Softera.Bankfeed – automated payment processing

Softera.Bankfeed enables automatic import of bank statements from all European banks operating under the open banking framework.
Clients in Lithuania and internationally already use the solution with banks and payment platforms such as SEB, Swedbank, Luminor, Citadele, Medicinos bankas, Stripe, Revolut, Paysera, Santander, and others.

Bank transactions are automatically imported into Microsoft Dynamics 365 Business Central, where payment journal entries are created. Incoming transactions are then automatically and accurately matched with issued invoices through customer, vendor, and document recognition, ensuring reliable and consistent reconciliation.
Depending on the configuration, transactions are matched either automatically or manually. Incoming payments are accurately reconciled with issued invoices through customer, vendor, and document recognition. Any unmatched entries remain in the payment journals for user review and can be reconciled manually.

Using configurable recognition rules, Softera.Bankfeed automatically identifies matching data points.
When a match is found—such as customer number, invoice number, payment reference, or amount—the system links the payment to the corresponding invoice and proceeds to process the next transaction line, ensuring efficient handling of the entire bank statement.

Recognition results depend heavily on proper product settings and the quality of transaction data received from the bank. Typically, Softera.Bankfeed achieves at least a 95% recognition rate.
Each posting of a received transaction, whether recognized by Softera.Bankfeed or by the user, allows the recognition mechanism to continuously improve and enhance future recognition results. The accumulated posting history is used when receiving and recognizing future bank transactions.

To install the Softera.Bankfeed solution and start using the 1-month free trial, click the “Free Trial” button on Microsoft AppSource.

Using the materials provided below, you can install and start using the solution independently in just a few hours:

• Setup wizard for general parameters and bank connection – video tutorial available HERE
• Wizard to familiarize yourself with Softera.Bankfeed fields, pages, and functions – video tutorial available HERE
• Detailed user instructions are available HERE
• Clients typically contact us for assistance with payment recognition and invoice reconciliation setup. If you need such assistance, please contact us at support@bankfeed.com.

The solution enables automatic import of payment information from platforms such as Kevin, Klarna, Paysera, PayPal, Stripe, Wise, ConnectPay, Soldo, Skrill, and others.