Business Functionality

As an end-to-end solution for streamlining and automating vendor payment and bank account reconciliation processes, Continia Payment Management offers considerable benefits to virtually any business.

Built on a modular basis, it can be customized to suit your particular business needs. Each of the modules that it’s divided into represents an area of functionality, and you can choose to add any modules you want. You add these using the initial setup guide, which you can access straight from your Role Center.

Below you’ll find a description of each of the modules, along with an overview of their respective features.

Essential

With the mandatory Essential module, you get all the basic features you need to validate and export your payments, thereby ensuring that they comply with the requirements of your bank.

The Essential module includes the following key features:

FeatureIncluded
Support for Direct Debit for Rabo Bank, ING Bank, and ABN AmroCheckmark
Detailed validation of all payments in accordance with bank requirementsCheckmark
Ability to make payments to various banks from the same payment journalCheckmark
Unique payment reference for each payment, ensuring 100% correct reconciliationCheckmark
Automatic creation of payment ID (generated from the OCR string)Checkmark
Automatic summarizing of payments in the payment journalCheckmark
Ability to manually summarizing payment lines in the payment journalCheckmark
Ability to create and send notificationsCheckmark
Predefined setup for importing and exporting bank filesCheckmark
Ability to set up customer application rules, as a help to apply customer payments in the cash receipt journalCheckmark
Payment history with an overview of the payment process from the moment the payment was created in the payment journalCheckmark
Currency-dependent balance accountsCheckmark
Assisted setup and validation of vendor payment informationCheckmark
Ability to pay employee expenses from the payment journalCheckmark
Validation of payment information on vendor, purchase, and sales documentsCheckmark

Statement Intelligence

The Statement Intelligence module assists you in the process of applying statement lines with both closed and open ledger entries. Using the features of Statement Intelligence you are close to automating the reconciliation process to a maximum.

The Statement Intelligence module includes the following key features:

FeatureIncluded
Automatic reconciliation using user-defined search rulesCheckmark
Merging of bank account statement linesCheckmark
Reconciliation of employee paymentsCheckmark
Reconciliation of customer paymentsCheckmark
Customer reconciliation search rulesCheckmark
Vendor reconciliation search rulesCheckmark
Employee reconciliation search rulesCheckmark
Rules specific to each individual bank accountCheckmark
Search rules for the identification of fixed payments, with auto-generation of ledger entriesCheckmark
Various features to ease the bank account reconciliation processCheckmark

Direct Communication

The Direct Communication module enables you to automatically communicate and exchange payment details directly with your bank, eliminating the need to manually import and export payment and bank account files.

With the Direct Communication module, you get access to the following key features:

FeatureIncluded
Automatic import and export of payment filesCheckmark
Status files from your bank with information on the status of each payment (such as Sent, Received, Rejected, and Paid)Checkmark
Automatic import of bank account statementsCheckmark

IBAN Lookup

IBAN Lookup makes it possible for you to automatically generate vendor bank account information based on IBAN numbers.

With the IBAN Lookup module, you get the following key feature:

FeatureIncluded
Automatic generation of bank account details based on IBAN numbersCheckmark

See also

Feature Management
Detailed Changelog
Pricing details