Continia Statement Intelligence 

Complete your financial system by automating vendor payments and the subsequent bank account reconciliation processes. 


B
alancing of accounts 

Do you find manual bank reconciliation to be labor-intensive, time-consuming, and even at times error-ridden?  


Free up resources in 
Finance by importing account statements from the bank, match attachments, combine payments and create deposit slips automatically. 


Continia Statement Intelligence includes functionality to load electronic bank statements from the bank, which allows 
Continia Payment Management to easily balance your bank accounts. This simply requires bank statements in electronic form. 


The account statement is loaded into Continia Payment Management, which finds the corresponding bank entries – or makes suggestions if there are multiple options. Additionally, proposed counter-entries are automatically created if the bank entry cannot be found, for example, deposits, interest, fees, and more.
 

 

Balancing of debtor payments with a few steps 

When a given period’s account statement is loaded into Business Central, Continia Payment Management has already closed and posted the entries. 


Continia Statement Intelligence then finds all debtor payments, whether via account transfer or another format, including foreign payments, and creates these entries on the deposit slip.
 


Continia Statement Intelligence also recognizes fixed, recurring items such as bank fees. If there are any unclear entries after reconciliation, such as errors in the notification text, these items can be automatically transferred to a draft where you can make posting proposals.
 

 

Easy handling of exchange rate differences 

Different currencies are also handled easily and efficiently. When an invoice in a foreign currency is posted, it is registered in your local currency at the given daily rate. After this, the invoice amount is transferred to the bank via Continia Payment Management, and it will correspondingly be in the specific day's rate. 


The payment is sent to the bank with Continia Payment Management and the subsequent bank statement from the bank is loaded into Continia Statement Intelligence, which 
locates the corresponding bank records in Business Central. 


Continia Statement Intelligence registers differences in the price amount from the posted price to the payment price and automatically suggests that journal entry lines are created to post these exchange rate differences on a price difference account.
 

How do you get it? 

Microsoft Dynamics NAV or Business Central on-premises – requires a purchase of the additional license for Continia Payment Management, Statement Intelligence. 

Business Central Online (also known as Cloud or SaaS) – all features are included in Continia Payment Management available at Microsoft AppSource