The ERP integration between Nuvei and Microsoft Dynamics 365 could be a lifesaver feature for SMBs

Nuvei, one of the largest Canadian fintech corporations, announced the release of the ERP integration, in partnership with Microsoft Dynamics 365, according to the company’s latest post.

The ERP integration will allow SMBs (small and medium-sized businesses) to add an array of payment methods to their infrastructure, otherwise known as enterprise resource planning (ERP) modules. These methods could effectively transform the way many SMBs operate.

It would not only streamline operational workflows, but it would greatly improve back-end processes for many businesses operating in industries such as construction, distribution, transportation, manufacturing, or sales.

Integrating our payments technology to the market leader in ERP directly connects us to thousands of businesses and millions of users across the globe in a market with substantial total addressable market (TAM).

Philip Fayer, Nuvei CEO

However, the integration doesn’t just stop here. It offers an array of other perks to SMBs.

How can the Nuvei-Microsoft Dynamics 365 partnership help SMBs?

The ERP integration will allow SMBs access to features such as invoice matching and proprietary cash acceleration.

These will effectively let businesses have greater control over finances. The integration will also come with near-real-time payment information, giving SMBs the tools they need to avoid critical errors and making sure the payments are all accounted for.

Nuvei is well known for its various payment processes, and with this integration, Microsoft promises automatic payments, including features such as recurring billing, but also access to many other options, such as benefits from card issuing, banking, risk, and fraud management services, according to the press release.

Payments, including AR automation, is a critical component of the user experience for ERP.

Mike Morton, Microsoft Dynamics 365

Basically, the integration can cover up significant parts of a SMB’s infrastructure, at a minimal cost for the company. If we take into account that both Nuvei and Microsoft will offer support to customers dealing with any issues the ERP integration could cause, companies employing the integration within their infrastructure could potentially overcome harsher economic situations.

Plus. Microsoft Dynamics 365 is quite an easy platform to use, according to our review. So SMBs can easily implement the integration, learn to use it quickly, and reap the benefits of it.