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UK Automated Bank Feed

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Posted on by Tiles 5

Per the attached link, I've come across the AMC banking extension to automate bank postings/payments;

https://learn.microsoft.com/en-gb/dynamics365/business-central/ui-extensions-amc-banking

However, our microsoft BC partners have advised that the main benefit of the AMC extension is of preset bank import/export formats. It still doesn't provide any way direct feed between the bank (Barclays) and business central to speed up posting of standard transactions.

Is anything available for BC that allows for a direct link between the bank and bc for postings? I've come across the Yodlee bank feed but it seems like this is not available in the UK.

Thanks,

Categories:
Financial Management
  • Mark Hennessy Profile Picture
    Mark Hennessy 30 on at
    RE: UK Automated Bank Feed

    Can you email sales@nolanbusinesssolutions.com, then I'll respond personally.

    Thanks

    Mark

  • Tiles Profile Picture
    Tiles 5 on at
    RE: UK Automated Bank Feed

    Hi Mark,

    Yes if we could have a discussion that would be great. How would I get into contact?

    Thanks

  • Mark Hennessy Profile Picture
    Mark Hennessy 30 on at
    RE: UK Automated Bank Feed

    Hi Tiles,

    Its in development for our Automated Bank Reconciliation (ABR) App. I can accelerate the development if we can have a chat about your requirements in more depth.

    Nolan also support UK Open Banking for Bank Feeds, we have two products Bank Feeds and ABR.

    Thanks

    Mark

  • Nikki T Profile Picture
    Nikki T 15 on at
    RE: UK Automated Bank Feed

    Hi Tiles, feel free to email my team if you’d like to see a demo of our add-on which is the only open banking solution currently available - so no import and export of files needed- available for UK Business Central customers.

    Sales@yavr.io 

    Best wishes

    Nikki

  • Tiles Profile Picture
    Tiles 5 on at
    RE: UK Automated Bank Feed

    Hi Mark,

    This is the main requirement for us. Just to clarify, is this currently available or in development?

  • Mark Hennessy Profile Picture
    Mark Hennessy 30 on at
    RE: UK Automated Bank Feed

    It's on the roadmap, happy to discuss your requirements further if you'd like to.

    Thanks

    Mark

  • Tiles Profile Picture
    Tiles 5 on at
    RE: UK Automated Bank Feed

    Hi Mark,

    Does this provide the option for creating/posting the payment journals that would result from the bank statements?

    Thanks,

  • Mark Hennessy Profile Picture
    Mark Hennessy 30 on at
    RE: UK Automated Bank Feed

    Hi, the Nolan solution support UK Open Banking. It feeds either BC's native Bank Rec, or Nolan's Automated Bank Rec which has advanced functionality for auto matching, and auto generation of transactions

    www.nolanbusinesssolutions.co.uk/.../nolan-bank-feeds

    www.nolanbusinesssolutions.co.uk/.../automated-bank-reconciliation

    There is also a free trial available...

    Hope this helps, and I'd be happy to provide more information if needed.

    Thanks

    Mark

  • Nikki T Profile Picture
    Nikki T 15 on at
    RE: UK Automated Bank Feed

    Hi,

    Apologies for the slow reply, this got lost amidst a load of MS notifications in my inbox!

    In addition to normal bank reconciliation, Yavrio enables downloading into Payment Reconciliation Journals. Here you can set your rules for posting and reconciling based on the data received.

    If you have suggestions for additional functionality do let us know and we can look at including it in the application.

    Any further questions please don't hesitate to get in touch directly: www.yavr.io is our website or you can connect with me on LinkedIn: www.linkedin.com/.../ (please send me a personalised request if you do this so I know what your query relates to!)

    Thanks

    Nikki

  • Tiles Profile Picture
    Tiles 5 on at
    RE: UK Automated Bank Feed

    Thanks Nikki :)  Does the "Bank ReconciliatioN" screen allow the user to post transactions directly from the bank to the different ledgers in BC? we would want the balancing accounts to be autopopulated based on common narratives.

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