Direct Banking Cobase

Direct Banking Cobase – Global banking made simple for Business Central

Do you work with EU and non-EU banks or handle large volumes of international payments, or manage multiple bank accounts? Then Cobase is your ideal banking solution. With Direct Banking fully integrated with Microsoft Dynamics 365 Business Central, Cobase lets you initiate and authorize payments directly, without logging into separate banking portals or sharing bank credentials.

With connectivity to over 15,000 banks worldwide, Cobase brings global reach, centralized control, and efficient cash management right into Business Central.

Simplify banking. Centralize your financial operations. Streamline your global payments with Cobase and Direct Banking for Business Central.

Streamline your banking operations with Direct Banking, offering seamless integration between your bank account(s) and Microsoft Dynamics 365 Business Central. Connect to your bank(s) directly to retrieve, send, and reconcile transactions, all in your Business Central.

Key features and benefits from idyn’s Direct Banking and Cobase:

• Broad bank connectivity: connect with over 15,000+ financial institutions global via Cobase.
• Automated reconciliation: bank statements synchronize directly with Business Central and are reconciled automatically and eliminating manual processes.
• Efficient payment processing: send payments directly from Business Central to your bank accounts without the need for separate file uploads or manual entry.
• Up to 80% time savings: reduce the time spent processing bank statements.
• Easy and quick to install and implement.
  
  

Supported banks include:

ABN AMRO, Rabobank, ING, SNS, KBC, Deutsche Bank, JP Morgan, HSBC, Wells Fargo, Citigroup, Goldman Sachs, Truist, Barclays, Lloyds, Santander, Mitsubishi UFJ, Royal Bank of Canada, Bank of America and 15,000+ more.

Functionalities of idyn’s Direct Banking:

• Bank balances are always up to date within Business Central.
• Automatic import of daily statements and automated reconciliation.
• Export payment files directly from Business Central to the Cobase platform.
• Directly add bank accounts to customers and suppliers from the bank book.
• Support for G-accounts (blocked accounts) for supplier payments.

Functionalities of Cobase:

• Payment autorization workflows.
• Financial dashboard/cash visibility.
• Cash pooling (target balancing).
• FX Dealing & FX exposure.
• Manual & uploading paymants.
• Liquidity forecasting.
• In-house banking.

Note: A Cobase account is required to use Direct Banking.

Cobase is developed for multiple banking relationships with high volumes and international payment flows.

Suited for organisations working with non-EU banks, processing large volumes of international payments, or managing multiple bank accounts. Cobase offers global connectivity and enables payment initiation and authorisation directly from Business Central and the Cobase portal. With Cobase, there’s no need to log in to individual bank accounts. More than 15,000 global banks are supported.

For more information, demos, or a quote, please get in touch with your Microsoft partner or go to: https://www.idyn.nl/request-info/

Supported editions

Essential and Premium editions of Business Central.

Languages supported

This app is available in Dutch, French, German and English.

Supported countries

Austria, Belgium, Bulgaria, Czechia, Denmark, Finland, France, Germany, Hungary, Ireland, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Spain, Sweden

More information

For more information about this application, go to https://www.idyn.nl/solutions/direct-banking/

More information about Cobase banking platform can be found here: Cobase - Microsoft Dynamic Business Central