Product Updates: Accounting integrations, payment notifications, improved search & more…

We are thrilled to announce that Fyorin has expanded integrations to include three popular accounting tools and ERPs – QuickBooks, Zoho and Microsoft Dynamics. This marks a significant milestone in our mission to empower global businesses with streamlined financial operations by eliminating manual work. Apart from accounting integrations, we have added additional features to further streamline and automate payments, improve reconciliation and reporting.

Fyorin's constant endeavour is to simplify and improve financial operations for global businesses. The integration with QuickBooks, Zoho and Microsoft Dynamics aims to further streamline the reconciliation of incoming and outgoing payments, significantly reduce manual work, and bring all financial operations under one roof, eliminating the need for logging in and out of multiple platforms.

Touchless Reconciliation: Our two-way sync ensures every bill automatically appears in Fyorin. With a simple approval or bulk approval, Fyorin takes care of payment execution and updates payment status in your ERP. With less manual work comes less mistakes and greater confidence in your numbers.

Efficient Payables Process: Accelerate your payables process in various currencies, streamline approvals with custom roles, and make payments with just one click in over 100+ currencies from one platform. By streamlining the process you can reduce manual entry and improve your relationships with suppliers by paying them without delays.

Automated Receivables: Get paid faster with Fyorin's automated receivables. Choose sub-accounts or IBAN to receive funds, and receive timely reminders for overdue payments. Fyorin automatically creates an invoice in your accounting tool or ERP as soon as the funds arrive and marks it off as paid.

What Syncs?

Bills: Fyorin retrieves all unpaid bills from your accounting or ERP, simplifying the approval and payment process.

Vendor Details: Fyorin pulls and syncs all vendor details from your accounting tool, eliminating manual entry for each payment.

Invoices: Incoming payments with designated IBANs trigger automatic invoice creation in the accounting tool or ERPs

As part of our commitment to continuous improvement we will be adding more integrations soon. Subscribe to our blog and follow us on LinkedIn, where we regularly post updates.

We have enhanced card management functionality so that you can tailor cards to your business needs even more easily. Settings are now visible in the sidebar, and users can request top-ups or unblocks from the card page to ensure continuity. If you're a super-user, you can see all your spending limits at the top of the page.

Furthermore, virtual card numbers can now be entered in shops thanks to setting a key for POS terminals.

With the integration of accounting tools, we have modified the payment workflow to allow for partial payments or schedule apayment for later at the approval stage. Our system will reconcile the bill for you automatically regardless of whether you pay in full or partially, and a new payment will be created for the remaining amount.

Furthermore, when sending payments directly from the platform, you can choose between the payment schemes - this means you can go for local or SWIFT transfer depending on your needs.

Finally, with payment notifications, you will never miss a failed payment again. Reduce delays by finding out why your payment was held back! We've also added email notifications to keep beneficiaries updated on payment status - they will receive an email when the payment is approved by compliance and on the way, and another one when it's completed. Both can be disabled from the payments configuration screen.

The search functionality has been improved and can reduce the amount of time you spend on reconciliation. Using multiple filters, you can search for transactions based on:

Dates or date range,

State or multiple states,

Contact,

Payment Scheme,

Batch_id for bulk payments.

Additionally, you can filter card payments based on names and references.

As soon as all payments and reconciliations are complete, it's time for reporting. You can now generate balance and transactional reports for your Fyorin accounts, as well as your existing accounts outside of Fyorin. You can also schedule reports to be emailed directly to you, saving you time on consolidating data across different institutions and systems.

If you're interested in integrating global payments with your ERP and want to streamline your financial operations, get in touch with us today.