Business Functionality
As an end-to-end solution for streamlining and automating vendor payment and bank account reconciliation processes, Continia Banking offers considerable benefits to virtually any business. Built on a modular basis, you can customize Continia Banking to suit your business needs.
Continia Banking is built around the Essential Module that covers the core functionalities needed for basic financial operations. Beyond this, several additional modules enhance and expand its capabilities, providing businesses with a flexible and scalable solution tailored to their unique needs.
Essential
The Essential Module is the heart of the Continia Banking solution. It equips businesses with the fundamental tools required for efficient financial management:
- Exporting payments - this feature manages payment journal lines for both vendors and debtors, facilitating smooth transactions and maintaining healthy cash flow. For more information, see the Export overview article.
- Importing statement lines - streamlines the bank reconciliation process by importing bank statement lines directly into Business Central, saving time, reducing errors, and enabling efficient reconciliation functionality.
- Direct Debit management - by handling collection journal lines, this feature supports automated direct debit processes, making it easier to manage recurring payments.
With the Essential module, you get access to the following key features:
| Feature | Included |
|---|---|
| Files formatted according to supported banks. |  |
| Enhanced Summarize payments. | |
| Create payments for employees. | |
| Create payments for customers. | |
| Adapted Payment process to easily work with multiple balance accounts. | |
| Balance account on recipient, currency. | |
| Enhanced payment discount setup. | |
| Remittance advice templates. | |
| Direct access to applied entries. | |
| Document Capture/ Expense Management integration. | |
| Bank Closing days. | |
| Automatic creation of payment reference on purchase invoice. | |
| Support for payments to Associations, Customer/ Vendor links (Continia Finance integration). | |
| Maximum payment allowed per vendor/customer header. | |
| Payment suggestion without application - Manual application. | |
| Maximum payment suggestion amount with priority. | |
| Cost handling. | |
| Payment Posting setup. | |
| Alternative vendor/ customer information. | |
| Payment suggestion history, templates. | |
| Include On Hold entries in Payment Suggestion. | |
| Extended filter options. | |
| Advanced Payment Suggestion. | |
| Recipient Bank Account Search. | |
| Enhanced error handling. | |
| Cloud Storage. | |
Direct Communication
The Direct Communication Module enhances the Continia Banking solution by automating the exchange of financial data between banks and Business Central. Instead of manually uploading and downloading files, you can choose to have the system automatically send and receive these files directly from the bank's systems to Business Central using the Continia Banking Direct Communication service to:
- Automatically send and receive bank files - files are transferred between your financial institution and Business Central without the need for manual intervention, ensuring a faster and more reliable process. For more information, see the bank articles.
- Simplify and synchronize transactions - payment instructions and bank statements are automatically updated in real-time, minimizing the risk of errors and significantly reducing the manual effort required.
The Direct Communication module includes the following key features:
| Feature | Included |
|---|---|
| Assisted setup for easy onboarding of bank communication. | |
| Share bank certificates between companies. | |
| Export payments directly to the bank from the Payment Journal. | |
| Get payment status directly from bank into the Payment Journal. | |
| Automatically adjust exchange rate from status file. | |
| Automatically update posting date from status file. | |
| Import statement lines directly into the Bank Account Reconciliation. | |
| Import statement lines directly into the Payment Reconciliation Journal. | |
| Support detailed Status updates, with receipt confirmation for receiving the payments. | |
| Support communication via EBICS-provider konfipay. | |
Security
In today’s digital world, protecting financial transactions is crucial. The Security Module in the Continia Banking solution helps to secure these transactions by offering:
- Bank account verification - this feature adds an essential layer of security by verifying bank account details before payments are processed. This verification step is crucial in preventing fraud and ensuring that payments are executed accurately and securely. For more information, refer to the Bank Account Verification articles.
- Security - this module allows you to establish a secure and streamlined process for authorizing payments to vendors, employees, and customers. You can configure a distinct approval workflow for each payment journal, with options to approve individual payment lines or the entire batch collectively. For more information, refer to the Payment Approval articles.
The Security module includes the following key features:
| Feature | Included |
|---|---|
| Enhancement of a range of common workflow and approval scenarios not supported by standard Business Central. | |
| Required approval of all payments made from a payment journal – either of the journal batch or the individual line. | |
| Ability to require approval of all payments made from a specific bank account. | |
| Multiple approvers with different approval amount limits. | |
| Automatic approval of payments within predefined amount limits. | |
| Delegation of approval requests to another user. | |
| User-friendly process for approving, rejecting, or delegating approval requests. | |
| Functionality that enables users to add comments to a specific approval request before they handle it. | |