The application provides a two-way automated connection between the ERP system and the banks’ online platforms. It allows for easy export of approved invoices for payment in a standardized banking format, which can be directly imported into the respective bank’s electronic system to generate payment orders. After the payments are processed, the bank provides statements that are automatically imported back into the ERP system, reflecting all account movements without the need for manual data entry.
Key Highlights:
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Automated export of payment orders in a standardized banking format;
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Direct import of payment orders into online banking systems;
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Automatic retrieval and posting of bank statements in the ERP system;
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Reduced manual work and risk of errors in preparing and entering payments;
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Accelerated payment processing and accounting workflows;
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Improved traceability and accountability of financial operations;
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Optimized integration between internal financial processes and banking institutions.