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Bankfeed automates reconciliation directly within Microsoft Dynamics 365 Business Central, helping businesses save time, reduce errors, and gain real-time financial visibility.
Payment reconciliation is the process of verifying bank transactions against customer payments or invoices to ensure your financial records are accurate. Within Microsoft Dynamics 365 Business Central, this step is critical for maintaining clean, up-to-date financial data.
However, manual reconciliation in Business Central can be time-consuming and error-prone. Finance teams often deal with:
Designed specifically for Microsoft Dynamics 365 Business Central, Bankfeed.com offers powerful features that automate and simplify the payment reconciliation process. From seamless bank statement imports to secure, PSD2-compliant connections, each feature is built to save time, reduce errors, and improve financial visibility.
Imports statements from 12300+ banks and payment platforms into Business Central.
AI-powered matching by name, IBAN, or registration number.
Automatically matches payments to invoices with manual adjustment options.
Uses PSD2 open banking protocol for secure connections.
Easy installation via Microsoft AppSource.
Manages multiple accounts and currencies.
Bankfeed.com brings powerful, real-world value to Microsoft Dynamics 365 Business Central users by automating payment reconciliation. From reducing reconciliation time from 5 hours to 5 minutes to achieving up to 98% matching accuracy, Bankfeed helps finance teams work smarter. Enjoy lower costs, stronger compliance, and real-time insights – all in one streamlined solution.
Getting started with Bankfeed.com is fast and hassle-free. Simply install the app from Microsoft AppSource, connect your bank accounts, and configure your settings – all in under an hour.
Explore full functionality with a free 30-day trial, and if you need help, our team is here to support you every step of the way.
What is payment reconciliation software?
Payment reconciliation software automates the process of matching bank transactions with invoices or customer payments to ensure accurate financial records. It reduces manual effort, minimizes errors, and provides real-time financial visibility, especially when integrated with systems like Microsoft Dynamics 365 Business Central. Tools like Bankfeed.com streamline this process by importing bank statements and recognizing payments automatically.
How does automated reconciliation work?
Automated reconciliation works by importing bank transactions and automatically matching them with corresponding invoices or payments in your accounting system, like Microsoft Dynamics 365 Business Central.
With Bankfeed.com, this process is seamless: bank statements are pulled in via secure, PSD2-compliant connections, transactions are recognized using smart rules (like matching IBANs or invoice numbers), and unmatched items are flagged for review. This saves time, reduces errors, and gives you real-time visibility into your financials.
What are the benefits of using reconciliation software?
Reconciliation software automates the matching of bank transactions with invoices, saving time and improving accuracy. Key benefits include:
Solutions like Bankfeed.com offer these benefits directly within Microsoft Dynamics 365 Business Central.
How long does it take to implement reconciliation software?
Implementation time depends on the software and your system setup, but with Bankfeed.com, setup takes less than an hour.
You can install it directly from Microsoft AppSource, connect your bank accounts, and start automating reconciliation right away, with full support available if needed.
How does Bankfeed.com integrate with Microsoft Dynamics 365 Business Central?
Bankfeed.com integrates natively with Microsoft Dynamics 365 Business Central through a certified add-on available on Microsoft AppSource.
Once installed, it connects your bank accounts via secure, PSD2-compliant APIs to automate bank statement imports, payment recognition, and reconciliation – all within the Business Central interface. No third-party tools or manual uploads required. It’s a seamless, real-time solution built specifically for Business Central users.
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 Barclays, Santander, ING, Chase, Bank of America, and many more.
You can search the full list of supported banks here to check compatibility with your financial institution. If you don’t see your bank, contact our team for assistance.
Can Bankfeed.com handle multiple currencies and bank accounts?
Yes. Bankfeed.com is designed to support businesses with multiple bank accounts and currencies. You can easily connect accounts from different banks and countries, and reconcile transactions in various currencies – all within Microsoft Dynamics 365 Business Central.
It’s an ideal solution for companies operating across regions or managing high transaction volumes.
What is the setup process for Bankfeed.com?
Setting up Bankfeed.com is quick and simple. Here’s how it works:
1. Install the app from Microsoft AppSource.
2. Connect your bank accounts using secure, PSD2-compliant APIs.
3. Configure your reconciliation settings in Microsoft Dynamics 365 Business Central.
4. Start your 30-day free trial and begin automating bank imports and payment matching.
Most users complete setup in under an hour—with full support available if needed.
How does Bankfeed.com ensure data security?
Bankfeed.com ensures data security through PSD2-compliant, encrypted connections governed by the European Banking Authority.
All data transfers use secure, regulated APIs, and sensitive information is protected with end-to-end encryption.
We never store unnecessary financial data, and all integrations are built with strict security standards, so your bank information remains safe, private, and fully compliant.
How much does Bankfeed.com cost?
Bankfeed.com offers flexible pricing based on the number of connected bank accounts. Whether you’re a small business or managing high volumes across multiple accounts, there’s a plan to fit your needs.
You can explore all features with a free 30-day trial. For detailed pricing information, visit the Bankfeed Pricing Page or contact our team for a custom quote.
Still have questions?
[email protected]Feel free to leave your question here and we will email you the answer as soon as possible.
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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