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Bankfeed
Bankfeed automatically imports your 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.
Why do accountants and business managers love Bankfeed?
Accountants and business managers love Bankfeed for its seamless integration with accounting software, providing real-time updates and automatic transaction feeds, streamlining financial management tasks and enhancing productivity
1-month free trial with full functionality
Significantly less manual work due to the automatic bank statement import and payment reconciliation
No errors: Bankfeed automatically and accurately matches payments with invoices
Faster order execution because of the real-time payment information in Business Central: no need to log into banks
Works with 2300+ banks and several payment platforms (Kevin, Klarna, etc.)
Check the full list of supported financial institutions here
Bankfeed Features
Simplify Your Finances: Explore Our Comprehensive Bankfeed Features for Effortless Integration and Management
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 is identified using the “Message to Recipient” and the “endToEndID” fields. Additionally, text-to-account mapping is usually used to identify bank fees.
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.
Want to know more? Get in touch with us today!
SplashDev is a Microsoft Dynamics 365 Solution Provider that helps companies achieve performance excellence and make sure their investment in software brings real, measurable results.
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