Get a better overview of your finances, budgets, and funds with an experienced partner specializing in solutions for foundations

Funds and financial institutions often have specific requirements for financial management, documentation, approval, and reporting. To ensure that funds, projects, costs, and financial processes are managed properly, it is important to have a Business Central solution that provides visibility, control, and traceability.

Vektus helps you create cohesion between finance, projects, budgets, payments, line-of-business systems, and reporting in Business Central. We work with solutions that closely follow the standard and vendor-independent apps, so the solution can evolve over time without unnecessary complexity or vendor lock-in.

Jakob Wrang

COO

Phone: +45 51 72 78 75

Email: jaw@vektus.dk

Business Central for those with high financial requirements

Vektus specializes in Business Central and assists organizations that need to accurately document their finances. This includes foundations, financial institutions, and organizations that work with grants, external funding, membership dues, project finances, re-billing, cost allocation, or complex reporting requirements.

With Business Central, you get a unified platform for managing finances, budgets, dimensions, projects, payments, and reporting. This makes it easier to track cash flows, document the use of funds, and ensure that financial data is recorded accurately across your organization.

Finance, funding, and reporting at a glance

Vektus’ strength lies in creating cohesion between finance, projects, funds, and reporting in Business Central. When data is integrated across your organization, it becomes easier to manage finances, document decisions, and track budgets, projects, and results.

Among other things, this provides:

  • a better overview of finances, budgets, and funds
  • more precise management of projects, objectives, and grants
  • more detailed documentation of cash flows and costs
  • a better foundation for internal control, auditing, and compliance
  • fewer manual processes and a lower risk of errors
  • more reliable reporting to management, the board of directors, and stakeholders
  • better integration between finance, line-of-business systems, and reporting

Documentation, approval, and separation of duties

For foundations and financial institutions, it is crucial to have a clear understanding of roles, responsibilities, and approval workflows. Business Central can support clear workflows in which recording, approval, and payment are separated, giving the organization better control over its financial processes.

Vektus helps you set up user permissions, approval workflows, traceability, and control points in Business Central. This provides a stronger foundation for internal controls, auditing, compliance, and documentation for the board of directors, auditors, regulatory authorities, and other stakeholders.

Business Central Cloud - in a nutshell

Relationship between projects, funds, and line-of-business systems

Many foundations and financial institutions manage funds that need to be allocated to projects, causes, departments, pools, or grants. That is why it is important that data be recorded correctly from the outset and can be actively used in operations, follow-up, and reporting.

Vektus helps you structure Business Central so that revenue, expenses, re-invoicing, accruals, and reporting are all integrated. We also help you integrate Business Central with your line-of-business systems for areas such as investments, grants, membership management, CRM, portals, and document management.

When data flows smoothly between your systems, there is less manual processing, fewer errors, and a better data foundation for financial management, reporting, and management information.

Vendor-independent apps – flexibility without vendor lock-in

When the standard functionality of Business Central needs to be expanded, Vektus works with vendor-independent apps that support specific business needs. This provides you with a solution that is fully integrated with Business Central, yet more flexible than extensive customizations.

Business Central and vendor-independent apps can work together to support, among other things:

Payments and Bank Integration

Invoice Approval and Approval Workflow

Document Management and Document Processing

Bank Reconciliation and Financial Control

Reporting and Management Information

Automation of Manual Processes

This makes it easier to update the solution over time and reduces the risk of technical debt and dependence on a single vendor.

See the many apps

You have many options for financial and project management in a foundation/financial company – with standard Dynamics 365 Business Central

For foundations and financial institutions with complex requirements

Vektus is particularly well-suited for foundations and financial institutions, where there is a need for high data quality, stable operations, documentable processes, and strong integration between financial systems, line-of-business systems, and reporting.

This applies, among other things, to organizations with:

  • complex economic flows
  • Numerous approvals and strict inspection requirements
  • the need for separation of duties and clearly defined roles
  • accurate cost allocation and re-billing
  • requirements for providing documentation to the board of directors, auditors, or regulatory authorities
  • need for integration between Business Central and line-of-business systems
  • focus on standards-based and future-proof solutions

With Vektus, you gain a Business Central partner who understands financial management, documentation, and the specific requirements that apply to foundations and financial institutions. We’ll help you create a solution that provides clarity, control, and flexibility—without burdening your organization with unnecessary complexity.

