Wise Banking

 

Wise Banking gives your company secure communication channels with your bank. The system complies with inter-bank standards (IOBS) and meets the most demanding security requirements.

The system reads bank transactions and pairs them with existing entries in the books. This saves an enormous amount of time compared to striking out entries and marking paper statements. You can define "regular transactions" in the system so that similar future transactions will be recognized, thus reducing manual input and saving time.

Wise Banking

In short

  • Automatic reconciliation of bank accounts
  • Save time and work efficiently
  • Real-time balances for all bank accounts in one place
  • Digital payment system for banking
  • Fulfils banks' strictest security requirements

Supported banks

  • Landsbanki Íslands
  • Íslandsbanki
  • Arion banki
  • Kvika banki
  • Sparisjóður Austurlands
  • Sparisjóður Strandamanna
  • Sparisjóður Höfðhverfinga
  • Sparisjóður Suður-þingeyinga
  • Seðlabanki Íslands

 

Wise Banking

System features

You can define "My role" in Business Central as "My role - Wise Banking". The balance of currency and bank accounts will be visible along with outstanding demands. You can control which currencies and which bank accounts are visible for each user. If your company has more than one bank account then this will save the time it takes to enter the username, password and security code in order to access different online accounts.

The system reads bank transactions and pairs them with existing entries in the books. This saves an enormous amount of time compared to striking out entries and marking paper statements. You can define "regular transactions" in the system so that similar future transactions will be recognized, thus reducing manual input and saving time.

The payments part of the system sends transaction information securely to your bank. The system reads the reply from the bank and itemizes additional expenses such as interest and exchange commission. You can send a receipt to the recipient in an SMS text message or by email.