Automated bank statement retrieval and reconciliation without Excel

The issue is not just the volume of data, but the ambiguity: payments without invoice references, single lump sums covering multiple documents, partial payments, offsets, bank fees, and currency exchange differences.

• A customer pays three separate invoices in a single transfer.
• The payment reference contains an order number instead of an invoice number.
• A payment arrives from a group entity with a different VAT ID.
• Small discrepancies caused by bank commissions or exchange rates.

Statements are retrieved automatically every day from all connected banks. The matching engine uses the amount, payer VAT ID, reference, customer payment history, and possible invoice combinations. Anything that cannot be matched automatically is sent to a short list of exceptions with ranked suggestions.

• Automatic retrieval via PSD2 from major European and local banks.
• Smart matching across multiple invoice combinations, not just one-to-one.
• Correct handling of partial payments and deposits with remaining balance tracking.
• Treasury and customer accounts automatically populated for accounting.

Daily reconciliation transforms how you manage receivables: customer balances are accurate every morning, automated debt collection triggers correctly, and credit limit blocks for logistics are based on real-time data rather than records from two weeks ago.