Payments · reconciliation · FX
Bank reconciliation that ticks itself off.
After the invoice is posted, most of the manual work is still ahead: the payment run, matching the bank statement and booking FX differences. We automate those steps and keep a person on every release.
Free · 30 minutes · video call · Tue to Thu, 10:00 to 16:00 CET
Payment runs
- Due invoices grouped by date, currency and bank account into a proposal
- Human release with dual control if you want two people
- SEPA pain.001 and the formats your bank accepts
- A changed IBAN never pays out until it is verified and approved
Statement matching
camt.053 or MT940 statements are matched to payments by amount, reference and IBAN. The open item closes, and only real differences reach your team, with the reason attached.
FX differences
When the rate on payment day differs from the rate on the invoice, the realized gain or loss is calculated and booked. Both rates stay on record for the auditor.
The whole loop, in six steps
- Invoice. A flow watches the AP mailbox. AI reads every PDF and scores its confidence per field. Anything under your threshold goes to a person.
- Approval. The vendor is matched on VAT ID, then IBAN, then name. The approver gets the PDF and the data side by side in Teams or Outlook.
- Posting. Approved invoices go to your ERP through its import format or API, coded and VAT-split, with the audit trail attached.
- Payment. Due invoices are grouped by date and currency into a payment proposal. A person releases it, then the flow sends the bank file.
- Reconciliation. Bank statement lines are matched to payments by amount, reference and IBAN. Open items close. Only real differences reach your team.
- FX. If the rate on payment day differs from the invoice rate, the realized gain or loss is booked and both rates stay on record.
Questions
Which bank formats do you support?
SEPA pain.001 for payments and camt.053 or MT940 for statements. Other standard formats your bank offers can be added.
Can the flow release payments by itself?
No. The flow prepares the payment run. People release it, two of them if you want.