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Sage Direct Bank Feeds - allows you to safely and securely set up a bank feed using the FNB App, FNB Online Banking for Business or Online Banking Enterprise™ to transfer your business' financial transaction history onto the Sage packages automatically at no extra cost.
FNB customers are able to share their financial transaction history with Sage via a secure application programming interface (API) effortlessly and automatically, without compromising online banking credentials. This will be facilitated through the 'direct bank feeds' service that will supply financial transaction history data directly into Sage accounting solutions.
The banking service with Sage automates the first part of the bank reconciliation process for customers, by linking their online banking accounts directly to their Sage solution.
This allows online bank transactions to be automatically imported, categorised and reconciled into the customer's Sage software.
Users now have a simple, efficient and more secure way to integrate their bank account transactions into their accounting software.
Apart from the timesaving it will offer SMEs, who often spend hours downloading and uploading bank statements into their accounting software, this also represents a huge step towards increasing the level of 'business financial inclusion' by removing a barrier for more informal or less 'business-fluent' SMEs to increase their accounting recording keeping - ultimately helping them to produce financial statements for lending or investment for their businesses.' To assist you with the process, please search 'FNB Sage' for the user guide and FAQs.
