Every company or organization holds a bank account to maintain their cash and other investments of the company. Bank interface is an important part of any ERP system, specifically in OpenERP Bank interface module reduces the double entry. Bank interface module helps you in automatically preparing the payments for the purchases done by the organization. It also allows supports the sale management module for getting the payments from the customer.
Bank interface do the automatic reconciliation of entries and prepare payments for advances. This module is highly visible in related modules such as sales management, purchase management, CRM and so on… Bank Interface module of OpenERP automize the communications with the banks and can send payments and gain the bank statements mechanically.