That’s right. No more .csv downloads. No more emails. More time to spend on innovation.
FNB customers will be able to
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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.
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.