Effective cash flow management requires a fast, accurate and reliable connection between internal financial processes and banking systems. Manual processing of payments and bank statements often leads to delays, errors and additional administrative workload. In response to these challenges, ITC Consult has developed a solution for automated integration with banking systems, fully embedded within the ERP solutions it implements.
The application provides a two-way automated connection between the ERP system and the banks online platforms. Approved invoices for payment are automatically exported in a standardized banking format, which can be directly imported into the respective banks electronic systems to generate payment orders. Once the payments are executed, bank statements are automatically returned to the ERP system, where all account movements are recorded without the need for manual data entry.
Key highlights:
- Automated export of payment orders in a standardized banking format;
- Direct import of payment orders into online banking systems;
- Automatic return and posting of bank statements into the ERP system;
- Significant reduction of manual work and the risk of errors in payment processing;
- Faster execution and accounting of payment processes;
- Improved traceability, control and reporting of financial operations;
- Optimized and secure connection between the ERP system and banking institutions.
This solution is part of the ITC Consult Marketplace for ERP.net – a dedicated section where ITC Consult publishes additional applications and solutions developed based on real business needs and extensive practical experience. ERP.net users can explore the available functionalities and receive additional information tailored to their specific requirements.
The ITC Consult Marketplace for ERP.net is designed as a practical tool for both current and future users of the system who are looking for effective solutions to optimize their business processes. The section will gradually feature ITC Consult developments, with each application presented through concise information and the option to submit an inquiry for further details, a demonstration, or the development of a customized solution.
Explore the available applications and submit an inquiry on the ITC Consult Marketplace for ERP.net page >>