Automate bank feeds with ACSISS Connect

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One thing small business owners don't have a lot of is time. This is especially true when it comes to menial tasks that often take priority over the more important work of strategising to expand the business. One of these menial tasks is the bookkeeping that needs to be done to track the business's transactions, invoices, and payments.

As small businesses grow and transition from using small accounting software to SAP Business One to manage their entire business, one surprising drawback is the lack of automation when it comes to inputting bank and transaction data. Most ERPs simply don't have this functionality.

This manual task is a challenge for business owners that cuts into personal and family time, costs the business money due to the time that the business owner invested in doing it, and carries the potential human error that comes with manually working with numbers.

After working with small businesses for decades, the Key Business Solutions team recognised that this process was wholly inefficient. So, we approached SISS Data, Australia's largest provider of bank-approved data, and worked with them to develop a solution.

The result is ACSISS Connect, an automatic bank feed feature that takes account transactions from banks and maps them to SAP Business One automatically and securely every day, using SISS Data Services.

Save time and money with automatic bank feeds in SAP Business One

With ACSISS Connect, business owners no longer need to sit for hours to match up bank and transaction data into SAP Business One.

ACSISS Connect has everything you need to simplify and utilise account transaction data. Connect your bank to SAP B1 and unlock:

  • Process automation - receive your bank transaction data each day, eliminating the traditional manual data verification process
  • Improved data security - using data supply agreements, ACSISS Connect only receives data under the express authority of the account holder, never through non-approved methods
  • Improved data accuracy - automatic uploading of data directly from the source eliminates manual and human error

This is especially beneficial to businesses in the eCommerce and wholesale distribution spaces which manage hundreds of daily transactions on multiple platforms, such as Amazon, Shopify, or eBay, that send through multitudes of invoices - or even just one lump figure - that need to be broken down.

Further complicating the process, all of these platforms have their own payment gateways, such as PayPal or Stripe, taking a commission. Businesses need to account for the percentage of the transaction that goes to the gateway.

ACSISS Connect takes all this work out of your hands, easily matching up hundreds of invoices and transactions from multiple banks or accounts into your accounting software.

It gives business owners in any industry the freedom to focus on growing and expanding their business, saving costs by automating a task that previously took hours, and providing the security of knowing that their transactions and payments are no longer at risk of miscalculation.

Get started with ACSISS Connect

If you're a business owner that's tired of wasting your valuable time and money on manually tracking and matching your transactions and invoices to SAP B1, you can start adding further efficiency and visibility over your financials today by contacting our team to discuss enhancing your ERP with ACSISS Connect.

 

About the Author: Deryc Turner

Deryc Turner

Deryc Turner has a degree in Economics from Sydney University and is a Fellow of the Australian CPA's. Since 1994 he has been advising small and medium businesses on how to maximize the value of their information systems to gain an unfair advantage over their competition

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