Bank account lifecycle management

Dynamics 365 Finance

A new feature in D365FO version 10.0.40 allows for bank account lifecycle management via approvals and audit trail.
The feature is specific to managing company bank accounts in the Cash and Bank management module, different from vendor bank account workflow in the Accounts Payable module.
To enable bank account lifecycle management, the (preview) feature must be activated to access the workflow for bank account changes, change history for auditing, and adding bank account signers.
A new workflow type 'Workflow for proposed bank account change' needs to be created and activated in the Cash and Bank management module.
The 'Cash and bank master data change setup' form allows for enabling workflows for new and existing bank accounts, with corresponding approval fields to be selected.
Changes made to selected fields trigger approval workflows, with the old value remaining visible until workflow approval.
The change history for bank accounts can be viewed in the 'Changes' tab, displaying details of the changes made.
A new field group for signer information is available in the bank account master data, allowing for selection of signers with effective start and end dates.

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