Reconciliation of bank transactions

Purpose

1.1. Automate reconciliation of bank transactions, matching incoming and outgoing payments against invoices, purchase orders, and expenses for improved accuracy and speed.
1.2. Automating consolidation of multi-bank data, flagging discrepancies, and generating reconciliation reports for audit and compliance in road construction financial workflows.
1.3. Automator manages multi-currency reconciliation, vendor settlements, intercompany transactions, and supports automated detection of anomalies in large project funds flow.

Trigger Conditions

2.1. New bank transaction recorded via bank API or statement file upload.
2.2. Scheduled automation run (e.g., daily/weekly reconciliation batch job).
2.3. Manual initiation by authorized finance team member to ensure automatable processes handle exceptions.

Platform Variants

3.1. SAP S/4HANA
• Feature: Bank Statement Processing, Bank Communication Management; automate API connections to fetch and reconcile transactions.
3.2. Oracle Fusion Cloud
• Feature: Cash Management – Bank Statement Reconciliation; automated upload and transaction rule matching.
3.3. Microsoft Dynamics 365 Finance
• Feature: Bank management – Automatic bank reconciliation; configure automator with bank feeds.
3.4. QuickBooks Online
• API: /bank/transactions, Reconcile endpoint; automate fetching and matching entries.
3.5. Xero
• Feature: Bank Reconciliation API; automate bank feed pulling and matching rules.
3.6. Zoho Books
• Feature: Bank Feeds & Reconciliation Automation; enable direct bank connection and auto-match logic.
3.7. Netsuite
• Feature: Bank Statement Import, Automatic Reconciliation Rules; automate via SuiteCloud API.
3.8. FreshBooks
• API: Bank Transactions, Automated Bank Reconciliation endpoint.
3.9. Wave Accounting
• Feature: Automated Bank Connection, Transactions Import; automate reconciliation workflow.
3.10. Sage Intacct
• Module: Automated Bank Feeds, Transaction Matching; automate reconciliation jobs.
3.11. Plaid
• API: /transactions/get; automate fetching bank transactions for reconciliation.
3.12. Yodlee
• API: FastLink, Data Extraction; automate data pulls and matching.
3.13. Stripe
• API: /balance/history, Payout Reconciliation endpoint; automate payment-match flows.
3.14. PayPal
• API: List Transactions, Reconciliation Logic Automation.
3.15. Bank of America CashPro
• Feature: File Delivery, Reporting APIs; automate integration for transaction data.
3.16. HSBCnet
• API: Statement Retrieval, Automated Transaction Download.
3.17. CitiDirect
• API: MT940/MT942 SWIFT Statement Automated Pull; automate reconciliation scripts.
3.18. JP Morgan ACCESS
• API: Transaction Export, Automated Bank Feed Pull.
3.19. Tink
• API: Transactions Endpoint; automate financial data aggregation and match.
3.20. FIS Global
• API: Bank Data Aggregator, Reconciliation Modules Automation.
3.21. BlackLine
• Module: Account Reconciliation Automation, Auto-Certification features.
3.22. Kyriba
• Module: Bank Account Automation, Transaction Reconciliation features.

Benefits

4.1. Automates repetitive, error-prone reconciliation, freeing finance professionals for high-value analysis.
4.2. Enables real-time and batch reconciliation, increasing transaction accuracy, and raising exception alerts automatedly.
4.3. Delivers a fully auditable, automated, and compliant reconciliation process at scale for infrastructure projects.
4.4. Reduces reconciliation cycle time and enhances data integrity through automatable multi-platform integrations.
4.5. Automator reduces manual intervention, supporting business continuity and financial transparency.