With the billwerk Dynamics 365 Connector, subscription business models can now be easily integrated into Dynamics 365
Frankfurt am Main, December 15th 2021 – billwerk, the European leader for subscription management solutions, has developed a standard connector for automated data exchange between billwerk and Dynamics 365 Finance and Supply Chain Management in cooperation with the Hamburg-based IT consulting company Sven Mahn IT. The connector automates and simplifies the data protection-compliant transfer and synchronizes the data for monthly and annual financial statements between billwerk and the Microsoft solution. The connector is thus highly relevant for all companies that operate subscription business models and use Dynamics 365. Just this October, the Frankfurt-based SaaS company, which is one of the 30 fastest-growing tech companies in Germany, caused a stir in the industry with its standard connector in SAP Finance.
Dynamics 365 ERP on the way to becoming global number 1
The market for ERP systems is very competitive. According to an IDC study published in 2019, SAP is the leader with a market share of 14.7% in Germany. The Nucleus Research ERP Value Matrix 2021 concludes that Dynamics 365 is the market leader in the cloud ERP segment. With the development and provision of the billwerk Dynamics 365 Connector, billwerk and Sven Mahn IT are taking this development and the high significance of Dynamics 365 ERP into account.
With the billwerk Dynamics 365 Connector, two leading cloud solutions are thus integrated simply and quickly, entirely in the sense of a cloud-to-cloud solution. For companies, this means specifically:
- continuous automated processes between both systems
- lower process costs and reduction of error rate
- accelerated time-to-market (both initially and during operation)
- a high degree of efficiency with a fast return on investment
Advantages of the billwerk Dynamics 365 Connector
The Connector enables seamless connection to Dynamics 365 Finance and Supply Chain Management and was developed to standardize and automate the workflow of data transfer from billwerk to Dynamics 365, thus ensuring connection to controlling and accounting. With the help of the Connector, financial data managed in billwerk can be transferred and synchronized to financial accounting in Dynamics 365 in an automated, fast and data protection-compliant manner. The connector automatically transfers customer data, booking journals and invoice data. This means that all the data required for the monthly and annual financial statements is completely available in Dynamics 365: “With the Connector, the otherwise usual high initial effort of a native cloud-to-cloud integration is eliminated. This significantly reduces project costs and our customers are ready to go straight away,” says Pierre Schramm from billwerk.
Cloud-based ERP systems such as Dynamics 365 are highly configurable and come with a wealth of options for contracts and payment. What they don’t offer is functionality to run subscription business models ‘out of the box’. “To map subscription models in Dynamics 365, either costly customizing or the development of an extension is required. For business models characterized by dynamic and flexibility, this is rather a hindrance,” explains Kerstin Ishorst, Head of Product Management at Sven Mahn IT.
Benefits for companies using the Connector:
- the combined benefits of the leading cloud solutions for Subscription Management and Finance and Supply Chain Management
- no initial integration effort, simple setup, ready to use immediately
- End-to-end process automation and bidirectional synchronization of tax-relevant financial data as well as customer data, booking journals and receipts
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billwerk was founded in 2015 by Dr. Ricco Deutscher and his co-founders. With its subscription management platform, billwerk reliably contributes an essential part of the digital value chain for recurring business models. Today, billwerk employs 67 people at its headquarter in Frankfurt am Main, Germany, as well as in its offices in Minsk, Belarus and Gdansk, Poland. The subscription management platform is currently used by several hundred midmarket and enterprise customers as well as fast-growing startups in Europe. billwerk was awarded the Deloitte Technology Fast 50 Award in 2021, making it one of the 30 fastest-growing tech companies in Germany.
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About Sven Mahn IT – The Dynamics Authority
Sven Mahn IT is the experienced consulting and development partner for the ERP solutions Microsoft Dynamics 365 Finance and Supply Chain Management as well as Dynamics AX. The claim of the Hamburg ERP service provider is to realize the best Dynamics together with its customers with unique products and expert knowledge. The portfolio ranges from ERP consulting to the introduction of Dynamics as well as the implementation of individually tailored solutions to comprehensive services for operation and support. With many years of experience and in-depth system know-how, Sven Mahn IT supports not only national and international customers, but also the manufacturer and other Dynamics partners. The company’s special focus is on quality assurance, test optimization, release automation as well as user certification.