Software Alternatives, Accelerators & Startups

Bankfeed VS SAP ERP

Compare Bankfeed VS SAP ERP 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.

SAP ERP logo SAP ERP

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

  • SAP ERP Landing page
    Landing page //
    2023-09-16

Bankfeed

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

SAP ERP

Website
sap.com
Pricing URL
-
$ Details
-
Platforms
-

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

SAP ERP 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

SAP ERP videos

No SAP ERP videos yet. You could help us improve this page by suggesting one.

+ Add video

Category Popularity

0-100% (relative to Bankfeed and SAP ERP)
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 SAP ERP.

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 SAP ERP

Bankfeed Reviews

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SAP ERP Reviews

17 Best ERP Software To Monitor Business Vitals In 2024
Features that make SAP ERP stand out from the competition include reliable multi-currency and multi-language capabilities, real-time access to overseas financial and operational data, and advanced supply chain management tools that ensure timely and efficient delivery of goods, crucial for highly regulated industries.
Source: thecfoclub.com
Best ERP Software 2022: Top Rated ERP Systems Comparison
SAP ERP is another product from SAP for large-sized organizations. It is one of the most widely used ERPs, which is being implemented across industries, across countries, across languages, and currencies. It also comes with a mobile interface to access anytime, anywhere. Apart from these, it also offers seamless migration to SAP S/4HANA.
10 Best ERP Software Of 2021 (+ Free ERP Options)
In 1972, five former IBM employees founded the company they call SAP Systemanalyse und Programmentwicklung (“System Analysis and Program Development”). Since then, SAP ERP has excelled in enterprise resource planning and financial management solutions. SAP currently supports over 200M subscribers in their cloud user base and has been named a top contending software company...

What are some alternatives?

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

Xero - Xero is online accounting for your small business.

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

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

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

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.

Epicor Kinetic - Epicor ERP is a global enterprise resource planning solution.