About Continia Banking

Continia Banking is a comprehensive solution integrated with Microsoft Dynamics 365 Business Central, designed to streamline and automate payments and reconciliation processes. It connects Business Central directly to your bank, allowing for various payment methods and automating tasks like cash receipt journal lines and reconciliation suggestions.

Continia Banking is centered on the Essential module, which provides the fundamental features required for basic financial operations. Additionally, the Direct Communication module enables direct bank connections for enhanced automation and accuracy, while the Security module strengthens payment security and safeguards your business against fraud.

The Essential module within Continia Banking is divided into two key areas:

• Banking Export

• Banking Import

Banking Export

Banking Export handles the processing of payment suggestions and the export of payments to the bank for execution.

The following illustration shows the overall payment process.

The payment process

1. Based on an imported invoice, you create a new purchase invoice. At this point the first validation of the payment occurs as it checks against the payment method specified for the vendor.

2. When the purchase invoices are due, you create the payment suggestions in the payment journal and validation runs again. Additionally, if you are using the Security module, an approval workflow may be enforced or the related bank accounts checked for verification.

3. When all the payment lines are valid, they can be exported to bank. With direct communication to the bank via Continia Online using a bank format converter, the status of each payment line can be followed in real-time in the payment journal.

4. When the payment are made the status changes to Paid and the recipients can receive a remittance advice by email either automatically or manually. You can now post the payment lines.

The key benefits

The feature benefits of Banking Export are:

• Two approaches for creating payment suggestions.

• Comprehensive validation against the bank's requirements.

• Full overview of all payments and their status in the bank.

• Export of payment files directly to the bank.

• Handling payments in multiple currencies for customers, vendors, and employees within the same payment journal.

• Optimized error handling directly from the payment journal.

• Complete insight into all payments for the same recipient.

• Tailored remittance advice to payment recipients.

Banking Import

Banking Import involves the import of statement files into Business Central, the matching process and reconciliation.

The following illustration shows the reconciliation process.

The reconciliation process

1. Statement files are imported automatically into Continia Banking via direct communication or manually, for example, via Azure Cloud Storage or a CSV port.

2. In either Bank Account Reconciliation or Payment Reconciliation Journal, the transaction lines are matched automatically or manually with a ledger entry.

3. When all the lines are matched, you post the reconciliation.

The key benefits

The feature benefits of Banking Import are:

• Two approaches to the reconciliation process: The Bank Account Reconciliation page or the Payment Reconciliation Journal.

• Automatic download, import, and match of statement lines.

• Clear status overview of each statement line.

• Built-in logic for optimized ledger match rate.

• Create and work with journal lines directly from the Bank Account Reconciliation.

• Automatic or suggested match to customer, vendor, or employee ledger entries.

• Optimized match rates using search rules.

• Easy creation of search rules.