Right from the start, it was clear that partnering with SplashDev would be a pleasure. They are a business consulting and IT solution provider with offices in Romania, Austria and beyond.
Check out the features of Bankfeed.
There is power in partnership. Today, we harness this power by joining forces with SplashDev, a Microsoft partner that has mastered the art of turning software into business success. They are a business consulting and IT solution provider with offices in Romania, Austria and beyond. The team at SplashDev specialises in Dynamics 365 ERP and CRM solutions, creates their own add-ons and works with partners such as Bankfeed to integrate all customer business needs.
The company’s CEO, Hans Kort, shared that they partnered with Bankfeed because of the mutual values and vision for innovation and service excellence. “We are impressed by Bankfeed’s potential to simplify and streamline payment management processes. The add-on’s advanced technology and intuitive interface allow our customers to automate processes and optimise operational efficiency. We also appreciate the Bankfeed team’s commitment to quality and excellence in delivering reliable and innovative solutions”, he added.
When asked about the vision for the future, Hans Kort shared: “We have ambitious plans for our future partnership with Bankfeed. We aim to develop and expand the integration of Bankfeed‘s technology into our existing services to offer our customers a more comprehensive and efficient payment management solution. We look forward to working together to continuously innovate and add value to our customers. In my opinion, Bankfeed, together with SplashDev, can make a difference to our joint customers in their needs for automation and digitalisation.”
We couldn‘t agree more. The partnership between Bankfeed and SplashDev is an essential step in bringing the benefits of automated payment management processes to accountants and business managers all over Romania, Austria, and beyond.
“Right from the start, it was clear that partnering with SplashDev would be a pleasure. We quickly agreed on our sales and marketing strategies and found effective ways to help each other. I’m happy to say that this collaboration is built on a foundation of mutual understanding and a shared commitment to excellence,” concludes Edgaras, 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 [email protected].
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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