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Description
Continia Banking enhances and secures the payment and reconciliation processes within Microsoft Dynamics 365 Business Central by fully automating the payment workflow. This solution facilitates direct and secure connections with banks, enabling the transmission of payment and direct-debit files, the importation of statements, as well as the receipt of real-time updates regarding status and exchange rates. To minimize errors throughout the process, it incorporates built-in validation checks and improved CSV import templates. The payment reconciliation journal and bank account reconciliation utilize sophisticated search criteria to ensure reliable reconciliations, achieving match rates of up to 95%. Furthermore, payment exports are adaptable, featuring quick flows for summarizing several entries and advanced flows for detailed line-by-line control, with options for transaction ID-based reconciliation, customizable payment suggestion templates, and automatic filling of IBAN-driven bank details. Robust approval processes allow for both individual line and batch approvals, incorporating rules based on amount thresholds, field restrictions, and compulsory verification of bank accounts, ensuring a high level of security and efficiency throughout the payment process. This system not only optimizes financial operations but also significantly reduces the risk of errors in payment processing.
Description
Relying on manual methods for bank reconciliation can be inefficient, especially when dealing with a large number of accounts across various banks. QX QuickReco simplifies this process by automatically importing data and facilitating the matching of transactions to enhance the efficiency of reconciliation. The platform aligns information from general ledger files with bank statement reports, performing automatic matches while also accommodating adjustments for any hidden transactions, like bank fees or charges. Users can conveniently set up and manage multiple accounts from the same financial institution or from different banks. Additionally, the system allows for the integration of newly established accounts, enabling the import of thousands of records from bank statements and bank books for seamless automatic reconciliation. It is also straightforward to enter adjustment entries for payments that do not correspond with invoices. Furthermore, entries can be categorized based on their matching status—whether they were auto-matched, manually matched, or adjusted—providing clarity and organization throughout the reconciliation process. This comprehensive solution ultimately enhances accuracy and saves valuable time for financial professionals.
API Access
Has API
API Access
Has API
Integrations
Google Sheets
Microsoft Dynamics 365 Business Central
Microsoft Excel
Integrations
Google Sheets
Microsoft Dynamics 365 Business Central
Microsoft Excel
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Continia
Founded
2009
Country
Denmark
Website
www.continia.com/solutions/banking/
Vendor Details
Company Name
QX Global
Country
United Kingdom
Website
qxglobalgroup.com/product/bank-reconciliation-system/
Product Features
Banking
ATM Management
Compliance Tracking
Corporate Banking
Credit Card Management
Credit Union
Investment Banking
Multi-Branch
Online Banking
Private Banking
Retail Banking
Risk Management
Securities Management
Transaction Monitoring