12 Jul How Automated Bank Feeds Simplify Financial Management
Convenience is not a luxury but a necessity. As the pace of business continues to increase, you can no longer afford to waste time doing manual repetitive tasks. When your business was smaller, it may have been easier to do bank recons by manually checking bank statements. However, as the business grows, and transaction volumes multiply, this then becomes a tedious task. In this guide, we discuss how automated bank feeds simplify financial management.
Automated bank feeds, like those on the Sage 200 Evolution Bank Manager module, eliminate tedious manual transaction entries. Bank feeds are secure online connections between your accounting software and your bank. Bank feeds allow for the seamless transfer of financial transaction history directly from your bank into your accounting system.
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Save Time with Automated Bank Feeds
Manual transaction entries and the time spent on revisions due to human error wastes time. It is time that you could use to conduct more crucial tasks. By automating your bank reconciliation processes with bank feeds, you enjoy the convenience and time saved with less effort and more accuracy. It’s a win-win.
Improve Administrative Efficiency
Nobody enjoys doing the same thing over and over. Bank recons are part of every month-end close process. Why add more steps through manual processing when you can boost efficiency through the power of automation.
You don’t have to get ready if you stay ready. With Automated bank feeds, you no longer have to spend hours trying to manually match transactions on your bank account with your accounting system. You can also create rules to allocate recurring transactions.
The Sage 200 Evolution Bank Manager module allows you to connect your accounting system with any major South African bank. Want to learn more about how automated bank feeds simplify financial management? Drop us a line on 011 792 9521, and we’d be glad to guide you in choosing the ideal solution for your unique business requirements.