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. |