Bankfeed
Bankfeed is an extension for Microsoft Dynamics 365 Business Central that provides automatic loading of bank statements directly into the system. The solution connects bank accounts with ERP and enables secure data transfer without the need for manual file downloads and imports.
Who is the solution intended for?
Bankfeed is the ideal solution for companies that process large volumes of payments or manage multiple bank accounts across currencies and countries. Typical users include:
- Accounting and tax offices
- Mid-sized and growing businesses
- Companies that cooperate with banks
- Organizations with a high number of daily payments
- Teams that need fast, accurate and up-to-date financial information
What does Bankfeed bring?
- Better reporting – clean and structured data for controlling
- Faster overview of cashflow – always up-to-date financial situation
- Secure and auditable processes – full control over data
- Time savings – less routine, more space for analysis and decision-making
The essence of the solution
The basis is the connection of bank accounts directly with the enterprise system (ERP), which eliminates the need for manual downloading and uploading of bank statements.
Bankfeed connects to the bank and regularly automatically sends statements to Business Central.
It appears in the system as a standard statement, with which the accountant works further: matching, checks, closings.
- Supports various statement formats
- Does not require manual intervention
- Is secure and auditable
- Suitable for accounting firms, finance and internal teams
Automation
Statements are synchronized automatically several times a day.
Matching payments
AI algorithms automatically identify customers and suppliers by name, IBAN or variable symbol and match payments to invoices with a success rate of up to 95–99%.
Real-time overview
Accountants can see current balances and movements directly in Business Central without having to log in to the bank.
Safety
It uses PSD2 (Open Banking) standards, which ensures secure and encrypted data transmission under the supervision of European banking authorities.
Further information
If you are interested in detailed technical specifications or a consultation on your Business Central environment, please contact us.
Contact Us
Have questions? Don’t hesitate to contact us, and we’ll be happy to answer them.
+420 739 054 191 
info@essencebs.com 
