AMC Banking
How does is work?
What is XTendLink and how does it work within the AMC environment?
What is xTendLink?
XTendLink integrates your ERP system with your bank
XTendLink, the AMC Bank Data Conversion service, is a cloud-based communication channel connecting almost any ERP system with over 600 banks worldwide. XTendLink provides businesses and organizations with access to over 600 different bank file formats, allowing your ERP and your bank to “speak the same language”. XTendLink is available as a fully integrated banking module for some ERP including Microsoft Dynamics 365 Finance and Operations or Business Central, or as webservice compatible with any ERP or for cross-ERP capabilities.
How does it work?
File-based or direct communication
AMC Banking has a cash management solution for any size and type of organization, from the SMB segment to multinational corporations, government institutions and non-profits.
File-based communication
- Allows users to manually handle payment files and import bank statement files
- Allows users to create payment files within their ERP, export the files to XtendLink for conversion and upload converted files to their web bank portal for execution
- Possibility to download bank statement files, import them through XTendLink and automatically reconcile against open invoices or transactions, and to reconcile bank accounts
- Recommended for small to medium scale operations with fundamental to intermediate banking requirements
Direct bank communication
- Using SFTP/FTPS through your own XtendLink server allows for completely encrypted communication with your bank (or banks)
- Lets users enter and approve payments directly within your ERP without logging into your web bank portal, improving the speed and efficiency of outgoing payments
- Reduces errors through intelligent validation and customizable approver rules
- Automates incoming payment and account reconciliation processes using electronic bank statements
- Recommended for medium to large scale enterprises or organizations with substantial transaction volumes
What can AMC Banking do for you?
Automation, Centralization and Intelligence to Cash Management
AMC Banking streamlines three cash management functions: Outgoing Payments, Incoming Payments, and Bank Account Reconciliation.
Users have access to an array of payment types including ACH, SWIFT and Wire Payments, EFTs, Checks, Positive Pay, SEPA, and BACS payments. Centralize your global payment process with enhanced cross-company payment functionality to create a “payment factory”.
Region specific localization packages provide advanced reconciliation features including Lockbox Payments, Positive Pay functionalities, and FIK Payments. Reduce redundancies and human errors while increasing security with automatic payment validation and a customizable approver process.
Approve and decline payment journals on the go
AMC Banking mobile app
With our AMC Banking mobile app, you now have the possibility to access XTendLink from mobile devices.
You can download the app now on iOS and Android, via App Store and the Google Play Store.
Service plans
A service plan is the service subscription automatically linked with a specific AMC Banking product. Our products have different functional capabilities as well as service commitments from our side, and therefore we have formalized the specific services necessary for AMC to commit to for our customers to enjoy the benefits of our products’ capabilities.