We are proud to partner with ELIAN Solutions. Their dedication to delivering exceptional solutions and commitment to customer success aligns perfectly with our values at Bankfeed.
Check out the features of Bankfeed.
Great partnerships, like great solutions, begin with understanding people’s needs. That’s why we’re delighted to announce our collaboration with ELIAN Solutions, a trusted Microsoft partner from Romania with over 16 years of experience in ERP implementation.
As part of the Bittnet Group, ELIAN Solutions has established itself as a leading provider of high-quality software that enables businesses to adapt their processes to market dynamics. Their commitment to individualized customer care and innovative solutions makes them an ideal ambassador for Bankfeed.
“We chose to work with Bankfeed because its robust automation capabilities align perfectly with our goal of offering our clients streamlined financial solutions. The product addresses a key pain point for our customers by simplifying the process of handling bank transactions, which adds value to our portfolio,” shares Alina Ionescu, Sales Manager at ELIAN Solutions.
According to her, the team’s appreciation for Bankfeed stems from its seamless integration capabilities and user-centric design. “We appreciate the ease with which Bankfeed integrates into existing systems, its intuitive interface, and how it eliminates manual bank reconciliation tasks. The product significantly boosts efficiency and accuracy, providing our clients with measurable improvements in their financial operations.”
Looking toward the future, Elian Solutions has ambitious plans for the partnership. “Moving forward, we plan to enhance our partnership by promoting Bankfeed within our client network and collaborating on joint marketing initiatives. We’re also looking to identify new opportunities where our combined expertise can create additional benefits for our customers and further solidify our collaboration,” reveals Alina Ionescu.
This partnership between Bankfeed and ELIAN Solutions represents a significant step in bringing automated payment management solutions to businesses across Romania.
“We are proud to partner with ELIAN Solutions, which brings deep expertise in Business Central implementations and strong customer relationships in Romania making them an invaluable addition to our partner network. Their dedication to delivering exceptional solutions and commitment to customer success aligns perfectly with our values at Bankfeed,” – 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 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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