Finance & Administration AutomationsPurpose
1.2. Automate data fetching from various financial accounts, payment gateways, and sales invoices.
1.3. Automating cross-verification of incoming/outgoing transactions to matching invoices and receipts.
1.4. Automate flagging of unmatched entries and prompting for human review.
1.5. Automate generation of reconciled statements and push to accounting platforms or auditors.
1.6. Automate alerts for discrepancies or suspicious financial activity.
1.7. Ensures automated audit trails for compliance and financial transparency.
Trigger Conditions
2.2. Manual trigger via admin dashboard for on-demand reconciliation.
2.3. Automatedly triggered on new bank transactions or payment events detected by API webhook.
2.4. Automated alerting condition for detected mismatch, duplicate or missing payments.
Platform Variants
• Feature/Setting: Banking Feed API ("List Transactions"); configure OAuth and set up daily data fetch.
3.2. Xero
• Feature/Setting: Bank Transactions Endpoint (`GET /BankTransactions`); schedule polling and webhook listening.
3.3. Stripe
• Feature/Setting: API (`GET /v1/balance_transactions`); automate fetch and cross-compare to sales records.
3.4. Square
• Feature/Setting: Payments API; periodic data extraction for payments and refunds.
3.5. PayPal
• Feature/Setting: Transaction Search API; automate retrieval of completed, pending, and failed payments.
3.6. Plaid
• Feature/Setting: Transactions API; automate direct bank feed integration and event triggers.
3.7. Sage Intacct
• Feature/Setting: Cash Management API; automate import and reconciliation of transactions.
3.8. FreshBooks
• Feature/Setting: Bank Reconciliation API (`GET /bank_reconciliations`); automate extraction and status updates.
3.9. Zoho Books
• Feature/Setting: Bank Transactions API; scheduled automated import and match routines.
3.10. NetSuite
• Feature/Setting: Bank Reconciliation SuiteScript; automate scheduled scripts for transaction reconciliation.
3.11. Wave
• Feature/Setting: Bank Transactions API; automate extraction and status mark automation.
3.12. Oracle Fusion
• Feature/Setting: Financials Cloud REST API - Bank Statement; automate automated data ingestion and reconciliation jobs.
3.13. SAP Concur
• Feature/Setting: Expense API; automate push of payment/expense data for matching.
3.14. MYOB
• Feature/Setting: Banking API; automate transactions retrieval for payment matching.
3.15. KashFlow
• Feature/Setting: Bank Feed API; automates download and automated entry matching.
3.16. Yodlee
• Feature/Setting: Transactions API; automate linking multiple accounts for centralized reconciliation.
3.17. Revolut Business
• Feature/Setting: Account Statement API; automate pulling transactions for matching.
3.18. Wise (formerly TransferWise)
• Feature/Setting: Statements Endpoint; automate regular pulls and export to reconciliation logic.
3.19. HSBCnet
• Feature/Setting: Corporate API; automate statement and transaction fetch into reconciliation flow.
3.20. Barclays iPortal
• Feature/Setting: Bank Feeds API; automate integrating banking data into reconciliation automations.
Benefits
4.2. Increases transactional accuracy through automated matching and anomaly detection.
4.3. Automator triggers enable real-time financial overview and reduces end-of-month bottlenecks.
4.4. Automated audit log creation streamlines compliance workflows.
4.5. Reduces human error via systematic, automatable data matching.
4.6. Speeds up financial closing processes with end-to-end automation.
4.7. Enables proactive handling of payment mismatches through automated alerts.
4.8. Automates consistency checks across diverse payment platforms and bank accounts.
4.9. Scales with transaction volume without requiring additional headcount.
4.10. Enhances financial visibility and planning with up-to-date reconciled data.