Yodlee bank feed integrator stopped - Azzure IT
Azzure IT

Yodlee bank feed integrator stopped

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Since late 2016, the Envestnet-Yodlee platform has been a key integration for Microsoft Dynamics 365. With the addition of this key financial data platform, businesses using Dynamics 365 have been able to access banking data from a large number of financial institutions.

This powerful integration has allowed users to automatically or manually feed financial information into their reconciliation processes and ensure they are always processing the latest payments for invoices, credit memos, or other open entries. Providing great business benefits such as:

  • Removing the need for manual entry
  • Improving efficency and accuracy when performing payment reconciliation or the ability to outsource the process to an accountant
  • Enabling access to up-to-date banking information from within the Dynamics 365 Business Central solution.

The platform integration has worked seamlessly, that is until the EU’s revised directive on Payment Services (PSD2 – open banking) comes into full effect on 14 September, 2019. As a result Microsoft will be deactivating this integration to ensure it complies with the PSD2 regulations, resulting in solution users being in the dark and wondering what they can or should be doing.

As a leading UK Microsoft SMB Gold partner, we’ve been in 1-2-1 discussions with them to understand the situation in detail, and devise a support plan on what you can do to continue. Contact us to discuss your options.

CONTACT

Azzure IT
10 Europa View, Sheffield Business Park, Sheffield, S9 1XH, UK

The UK’s Leading Microsoft Dynamics 365 Business Central Provider

t. 0345 467 9950
e. enquiries@azzure-it.com

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