Invoicing & PaymentsPurpose
1.2. Ensures all invoice payments and receivables in internal systems match automatically with real-time bank ledger data, minimizing manual tracking.
1.3. Detects payment discrepancies, late payments, or unidentified deposits/withdrawals, and flags or resolves them automatedly.
1.4. Supports audit compliance, revenue assurance, and cash flow transparency via ongoing, automated syncing between accounts and bank feeds.
1.5. Simplifies transaction matching for orders, invoices, refunds, and supplier settlements in the metalwork industry.
Trigger Conditions
2.2. Invoice status updates or payment event logged in accounting/invoicing software.
2.3. Scheduled automated batch runs (e.g., hourly, nightly, weekly) checking for unreconciled transactions.
2.4. Manual trigger by finance/admin staff to re-initiate automated reconciliation after period close.
Platform Variants
• Feature: Use "Balance Transactions" API to fetch and automate comparison with ERP payments list.
3.2. PayPal
• API: GetTransactions for automated reconciliation of PayPal payments to orders and invoices.
3.3. Wise (formerly TransferWise)
• Feature: Use borderless account "Statement Feed" API for pulling bank movement data into automator.
3.4. Xero
• API: "Bank Transactions Endpoint" for automated extraction & reconciliation of payments with Xero invoices.
3.5. QuickBooks Online
• Feature: Automated "Bank Feeds" and "Receive Payment" APIs mapped against bank data for matching.
3.6. Plaid
• Product: "Transactions" endpoint automates pulling live bank transaction feeds for reconciliation.
3.7. Revolut Business
• Endpoint: "Get Transactions" automates extracting and referencing payments with internal records.
3.8. Sage Business Cloud
• Feature: Use "Bank Feeds" API to automatedly import, compare, and reconcile payments with sales invoices.
3.9. SAP Business One
• API: "Bank Statement Processing" automates matching payments booked in SAP with actual statements.
3.10. Oracle NetSuite
• SuiteTalk API: "Bank Statements Import" automates transaction extraction and matching to invoice settlement.
3.11. Zoho Books
• Feature: "Bank Feeds" and "Match Transactions" automate invoice reconciliation flows.
3.12. FreshBooks
• Endpoint: "Bank Transactions Import" automates cross-referencing payments to client invoices.
3.13. HSBCnet
• Feature: Automated "Account Statement Download" webhook triggers reconciliation scripts.
3.14. Intesa Sanpaolo Open Banking
• API: "Get Movimenti" (transactions feed) allows automator to sync and reconcile business banking movements.
3.15. ABN AMRO API
• Feature: "Transaction Feed" for automated matching to internal payable/receivable ledgers.
3.16. Square
• Feature: "Payments API" automates cross-checking card payments with internal accounting records.
3.17. Mollie
• Endpoint: "List Payments" automates reconciliation to ledger entries and order statuses.
3.18. Soldo
• Feature: Automated "Transactions Export" from Soldo dashboard for expense matching.
3.19. Yodlee
• API: "GetTransactions" automates feeding multi-bank data into reconciliation logic.
3.20. Microsoft Dynamics 365 Finance
• Feature: "Bank Reconciliation Automation" via "BankStatement" API for ledgers vs. statements matching.
3.21. Fiserv Open Banking
• Endpoint: "Account Transactions" for automated bulk extraction and reconciliation.
3.22. Bank of America CashPro®
• Feature: "Automated File Delivery" for daily reconciliation with ERP/payments data.
3.23. Google Sheets & Excel Online
• Trigger: Automated syncing of exported bank transactions for reconciliation formula workflows.
Benefits
4.2. Accelerates financial close cycles by automatedly identifying mismatches.
4.3. Enhances compliance through detailed, auditable automated reconciliation logs.
4.4. Reduces fraud risk and duplicate payment errors with automated transaction detection.
4.5. Frees up finance/admin staff for value-added tasks through end-to-end automation.
4.6. Scales easily with business growth by automating high-volume, repetitive matching tasks.