What are bank Feeds?
Bank Feeds connect your financial institution accounts to Acumatica and automatically import transactions in real-time. This eliminates the need to manually download and import QBO, OFX, or CSV files. Bank Feeds also support secure connections and multi-factor authentication through Plaid, the industry-leading connection platform used by thousands of financial institutions and businesses globally.
Bank feeds powered by Plaid, allows you to easily and securely connect to over 14,000 financial institutions without programming or complex field mapping. This includes Canadian banks.
Key benefits of Bank Feeds:
Automate Processes
Schedule bank feed imports to occur automatically based on flexible, user-defined schedules or import on demand. Smart matching powered by Artificial Intelligence with Machine Learning eliminates reconciliation for existing recognized transactions in Acumatica.
Easy Setup
Connect to over 14,000 financial institutions in minutes with your corporate or personal credentials. Link financial accounts to Cash Accounts and that is it.
Streamline Expenses
For Users with the Advanced Expense Management module, Bank Feeds can be used to automate expenses receipts creation for corporate credit cards.
Is there an additional Cost?
Each Acumatica license allows you to connect one bank account or credit card. Additional bank accounts or credit cards can be purchased. Bank Feeds work with Acumatica versions 2019R2 and newer.
Should you have any questions or help with this please contact us.
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