Financial & Accounts AutomationPurpose
1.2. Achieve automated extraction of transaction details, automate mapping to customer records, and automate creation of accounting entries, reducing error and manual intervention.
1.3. Facilitate automated consolidation across multiple currencies and gateways for international jute trade.
Trigger Conditions
2.2. Automate polling of payment gateway API at set intervals or receive webhooks on completed transactions.
2.3. Trigger automation when invoice status in ERP shifts to 'Paid' based on payment gateway confirmation.
2.4. Automate secondary triggers on partial payments, refunds, or chargebacks.
Platform variants
– Feature/Setting: Enable IPN (Instant Payment Notification); automate REST API /v2/checkout/orders webhook to relay receipt details.
3.2. Stripe
– Feature/Setting: Configure "checkout.session.completed" webhook; automate use of /v1/payment_intents API to fetch payment status and metadata.
3.3. Razorpay
– Feature/Setting: Enable webhook for "payment.captured"; automate API /v1/payments to extract receipt and automate posting to accounts.
3.4. Square
– Feature/Setting: Webhooks for "payment.created"; automate pull from Transactions API for automated entry.
3.5. Authorize.Net
– Feature/Setting: Automated "Silent Post" URL; use Transaction Reporting API for pulling automated receipts.
3.6. WorldPay
– Feature/Setting: Automated Payment Notifications via callback; transaction query API integration for automating fetch.
3.7. Adyen
– Feature/Setting: "Notification Webhooks" for "AUTHORISATION" event; automate use of API /payments/details.
3.8. Amazon Pay
– Feature/Setting: Automation via Instant Payment Notification (IPN); automate ListTransactions API.
3.9. 2Checkout (now Verifone)
– Feature/Setting: INS (Instant Notification Service) for payments; automate REST API v1 for transactional receipts.
3.10. Braintree
– Feature/Setting: Webhook for "transaction_disbursed"; automate /transactions API for record automation.
3.11. Mollie
– Feature/Setting: Webhooks for payments; automate GET /payments API.
3.12. Payoneer
– Feature/Setting: Automated Payment Confirmation API; automate integration of receiving accounts notifications.
3.13. WePay
– Feature/Setting: "Payments" webhook automation and v2 /accounts API for automating fetch.
3.14. GoCardless
– Feature/Setting: Webhooks for "payment_confirmed"; automate Payments API GET endpoint.
3.15. QuickBooks Payments
– Feature/Setting: Webhooks and Payment API v3; automate automated receipt pulling and posting to accountant module.
3.16. Xero
– Feature/Setting: Payment Services API; automate automated invoice and payment linkage.
3.17. Zoho Books
– Feature/Setting: Payments API; automate push automation using webhooks to journal/ledger.
3.18. SAP Business One
– Feature/Setting: Service Layer API for automated journal entry creation from payment receipts.
3.19. NetSuite
– Feature/Setting: SuiteScript and REST API to automate payment imports.
3.20. FreshBooks
– Feature/Setting: "Payments" API with automated webhook notifications for receipt data.
Benefits
4.2. Automating tax calculations and compliance reduces audit risk for wholesale jute export operations.
4.3. Automation enables real-time insights into receivables and cash flow for jute exporters.
4.4. Automates the minimizing of human errors, decreasing reconciliation delays and operational costs.
4.5. Automatedly unifies multi-gateway payment reporting in one financial repository for auditors and managers.
4.6. Automation allows scalable transaction volume handling as export orders increase.