Why is manual tracking of bank movements so risky?
Maintaining bank account activity in Excel or external tools increases the risk of errors, prolongs reconciliations and prevents a realâtime view of your cash position. The Bank Integration module brings your bank movements directly into ERP and reduces this risk.
Why should you use the Bank Integration module?
Faster reconciliations
Replace manual processing of bank statements with automatic matching and reduce the workload on accounting and finance teams.
Realâtime cash visibility
Monitor all your bank accounts from a single screen and know exactly what cash inâ and outflows to expect on which days.
Lower error risk
Use ruleâbased automation for repetitive tasks to minimize entry errors and missed transactions.
Key capabilities of the Bank Integration module
It offers automated bank statement import, matching of movements with customer/vendor accounts and invoices, and automatic posting of FX differences and bank charges. You can track multiple banks and accounts from a single panel and see your cash position in real time.
How does the bank integration process work?
First, your banks and accounts are defined. Depending on your integration method (file import or online connection), statements are brought into the system and matched to open items using predefined rules. Movements with a clear match are closed automatically; exceptions are flagged for user review.
How does the Bank Integration module work with ERP processes?
All bank movements share the same data model as your finance and accounting modules. Collections and payments that match your payment plans automatically update the status of related items. This keeps your cashâflow tables continuously up to date.
Frequently asked questions about the Bank Integration module
Different integration methods can be used per bank. In line with security standards, user permissions and access logs are tightly controlled. If you prefer, you can start by integrating only selected accounts or branches.
Connect your bank movements with ERP
Letâs schedule a discovery session to see how the Bank Integration module can automate your cashâflow tracking and accounting entries.
Multiâbank and multiâaccount support ⢠Automatic matching rules ⢠Secure connection options