More efficient business processes through IBAN-Name Check integration with AFAS Profit

As a digital business partner ilionx advises on appropriate IT solutions. Within this organisation a lot of time was lost in manual processes such as validating and checking customer data. Therefore, Finance Director Nick Denee and the Chief Financial Officer of ilionx went looking for an organisation that can check and validate IBANs, in combination with AFAS Profit. This is how ilionx came to improvit, which offers links that allow clients to purchase SurePay’s IBAN-Name Check.

Fred Moerkerken, project manager at ilionx was involved in the process and tells below about the implementation and what it achieved.

Integration of API
for organisations
Onboarding process exponentially accelerating
Always the right customer data
Less time spent on manual system adjustments

Adjust new data directly in the administration

In case of a ‘no match’, ilionx contacts the supplier concerned to find out the reason for the notification. If, for example, the ascription of the bank account number is different, AFAS Profit registers this correctly. It is then automatically included in the IBAN-Name Check so that the new, correct data is immediately processed in the administration.

SurePay indicates that the message ‘close match’ is also useful for ilionx, in case of a typo it shows the name that is known to the bank. After checking whether the suggested name is indeed the person or company you mean, you can adopt it.

Previously, this was a manual process and the reason for the change was not recorded.

NOTE: The system of AFAS Profit assumes that the name of the supplier is the same as the name of the account number. This often results in a ‘no match’. The IBAN-Name Check can deviate, check and record this. The result is a match.

Less time spent checking client data

The implementation and cooperation went smoothly, within 2-3 weeks everything was set up and last-minute adjustments were made within a day. For ilionx, this was immediately a great improvement on their manual processes. They also spend much less time checking customer data and each financial controller can quickly look at the data. This is because these are implemented within milliseconds in each workflow.

AFAS Profit uses file items and workflows, therefore the flexibility is optimal for ilionx. The complete process is followed in AFAS InSite.

ilionx now checks invoices by name and account number. In the future, as many checkpoints as possible and the checking of foreign accounts would be interesting. Think of the Companies Check: the KVK-number is confirmed while an IBAN-Name Check is performed. This helps organisations with their AML and KYC/KYS requirements.

"The IBAN-Name Check contributes to our security and audit requirements; customer data is checked and valid."

Fred Moerkerken, Projectmanager ilionx

More interesting client case studies

IBAN-Name Check for
Companies help Grolsch at
prevention of fraud

After attempts at fraud at a
international fellow brewery, is
Grolsch are going to use the
IBAN-Name Check for Businesses

Read client case study  → 

Decrease in fraud and fake orders at STRATO

Since the introduction of the IBAN-Name
Check we see over 80% less
fraudulent orders relative to
from a year earlier.

Read client case study → 

unnamed (9)
Mitros improves processes
by using IBAN-Name
Check for Business

Thanks to this solution, we know for sure
That we can get to the right person or
organisation pay.

Read client case study  → 

Ready to get started?

Sign up immediately and receive 50 checks free!
Discover the benefits of integrating of our API
This site is registered on wpml.org as a development site.