Bank Feed Feature

Optional Modern Add-on> Requisition |Purchase order Module

Recorded demo: Microix -Bank Feed

Quick Feature Summary

Microix’s Bank Feed feature streamlines credit card management and reconciliation by connecting directly to your bank or credit card provider. Each cardholder sees their own daily credit card activity automatically imported into the system, with the ability to upload receipts for each charge—either from their desktop or directly from their mobile device.

The module supports full purchase order matching: the system attempts to auto‑match charges to approved POs based on vendor and amount, and users can manually match items using a simple drag‑and‑drop interface. Users can also enter coding, attach receipts, and submit their charges through the workflow for approval.

Over time, Microix learns common coding patterns and begins auto‑suggesting GL codes for recurring vendors, reducing manual entry. Once ready, users select the appropriate workflow and distribution code, and the system packages all selected charges into a single request that routes through approvals and on to accounting.

The result is faster reconciliation, cleaner documentation, and a more controlled credit card management process.

Trial Period Details (Limitations)

(If you do not decide to purchase in advance)

Duration: 60 days (Upon request, the trial can be extended for a minimum of 30 days.)
Start: The trial automatically begins once the client has access to the Modern software.

Assistance During the Trial:

· No test data is provided

· Preview‑only access

· Clients may purchase 1 hour of support for connectivity testing

PLAID Integration Notice

· Compatibility is determined via API (12,000+ institutions supported)

· Clients may confirm compatibility directly with their bank or purchase 1 hour of support for connectivity testing

· If the institution is incompatible, no purchase is required; CSV import remains available

Deactivation

If the feature is not purchased, trial access will automatically be disabled after 60 days. All documents created during the trial will remain intact and accessible.

Pricing information

Cost: Contact Your MIP and Microix Consultant

Estimated setup and training: 4 hours|Each

Scope of Services – Bank Feed Setup & Use (Plaid) 4 Hours|Each)

Overview

This session provides a guided walkthrough of the Microix Bank Feed module, including how Plaid connections support daily visibility, transaction processing, and reconciliation workflows.

Topics Covered

· Purpose of Bank Feeds
How Bank Feeds improve visibility into daily activity and support reconciliation.

· Plaid Connection Overview
Requirements for establishing the connection and clarification of credential ownership.

· How Transactions Appear
Understanding how imported bank and credit card transactions populate in Microix.

· Categorization & Coding Workflow (High-Level)
Overview of how transactions are categorized, coded, matched, and prepared for approval.

· Controls & Best Practices
What to approve, what to flag, and recommended internal controls for accuracy and audit readiness.

Outcome

The team will understand the full operational flow of Bank Feeds, including how transactions are imported, reviewed, coded, and approved, as well as the key control points required for effective reconciliation.

Support Knowledge-Based Article (s) subject to change: 

• Bank Feed Setup Updated