Streamlined Payments and Automated Reconciliation with Coop Pank

We are pleased to announce the integration with Coop Pank, which helps automate invoice payments and track them in real-time. This integration combines Envoice’s expense and invoice management capabilities with Coop Pank’s banking services, offering smoother payment processing and automatic account statement synchronization.

Simple payments with automated accounting

The Coop Pank integration simplifies the company’s accounting – there is no need to initiate payments manually, it offers complete transparency and ensures that payment transactions are always accurately prepared.

Payments directly to the bank

Pay purchase invoices directly through the Coop Pank interface and track the status of each payment in real-time, making the process simple and transparent.

• Batch payments: Once invoices are approved in Envoice, sending payment instructions to Coop Pank is easy. With just one click, you can create a batch payment to send it directly to Coop Pank, where they are ready for approval. This eliminates manual payment file uploads and reduces errors associated with file compilation.
• Reducing errors: If there are errors when making a payment, you will receive a notification directly in Envoice along with the error why the payment failed. Manual creation and transmission of payments disappear, which reduces the risk of errors and ensures accurate and timely payments.

Automatic bank statement

Easily manage your approved invoices with the Coop Pank Gateway and Envoice connection. Track which invoices are ready for payment and keep your payments under control with real-time updates.

• Real-time payment status: Coop Pank bank account statement is synchronized automatically, providing a real-time overview of your invoice payment statuses.
• Easy payment tracking: Envoice identifies payments from the bank statement and links them to the corresponding invoices and expenses, simplifying the tracking of payments and receipts without going to accounting software.

Step-by-step guide

Using the Envoice and Coop Pank integration is easy. Follow these steps:

1. Process and approve: Extract and process invoices and expenses in Envoice, using automatic data recognition, posting and, if necessary, an approval workflow.
2. Select and initiate payment: Select invoices ready for payment and create a batch payment in Envoice. Then press the “Payment with Coop Pank” button.
3. Confirm at the bank: Log in to Coop Pank and confirm the payments initiated from Envoice.
4. (Optional) Automatic statement: If this is enabled, the bank statement is synchronized daily with Envoice, which automatically links receipts and payments with invoices.

Why choose Coop Pank with Envoice?

Open an account for your company at Coop Pank and connect it to Envoice via the Gateway interface for smooth invoice management and payment tracking. Automate financial transactions, get real-time updates on payments and enjoy full transparency over approved invoices. Coop Pank’s flexible services, together with the Envoice integration, give your company the necessary tools to keep finances under control.

Easy to get started!

Setting up the Coop Pank integration is quick and easy. Click here for more detailed set up instructions.

• Conclude a Coop Pank Gateway contract: Start by signing a contract with Coop Pank to give Envoice access to your chosen bank account via the Coop Pank Gateway. This allows Envoice to send payment instructions and receive account statements.

• Set up bank accounts in Envoice: Once you have concluded the Gateway contract, also set up your Coop Pank bank accounts under the Envoice company account.

• Select the accounts you want to connect. Choose the accounts you want to use through the interface.For each account, you can say whether you also allow account statements, payments or both.

• Ready to use! Once the previous steps have been completed, the interface is ready – you can start sending payments directly to Coop Pank and use the automatic account statement.

Discover the special offer from Envoice and Coop Pank.