Mekorma Build x96: New Features
The latest Mekorma Build (x96) was released November 7, 2024 and is available now for download. This build is compatible with Microsoft Dynamics GP 18.7 US Payroll Year-End Updates 2024, in addition to 18.5 and 18.6. The release focuses on new vendor validation features to enhance your vendor management process.
In this blog post, we’ll explore the new features you can look forward to in build x96, including:
Validating vendor address, tax ID information, and comparing vendor data to the United States Department of Treasury’s Office of Foreign Assets Control (OFAC) Sanctions List
Allowing multiple users to process invoices simultaneously in the Mekorma Invoice Capture Validation window
Enhancing the process of importing invoice data into the Invoice Capture Validation window along with optimizing the overall performance when handling a large volume of invoices
Mekorma Vendor Validation
Mekorma Vendor Validation works in conjunction with Dynamics GP to save you time on critical Accounts Payable (AP) processes by using three validation services to verify different types of vendor data during onboarding and on demand.
TIN Matching verifies a vendor’s name and Taxpayer Identification Number (TIN) with the Internal Revenue Service (IRS), ensuring legitimacy and saving you stress.
The OFAC Screen compares vendor data with the United States Department of Treasury’s Office of Foreign Assets Control (OFAC) Sanctions List. This list includes entities you want to avoid doing business with such as groups deemed a threat to the United States.
Address Validation checks vendor addresses for accuracy with Google Address Validation, for payment, shipping, and tax compliance purposes.
These are critical validations that AP teams often neglect to perform and, unfortunately, the penalties for non-compliance can be significant. Depending on how you configure your thresholds, these validation tool can reduce corporate risk and assist in compliance efforts by preventing transactions that breach both Internal Revenue Service (IRS) and OFAC standards.
All validation results are compiled and displayed clearly in your system. If you are audited, Mekorma Vendor Validation shows auditing officials that the best efforts have been and continue to be made to meet compliance requirements.
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There are two ways to validate vendor data – one vendor record at a time, using Mekorma Vendor Validation window (Routines > Payables > Validate Vendor), or multiple vendor records at the same time, using the Mass Vendor Validation window (Routines > Payables > Mass Vendor Validation).
Validating data for one vendor record during the onboarding process, or when you need to make a change to an existing record, is quick and easy. Vendor Validation runs automatically when you make changes to a vendor record and click Save. Or you can validate a vendor by selecting the option from the Additional button.
You also can validate a group of vendor records to audit a larger amount of existing data in your GP system. If you have a large volume of vendors, we recommend not selecting too many vendors at once as it may slow down your system while the data is processed.
Need help setting up vendor validation? Contact our support team. We’re always happy to help.
Mekorma Invoice Capture
Mekorma Invoice Capture reads, extracts, and pushes digital invoice data into Microsoft Dynamics GP, displaying the information in the Mekorma Invoice Capture Validation window.
In build X96, multiple users can now process invoices simultaneously in the Mekorma Invoice Capture Validation window. However, the system ensures that users cannot process the same invoice at the same time.
Another enhancement in Invoice Capture is with the process of importing invoice data into the Invoice Capture Validation window. When invoice documents are not scanned, but still attached to the invoice, they are now removed from the holding table once the invoice that they are associated with is created in Dynamics GP. This optimizes the invoice import and improves performance.
Additional Resources
User Guides
Release Notes: Mekorma Payment Hub x96
Release Notes: Mekorma Invoice Capture x96
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*Mekorma Invoice Capture GP Component and Power App Packaging
*Mekorma Mobile Workflows GP Component and Power App Packaging
* If you would like assistance with deploying Power Approvals, Invoice Capture, or Mobile Workflows, please contact us at professionalservices@mekorma.com.
** If you are interested in Remote Payment Services, please contact us at sales@mekorma.com.
