{"id":69050,"date":"2021-05-20T11:57:16","date_gmt":"2021-05-20T09:57:16","guid":{"rendered":"https:\/\/www.sage.com\/en-za\/blog\/?p=69050"},"modified":"2026-01-29T17:58:09","modified_gmt":"2026-01-29T15:58:09","slug":"reclaim-lost-time-with-direct-bank-feeds-between-sage-and-fnb","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-za\/blog\/reclaim-lost-time-with-direct-bank-feeds-between-sage-and-fnb\/","title":{"rendered":"Reclaim lost time with direct bank feeds between Sage and FNB"},"content":{"rendered":"
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\n\t\t\t\t\t\t\tTechnology & Innovation<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t
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\n\t\t\t\t\t\tReclaim lost time with direct bank feeds between Sage and FNB\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t

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\n\t\t\t\n\t\t\t\t\"\"\t\t\t\tGrant Schneider<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n
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In the \u201cold\u201d days, accountants and business owners would spend hours poring over printouts and spreadsheets to manually capture information from bank statements into their hard copy ledgers.<\/p>\n

Not only was this time-consuming, but it was also prone to errors. Mistakes would only be detected if the books didn\u2019t balance, and they\u2019d have to start all over again. That\u2019s a lot of time and energy balancing books.<\/p>\n

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Technology shifted things, allowing accountants and business owners to upload bank statements into their accounting solution.<\/p>\n<\/blockquote>\n

Although more convenient than the pen-and-paper approach, there\u2019s still some manual work involved. You need to ensure that you\u2019ve assigned certain transactions to certain accounts, for example. There\u2019s also the risk of duplication, missed transactions, and incorrectly captured data. Sage has listened, and improved bank feeds so that you and your customer can reclaim lost time and function with better efficiencies.<\/p>\n

Introducing bank feed integration with FNB<\/h2>\n

Bank feed integrations aren\u2019t new. Banks worldwide have been using them for more seamless, secure and convenient book-balancing processes.<\/p>\n

Now, FNB has joined the movement with Sage to help small and medium business owners automatically import transaction history details directly from their FNB Business Banking accounts, eliminating the need for third parties or manual transaction downloads and entry.<\/p>\n

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Aside from the accuracy, time-saving capabilities, and immediate value that this solution provides, direct bank feeds are also secure, convenient, and efficient.<\/p>\n<\/blockquote>\n

The best part? There\u2019s no need to share your banking details with the third parties involved, no late-night SMS login notifications, and more control of your banking<\/strong>.<\/p>\n

How do FNB bank feeds work?<\/h2>\n

Bank feeds are designed to simplify the process of transferring financial transaction history from FNB into Sage Accounting solutions via a secure application programming interface (API) \u2013 at no cost to you or your customers. The process is effortless and automatic, and your online banking credential details are always protected.<\/p>\n

Another thing that makes this so efficient is that there\u2019s minimal setup time. The connection is made within your Sage solution in just a few simple steps, and it\u2019s an automatic process that can be repeated with a few clicks.<\/p>\n

Here\u2019s how to set up your bank <\/strong>:<\/strong><\/p>\n