Bank Reconciliation

Pricing FAQ

Pricelist FAQ – Small Business

When I start using a new bank account, how do you calculate the period between my billing periods?

We do not calculate a part of the period. You simply get the first part of the period for free. The bank account is billed on the coming invoice and the billing period is always the next 3 months.

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I have a license of AMC-Banking but do not have a Service Plan yet. What are the conditions to transfer my existing license to a service plan?

If you already have a license you will get a full refund of your purchased license price if you transfer your existing license to a Service Plan. That means you only have to pay the difference between your existing license value and the new plan. All existing subscriptions will be terminated as well. See below.

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What is included in bank account subscription fee (Service plan 1)?

1. You will be granted one user to our support system where you will get access to real qualified support personnel (No robots).
2. You will have access to all our bank formats. You can find all the supported bank formats on our website here.
3. You will have access to all our future updates/hotfixes for your AMC-Banking module, new bank formats and new features in the webportal.

Please see more details about the service plans here.

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Do I need to pay for bank accounts during my test phase?

No! During your test phase you will be able to put your bank account subscription on hold. You simply get a demo login and we won’t bill the bank account registered to this login.

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I do not see any update agreements or prices for updates?

The update agreement is part of your bank account subscription fee. By paying the bank account subscription fee you will have free access to our Support Desk and free updates in the future.

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What is the billing period for the bank account subscription?

The bank account subscription is billed quarterly, 4 times a year.

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How can I delete bank accounts from your service?

To delete a bank account, you simply login to our service and remove the bank account from it. You will not get a credit note for a potentially unused period. The termination period is to the end of a subscription period.

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How do I subscribe for a new bank account?

If any of your files contains new bank accounts that have not been used by you before, you will receive an email that you have used a new unknown bank account. The email contains a link where you can approve the use of the bank account. Next time you receive the bank account subscription invoice you will see the approved bank account. If you do not approve the bank account in the received email you will not be able to use the bank account with our service and you will of course not be paying a bank account subscription fee.

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When will I be billed for the initial prices?

As soon as you order your Service Plan (When you register on our registration page here and purchase a module) The initial prices for the “Small Business” is the one time license fee.

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I have an existing support agreement and/or a 4hour service subscription. Do I need to have both a Service Plan and my existing subscriptions?

No! Your existing subscriptions will be terminated when you transfer to a Service Plan. The support subscription is included in all the Service Plans and the 4Hour service (now Extended Support) is included in some Service Plans. Please see the Service Plan page for more information.

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Feature list

Feature list – PLUS

Sending vendor payments

1. Connect your ERP system to XTendLink, our centralized Bank Data Conversion Server. Complete with thousands of maintained formats.

2. AMC handles the maintenance of all bank formats on an external server, this means you always have access to the newest formats without installing hotfixes.

3. Get access to all the developed payment types, right in your ERP system. This usually includes Domestic ACC2ACC, Express payments, Reference payments, SEPA payments and International ACC2ACC.

4. Our module adds all the extra fields necessary for a complete payment file, this means no manual work needs to be made in the payment files.

5. Access to AMC’s flexible payment approval system. Create approver rules in XTendLink and secure your payment processes. See security features below.

6. Extended Localization based payment types such as FIK, KID, GIRO, Wires, SEPA and many more are supported.

7. Automatically generated remittance report, showing what invoices are paid. Ready to be emailed to the vendor with the click of a button.

8. Collective payment can be used when paying multiple invoices to the same vendor at once, can in many cases substitute the remittance report.

9. Supports the use of Positive Pay files, recommended for avoiding check fraud.

10. Free naming of payment files to account for some banks specific filename requirements.

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1. Import bank statements from hundreds of banks into your ERP system, thousands of formats supported. XTendLink recognize the bank statements automatically and import your data correctly.

2. AMC’s reconciliation functionalities are using intelligent algorithms to match payments with open invoices using high, medium, low matching rates. A correctly set up system can automatch over 90% of your incoming payments automatically, structured and unstructured.

3. Automatch your payment lines, using the statement text. The system scans for information such as invoice number, account name etc.

4. Automatch your payment lines, using transaction references, to increase matching percent. If the bank supply the files with extended reference numbers, these are scanned as well.

5. After the automated reconciliation process all proposals are created for the “left overs”

6. Get a complete overview of all your payment related information, such as statements, transaction details, customer payments and vendor payments centralized from all your banks in XTendLink.

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Customer payments

1. Lumb posting and incoming payments automatch. Reconcile and automatch all account statement files as well. Automatch your customer invoices with open invoices.

2. Intelligent automatch algorithm used to increase the automatch percentage.

3. Use search strings to minimize your manual workload.

4. Import Lockbox files, FIK, KID, CAMT054 to automatically reconcile all your structured payments.

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Connectivity and API

1. Access our XTendLink WebService for a complete overview of all your cash management related activities, centralized for all your banks in one place.

2. Do you have other financial systems? Connect these to XTendLink as well to centralize all your business data.

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Transparency

1. Review all your connected bank accounts and have an overview of all your data from all banks in one place, XTendLink. This extends to all incoming customer payments and all outgoing vendor payments.

