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Automate bank statement reconciliation
in Microsoft Dynamics 365 Business Central
Bank statement reconciliation ensures your bank transactions match accounting records for accuracy and compliance.
Manual reconciliation is time-consuming and error-prone – Bankfeed.com automates the process
in Microsoft Dynamics 365 Business Central, saving time and improving financial visibility.
What is bank statement reconciliation?
Bank statement reconciliation is the process of comparing your bank statements with accounting records, like your general ledger, to ensure all transactions are correctly recorded and accounted for. It’s a critical step in maintaining financial accuracy and avoiding discrepancies.
In Microsoft Dynamics 365 Business Central, reconciliation ensures your ERP data is reliable for reporting, audits, and business decisions. But when done manually, the process can be:
- Time-consuming due to manual bank statement imports
- Prone to errors, especially with high transaction volumes
- Difficult to manage across multiple bank accounts or currencies
- Delayed in surfacing discrepancies or uncleared payments
Key features of Bankfeed.com
Bankfeed.com simplifies bank statement reconciliation in Microsoft Dynamics 365 Business Central with automated imports, smart transaction matching, secure PSD2 connections, and real-time visibility, making reconciliation faster, easier, and more accurate.
Automatic bank statement import
Imports statements from 12300+ banks into Business Central.
Customer/supplier recognition
AI-powered matching by name, IBAN, or registration number.
Bank transaction matching
Automatically matches bank transactions to accounting records with manual adjustment options.
Security & technology
Uses PSD2 open banking protocol for secure connections.
User-friendly setup
Easy installation via Microsoft AppSource.
Multi-bank and currency support
Manages multiple accounts and currencies.
Benefits of using Bankfeed.com
Bankfeed.com helps Business Central users streamline bank statement reconciliation, saving time, increasing accuracy, and improving financial control with real-time insights, lower costs, and audit-ready records.
How to choose the bank statement reconciliation software
Start smart
Try Bankfeed free for 30 days to see how well it fits your reconciliation needs.
Getting started with Bankfeed.com
Frequently asked questions
about automated reconciliation software
What is bank statement reconciliation software?
Bank statement reconciliation software automates the process of matching bank transactions with accounting records, such as invoices or payments. It helps businesses ensure financial accuracy, reduce manual errors, and save time, especially when integrated with systems like Microsoft Dynamics 365 Business Central.
Solutions like Bankfeed.com streamline this process by importing bank statements, identifying transactions, and reconciling them in real time.
How does automated bank statement reconciliation work?
Automated bank statement reconciliation imports bank transactions and matches them with your accounting records, like invoices or payments, without manual input.
With Bankfeed.com, this happens directly in Microsoft Dynamics 365 Business Central using PSD2-compliant connections and smart matching rules. The result: faster, more accurate reconciliation with real-time financial visibility.
What are the benefits of using bank statement reconciliation software?
Bank statement reconciliation software automates the process of matching bank transactions with accounting records, helping businesses:
1. Save time by reducing manual work
Improve accuracy with automated, AI-driven matching
2. Gain real-time visibility into financial data
3. Simplify audits with clear, traceable records
4. Prevent errors and detect anomalies early
Tools like Bankfeed.com deliver these benefits directly within Microsoft Dynamics 365 Business Central.
Can bank statement reconciliation software integrate with my existing systems?
Yes, many reconciliation tools are built to integrate with popular accounting and ERP systems.
Bankfeed.com is designed specifically for Microsoft Dynamics 365 Business Central, offering seamless, native integration. It connects directly to your bank accounts via secure, PSD2-compliant APIs, so you can automate reconciliation without changing your existing workflows.
How long does it take to implement bank statement reconciliation software?
Implementation time varies by solution, but Bankfeed.com can be up and running in less than an hour.
Simply install it via Microsoft AppSource, connect your bank accounts, and start reconciling – no complex setup or technical expertise required.
How does Bankfeed.com integrate with Microsoft Dynamics 365 Business Central?
Bankfeed.com integrates natively with Microsoft Dynamics 365 Business Central as a certified add-on available through Microsoft AppSource.
Once installed, it securely connects your bank accounts via PSD2-compliant APIs and automates bank statement imports, payment recognition, and reconciliation – all within the Business Central interface. No third-party tools or manual uploads needed.
Which banks are supported by Bankfeed.com?
Bankfeed.com supports over 12,300 banks and payment platforms across Europe, the UK, the USA, and Canada. This includes major institutions like Chase, Barclays, HSBC, ING, Santander, and many more.
You can search the full list of supported banks here to check compatibility. If your bank isn’t listed, feel free to contact our team for assistance.
Can Bankfeed.com handle multiple currencies and bank accounts?
Yes. Bankfeed.com is built to support multiple bank accounts and currencies, making it ideal for businesses operating across regions or managing complex financial structures.
You can connect accounts from different banks and countries, and reconcile transactions in various currencies – all directly within Microsoft Dynamics 365 Business Central.
How does Bankfeed.com ensure data security?
Bankfeed.com ensures data security through PSD2-compliant connections and end-to-end encryption. All bank data is accessed via regulated open banking APIs governed by the European Banking Authority, ensuring secure and authorized data exchange.
No unnecessary data is stored, and every transaction is handled with strict security standards, keeping your financial information safe, private, and fully compliant.
How much does Bankfeed.com cost?
Bankfeed.com offers flexible pricing based on the number of connected bank accounts and your business needs. Whether you’re managing a few accounts or handling high transaction volumes, there’s a plan that fits.
You can get started with a free 30-day trial to explore full functionality.
👉 View pricing plans or contact our team for a custom quote.
Still have questions?
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your reconciliation!
