Solutions / Integrations

Softera Bankfeed for Business Central

Softera Bankfeed connects your bank accounts to Business Central and imports bank statements automatically — reconciling incoming payments against open invoices without manual intervention, with support for over 12,300 banks and payment platforms worldwide, available directly from Microsoft AppSource.

Woman looking at a spreadsheet on her laptop

Bank Reconciliation That Does Itself — Almost

Manual bank reconciliation is one of those finance tasks that seems straightforward until you actually do it every day. Download the statement. Import it. Match each transaction. Investigate exceptions. Post. Repeat tomorrow. For a business with high transaction volumes or multiple bank accounts, this process can consume hours of finance team time that would be far better spent on analysis and decision support.

Softera Bankfeed automates the entire import and recognition cycle. Once connected to your bank, it pulls transactions into Business Central in real time — no manual exports, no file uploads, no scheduled batch jobs. The recognition engine then matches incoming payments to open sales invoices and outgoing payments to purchase invoices automatically, presenting only genuine exceptions for human review. The result is a bank reconciliation process that takes minutes rather than hours, with higher accuracy than manual processing and a complete audit trail for every transaction.

12,300+ Banks

Connects to over 12,300 banks and payment platforms worldwide via secure open banking APIs.

Real-Time Transactions

Transactions appear in Business Central as they occur — no overnight batch, no manual trigger.

Automatic Reconciliation

Payments matched to open invoices automatically — your team reviews exceptions, not every transaction.

How Bankfeed Works Inside Business Central

Bankfeed installs directly into Business Central from Microsoft AppSource — it is built inside Business Central, not a separate application that connects to it. Once installed and connected to your bank accounts, it runs continuously in the background. Transactions appear in your Business Central payment reconciliation journal as they arrive from the bank, already matched where the recognition engine has identified a clear corresponding invoice. Your finance team opens the journal, reviews the pre-populated matches, confirms them, handles any exceptions, and posts — a process that previously took hours now takes minutes.

The recognition engine learns from every transaction it processes. The more payments Bankfeed sees from a given customer or supplier, the better it becomes at recognising their payment references, amounts, and bank details — so the automatic match rate improves continuously over time.

  • Installs from Microsoft AppSource — built inside Business Central, no separate application
  • Bank statement import — transactions pulled in real time via secure open banking connection
  • Payment recognition — customers and suppliers identified automatically from transaction data
  • Automatic reconciliation — payments matched to open invoices, posted on confirmation
  • Bank charge separation — bank fees and charges automatically split from payment transactions
  • Multiple accounts — manage all bank accounts centrally within Business Central

Why Businesses Choose Finsys Apps for Bankfeed

Finance professional reviewing bank reconciliationBankfeed is straightforward to install — but the quality of automatic payment recognition depends on the cleanliness of your customer and supplier master data in Business Central. If customer records have inconsistent names, missing bank account references, or incorrect payment terms, the recognition engine will struggle to make the right matches, and your exception rate will be higher than it needs to be.

Finsys Apps reviews your Business Central customer and supplier data before Bankfeed goes live, resolving the data quality issues that would otherwise reduce automatic match rates. We also configure the recognition rules to reflect how your specific customers actually pay — including partial payments, combined remittances, and any payment reference conventions your customers use — so Bankfeed performs at its best from day one.

  • Customer and supplier master data review to maximise automatic recognition rates
  • Bank account connection setup and testing before go-live
  • Recognition rule configuration for your specific customer payment behaviours
  • Finance team training on reconciliation workflow and exception handling
  • Post-go-live support for Bankfeed and Business Central

“I started Finsys Apps because I believed businesses deserved better — better implementations, better support, and better outcomes from their technology investment. Every client we work with gets my personal commitment to that standard.”

Matt Cooke

Founder & CEO, Finsys Apps

Frequently Asked Questions

How does Bankfeed connect to my bank?

Bankfeed connects via the open banking API (PSD2 protocol), which all EU and UK regulated banks are required to provide. The connection is authorised directly by your business within Business Central — Bankfeed never stores your banking credentials. For banks that may not provide a fully compatible open banking API, Finsys Apps will check compatibility with your specific bank during the pre-implementation assessment and advise on any alternatives if needed.

Unmatched transactions are placed in a review queue within Business Central, where your finance team can allocate them manually. Bankfeed provides the transaction details — amount, date, reference, and payer information — to help identify the correct invoice quickly. Once manually matched, Bankfeed remembers the association and will apply the same recognition pattern automatically to similar future transactions from the same payer.

Yes. Bankfeed manages multiple bank accounts from a single interface within Business Central. Each account is connected and configured independently, with its own recognition rules and reconciliation settings. This is particularly valuable for businesses running separate accounts for different currencies, entity structures, or banking relationships — all visible and manageable in one place.

Bankfeed is a separate app with its own subscription, available from Microsoft AppSource. Pricing is based on the number of bank accounts connected and the volume of payment transactions processed. Finsys Apps can provide indicative pricing for your specific account and transaction volume during the initial consultation.

Let’s Make Things Happen

Take the first step to streamlining your business processes by getting in touch today.

“Matt and his team at Finsys Apps were fabulous. They took us through the implementation of Microsoft Dynamics Business Central, helping us design our new BI financial reporting structure, migrate our legacy data and developed new integrations. The whole process was painless”.

David Drummond

Finance Director, Stott and May