Auto Bank Rec App that can integrate seamlessly to your current FiNAC or any third party ERP, including Navison, SAP etc.

 FINAC Auto Bank Reconciliation, is geared to make life easy for your finance division.

Here’s how it works;

Your Bank Statement is emailed daily or monthly in a PDF format. The Auto Bank rec software recognizes the PDF statement, which is uniquely formatted for each bank, and converts it to Excel format.

Now the user executes the Auto Bank Rec Procedure, which matches the cash book in FiNAC General Ledger entries with the Bank statement that was imported into Finac.

The matches will be 100%, in the case of cheque number and amount tallying. When a 100% match is found, it  will be highlighted in green. If it is a cash deposit and the amount tallies and so does the date, it will be highlighted in orange. This indicates a possible match.

To reconcile the bank statement, all the user has to do is to tick the matching transactions & hey presto the bank rec is done.

Finac auto bank rec : we create simplicity amidst complexity