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BANKFEED
An automatic bank statement import and payment recognition solution that connects D365 Business Central to more than 2300 banks in all EU countries and the UK, and more than 10000 banks in the USA and Canada!
Your Intelligent Payment Management Solution
Bankfeed connects to thousands of international banks and payment platforms, automatically imports bank statements to Microsoft Dynamics 365 Business Central, and accurately reconciles payments with invoices.
Bankfeed automates routine tasks that take up too much of your valuable time, turning payment management into a matter of minutes!
It saves you hours, prevents errors and enables real-time payment information without logging into banks. No more sharing sensitive information or guessing if customers have paid.
An essential solution for
your Business if:
- You perform a lot of transactions
- Use multiple banks
- You need to verify payments in real time
- Need to post payments quickly and error-free
- Have operations in multiple countries
Key solution facts
Bankfeed features
1. BANK STATEMENT IMPORT
. All bank transactions directly in Business Central.
. After connecting Bankfeed to your bank accounts, you will automatically receive the bank statements in Business Central.
. In the list of parsed bank statements, you will see the period, the bank IBAN, the currency, the number and amount of debits and credits.
. You can also deep dive into the transactions of each statement.
2. PAYMENT RECOGNITION
. Customers, suppliers & documents identified automatically.
. To match payments with invoices, Bankfeed first recognises each transaction.
. The customer or supplier can be recognised by their name, IBAN or registration number, while the document to match with and bank fees are identified using additional rules.
3. PAYMENT RECONCILIATION
. Payments matched with invoices in no time
. This might be the biggest time saver of all.
. Bankfeed automatically and accurately reconciles payments with previously issued invoices. Note that you are still in full control so, if necessary, make any manual adjustments before posting the journal lines.