Software Alternatives, Accelerators & Startups

Bankfeed VS Datamolino

Compare Bankfeed VS Datamolino and see what are their differences

Bankfeed logo Bankfeed

Is your company receiving a lot of incoming payments? Are you using more than one bank? Bankfeed saves time and prevents errors by automating the import of bank statements to Microsoft Dynamics 365 Business Central and the reconciliation of payments.

Datamolino logo Datamolino

Process all invoices without retyping. We turn your invoices into structured electronic documents, that you can import directly into your accounting system.
  • Bankfeed Landing page
    Landing page //
    2023-06-12

Forget about logging into different banks. Have all your bank statements in Microsoft Dynamics 365 Business Central, and reconcile payments with invoices AUTOMAGICALLY!

If your company meets at least one of these conditions, you will find Bankfeed valuable: • Receives many payments • Uses several bank accounts • Wants to post transactions quickly and error-free • Wants to view payments in real time • Has operations in multiple countries

Bankfeed allows you to automate bank statement import into Microsoft Dynamics 365 Business Central as well as payment recognition and reconciliation with issued invoices.

The solution works with all European banks, including Santander, ING, Barclays, HSBC, Swedbank, Revolut, PayPal, Stripe, Wise, American Express, N26 and others.

Here's what customers have to say: “At least 98% of incoming payments are automatically identified and reconciled with invoices. This makes my daily work much easier.” Jurgita Lapinskiene, USAD

“We have more than 60 bank accounts, so it used to take a lot of time to manually manage all the incoming payments. I am happy that Bankfeed automates that.” Neringa Baronaitiene, Gelvorasergel

“The automatic recognition and reconciliation, as well as the separation of bank charges, saves at least 4 hours per day, i.e., about 10 days per month.” Sigita Geinaite, Trobos

FOR MORE INFORMATION PLEASE VISIT https://bankfeed.com/

  • Datamolino Landing page
    Landing page //
    2023-10-05

Bankfeed features and specs

  • All European banks: Yes, 2300+ banks
  • Automatic bank statement import: Yes
  • Automatic payment recognition: Yes
  • Automatic payment reconciliation: Yes
  • Automatic invoice reconciliation: Yes

Datamolino features and specs

No features have been listed yet.

Bankfeed videos

Bankfeed demo

More videos:

  • Tutorial - Bankfeed Assisted Setup for Bank Connection
  • Tutorial - Bankfeed Assisted Setup for General Settings
  • Tutorial - Bankfeed Guided Tour

Datamolino videos

How to use Datamolino with Xero - in 5 minutes

More videos:

  • Review - Datamolino and Xero Walkthrough in 10 minutes
  • Review - Datamolino - Introduction (ENG)

Category Popularity

0-100% (relative to Bankfeed and Datamolino)
Finance
100 100%
0% 0
Accounting
4 4%
96% 96
Accounting & Finance
9 9%
91% 91
Bookkeeping
0 0%
100% 100

Questions and Answers

As answered by people managing Bankfeed and Datamolino.

Why should a person choose your product over its competitors?

Bankfeed's answer

Bankfeed works with all European banks, including Santander, ING, Barclays, HSBC, Swedbank, Revolut, PayPal, Stripe, Wise, American Express, N26 and others. 2300+ banks in total. The solution also provides automatic payment reconciliation with issued invoices.

Which are the primary technologies used for building your product?

Bankfeed's answer

Bankfeed works as an add-on for Microsoft Dynamics 365 Business Central. For the integration with all European banks, the solution uses open banking (PSD2) technology.

Bankfeed supports the most common bank formats worldwide: CAMT.053 (financial statement import) CAMT.052 (financial statement import)

How would you describe your primary audience?

Bankfeed's answer

If a company meets at least one of these conditions, it will find Bankfeed valuable: - Receives many payments - Uses several bank accounts - Wants to post transactions quickly and error-free - Wants to view payments in real time - Has operations in multiple countries

What makes your product unique?

Bankfeed's answer

Bankfeed allows you to automate bank statement import into Microsoft Dynamics 365 Business Central as well as payment recognition and reconciliation with issued invoices.

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Bankfeed and Datamolino

Bankfeed Reviews

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Datamolino Reviews

Accounts Receivable Software
Bookkeeping automation for effective accountants and bookkeepers! Learn more about Datamolino

What are some alternatives?

When comparing Bankfeed and Datamolino, you can also consider the following products

Xero - Xero is online accounting for your small business.

Dext - Receipt Bank converts key information from your bills, receipts and invoices into data you and your company can use! No obligation Free Trial available.

Sage Intacct - Intacct is a cloud-based accounting and financial management system that is designed for the businesses of all levels.

DOKKA.com - The Future has Arrived: Accounting Process Automation

QuickBooks Online - QuickBooks Online is a Cloud Accounting for small business that can be used on iPad, mobile phone or computer to do invoicing, billing, run reports, or even pay employees online.

EntryRocket - Simplify your bookkeeping by automating file imports into Xero.