Introducing Bankfeed – an intelligent payment management solution designed to automate the boring, error-prone work.
Is your company receiving a lot of payments? Are you using more than one bank account? Bankfeed saves time and eliminates errors by automating the import of bank statements and accurately reconciling payments with invoices.
You may spend 5 hours a day doing what Bankfeed helps you do in 5 minutes. Significantly reduce the amount of manual work and mistakes by automating the bank statement import and payment reconciliation process.
View all bank transactions directly in Business Central without logging into banks. Bankfeed connects to 2300+ banks and payment platforms. No more sharing of sensitive information or guessing if the customers have paid.
Features:
BANK STATEMENT IMPORT
After connecting Bankfeed to your bank accounts, you automatically receive the bank statements in Business Central and are able to deep dive into the transactions of each statement.
PAYMENT RECOGNITION
To match payments with invoices, Bankfeed first recognises each transaction. The customers, suppliers and documents are identified automatically using a complex list of pre-defined rules.
PAYMENT RECONCILIATION
Bankfeed automatically and accurately reconciles payments with invoices. Note that you are still in full control, so if necessary, make any manual adjustments before posting the journal lines.
