By integrating bank information into back office applications, business leaders and finance experts get a detailed view on their cash positions and can automatically reconcile transactions across multiple banks, right in their familiar business application. As such, organizations can better manage cash, automate administration, and provide more accurate financial reporting.
Isabel Connect provides Isabel 6 subscribers with API-enabled access to account information and automated retrieval of payment reports (such as CODA and MT940 files) across 26 Belgian banks. It also allows to automatically upload payment files directly from a finance or ERP package, taking into account comprehensive approval flows and corporate mandate structures.
Jean de Crane, CEO at Isabel Group: “Put simply, Isabel Connect links your bank with your business applications. The worlds of multibanking, finance and ERP are coming together in order to provide a better experience for business users and higher productivity for organizations. Building strong partnerships with technology experts is key to our strategy of facilitating access to payments, documents and identities across the financial value chain.”