PALBONIbankingCore operations · Banking & paymentsPALBONIbanking links PALBONSphere to Indian bank accounts. Approved payables go into a payment order, the order is sent to the bank through a connector, and the status comes back to the voucher. Bank statements can be pulled in for reconciliation.
Capabilities
Gather what is due into one payment order, summarised by party or by voucher, and send it for payment.
Each company bank account is tied to a connector that carries the payment to the bank and brings the reply back.
Say which payment rail may carry which payment, and let the order pick one for each row.
The bank's reply updates each payment row, so the order shows what has gone, what is pending and what failed.
Check the balance before you pay, and bring bank transactions in so they can be matched to the books.
Guard the account details payments depend on, and tell the payee when the money has gone.
Outcomes
The request, the order, the bank's response and the payment entry all sit on one trail in the books.
Select several purchase invoices, raise their payment requests together and pay them in one order.
Limits, bank account checks and the balance test are applied before an order goes out.
Connected
PALBONIbanking shares its data with the other products, so nothing is entered twice.
FAQ
That depends on the bank connector you set up. Banks are reached over API, in bulk or host-to-host, depending on the bank. Your implementation partner can confirm yours.
Yes. Payments, balances and statements are requested from a connector service that you set up and point each bank connector to, with its own key and secret.
Yes. Automatic updating is a setting, with a choice of 20 minutes, hourly or daily, and the status can also be fetched by hand from the order.
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