Bankfeed connects to 2300+ banks and payment platforms, automatically imports bank statements to Microsoft Dynamics 365 Business Central and accurately reconciles payments with invoices.
It saves you hours, prevents errors, and enables real-time payment information without logging into banks.
Most relevant for companies that:
- Have a lot of transactions
- Use several bank or payment platform accounts
- Want to view payments in real time
- Need to post payments quickly and error-free
- Have operations in multiple countries
Why do accountants and business managers love Bankfeed?
- Wide coverage: The solution works with 2300+ banks and payment platforms. You may check the full list of supported financial institutions in Romania HERE
- Fast installation: Bankfeed is packed with useful tools so you could install and start using it in a matter of minutes
- 30-day free trial: Instead of imagining the possibilities, explore all features at no cost for a month
- Time-saving: Significantly reduce manual work by automating bank statement import and payment reconciliation
- No more errors: Forget the “Oops, I missed this payment”. Bankfeed accurately matches payments with invoices
- Real-time data: Execute orders faster by having real-time payment information in Business Central
Built inside Microsoft Dynamics 365 Business Central
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.
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.
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.