Direct Banking streamlines financial workflows for businesses using Microsoft Dynamics 365 Business Central. With Direct Banking, financial administrators can eliminate manual bank reconciliations and simplify payment processes. Direct Banking integrates seamlessly with Business Central, enabling users to import bank accounts, statements, and transactions directly from Ponto (European bank accounts) or Cobase Bank Connector (European + worldwide bank accounts) with just a few clicks.
As a financial administrator or controller, manually logging into each business bank account online separately and importing daily statements into Business Central can be a time-consuming and tedious task. Additionally, exporting payments from Business Central and manually logging into the bank to pay them can be both inefficient and frustrating. However, there is a solution that can save you time and improve your workflow: Direct Banking.
Direct Banking integrates Business Central with Ponto or Cobase, allowing you to sync and reconcile your bank accounts in real-time or on a schedule, export payments directly to your bank, and work seamlessly from within Business Central. Say goodbye to manual bank account management and hello to a more streamlined, efficient process.
Saving time on daily repetitive tasks is a no-brainer for your productivity. Starting every workday with their financial overview up to date is a big win for our Direct Banking users. But what are the other benefits of Direct Banking?
Direct Banking integrates seamlessly with Microsoft Dynamics 365 Business Central, so you can manage your financial tasks directly within the platform without having to switch between different applications.
Direct Banking automates the process of importing your bank statements and reconciling them with outstanding customer/vendor/employee or bank account ledger entries, saving you time and reducing the risk of errors.
All communication between Direct Banking and your bank is secured through an API without using files, ensuring the highest level of security for your financial data.
Direct Banking supports international payments and any currency that your bank can handle, making it a versatile solution for businesses that operate globally.
Direct Banking has a user-friendly interface that allows financial controllers to easily initialize scheduled or manual imports of transactions and reconciliation, as well as quickly initiate payments from within Business Central.
Direct Banking saves you time with frequent and scheduled imports of transactions and on-demand initiation of payments. Its partially automated matching also saves time every day and improves the accuracy of your financial data.
With Direct Banking’s automation and time-saving features, you can expect a quick return on investment, allowing you to focus on growing your business.
Direct Banking is compliant with the European PSD2 and Open Banking guidelines, providing peace of mind for businesses that need to adhere to strict financial regulations.
|Overview Features Provider||Ponto||Cobase|
|EU Banking (PSD2)||Yes||Yes|
|Advanced Authorization Flow
(person A till amount X, person B till amount X+Y)