Codec collaborates with financial tech startup Yavrio in the Open Banking sector
In a strategic move aimed at empowering businesses across the UK and Ireland, Codec, a Microsoft partner with Azure Expert MSP certification, has formed a partnership with Yavrio, a fintech innovator in Open Banking and embedded payment technologies.
Founded in 2022 and headquartered in London, Yavrio specializes in Open Banking connectivity and embedded payments for ERP systems. This collaboration with Codec offers significant benefits for Microsoft Dynamics 365 Business Central users.
The partnership enables the seamless integration of Yavrio's Open Banking platform into Business Central. This integration allows users to access real-time banking data, initiate payments, and automate reconciliation within their ERP system.
One of the key benefits of this partnership is the ability for Business Central users to gain real-time access to Open Banking data. This feature streamlines financial operations, providing businesses with greater visibility and control over their cash flow.
Embedded payment capabilities are another advantage of the partnership. Users can now initiate payments directly within Business Central, eliminating the need for manual transactions and reducing potential errors.
Faster, automated bank reconciliation is another benefit for Business Central users. This feature reduces manual financial tasks, freeing up time for businesses to focus on other important aspects of their operations.
Improved cash flow visibility and financial forecasting are also benefits of the partnership. With up-to-date banking information at their fingertips, businesses can make more informed decisions about their financial future.
Enhanced financial accuracy and control is another advantage of the partnership. By streamlining financial operations, businesses can reduce the risk of errors and improve the accuracy of their financial data.
Charlotte Huang, partner success manager at Yavrio, expressed her excitement about the partnership, stating that it will bring seamless financial automation and intelligent payment solutions to Codec's Microsoft Dynamics 365 Business Central customers. David Wyke, head of practice at Codec, shared similar sentiments, stating that the partnership will bring significant benefits to businesses in the region.
It's worth noting that Yavrio's platform connects to over 14,000 banks across 20 countries, and the company has connected with five major US banks. This wide network ensures that businesses of all sizes can benefit from the partnership.
Yavrio's mission is to simplify financial operations by eliminating manual processes and providing businesses with greater visibility and control over their cash flow. This partnership with Codec is a step towards achieving that mission.
In conclusion, the strategic partnership between Codec and Yavrio offers significant benefits for Microsoft Dynamics 365 Business Central users in the UK and Ireland. By integrating Yavrio’s open banking and embedded payment technology directly into Business Central, businesses can streamline financial processes, reduce manual effort, and increase operational efficiency.
[1] Streamlined financial processes: https://www.yavrio.com/blog/streamline-financial-operations-with-yavrio [2] Reduced manual effort: https://www.yavrio.com/blog/how-yavrio-reduces-manual-effort-in-financial-operations [3] Business continuity and performance: https://www.codec.co.uk/services/azure-expert-msp/ [Further reading] - Yavrio's Open Banking platform: https://www.yavrio.com/open-banking - Yavrio's embedded payment solutions: https://www.yavrio.com/embedded-payments - Codec's Microsoft Dynamics 365 solutions: https://www.codec.co.uk/services/microsoft-dynamics-365/ - Codec's Azure Expert MSP certification: https://www.codec.co.uk/services/azure-expert-msp/ - Yavrio's connection with major US banks: https://www.yavrio.com/blog/yavrio-connects-with-five-major-us-banks
- The partnership between Codec and fintech innovator Yavrio will integrate Yavrio's Open Banking platform into Microsoft Dynamics 365 Business Central, allowing users to access real-time banking data, initiate payments, and automate reconciliation.
- This collaboration will streamline financial operations for businesses, providing them with greater visibility and control over their cash flow, and eliminating the need for manual transactions.
- With a wide network connecting to over 14,000 banks across 20 countries, businesses of all sizes can benefit from the partnership's embedded payment capabilities.
- Codec's partnership with Yavrio is a strategic move aimed at offering significant benefits for businesses in the UK and Ireland, as they work together to simplify financial operations and achieve Yavrio's mission of providing intelligent payment solutions and financial automation to their customers.
