Top accounting platforms today partner with fintechs and banks to streamline the flow of banking data into the accounting platform, so that the transactional data appears automatically and in real time, enabling faster reconciliations.

In order to achieve this, open banking legislation and smart reconciliation modules in ERPs allow finance professionals to match debits and credits from bank statements with open bills and invoices, reducing manual work and saving time in the process - a solution called bank feeds.

Bank feeds solution connects your bank accounts directly to your ERP. This live connection means that transactions are synced automatically and appear in your ERP or accounting software in real time without needing to download and upload bank statements and relying on files.

ERPs now leverage machine learning to suggest matches between transactions and your open bills, helping finance teams reconcile faster and more accurately.

Bank feeds offer a non-disruptive first step toward automation, one that delivers immediate benefits in visibility, accuracy, and time savings.

Ideal for:

Companies who still approve and execute payments manually

Finance teams who want better control and visibility over payments, without changing how they pay and work

Businesses looking to streamline reconciliation, but not yet ready to fully automate payables

While they eliminate the need for manual imports and basic matching, bank feeds don’t fully automate the payables or reconciliation process. That’s because real-world finance isn’t always straightforward: invoices and payments often don’t match 1:1. You might face:

Broken or missing payment references

Payments covering multiple invoices

Multiple payments to the same supplier

Manual rework to reconcile complex transactions

These scenarios still require input, context, and time from your team, especially as payment volumes grow.

This is where Automated Payables come in.

At Fyorin, we offer two powerful solutions to help streamline your financial operations: Bank Feeds and Automated Payables. Both help reduce manual tasks and increase governance. But depending on your team’s needs, size, and workflows, one may be a better fit for where you are today and where you're going.

We help finance professionals:

Simplify reconciliation and reduce manual workwith no-frill bank feed syncing to your

Automate end-to-end payables, from invoice receipt, through payments all the way to reconciliation, with seamless ERP integration

ERP Connect and view Fyorin and external accounts in one place

Pay globally in 100+ currencies from one platform

You don’t have to overhaul your financial operations overnight. With Fyorin, you can start with real-time visibility and effortless reconciliation, then layer on automation as your business grows. Book a demo or reach out to us at [email protected], we’ll help you take the next best step.

With Automated Payables, the entire process is automated from start to finish. Once you integrate your accounting platform with your accounts payable tool, all you need to do is enter the bills and from then onwards, it's all automated. Banks pull the bills to be paid, and intelligently determine the best route to pay suppliers. Once completed, the system automatically reconciles the invoices as paid.

In summary, with automated payables you get:

Automated import of bill payments (including attachments) into the bank.

Automatic reconciliation of paid bills in the accounting platform - also available for bulk payments!

Less back and forth with the bank thanks to the attachment being readily available on the banking platform.

You can take the process one step further by posting invoices into the accounting platform using OCR (optical character recognition) technologies. It is even possible to route your invoices to an email inbox that automatically enters them into your accounting.

Ideal for:

Companies processing larger volumes of payments

Teams spending too much time on manual approvals, matching, and bank admin

Businesses looking to automate global payables across