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SAGE & FNB Bank Feeds Automation

Sage has partnered with FNB to offer you the convenience of a direct feed from your FNB Account into your Sage 200 Evolution package – at no additional cost.

That’s right. No more .csv downloads. No more emails. More time to spend on innovation.

FNB customers will be able to

share their financial transaction history with SAGE via a secure application programming interface (API) effortlessly and automatically, without compromising online banking credentials. This will be facilitated through the ‘direct bank feeds’ service that will supply financial transaction history data directly into Sage accounting solutions. The banking service with Sage automates the first part of the bank reconciliation process for customers, by linking your online banking accounts directly to your Sage solution.

Should you have any queries, please log your query with the Support team.

As a Sage Partner  and a leading expert with Sage Implementation & configuration ERP Experts is ideally positioned to ensure you get the most out of your Sage investment, whether you are a new or existing user.

If you have any questions or need help to choose the right Sage 50 software package for you, then call us on +27 11 568 7795 / info@erpexperts.co.za or arrange for us to call you back.

 

The direct bank feeds service is configured firstly via FNB Online Banking, where customers can manage their consent and permissions to transmit their specific transactional history to Sage, and then assign and allocate those transactions within their Sage software. FNB business customers using Sage accounting solutions can get financial transactions history fed through to the Sage platform periodically or set it to refresh automatically until they decide to stop the feed.

This is a big technological milestone not only for FNB but for millions of SMEs that now have a simple, efficient, and more secure way to integrate their bank account transactions into their accounting software. Apart from the timesaving it will offer SMEs, who often spend hours downloading and uploading bank statements into their accounting software, this also represents a huge step towards increasing the level of ‘business financial inclusion’ by removing a barrier for more informal or less ‘business-fluent’ SMEs to increase their accounting recording keeping – ultimately helping them to produce financial statements for lending or investment for their businesses.

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