Bank statement messaging

ERPs are required to support bank statement messages in formats that are provided by banks. The message data is imported by bank customers to their cash management or general ledger systems and reconciled with the underlying ERP cash transactions.

Australia specifics

This list shows the standard formats that are used by the major banks:

  • Australia

    NAI format

  • Australia and New Zealand Banking

    MT940, CAMT.053, and CAMT.054

  • Westpac Banking Corporation

    MT940 and CAMT.053

How Infor meets this requirement

The Australia NAI proprietary format is only available if you use BODs.

The NAI BankStatement file is sent to LSP GEMS. GEMS converts the file message in a LoadBankStatement_Inbound BOD and it is sent to FSM using ION. The BOD is processed in FSM and the respective bank account statement records are created. These records are also used for reconciliation.

The LoadBankStatement_In GEMS must be imported into ION and an SFTP connection must be established in the document flow. This process is used by FSM to process the BODs and to create the bank account statement records. See Infor Localization Services GEMS User Guide.

The MT940, CAMT.053, and CAMT.054 formats are only available in FSM. See Financials Setup and Administration Guide.