Product

Bank Feed Software

Connect Acumatica to more than 14,000 financial institutions. Schedule bank transaction imports to Acumatica. Link savings, checking, and corporate credit card accounts to cash and expense accounts inside Acumatica. Eliminate manual reconciliation and matching with default settings, artificial intelligence, and machine learning.

Save Time and Improve Data Accuracy with Automated Bank Feeds

Schedule bank feed imports for savings, checking, corporate credit cards, investments, loans, and other financial accounts. Connect to multiple banks with varying import schedules per account. Eliminate manual reconciliation and matching with auto-match capabilities and default settings. Using customizable business rules and near real-time activity downloads, Bank Feeds provides automated smart matching to existing transactions. Dashboards and reports highlight transactions that require attention. Bank Feeds utilizes Plaid and MX, industry-leading connection platforms deployed by thousands of financial institutions and businesses, to securely aggregate and format data. Connections and data transfers use Multi-Factor Authentication (MFA), Advanced Encryption Standard (AES 256), and Transport Layer Security (TLS) for all information exchanges. Acumatica stores secure tokens for information transfers and does not store sensitive banking information.

Key Benefits of Bank Feed Software for your Company

  • Automate Processes

    Schedule bank feed imports to occur automatically based on flexible, user-defined schedules. Smart matching eliminates reconciliation for recognized transactions.

  • Setup in Minutes

    Connect to financial institutions in minutes with your corporate or personal credentials. Link financial accounts to General Ledger accounts with a few clicks.

  • Streamline Expenses

    Use Bank Feeds with Advanced Expense Management to automate expenses for corporate credit cards. Advanced Expense Management streamlines business expenses with flow-through to customer projects for review and customer billing. Automatically attach expense receipts to appropriate bank feeds. Automatically import bank transactions and create expense receipts based on downloaded transactions and send them for approval.

  • Integrate with Thousands of Financial Institutions*

    Use the Bank Feeds option to automate and schedule imports by storing a secure token. Use the Bank Import option to download and import files from bank websites.

    *Bank Feeds supports popular banks. Bank Imports may be needed for less common institutions.

Important Features of Bank Feed Software

Bank Integration

Bank Feeds utilizes industry-leading aggregators, Plaid and MX, to retrieve and format transactions from more than 14,000 financial institutions.

Secure Connections

Multi-Factor Authentication (MFA), Advanced Encryption Standard (AES 256), and Transport Layer Security (TLS) ensures safety and security for all information exchanges.

Transaction Matching

Default settings, artificial intelligence, and machine learning automatically match bank transactions with Acumatica transactions. Match one bank transaction to one or more payments, invoices, receipts, credit memos, and debt adjustments.

Manage by Exception

Unmatched transactions are conveniently displayed in dashboard views for review and manual matching or categorization in Acumatica. Write-offs of AR balances and credits are supported.

Audit Logs

Bank feed updates are logged at the record and field level in Acumatica, providing traceability for all financial data transactions.

Flexibility

Advanced mapping and custom data provider connections provide flexibility to automate virtually any business scenario.

See what Acumatica customers are saying

"Acumatica works perfectly. It handles project accounting, cash flow, project monitoring; but Acumatica is not just confined to project-based operations. Other departments like sales and marketing love it as well."
Elizabeth Barratt, Manager: Project Excellence
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"[Acumatica is] extremely reliable—a platform that is up and running 24/7 around the world. It’s accessible to everyone, any time they need it; there’s nothing from an Information System perspective that is stopping us."
Adam Rosenbaum, Director of Information Systems (prior)
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