Yavrio Open Banking: Business Central Bank Integration

Yavrio integration with Dynamics 365 Business Central connects business bank accounts with the ERP using Open Banking technology. It enables finance teams to bring live bank feeds into Business Central, manage banking transactions, initiate payments, and streamline bank reconciliation without relying on manual bank statement uploads.

For businesses using Business Central, Yavrio can act as a direct connection between the bank and the ERP, helping finance teams access updated transaction information and manage banking activities from within their Business Central environment.

In this guide, we will explain what Yavrio Open Banking is, how it works with Business Central, its key benefits, the integration process, and the situations where businesses can benefit from Yavrio.

What is Yavrio Open Banking?

Yavrio Open Banking is a banking and payments solution for Microsoft Dynamics 365 Business Central. It uses Open Banking technology to connect supported business bank accounts with Business Central, allowing finance teams to access banking information directly within the ERP.

Yavrio provides live bank feeds, bank connectivity and payment functionality for Business Central. Microsoft AppSource states that the solution can bring live bank feeds into Business Central without requiring manual files and can push payments from Payment Journals to the bank.

This means finance teams can reduce their dependence on downloading bank statements, preparing files, and manually moving banking information between systems.

Yavrio is also designed to support bank connectivity across multiple countries and bank accounts. Its current solution offering includes live bank feeds, embedded payments and automated reconciliation for Dynamics 365 environments.

What does Yavrio do in Business Central?

Yavrio connects banking activities with Microsoft Dynamics 365 Business Central so finance teams can work with bank information inside their ERP environment.

The main capabilities of Yavrio integration with Business Central include:

• Live bank feeds: Bank transactions can be brought directly into Business Central through the connected banking service.

• Bank connectivity: Yavrio connects supported bank accounts with Business Central using Open Banking technology.

• Payment processing: Businesses can initiate payments from Business Central Payment Journals and send them to the bank.

• Bank reconciliation: Connected banking data can support faster and more streamlined reconciliation processes.

• Multiple bank accounts: Businesses managing multiple accounts can centralise banking information within their Business Central environment.

Microsoft AppSource currently describes Yavrio Open Banking as providing live bank feeds, connectivity and payments functionality for Microsoft Dynamics 365 Business Central.

Why integrate Yavrio with Business Central?

Finance teams often have to work with information coming from different bank accounts while maintaining accurate records inside their ERP. When bank statements are downloaded and imported manually, the process can add unnecessary administrative work and create opportunities for data-entry or reconciliation errors.

Yavrio provides a direct banking connection that helps businesses bring updated transaction information into Business Central. Instead of treating banking data as a separate process, finance teams can make it part of their existing ERP workflow.

Yavrio integration can be particularly useful when a business:

• manages multiple business bank accounts;

• processes a high volume of banking transactions;

• regularly downloads and imports bank statements;

• wants live or frequently updated bank transaction data;

• wants to initiate payments from Business Central;

• wants to streamline bank reconciliation; or

• needs a more connected banking process as the organisation grows.

Yavrio vs manual bank statement imports

Businesses can manage bank information in Business Central using manual statement imports, but this approach can become time-consuming as transaction volumes and the number of bank accounts increase.

With a manual process, the finance team may need to log in to the bank portal, download a statement, prepare or check the file, import it into Business Central, and then reconcile the transactions.

With Yavrio, supported bank accounts can be connected to Business Central through Open Banking, allowing banking information to flow into the ERP without relying on the same manual file-based process.

Benefits of Yavrio integration with Business Central

Connecting Yavrio with Business Central can help finance teams reduce manual banking work and improve visibility over financial transactions.

1. Live bank feeds

Yavrio enables supported bank accounts to send transaction information directly into Business Central. This gives finance teams access to more current banking information without repeatedly downloading statements.

2. Reduced manual data handling

By connecting banks directly with Business Central, Yavrio can reduce the need for repetitive statement downloads, file preparation and manual uploads.

3. Streamlined bank reconciliation

Updated bank transaction information can support the reconciliation process in Business Central. This can help finance teams spend less time collecting information before matching bank and ledger transactions.

For a deeper explanation of Yavrio, live bank feeds and bank reconciliation in Business Central, see our guide on Yavrio live bank feeds and bank reconciliation in Business Central.

4. Payment processing from Business Central

Yavrio supports payment functionality that allows businesses to push payments from Business Central Payment Journals to connected banks. This can help finance teams keep more of the payment workflow within their ERP.