Consulting based on experience and trust

Do you need to get a better handle on your finances and documentation in Business Central?

At Vektus, we help you create better integration between finance, projects, funds, approval workflows, line-of-business systems, and reporting in Business Central. We start with your organization, your workflows, and your needs for control, traceability, and flexibility.

Whether you work with grants, project accounting, payments, cost allocation, re-billing, segregation of duties, reporting, or integration with line-of-business systems, we can help you create a Business Central solution that adheres closely to industry standards and is future-proof.

Contact Vektus for a no-obligation discussion about how Business Central can better support your financial management, documentation, and financial processes.

Contact us

Frequently asked questions about Business Central in foundations and financial institutions

When foundations and financial institutions work with Business Central, a number of questions often arise: How do we ensure proper documentation? How do we handle the separation of duties and the basis for settlement? And can the system support the strict requirements we are subject to?

Here, we’ve compiled answers to some of the questions we most frequently encounter when speaking with Vektus customers.

Business Central includes a range of standard tools for project, resource, and financial management that enable you to accurately document cost allocation, payments, and billing bases. Digitizing these processes reduces manual errors, and documentation can always be presented to auditors, regulatory authorities, or external stakeholders.

Yes, Business Central allows you to set up roles, permissions, and approval workflows so that there is a clear separation between those who record, approve, and disburse funds. This is crucial for foundations and financial institutions that operate under strict compliance requirements and need full transparency in their processes.

With Business Central, costs can be recorded directly to projects, funds, or activities, ensuring that they are allocated correctly from the start. The system provides an overview of re-billing and makes it possible to document that expenses have been allocated in accordance with agreements, membership shares, or project terms.

Funds and financial institutions often use specialized line-of-business systems for areas such as investments, loans, or CRM. Business Central can serve as the central financial hub where data from these systems is integrated and recorded under the correct projects. At Vektus, we have extensive experience in establishing stable and effective integrations.

Yes, Business Central can support the specific requirements associated with EU funding, including detailed time tracking and documented approval processes. Vektus has also developed supplementary solutions that ensure the correct allocation of working hours and approval across roles, so that the disbursement of EU funding is not jeopardized.

At Vektus, we have extensive experience with foundations and financial institutions and their specific workflows. We assist with process mapping, setting up the standard Business Central configuration, and selecting vendor-independent apps where needed. The goal is a solution that meets requirements, provides a clear overview, and supports efficient and transparent administration.

Would you like to hear more?

If you would like more information or have any questions, please feel free to contact us.

Feel free to contact us by email, phone, or by filling out the contact form on this page.

Call or write to us

icon+45 5353 2020

iconkontakt@vektus.dk

Contact us here

We are experts and specialists in Business Central. We’re here to help you. So contact us by email or phone or visit one of our four offices.

Please fill out the form, and we will contact you regarding the next steps.

    Your name

    Your e-mail

    Your phone number.

    Your message

    * We treat your data with respect and do not pass it on. You can request deletion at any time. See our privacy and cookie policy. You will find the link at the bottom of the footer on the website.

    Link to: Kontakt os

    Do you have any questions? Send us an email or give us a call

    We are available at the office every weekday Monday to Thursday from
    8.30 – 16.30 and Friday from 8.30 – 16.00.

    Call us on tel: +45 5353 2020
    Write to us at kontakt@vektus.dk

    Addresses

    Vektus A/S: Måløv Byvej 229 V, 2760 Måløv | Vektus – VALBY: Paradisæblevej 4, 2500 Valby | Vektus – AARHUS: Runevej 2 , 8210 Aarhus | Vektus – KOLDING: Jernbanegade 27 , 6000 Kolding
    Phone: +45 5353 2020 | Email: kontakt@vektus.dk
    CVR-Nummer: 34728720

    Privacy and cookie policy