This system is built on Icelandic banking standards (IOBS) which require the use of employee credentials or equipment credentials, thus meeting the most demanding security standards. Users can communicate directly with banks from Business Central using a web service. This saves time where the user would otherwise need to use different systems, connect to an online bank then download files.

This is a powerful addon to Wise Collection Claims which combines cashflow with claims monitoring. Unpaid claims can be hidden in many places, for instance unsettled credit card payments, or customer entries that have yet to be reconciled. Wise Claims Monitoring gives local authorities the capability to see all outstanding claims and to begin processing them.

Choose from two claims processes: create a separate claim for each invoice; or combine all business for a set period into a single claim. Claims are then sent to the respective financial institution for payment.