We are thrilled to announce that one of the UK’s strongest Microsoft partners, Elite Dynamics, has become our new partner.
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We are thrilled to announce that one of the UK’s strongest Microsoft partners, Elite Dynamics, has become our new partner.
Check out the features of Bankfeed.
In the multitude of fields and industries our existing and future customers work in, we believe their Microsoft partner is the one who knows the customer’s needs best. Therefore, we are thrilled to start the partnership with one of the strongest Microsoft partners in the UK – Elite Dynamics, the leaders in the niche Holiday Park industry.
Elite Dynamics was created to disrupt a market saturated by archaic technology. They have developed a range of Microsoft Dynamics 365 Business Central solutions to simplify processes for holiday park owners and help improve their bottom line. In addition, they are always on the lookout for top-notch software to complement their current solution portfolio and bring extra value to their customers.
“Our customers work with us because we understand their industry and how to implement business improvement processes. That’s why we are diligent when selecting Business Central add-ons to offer to our customers. The quality, necessary functions and a strong support team on the software developer’s side are a must for us. We are thrilled to have found that in Bankfeed,” shares Jamaine Campbell, Managing Director of Elite Dynamics.
This partnership is a testament to our shared vision of delivering excellence and driving innovation. We are thrilled to make the accountants of Elite Dynamics’ customers happier by automating their routine processes and saving up precious time for higher-value tasks.
“We are proud to team up with Elite Dynamics and are impressed with the quality of solutions and services they provide for their customers in the UK. It is exciting to be a part of their carefully crafted solution portfolio for the elevated and effortless customer experience. Looking forward to many years of continued partnership!” – concludes Povilas Safranauskas, Partner Manager at Bankfeed.
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Hello,
I found this Dynamics 365 Business Central add-on that would save me tons of time by automatically importing bank statements and matching payments with invoices.
It has certain technical requirements like an up-to-date Business Central version and banks that comply with the PSD2 open banking protocol. Could you please check the requirements and let me know if we are able to use the Bankfeed app?
The requirements are here: www.bankfeed.com/faq/, or you may contact the add-on’s developers at hello@bankfeed.com.
Bankfeed works as an add-on for Microsoft Dynamics 365 Business Central. Therefore the usage of this ERP system is necessary. The solution works best with the three latest versions of Business Central.
Before installing Bankfeed, we recommend checking if the following conditions are met:
1. Open banking API (PSD2) is not occupied.
If you use online payment provider services (Wordline, Wordpay, etc.), they might be connected through an open banking API. Therefore, Bankfeed will not be able to connect to this API as it is already occupied. In these situations, we can connect Bankfeed through the bank’s direct API, known as a Gateway. However, it usually requires additional banking fees and additional implementation hours.
2. Banks provide the information required for recognition and reconciliation.
Even though open banking is regulated using the PSD2 protocol and is mandatory for all EU banks, the banks treat these requirements differently. The amount of information provided through the APIs and its quality can differ depending on the bank. This can lead to a situation where Bankfeed will not be able to properly identify customers/vendors or documents because of the lack of data.
Here is a list of mandatory bank fields needed to enable Bankfeed’s payment recognition and reconciliation. Please check HERE if the banks you are using provide the information from these fields:
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