase 1 is fixed price at £25,000
Phase 2 joins up Business Central with your banking and reporting infrastructure. You will likely require 3 integrations:
Bank Platform – like a Mambu or Thought Machine
Regulatory Reporting Platform – like a Walters Kluwer, or Almis
FP&A platform – like an Anaplan
Costings for this will depend on the integrations. Typically for the 3 integrations above, 30 hours are needed for the design of the integrations, and each integration needs 70-80 hours to write, test, UAT, deploy, and cut over to live.
Each integration needs 3-4 weeks to complete but is dependent on your speed requirements.
If you would like to discuss your banking requirements, please complete the form below.
Click the button below to submit your enquiry to our team who will get back to you as soon as possible.
© 2024 City Dynamics – Leading Microsoft Dynamics 365 Partner