Overview
The Bank API Integration for Smart Financial Operations offers a unified backend solution that enhances financial transparency and automation. By linking transactions to monthly payouts and invoices, it simplifies financial management and improves audit readiness.
Problem Statement
The client struggled with fragmented financial visibility. Transactions appeared in bank statements without any contextual linkage in the internal system. This led to delays in tagging expenses, mismatches in contract invoice payments, and a lack of clarity during audits or monthly reviews.
Solution
We implemented a bank API integration directly into their backend panel. Key features included:
- Live Transaction Feed: Every bank transaction—credit or debit—now appears instantly in the internal panel.
- Expense Assignment System: Admins can tag debit entries to team payouts or categorize them as general business expenses.
- Contract Invoice Mapping: Credit entries can be directly assigned to client invoices, allowing for real-time tracking and automatic 'Paid' status updates.
- Searchable Ledger with Filters: Powerful search and filters make it easy to trace the 'why' behind any transaction.
- Direct Payouts (Single & Bulk): Admins can initiate payouts directly to individual or multiple team members in one go—streamlining monthly payments.
Impact
- ✅ Full visibility on financial activity
- ✅ No more manual tracking in spreadsheets
- ✅ Faster invoice reconciliation and payout processing
- ✅ Bulk payment handling made effortless
- ✅ Better financial control and audit readiness