Bank feeds are a powerful new feature launched by Finofo that automatically sync your financial transactions between Finofo and your ERP system. This feature streamlines your reconciliation and bookkeeping processes, saving you time and reducing manual errors.
How do Bank Feeds work with Finofo?
Connection: Bank feeds establish a secure connection between Finofo and your ERP system.
Automatic Sync: Once connected, your Finofo transactions are automatically exported/pushed to your ERP every 60 minutes.
Ready for Reconciliation: These transactions appear in your ERP, pre-organized and ready for reconciliation.
What is the impact of Finofo’s Bank Feeds?
Time-Saving: Eliminate manual data entry and reduce your accounts payable workflow to minutes instead of hours.
Accuracy: Reduce errors associated with manual data entry.
Efficiency: Start reconciliation with your transactions already organized in your ERP.
Real-Time Updates: With hourly syncs, your ERP data stays current.
Supported ERPs
Currently, Finofo's bank feeds feature supports:
Sage Business Cloud
Sage Intacct
NetSuite
Support for QuickBooks Online, Xero, and Dynamics 365 is coming soon.
Impact on Your Workflow
🔗 With bank feeds, you can:
Import unpaid bills from your ERP into Finofo
Pay these bills in bulk through Finofo
Automatically push the payment transactions back to your ERP
This streamlined process can help you close your books significantly faster.
💡 Need more help in understanding Bank Feeds with Finofo? Please reach out to [email protected] now!