Accounting & ERP

Open Banking gives your finance management a digital upgrade. Automate bookkeeping, billing, and invoicing processes, saving countless hours that were previously spent on manual tasks.

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Challenges

Reconciliation of accounts is often slow and prone to errors.
Invoice fraud remains high, especially with traditional payment methods.
Accounting services often face high transaction fees, which can eat into profits, particularly with frequent or large transactions.
Fragmented financial data across multiple accounts can make it difficult to gain a clear, unified view of an organisation's financial health.

Solutions

Real-time transactional data simplifies and speeds up reconciliation, reducing manual work.
Secure payment links and QR codes reduce the risk of fraud.
Reduces overall costs for transactions, offering more competitive rates and lowering the financial burden on businesses.
Open Banking solutions offer a unified view of all financial accounts, improving transparency and enabling better financial planning and decision-making.

Finexer's Products for Accounting & ERP

Real-time Transactional Data

Leverage real-time financial data for precise lProvides instant real-time transactional data, enabling accurate expense tracking, quick reconciliations, and timely financial reporting in accounting systems.

Request to PayByBank

Reduces transaction fees and administrative costs by enabling direct bank-to-bank payments. This helps businesses lower their operational expenses, particularly for high-volume transactions.

Payout - Instant Withdrawal

Enables immediate access to funds once payments are made. For accounting teams, this reduces the waiting period typically associated with fund transfers.

Bulk Payout

Simplifies the process of making multiple payments at once, which is particularly beneficial for payroll and supplier management. Reduces the overall manual workload.

Verification

Ensures that all payment transactions are conducted securely by verifying the identities and bank accounts involved. Crucial for maintaining compliance with financial regulations.

Benefits for Accounting & ERP

Efficient Customer Onboarding

Streamline customer integration with a quick, hassle-free setup. Automatically verify bank account details through a user-friendly process that takes just moments to complete.

Reduce costs

Enables direct bank-to-bank payments, lowering transaction fees upto 90% and administrative costs, especially for high-volume business transactions.

Easy Integration

Quickly connect with existing accounting and ERP systems, reducing implementation time and ensuring smooth financial data flow.

Payroll Management

Eliminate complex salary payment challenges. Leverage our flexible API or standard file processing to handle payroll with ease, maximising the benefits of open banking technology.

Financial Statements

Effortlessly access and view comprehensive financial statements. Our transaction tracking enables instant accounting insights and cash flow evaluation.

Consumer Billing

Generate digital invoices instantly through multiple channels - including links, QR codes, and in-store options. Monitor your financial performance in real-time with live liquidity tracking.

Compliance with PSD2 enhancing payment security 99% of UK bank’s coverage.

Rapid Deployment & Embaded solution.

Comprehensive white labelled solution.

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