Bank Integration
Bank Integration in Flowtly connects your organization's bank accounts directly to the platform, enabling automatic import of transaction data. Through the Kontomatik integration, you can securely link supported bank accounts and have incoming and outgoing transactions synchronized with your Flowtly workspace on a regular basis.
Once connected, imported transactions provide a real-time view of your organization's cash flow. This eliminates the need for manual bank statement uploads and reduces the delay between when a transaction occurs and when it is reflected in your financial records. The integration supports multiple bank accounts, giving you a consolidated view across all your banking relationships.
Automatic transaction import enhances the accuracy and efficiency of financial operations including cost tracking, invoice reconciliation, and cash flow analysis. By having bank data available within Flowtly, your finance team can quickly match payments to invoices, identify discrepancies, and maintain up-to-date financial records without switching between systems.
Example use cases
- Automatic Transaction Import: Connect your primary business bank account and have all transactions automatically imported into Flowtly, eliminating manual data entry.
- Invoice Reconciliation: Match imported bank transactions against outstanding invoices to quickly identify which payments have been received and which remain open.
- Cash Flow Monitoring: View real-time account balances and recent transactions across all connected bank accounts from within your Flowtly workspace.
- Multi-Account Management: Connect multiple bank accounts from different institutions and manage them all from a single interface.
- Expense Verification: Cross-reference imported transactions with recorded costs and supplier payments to verify accuracy and detect anomalies.
