Thanks to Bank Service Billing (BSB) service, banks can now send you monthly fees invoices in an XML camt.086 electronic file.
By reading this file, NEOFI Bank Fees automatically collects all the data contained in the invoice to analyze them.
On each invoice, price per unit and volumes must be checked.
In order to do this, NEOFI Bank Fees models the contractual conditions of each of your banks and verifies that the invoice relies on the same basis.
After having previously collected your bank statements and payments history for the previous month, NEOFI Bank Fees calculates the volume and compares it with the provided bank invoice.
In case of discrepancies, an alert is immediately displayed (and possibly coupled with an e-mail to the team involved).
The Business Intelligence module integrated in NEOFI Bank Fees allows you to easily build and modify reports displaying invoices data according to your needs: by service, by account, by country, by currency, etc. and dissociating amount from volume.
Discrepancies are clearly displayed on screen.
By extracting volumes from an invoice and applying the modeled conditions of your other banks, NEOFI Bank Fees allows you to easily simulate potential invoices and compare results.
You will thus be well equipped for your tarif renegotiations!