The partnership with Arquiconsult feels like a natural fit. They are a Microsoft Certified consulting firm with a proven track record of successful projects across Portugal, Spain, and beyond.
Check out the features of Bankfeed.
In the spirit of collaboration and mutual growth, we are happy to announce a partnership between Bankfeed and Arquiconsult, a Microsoft Certified consulting firm specializing in Microsoft Dynamics 365 solutions. With experts dedicated to continuous improvement, Arquiconsult stands out in the tech field. Their multicultural team and extensive global network of strategic partners have a proven track record of successful projects across Portugal, Spain, and beyond.
The company is committed to delivering innovative solutions that empower customers to achieve their business objectives. Bankfeed has proven to be an asset in this regard. Its robust features and intuitive interface streamline payment management processes, allowing Arquiconsult’s customers to allocate more time and resources to strategic initiatives.
The company’s D365BC Delivery Team Manager, Cláudio Carvalho, shares that “in addition to its functionality, Bankfeed’s support team has been invaluable. They are always responsive, knowledgeable, and dedicated to helping us get the most out of the software. Their expertise has been instrumental in ensuring a smooth integration and ongoing optimization of our payment processes.”
He then adds, “We’re confident that our clients will benefit greatly from the advantages that Bankfeed offers. The automation and efficiency gains provided by the software will enable them to improve their bottom line, enhance cash flow management, and ultimately achieve greater success.”
We couldn‘t agree more. The partnership between Bankfeed and Arquiconsult is an essential step in bringing the benefits of intelligent, automated payment management processes to accountants and business managers all over Portugal, Spain, and beyond.
“I am genuinely excited to join forces with Arquiconsult. Their expertise in Microsoft Dynamics 365 and their approach to global project management make them an ideal partner to bring the benefits of Bankfeed to more companies. Even more importantly, their dedication to customers mirrors our own, so this partnership feels like a natural fit. I am very excited to see what our combined efforts will bring”, concludes Povilas, 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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