Drive efficiency to your Accounting Department by automating your bank clearing process.
In many companies, bank clearing is still at a digital stage, with remaining manual transformations highly time consuming and potentially leading to errors.
The Bank Clearing Automation (BCA) is a microservice that clears automatically bank records with accounting entries. It leads to an automated posting of entries to the entreprise’s ERP. In this process, we start from the bank statement (MT940, in Poland) to transform and clear up to 95% of the transactions automatically.
To match the transactions, our algorithm feeds itself with Reference data: public librairies (bank standards), private librairies (business partners, payables, receivables) and our Calan librairies (posting schemes, algorithm parameters). This algorithm is tailor-made and fully flexible – any kind of rule can be applied for any type of transaction.