Bank transaction processing
in Dynamics 365 Business Central

Automate bank statement imports and payment reconciliation directly in Microsoft Dynamics 365 Business Central. Bankfeed connects your bank accounts with your ERP, identifies incoming and outgoing payments, and helps match transactions with customers, suppliers, G/L accounts and invoices. With bank transactions flowing into Business Central automatically, finance teams can work with more up-to-date information, spend less time on repetitive reconciliation tasks, and keep payment status visible inside the system they already use.

AUTOMATED, INTELLIGENT TRANSACTION PROCESSING

Core Functionalities

Bankfeed supports the key steps of bank transaction processing inside Business Central, from importing statement data to recognizing customers and suppliers and reconciling payments with open documents.

BANK RECONCILIATION MADE EASIER

Built inside Microsoft Dynamics 365 Business Central

Bankfeed is an add-on for Microsoft Dynamics 365 Business Central, so reconciliation work remains within the ERP environment used by the finance team. It extends the familiar Business Central banking and journal processes with automated statement import, transaction recognition and reconciliation capabilities.

IMPROVE PAYMENT MANAGEMENT THROUGH AUTOMATION

Benefits of Bankfeed

By bringing bank data and reconciliation automation into Business Central, Bankfeed helps accounting teams reduce repetitive effort while improving the speed, visibility and consistency of payment processing.

Save time on repetitive finance tasks

Replace recurring bank-file downloads, uploads and manual matching with automated data flows and reconciliation support. The payment management processes that usually take hours can be reduced to minutes.

Work with more up-to-date financial data

Access imported transactions directly in Business Central, giving finance teams a more current view of bank activity and paid invoices without waiting for manual statement handling.

Increase reconciliation accuracy

Use structured transaction data and recognition logic to identify counterparties and documents more consistently, helping reduce missed or incorrectly matched payments.

Scale across accounts and banks

Standardize transaction processing as the number of banks and bank accounts grows. Bankfeed supports a broad network of banks and payment platforms across multiple markets.

SEE HOW BANKFEED WORKS IN PRACTICE

Explore automated reconciliation
in Microsoft Dynamics Business Central

See how bank transactions are imported, recognized and reconciled directly in Microsoft Dynamics 365 Business Central. Book a walkthrough with an Arggo consultant to discuss your banking setup, Business Central environment and the potential fit for Bankfeed.

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Frequently asked questions

1. How does the free trial work?

Once activated, you get full, unrestricted access to all features and capabilities for 30 days.

2. Can I cancel my subscription at any time?

Yes. Because the service is provided on a flexible subscription model, you can cancel your plan whenever you choose by contacting support.

3. What accuracy rate can I expect for matching payments to invoices?

While exact performance depends on data quality and configuration setup, the system typically achieves an automated match rate of 95% or higher. Additionally, every recognized payment continuously improves and refines the underlying reconciliation rules.

4. How does automated bank reconciliation work?

Bank statement data is securely transmitted via API directly into Microsoft Dynamics 365 Business Central and stored in a designated table. The platform maintains a log of statement files and automatically generates Payment Journal entries. During this process, incoming payments are matched against outstanding customer invoices. Depending on your settings, these entries can be posted automatically or flagged for manual review. Unmatched items remain in the journal for easy manual resolution.

5. How does the system handle amount recognition and funds allocation?

The system uses pre-configured recognition rules executed in sequence to scan for open entries. When a match is identified—using criteria like invoice numbers, customer IDs, payment references, or exact amounts—an entry is created, and the system seamlessly moves on to process the next transaction line.

6. Why am I having trouble linking my bank account?

Connection issues usually stem from one of two common causes:

Insufficient authorization levels: The user attempting the connection may lack third-party access permissions for the company's bank accounts. To resolve this, have an authorized executive (such as a CFO or CEO) complete the setup, or contact your banking institution to adjust your user rights.
Blocked authentication pop-ups: Local security configurations or firewalls may block the external banking authentication window. If the login pop-up fails to display after selecting your bank and clicking "Next," check your browser or network security settings.

For any other connection difficulties, reach out to the support team directly.

7. How is bank data access secured?

The solution operates strictly via PSD2 / Open Banking APIs, meaning banking credentials are never requested or stored. Security is protected across multiple layers:

Strong Customer Authentication (SCA): Multi-factor login is handled directly on your bank's secure portal. Passwords, PINs, and single-use codes are never exposed to the application.
Explicit AIS Consent: Access is restricted to Account Information Services (AIS) for approved accounts only. This provides read-only visibility into transaction data rather than payment execution authority.
Token-Based Credentials: Using OAuth 2.0 protocols, access is governed by short-lived, encrypted API tokens rather than static login details.
Scoped & Revocable Permissions: Access tokens are bounded by explicit timeframes and permissions set at the bank level. You can revoke access at any point without altering your main banking credentials.
Encrypted API Communication: Data in transit is protected using eIDAS-compliant TLS/mTLS encryption protocols.
Business Central Security Framework: The application runs inside your native Microsoft Dynamics 365 Business Central tenant, leveraging Microsoft Entra ID authentication, granular security roles, tenant isolation, and full data encryption at rest.

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