Software Alternatives & Reviews

Bankfeed VS Odoo

Compare Bankfeed VS Odoo 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.

Odoo logo Odoo

An all-integrated business app suite to unleash your growth potential.
  • 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/

  • Odoo Landing page
    Landing page //
    2022-10-03

Odoo believes amazing employees deserve great software. With its community of +7 millions and +37 000 apps, the company that was once a basic ERP solution changed its focus to a fully integrated and customisable suite of business applications. From eCommerce to Sales through Accounting and HR, Odoo integrates everything any business needs to grow into a single solution. Therefore, Odoo is the only platform you will ever need to help run your business : integrated apps, kept single and loved by millions of users.

Bankfeed

$ Details
paid Free Trial €100.0 / Monthly (Up to 3 bank accounts)
Platforms
Microsoft Business Central

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

Odoo 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

Odoo videos

Odoo is not an ERP, it is just a framework

More videos:

  • Review - Intro to Odoo: What is Odoo?
  • Demo - Odoo All-in-One Software Demonstration (Tour)
  • Demo - Odoo| All In One

Category Popularity

0-100% (relative to Bankfeed and Odoo)
Finance
100 100%
0% 0
ERP
0 0%
100% 100
Accounting & Finance
2 2%
98% 98
CRM
0 0%
100% 100

Questions and Answers

As answered by people managing Bankfeed and Odoo.

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

Share your experience with using Bankfeed and Odoo. For example, how are they different and which one is better?
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Reviews

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

Bankfeed Reviews

We have no reviews of Bankfeed yet.
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Odoo Reviews

  1. Odoo is an ERP with all the apps a business need

    As a Software Engineer with 9 years of experience integrating ERP Software, Odoo is my first recommendation for almost any kind of business. Odoo achieves the sweet spot between business features and friendly interface, and has more than 14.000 modular applications that provide virtually any business need out of the box.

    👍 Pros:    Many built-in features|Easy user interface
  2. The Best ERP software for Business Management

    Over the years, business industries have crossed over with different developments and innovative advancements in the field of ERP. What an ERP was twenty or thirty years back and what an ERP of today is a matter of astonishment. Benefits of Odoo

    1. Easily adaptable software for any industry type.
    2. Freedom from licensing costs.
    3. No fear of Vendor Lock-in.
    4. Large customization and integration possibilities
    5. Upgrades and improvisations with each version release.
    6. Unlimited functional support if deployed at the enterprise level.
    7. Scalability and Modularity.

    And many more features.

    🏁 Competitors: SAP ERP, Netsuite ERP

17 Best ERP Software To Monitor Business Vitals In 2024
I decided to select Odoo ERP as the best ERP software with the most user-centric approach to design. Odoo's ERP system offers a modern and intuitive user interface that simplifies complex business processes and makes it easier for employees to use the software.
Source: thecfoclub.com
Top 9 NetSuite Alternative Software for Professional Services
ERPNext is a similar solution to Odoo, but it offers a more affordable pricing model with unlimited users. It can be a good option for smaller and mid-sized businesses with unusual workflows. As with Odoo, implementation of ERPNext may require expertise and effort, so make sure you’re ready for it before choosing it as your solution.
Source: productive.io
Top 9 Odoo Alternatives
We We Chose It: Intuit Quickbooks Online is a cost-effective accounting solution for individuals, freelancers, startups, and small-to-medium businesses (SMBs). While limited in features compared to Odoo, it is a great alternative for those looking to downsize into something more basic, while also providing features Odoo may not excel at, including tax management.
11 Best Customer Service Software & Apps You Need in 2022
Businesses on a tight budget, pay attention: Odoo is an open-source software platform with a suite of apps that help you power your business, and what’s more, its Helpdesk app is completely free (so long as you don’t need extra apps or hosting). Odoo’s website says it has 7 million users.
Source: krisp.ai
Best ERP Software 2022: Top Rated ERP Systems Comparison
Odoo is an open-source ERP and CRM software. You can download it or use it in the cloud. It has functionalities to streamline your operations, build websites, manage finances, customize & develop, etc. You can choose your hosting type, Cloud Hosting, on-premise, and Odoo.sh Cloud platform.

Social recommendations and mentions

Based on our record, Odoo seems to be more popular. It has been mentiond 13 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Bankfeed mentions (0)

We have not tracked any mentions of Bankfeed yet. Tracking of Bankfeed recommendations started around Jun 2023.

Odoo mentions (13)

  • Need guidance on how to create an Odoo module using the UI
    Are you on odoo.sh, odoo.com, or are you self hosted? Source: 5 months ago
  • Need help implementing
    My own experience from more or less freelancing: If you create an account on a preconfigured server without setting it up on a machine of your own, e.g. On odoo.com / odoo.sh, or cloudpepper.io/ and don't need very specific configurations done, plus are willing to try out and learn a lot (we're speaking about days, not hours, depending on what you need even more than a week) you can do it on your own. Source: 11 months ago
  • Odoo Multi-domain Email Servers
    I hope I understand correctly but I cannot change the alias to a custom domain, it has to end in odoo.com. The alias that the new company's tickets are being directed to is connected to its own incoming server and it is used regularly. Source: 12 months ago
  • Is ERP the right solution for my family's small manufacturing business?
    If you are looking for an ERP, check out odoo.com Everything you mention is possible and it's not that expensive imo. Source: about 1 year ago
  • how do people keep track of their projects and todo?
    Leantime and Odoo are also good options. Https://leantime.io/ Https://odoo.com (search community edition). Source: over 1 year ago
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What are some alternatives?

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

Xero - Xero is online accounting for your small business.

ERPNext - The ERP Software that helps you take full control of your business. ERPNext is both powerful and easy to use.

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

SAP ERP - SAP ERP is enterprise resource planning software developed by the German company SAP SE.

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.

Oracle NetSuite - NetSuite is the leading integrated cloud business software suite, including business accounting, ERP, CRM and ecommerce software.