Sage 200c set to deliver seamless bank feeds

Sage 200 2017 – or Sage 200c as the product is set to be re-branded – is due to land this summer and we recently took a close look at what this latest version is likely to include (you can find the story here). One feature that stands out is the slick new Sage Bank Feeds built into the system, which promise a seamless integration and a hugely powerful time saving tool for Sage 200c users.

Sage Bank Feeds allow users to link their bank account directly to their accounting system meaning you can easily and securely import account transactions from your bank. This import process can be fully automated and allows categorisation of transactions and data entry directly into Sage 200c.

Downloaded transactions can then be matched to existing transactions in Sage 200 or new transactions can be created in the system to ensure everything in your live bank account is reflected in the 200 system. Matched transactions are then remembered by Sage 200 ready for the next time you run a bank reconciliation.

Available exclusively to customers taking the Sage 200 Services Extra option, the bank feeds are powered by the market-leading secure data aggregation service Yodlee and just about any account from any bank can be connected. Connecting your account is simple with Bank Feeds generating a form of authority to return to your bank using the details you supply. As soon as your bank processes the form transactions can be automatically imported into your Sage 200 system.

Sage Bank Feeds for Sage 200 also includes a powerful rules engine that can be deployed to further increase the automation introduced by the system. Using the management console users can create as many rules as needed for categorisation and allocation of imported transactions to accounts, departments, cost centres and even projects.

Make sure you speak to dcs about the upcoming release of Sage 200c, what upgrading requires and how you can take advantage of the solution’s improved Bank Feeds functionality.

 

 

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