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.
