FAQs

Bankinplay is an innovative cloud-based application designed to revolutionise corporate cash management. Its main value proposition lies in the full integration of a company's banking transactions with its corporate management systems (ERP), providing a clear and up-to-date overview of its finances.
This enables the automation of critical accounting and treasury processes, such as bookkeeping and reconciliation, resulting in a significant increase in productivity, minimisation of human error and real-time financial information for more informed decision-making.

Bankinplay achieves automation through official and secure connections with more than 15,000 banks worldwide, retrieving banking transactions in real time, regardless of the source format (Norma43, MT940, etc.) and transforming them into a single, readable format. The key processes it automates include:

• Downloading, classifying, and recording bank transactions: Eliminating manual tasks and ensuring that your accounts are always up to date.
• Bank reconciliation: Automatically achieving reconciliation rates of over 90% by continuously comparing bank transactions with accounting entries in the ERP.
• Collection and payment management (Third Party Module): Automatically reconciling invoices issued and received with collections and payments from banks, cards, and POS terminals, even handling multiple invoices for a single collection/payment and detecting discrepancies.
• Report generation: Automatically providing cash flow reports and forecasts, enabling in-depth analysis and better liquidity management.

Bankinplay offers comprehensive global compatibility. It connects to more than 15,000 banks worldwide, regardless of the format of their bank statements. In terms of integration with ERP systems, it is compatible with the leading systems on the market, including Dynamics 365 Business Central, Dynamics 365 Finance, SAP R3, S/4HANA, Business One and ByDesign, UNIT4, Oracle NET Suite, SAGE X3, SPIGA+, among others. It also has a powerful API that allows connection to other systems such as CRM or customised dashboards.

Unlike manual methods or banking aggregators that only show your balance, Bankinplay offers a comprehensive solution with multiple benefits:

• Full automation: Eliminates the need for manual processes in unloading, sorting, accounting and reconciliation, freeing up time for strategic tasks.
• Up-to-date, real-time information: Direct connection to banks for intraday updates, without relying on banking portals, offering a proactive view of finances.
• Accurate and continuous reconciliation: Greater precision and real-time error detection, ensuring a perfect accounting close and reducing audit times.
• Comprehensive, unified view: Multi-bank and multi-ERP capability, integrating all financial information in one place, including management of multiple companies and currencies.
• Advanced treasury: Work with estimated collection and payment dates, rather than just due dates, providing a more accurate liquidity forecast.
• Scalability and accessibility: Cloud-based platform, affordable for businesses of any size and industry, with multi-language and multi-device access, with no user limits based on cost.

Bankinplay prioritises data security with the highest standards. It is a 100% cloud-based solution, allowing access from anywhere in the world with protected communications and data. In addition, it has backup copies in different geographical locations to safeguard information. It is important to note that Bankinplay never stores users' bank access codes; instead, the system generates a code that is valid for 90 days to download transaction files, and always operates under regulations such as PSD2, which may involve additional verifications directly with the bank. Bankinplay only has access to retrieve transactions, never to create, modify or issue payment orders.

Bankinplay offers a series of modules that extend its functionality, building on the mandatory Banking Communications module:

• Automatic Accounting: Enables direct accounting of bank transactions (commissions, transfers, taxes) with connection to the ERP accounting plan and customisable rules.
• Third-Party Module: Reconcile bank, card, and POS payments and collections with invoices issued and received, managing remittances, intra-group transactions, advances, and detecting duplicates.
• Bank Reconciliation Module: Performs continuous reconciliation of bank ledgers with banks, identifying and correcting errors in real time and generating audit reports.
• Treasury Module: Generates short- and long-term cash flow reports, treasury budgets, future liquidity simulations, and helps optimise treasury peaks and financial costs.
• Budget Module: Create automatic budgets, monitor deviations in real time, and manage scenarios to anticipate financing or investment needs.
• Investment and Financing Module: Controls financing (loans, renting, leasing, guarantees, etc.) and associated costs, as well as fixed or variable investments.
• Retail Module: Facilitates the reconciliation of cash register closings (cash, card, vouchers) with bank income/expenses for businesses with in-store or online sales.

Bankinplay transforms banking data into useful information for decision-making and financial analysis through:

• Automatic reports: Generate cash flow reports and forecasts, allowing you to anticipate liquidity needs and optimise investments.
• Custom dashboards: Offers Power BI-based dashboards with interactive visualisations and business intelligence capabilities, allowing users to create their own customised reports and dashboards.
• Detailed movement analysis: Classifies movements into more than 400 instruments and 100 concepts, facilitating the analysis of large volumes of data, balance justification and budget analysis.
• Bank cost control: Enables detailed analysis of fees and financial costs.
• Unlimited historical data: Store all transaction information without time limits, facilitating searches by multiple criteria and historical analysis.
• Habit-based forecasts: In the third-party module, learn from customers’ payment habits to provide more accurate estimated collection dates.

Bankinplay offers a help and technical support service available Monday to Friday during business hours (8:30 a.m. to 6:00 p.m.), included in the price of the service. Its pricing model is modular and scalable, billed monthly for the number of connected accounts. Additional modules for process automation (Accounting, Reconciliation, Float) and treasury (Budgets, Investment Financing, Treasury) have rates that vary according to the number of accounts, with prices per account decreasing as the volume increases. Consulting and training services associated with the implementation of each module are also offered, with fixed prices for the initial parameters. The system is designed to be affordable and accessible for businesses of any size, with no cost per user.

Anyone who needs to keep their banking position up to date with the possibility of automating all accounting and treasury processes in a single tool. BankinPlay has clients from 1 to 300 companies, from 2 to 1150 domestic and/or foreign bank accounts. It is especially useful for financial departments looking for efficiency and control.

Our platform connects directly with banks all over the world through standardised protocols (such as AEB, SWIFT, MULTICASH, DATANET, CODA…), which allows you to centralise operations and automate processes such as the receipt of statements. It also translates all the banks' own and common codes so that you have a common consolidated position.

BankinPlay connects via API with all European banks and every day with more banks worldwide to offer you everything that happens in your banks at all times. In addition, with its intelligent alarm system, you will be informed of all deviations and incidents that occur.

Yes, BankinPlay is available in multiple languages and allows you to set up multi-user profiles with different levels of access, ideal for internationally distributed financial teams. And remember, there is no per-user billing.

Bankinplay will generate your short and long term CashFlow report projecting all the collection and payment forecasts, your financial maturities and your budgets to give you a clear view of your future cash flow. And it will automatically update it with the banking and commercial information that reaches the system.

Yes, BankinPlay integrates easily with the main ERP systems on the market through secure connectors and APIs, ensuring a seamless and error-free data flow. Bankinplay also works with Groups of companies that work with different ERPs in each of their companies or regions.

BankinPlay complies with international security standards, including encryption of all data, BankinPlay monitors all access and even has its own cybersecurity company. We have also obtained ISO 27001 and are in the process of ENS (National Security Scheme).

Yes, we offer a personalised demo so you can evaluate how it suits your needs. And if you like it, we let you try it in real life for 1 month.

Total. Not only the support, but our consultants will accompany you throughout the process to adapt the system to your needs and train you to get the most out of the system.

You can export all your financial information in standard formats. We guarantee the secure deletion of your data in accordance with current data protection regulations.