2. Easily verify whether you have received all statements from your bank or any have missed or failed to import.

3. Trace acknowledge reportings from bank to the transaction.

4. If your bank provides status reports and feedback of current exchange rates, these reports can be imported with STP, so you can have a complete overview of the payment progress in your payment journal.

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Security features

1. Set up intelligent approval workflows for your payments. The approval process can either happen in the ERP System (with AX and D365FO) or In XTendLink. If the approval process happen in XTendLink the approvers doesn’t have to be ERP users. Approve payments based on pre-set rules.

2. The system supports 4-eye principle when approving payments, meaning that no one can approve payments alone.

3. Receiver bank account monitoring and approval workflow. If a receivers bank account information changes, the change needs to be approved by the receiver before a payment can be executed.

4. TOTP, time based onetime password support. Payment approvals can be set up to require TOTP, to prevent unauthorized access.

5. For certain banks it is possible.

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Converter

1. Bank format validator, all our formats have included the specific validations, this means we will validate if any fields are missing from your files before you upload to the bank.

2. All formats are updated by us in XTendLink, this means you never have to worry about whether your formats are up to date ever again. If your payment file is missing something you will get helpful suggestions and links to fixing these errors.

3. We are continuously adding more banks and formats to our portfolio, if you are missing a specific bank, please request it here.

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Limitations to Plus solution

1. It is only possible to have 4 approvers on the Plus solution, this number is unlimited on the Enterprise solution.

2. In each import and export there is a maximum of 200 lines in each journal to ensure not overworking our shared servers. This number is unlimited on the Enterprise Solution.

3. For a few Danish bank it is possible to establish a Host2Host connection on a Plus solution, the number of supported banks greatly increases on an Enterprise Solution.

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Pricing FAQ

Pricelist FAQ - Startup

Can I use the solution when I use Dynamics NAV or Business Central?

Yes! You can use the solution. In fact, the module is already built into Standard NAV and Business Central because of our cooperation with Microsoft. All you need to do is register here. And link your account to NAV or BC. You can see the whole set up in our video How do i: Use the Bank Data Conversion Service. If you need help with the installation or if you would like to see a demo, please do not hesitate to contact us. If you have a need for advanced payment methods, we recommend taking a look at the Small Business or Enterprise solutions.

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When I start using a new bank account, how do you calculate the period between my billing periods?

We do not calculate a part of the period. You simply get the first part of the period for free. The bank account is billed on the coming invoice and the billing period is always the next 3 months.

Permalink

Do I need to pay for bank accounts during my test phase?

No! During your test phase you will be able to put your bank account subscription on hold. You simply get a demo login and we won’t bill the bank account registered to this login.

Permalink

I do not see any update agreements or prices for updates?

The update agreement is part of your bank account subscription fee. By paying the bank account subscription fee you will have free access to our Support Desk and free updates in the future.

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What is the billing period for the bank account subscription?

The bank account subscription is billed quarterly, 4 times a year.

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How can I delete bank accounts from your service?

To delete a bank account, you simply login to our service and remove the bank account from it. You will not get a credit note for a potentially unused period. The termination period is to the end of a subscription period.

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What is included in the bank account subscription fee?

First of all, the first bank account pr. license (Dynamics NAV and BC) you subscribe to will be free of charge.
1. You will be granted access to our support system where you will get acces to real qualified support personnel (Not robots).
2. You will have access to all our bank formats. You can find all the supported bank formats on our website here.

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How many transactions can I have in one batch?

You may have 200 transactions in each batch. This means you create a maximum of 200 payments in each journal and you can have up to 200 transactions in each of your bank account statements. If this isn’t enough for you, we recommend having a look at the Small Business or Enterprise Solutions.

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How do I subscribe for a new bank account?

If any of your files contains new bank accounts that have not been used by you before, you will receive an email that you have used a new unknown bank account. The email contains a link where you can approve the use of the bank account. Next time you receive the bank account subscription invoice you will see the approved bank account. If you do not approve the bank account in the received email you will not be able to use the bank account with our service and you will of course not be paying a bank account subscription fee.

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When will I be billed for the initial prices and/or the license?

You will not. There will not be any other costs than the bank account subscription fee. If you absolutely want to pay us more you could take a look into our Small Business or Enterprise solutions.

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Can I use the solution when I use Dynamics AX or 365 Operations?

Yes! You can use the solution. All you need to do is install a small module which contains the interface to our conversion service (XTendLink) in Azure Cloud. This will enable you to use the standard Banking tools to make payments through our service. If you need help with the installation or if you would like to see a demo, please do not hesitate to contact us. If you have a need for advanced payment methods, we recommend taking a look at the Small Business or Enterprise solutions.

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Feature list

Feature list - FUNDAMENTALS

Sending vendor payments

1. Connect your ERP system to XTendLink, our centralized Bank Data Conversion Server. Complete with thousands of maintained formats.

2. Send domestic and international payments in common payment types to your bank.

3. AMC handles the maintenance of all bank formats on an external server, this means you always have access to the newest formats without installing hotfixes.

4. The system validates your payment files before they are sent to the bank, to minimize time wasted on uploading payments files which contain errors.

5. Batch pay invoices from the same vendor and save time and money on Bank fee’s.

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