Electronic reporting aims to provide you with the information you need about all transactions in your current accounts, both incoming and outgoing. There are several different formats for this, and KBC can offer them all.
Electronic reporting provides details of transactions to enable you to monitor you outgoing payments and reconcile incoming payments with your outstanding receivables in your ERP, accounting or treasury software. Process invoices with one click.
You can do all this quickly, on a day-to-day basis and with plenty of detail. Electronic reporting is:
- Customised to suit your needs
Set up the code now that works best with your business software.
If you want highly detailed information about the transactions in your accounts, CODA electronic statements are the answer. Digital CODA files are still the Belgian standard for electronic reporting.
- Highly detailed account information
XML-reporting is the international standard for electronic account information, based on the international standard ISO20022. This file format is completely compatible with SEPA transactions, and offers you the convenience of a single format; it can also be used cross-border.
- International standard
- Reporting form of the future
- Universal data format
- Choice of end-of-day reporting and details of digitalised entries
Important: Be sure to update your accounting software so that you can process XML reports.
Swift is the international organisation which provides message traffic between financial institutions and large corporations. Swift developed MT (Message Type) messages for this purpose. In addition to information about your international accounts, you can also receive Swift reports on your Belgian account. This gives you an international format for both your Belgian and international accounts. However, be aware that the Swift reporting format is less rich than CODA and XML.
- Choice of end-of-day reporting, intraday reporting of balances or transactions