Finance, Compliance & ReportingPurpose
1.2. Automates the identification, matching, and validation of payment transactions, including invoices, receipts, and bank statements.
1.3. Ensures compliance with internal controls and financial audit requirements via automated flags, alerts, and report generation.
1.4. Streamlines manual finance processes by automating batch record checks, duplicate scanning, and exception reporting.
1.5. Automatedly posts reconciled data into enterprise accounting platforms and generates summary or exception reports for audit review.
Trigger Conditions
2.2. Batch import of bank statements or transaction logs to a designated storage or SFTP location.
2.3. Scheduled time intervals (e.g., nightly or hourly) as set by the automator.
2.4. On-demand trigger via API call from finance team or automated alert from a compliance system.
2.5. Detection of webhook event from payment gateway or banking interface indicating transaction completion.
Platform Variants
• Function/API: BAPI_ACC_DOCUMENT_POST for automated payment posting; sample config: credentials + document parameters.
3.2. Oracle NetSuite
• Function/API: record.attach API for automating the attachment of payment evidence; scheduleMapReduce for automated matching jobs.
3.3. Microsoft Dynamics 365 Finance
• Feature: Data entities for automated import/export; configure recurring integration API for scheduled reconciliations.
3.4. QuickBooks Online
• API: /reports/TransactionList endpoint for automatable report extraction and auto-match configuration.
3.5. Xero
• API: banktransactions endpoint to automate retrieval and reconciliation, rules engine for automated bank matching.
3.6. Zoho Books
• API: /banktransactions and /reconciliations endpoints for automator-driven matching and reporting.
3.7. FreshBooks
• API: Payments endpoint for automated ingestion; automate matching with Invoice endpoint.
3.8. Stripe
• Webhook: charge.succeeded and payout.paid; API: Balance Transactions for automated reconciliation.
3.9. PayPal
• API: Transaction Search for automated import; automate CSV exports for batch reconciliation.
3.10. Sage Intacct
• Function: API for GLposting and automated Bank Reconciliation job.
3.11. Plaid
• API: /transactions/get to automate fetching of bank transactions for reconciliation workflows.
3.12. Salesforce
• API: Custom Object for Payment Records; automate with scheduled Apex jobs for reconciliation execution.
3.13. Workday
• Feature: Banking and Settlement API for automatable financial event capture and reconciliation.
3.14. ServiceNow
• API: IntegrationHub for automating incident and exception reporting on reconciliation failures.
3.15. AWS Lambda
• Function: Scheduled function (cron) for automating reconciliation scripts on uploaded payment files.
3.16. Google Sheets
• API: Sheets API for automating payment record imports and using App Script for auto-matching logic.
3.17. Airtable
• API: Automation scripts and scheduled run for automating data validation and reconciled status update.
3.18. Mambu
• API: /transactions for automating extraction and /journalentries to automate posting reconciled transactions.
3.19. Square
• Webhook: payment.created; API: Payments and Payouts endpoints for automated fetch and match.
3.20. SAP Concur
• API: PaymentBatch endpoint for automated reconciliation and expense payouts validation.
Benefits
4.2. Enables finance and audit teams to automatedly meet reporting obligations and internal controls.
4.3. Accelerates month-end or period-end closing by automating matching and exception resolution.
4.4. Improves transparency and traceability across all automatable payment channels.
4.5. Frees staff to focus on analytical and strategic finance functions through automation of data cleansing and structuring.