Bank Feeds

Partner V14 Automatic Bank Feeds

Sage Pastel Partner Version 14 is due for release this month.  I would like to talk about one the exciting new features in this release, namely Automatic Bank Feeds 

Bank Manager has now been taken to a new level with Automatic Bank Feeds. What this means is,  is that there is NO MORE downloading and importing your Bank Statement into Bank Manager. Through Automatic Bank Feeds, Your Bank statement is imported directly into Bank Manager. You are still able to continue working in Pastel, whilst the  Feeds populate.  Also,  the mapping that you have already configured,  will still be applied.  This means that 80% of your work will have been done for you.

In order to take advantage of this new feature,  you will need a couple of things in place:

An active Business Care Licence
Bank Manager
You will need to create a “Read Only” account in your Internet Banking

For peace of mind, Automatic Bank Feeds make use of internationally recognised 3rd party software called Yodlee.  You can read more about this software by visiting www.yodlee.com.

How to use Automatic Bank Feeds:

Select your Bank.

Bank Feeds 1

Enter your online banking details. (Please note: this info WILL NOT be stored anywhere in Pastel.)

Bank Feeds 2a

Select your Cash Book.

3

Select the Bank Account linked to the Cash Book.

4

Request Bank Feeds. (Please note: You can only submit one Automatic Bank Feed per day)

5

Select Automatic Bank Feeds as the Statement Provider in Bank Manager.

6

The rest of the processing in Bank Manager is now the same as it was before.

Until next time,  enjoy the time saved.

Steve

About the Author

Steven Billington – who has written posts on End 2 End Business Solutions.


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