5. Improved financial visibility

When bank transactions are available within Business Central, finance teams can work with banking information alongside accounting records, helping them maintain better visibility of cash movements and outstanding transactions.

6. Support for multiple bank accounts

Businesses with several bank accounts can benefit from a connected banking environment instead of managing each account through separate manual processes.

7. More scalable banking operations

As transaction volumes and banking requirements increase, an automated connection can help finance teams avoid adding the same level of manual administrative work to their daily processes.

How does Yavrio work with Business Central?

The Yavrio and Business Central workflow can be understood as a connection between the business bank account and the ERP.

1. Connect the bank account: The relevant bank account is connected through Yavrio's Open Banking service.

2. Authenticate the connection: The required banking permissions and authentication are completed according to the bank and Yavrio setup.

3. Receive banking data: Supported transaction and account information is brought into Business Central through the connected bank feed.

4. Review transactions: Finance users can review the imported banking activity within Business Central.

5. Reconcile transactions: Bank transactions can be matched and reconciled against relevant Business Central records.

6. Process payments: Where payment functionality is configured, users can initiate payments from Business Central Payment Journals.

The exact configuration can vary depending on the Business Central environment, bank connection, Yavrio setup and the functionality required by the business.

How to integrate Yavrio Open Banking with Business Central?

Yavrio integration with Business Central involves installing the relevant extension, configuring the connection and linking the required bank accounts. The exact screens and setup requirements may vary with the current Yavrio release, Business Central version and banking configuration.

Below is a practical high-level process:

Step 1: Find Yavrio Open Banking on Microsoft AppSource

Go to Microsoft AppSource and search for Yavrio Open Banking. Review the app details and supported Business Central editions before installation.

View Yavrio Open Banking on Microsoft AppSource

Step 2: Install and configure the extension

Install the Yavrio Open Banking extension in the relevant Business Central environment and open the Yavrio setup area to configure the required details.

Step 3: Connect the relevant bank accounts

Connect the business bank accounts that need to exchange information with Business Central. The authentication and consent process depends on the bank and connection method.

Step 4: Configure bank feeds

Once the bank connection has been authorised, configure the relevant Business Central bank accounts and feed settings so transactions can be received in the ERP.

Step 5: Test the connection

Review the connected account and confirm that transactions are being received correctly in Business Central.

Step 6: Configure payments if required

If the business wants to use Yavrio for payment processing, configure the required payment workflow and permissions so payments can be initiated from Business Central.

Step 7: Validate reconciliation

Review the incoming bank transactions and confirm that the finance team can complete the required matching and reconciliation processes within Business Central.

Who should use Yavrio with Business Central?

Yavrio can be useful for organisations that want to reduce manual banking processes and connect their financial operations more closely with Business Central.

It may be particularly relevant for:

• Growing businesses: Organisations whose banking activity is increasing as they scale.

• Finance teams: Teams that spend considerable time downloading and importing bank statements.

• Multi-bank businesses: Organisations managing accounts across multiple banking institutions.

• Businesses with high transaction volumes: Companies that need more efficient ways to manage large numbers of transactions.

• Businesses seeking payment automation: Organisations that want to initiate payments through Business Central.

• Businesses improving reconciliation: Finance teams looking to reduce manual work around bank reconciliation.

Dynamics Square and Yavrio partnership

Dynamics Square has partnered with Yavrio to help Microsoft Dynamics 365 Business Central customers adopt Open Banking and connected financial processes.

The partnership focuses on helping businesses improve bank connectivity, financial data access, reconciliation and payment processing within Business Central.

Dynamics Square has also worked with businesses using Yavrio's Open Banking capabilities to reduce manual banking processes and improve financial workflows.

Learn more about the Dynamics Square and Yavrio partnership.

How can Dynamics Square help with Yavrio and Business Central?

Yavrio can simplify banking connectivity, but the implementation still needs to fit the way your finance team manages bank accounts, payments, reconciliation and Business Central data.

Dynamics Square can help businesses assess their requirements, configure Microsoft Dynamics 365 Business Central, integrate relevant solutions and provide ongoing Business Central support.

Our team can also help identify the right banking workflow, configure the required Business Central environment and troubleshoot integration issues when they occur.

If you are planning to connect Yavrio with Business Central or want to improve your existing banking workflow, contact Dynamics Square UK to discuss your requirements with a Business Central specialist.

You can also explore our Business Central support services for ongoing assistance with your ERP environment.