Sycor.BankImport- Automated bank statement import and processing

Reduce manual effort in financial accounting with Sycor.BankImport – our powerful module for automated bank statement imports and processing. Automating these tasks saves time and money by minimizing manual intervention.

Sycor.BankImport automatically matches incoming and outgoing payments with open customer and vendor invoices using reference numbers, bank details, or names. It also handles multiple payments and customer return debit notes efficiently — including reversing previously cleared open items and generating a voucher for return debit fees.

Even complex transactions such as batch payments, credit card charges, or PayPal transfers are accurately identified and posted to the correct ledger accounts.

Your Benefits with Sycor.BankImport

• Optimize your financial workflows through automation
• Quickly find key transactions with smart search capabilities
• Save time and reduce costs by eliminating manual processing

Key Features at a glance

• Multi-client support for MT940 and CAMT.053 bank formats
• Fully automated import and transaction processing
• Categorization of the posting processes for the bank statement using business identification codes
• Flexible rule-based search for e.g. invoices, customers, vendors, and accounts
• Direct access to existing open items within imported bank statements with marking option for automatic settlement on posting
• Generation of open customer/vendor items (e.g. bad debts) directly in the account statements
• Storage of bank information in sub-ledger accounts
• Segmentation of imported statements based on various criteria
• Automatic journal creation for each bank included in the statement
• Comprehensive overview and logging of all search and processing steps

About Sycor: Since our foundation in 1998, we have grown into a global company with around 500 employees and six locations across three countries. As a trusted partner for digital transformation, we have been supporting companies in the mobile goods rental sector in achieving their goals for over 20 years.

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- more information or a live demo

- information regarding licensing and implementation effort