Synchronize Your Bank Accounts
To use this feature, ensure that:
You have Payments with EBICS & H2H activated on your entity.
Your bank accounts are synchronized and activated in "Banks & Integration" page
Your synchronized bank accounts will appear in Settings > Bank Accounts (ebics) in the Payments module. Only the name and IBAN are synchronized. To use these accounts in the Payments module:
Associate each account with an EBICS/H2H contract.
Add a BIC or declare the account as external.
You can also add accounts manually if needed.
Create Balancing Transfers from Cash Positioning
If you have the "Prepare payments" permission on your user, you can send balancing transfer suggestions directly to the Payments module:
In Cash Positioning, review your cash positions and identify accounts that require balancing.
Use the balancing transfer suggestions feature to generate transfers.
Send these suggestions to Payments.
In the Payments module, the received transfers will be created as draft payments with:
Payment type set to "Internal".
The debited account already set if the account is synchronized.
The beneficiary account specified.
Q&A ❓
What is cash pooling and why is it important?
Cash pooling involves balancing the cash across multiple bank accounts to avoid overdraft fees and optimize cash usage. It helps you cover the needs of accounts with insufficient funds and efficiently utilize excess cash.
Can I use this feature across multiple entities?
Yes, you can perform balancing transfers between entities that share a direct ownership link (e.g., holding and subsidiary). Transfers between subsidiaries may require moving funds via the holding entity.
What if my bank accounts are not synchronized?
If your bank accounts are not synchronized, you can still add them manually in the Payments module. However, synchronizing accounts ensures accurate and up-to-date information in the bank tab.