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Currently you rely on Yodlee which is unreliable and relatively insecure.

There are a number of small business packages Xero, MYOB, QuickBooks amongst others who have built more secure and reliable methods of integration with banks. I'd imagine this is the case in many other regions as well.

In Australia there is a new payments platform and open banking initiatives that will make this even easier.

Both SAP and Oracle will move to build out these centralised bank feed services across all tiers of their offerings in the next two years. It will be important for Microsoft to either build out their own centralised service and API with the banks or partner to achieve this.

Benefits include:

-More secure integration with banking data
-More reliable and timely bank information
-Eventual integration with bank payment APIs as well
STATUS DETAILS
Declined
Ideas Administrator

Thank you for your feedback. Adding banking connectivity is a task for Microsoft Partners/ISVs.
At this moment there are banking connectivity apps available on AppSource for businesses in Australia. An example is here: Business Apps – Microsoft AppSource

Thank you.

Søren Alexandersen
Program Manager, Microsoft Dynamics 365 Business Central

Comments

R

Any MODERN erp system should have this functionality out of the box. To date we are having to build out this functionality on a case by case basis when a customer pays for this development work.

This costs time and money in which if you think about, the exponential costs would be in the millions of dollars. Microsoft should come up with a comprehensive solution to an issue that is now the norm for all Australian businesses. Not just say its on the road map.

Going to Mars is also on the roadmap.

Category: Financial Management

R

For the UK too please this is a very common requirement

Category: Financial Management

R

+1 for New Zealand also.

Category: Financial Management

R

This is really important feature for Business Central to be relevant with competition in Australia. Most of the other financial system providers are having bank feed, and not having it in Business Central is a disadvantage.


In my opinion and experience with clients, this is key feature that should be made available in AU as soon as possible.

Category: Financial Management

R

A few of my prospects client don't want to move to BC because they are using Xero and the moment I informed this auto bank feed feature is not currently available and Microsoft is looking into it.

It is indeed considered as most basic & useful feature from selling point of view.

Category: Financial Management

R

This is a stock standard accounting feature that small businesses expect to work out of the box in Australia. Importing manually via CSV is not an adequate substitute for this functionality. This is THE most important feature that needs to come to BC in Australia

Category: Financial Management

R

Same applies for New Zealand!

Category: Financial Management

R

I agree this is a must for Australia as all small business prospects stepping up from Xero, MYOB, Quickbooks etc expect it and will purchase other products if Business Central does not have it. They don’t want Add-ons or Apps or Partner Developed solutions. They just expect it in the standard software from Microsoft.

Category: Financial Management