Smarter Finance for SAP: FastBank and Avanue Join Forces
At Avanue, We are always looking for ways to make business operations more seamless for our customers. We are excited to announce our partnership with FastBank, a leading financial automation platform, to bring smarter, faster finance automation to SAP Business One users.
Together, Avanue and FastBank are simplifying financial workflows through automation that saves time, reduces manual effort, and enhances accuracy.
With this collaboration, businesses can:
- Automate reconciliation processes up to 80% of manual bank and credit card reconciliation tasks.
- Streamline payment file approvals and postings directly within SAP Business One.
- Gain real-time financial visibility to make faster, data-driven decisions.
- Enhance efficiency with Avaniko's integration expertise combined with FastBank's automation capabilities.
This partnership also extends to Avanue, our all-in-one platform for Managed Print Services and Office Technology Dealers. Avanue users can now integrate FastBank's automation within their customer portals enabling smoother payments, faster reconciliations, and an even more connected business experience.
"This partnership aligns with our vision to help businesses get more value from SAP Business One through automation and smart integrations."
- Gary Shergill, CEO of Avanue
Where this fits in a dealer's finance workflow
Bank and credit card reconciliation is one of the more repetitive tasks on a finance team's plate - matching transactions line by line against SAP Business One records, then manually posting and approving payment files. The FastBank integration targets exactly that gap, automating up to 80% of that manual reconciliation work rather than replacing SAP Business One's finance functions outright. For dealers running the Avanue customer portal, the same automation extends to customer-facing payments too, so a payment made through the portal can move through reconciliation the same way as one processed internally.
FAQ
Does this replace SAP Business One's finance module?
No. FastBank automates reconciliation and payment posting on top of SAP Business One - it doesn't replace the finance module, it reduces the manual matching and approval work inside it.
How much of the reconciliation process is automated?
Up to 80% of manual bank and credit card reconciliation tasks, according to Avanue and FastBank's stated collaboration goals.
Does this integrate with the Avanue customer portal?
Yes. Avanue customers can use FastBank's automation within their customer portals, extending the same reconciliation and payment benefits to customer-facing payments.
Is this available to all SAP Business One users, or only Avanue customers?
[TODO: confirm whether FastBank automation is available to any SAP Business One user or specifically bundled for Avanue/Avaniko customers, to publish here.]