Standard OFX module announcement
The module Standard OFX mainly used to import the bank statements from the OFX file. OFX format is widely used in banks for sending their client statement. Using the ofx file, Customer can import the bank statements and also customer can verify the bank statements with openbravo transactions statements.
Open Financial Exchange
Open Financial Exchange (OFX) is a data-stream format for exchanging financial information.Open Financial Exchange is a unified specification for the electronic exchange of financial data between financial institutions, businesses and consumers via the Internet.Open Financial Exchange is an Internet-oriented client-server system that features a direct connection between the client and a financial institution’s server, employing a request/response model using XML. Navigate to this link for more detail Open Financial Exchange
Import Bank Statements
A customer can create purchase or sales invoice. He would maintain his transaction in the application. Bank will send the bank statements to the customer based on his transaction. Customer can match the bank statements with the application transaction statements.Using the ofx file, Customer can import the bank statements.
The standard ofx module is available as a commercial module in the Openbravo Forge for users on Openbravo ERP 2.50 and up. In order to make the most of this module, some configuration must be done. Once the configuration is done, Customer can use the feature of standard ofx. Further information is available in the Configuration Manual.
We have developed the functionality of this module in the following way: first of all, customer need to provide the ofx file.The ofx file contains transactions. We get the necessary parameters from the ofx file to import the bank statement. Created bank statements are available in the Import Bank Statement and Bank Statement Lines tab. After importing the bank statements customer can match the bank statements with existing openbravo statements using the matching algorithm.
The standard ofx module is a commercial module. User need to get the access to use the standard ofx module.User can obtain the obtain a copy of the License at Openbravo License.