Your payment transactions and their accounting processing are very time consuming. As a company, you want to optimize your payment process. More and more customers are consequently switching from manual processing to an automated way of working, where the full potential of your accounting software package or ERP system can be used to work faster and more efficiently.
UZ Leuven on their integration with Isabel 6
UZ Leuven manages 50,000 incoming payments each day.Thanks to Isabel Connect, the daily payment reminders are now sent out based on up-to-date information.
Leo Denissen, Head of logistics software development
Upload payment files
By using payment files, you no longer have to enter your payments manually. This functionality is included by default in your subscription and is supported by nearly all accounting packages and ERP softwares in Belgium.
Export Account Information
Automatically receive all statement files (CODA, MT940, CAMT) from all your banks and bank accountsin in one central location.
Why automate payment process?
Where to start?
Contact the supplier of your accounting package/ERP and ask them about linking Isabel 6 with your accounting package/ERP in the most efficient way.
New! Isabel Connect: a multibanking engine in your business software
Isabel Connect enhances your ERP, accounting or business application with multibanking features. From loading payments to consulting your balance and detailed information about your banking transactions, you no longer have to leave your current application to get an up-to-date overview of all your banks and to execute payments.
Isabel Connect is the solution of the future: an API with multibanking features. You can opt for an online accounting/ERP package that Isabel Connect has already fully integrated or you can see to the implementation yourself with your IT department or your integration partner.
Isabel Go: a built-in Isabel button in your accounting package
This semi-automatic solution has been around for some time and has proven itself. Some 25 on premise accounting packages feature a built-in Isabel button.
Almost all (Belgian) accounting packages and ERP-systems use the standards for payment and reporting files set by Febelfin. The same standards are supported by Isabel 6, meaning we are compatible with over 99% of all accounting software used in Belgium. In case of doubt, contact your software supplier.
Uploading payment files is a standard feature of Isabel 6, without additional costs. In case you also want to download account info files (CODA, MT940, CAMT), you need to activate the module "Export Account Information". See our rate card for the current prices.
Exporting payment files and importing CODA files is a function that must be supported by your accounting software. For some software vendors this is a paying add-on, please consult your software supplier for more information.
Some banks may also charge you directly for the creation and delivery of account info files, please check with your bank(s) to get the details.
You find more information about Isabel Go and Isabel Connect in our rate card (section 2d).
A payment file is nothing else than an electronic list of a series of payments to be made. You can create such a file using your accounting package or ERP system.
This file is uploaded in its entirety on Isabel 6, so that you no longer have to enter these payments manually one by one. No assembly line work anymore!
Payment files are created according to a standard defined by Febelfin, which is supported by all Belgian banks. You can use them for national and international payments and also for collections of direct debts.
A detailed list with all file types supported
Account info files are electronic account statements you can process in your accounting package in one go. This saves you a great deal of time and reduces the risk of error. Known formats are CODA, MT940 and CAMT.
Yes. Isabel Connect is a solution that allows a fully automated process.