← Back to glossary Category: Financiar Bank reconciliation Quick answer: Matching each bank-statement transaction to its invoice, order or payment — automated through open banking. Key takeawaysCustomers pay partially, in bulk (several invoices in one payment) or without a clear reference.Statement descriptions differ from bank to bank.High transaction volume makes manual matching slow and error-prone. What bank reconciliation is Bank reconciliation means matching every statement line (receipt or payment) to the document that justifies it: an issued invoice, a supplier invoice, an order or an advance. The result is an accurate picture of who paid, how much and for what. Why it's hard manually Customers pay partially, in bulk (several invoices in one payment) or without a clear reference. Statement descriptions differ from bank to bank. High transaction volume makes manual matching slow and error-prone. How it's automated A reconciliation engine pulls the statement automatically (open banking), then matches transactions by amount, invoice reference, payer IBAN, tax ID and tolerance rules. Whatever doesn't match automatically stays on an exceptions list for quick review. How Azuvio helps Azuvio automatically pulls statements from every Romanian bank, links receipts to open invoices (including partial and bulk payments), marks invoices as paid and leaves only genuine exceptions for human review. Frequently askedWhat happens with bulk payments?The reconciliation engine can split them across invoices by amount and reference, leaving differences as exceptions. Azuvio explicitly handles partial and bulk payments. Where Azuvio fitsReconciliere bancară automatăConformitate fiscală ANAFSoftware OMSConectori ERP Related termsOpen Banking — The standard letting authorized third-party apps securely connect, with the company's consent, to bank accounts to read statements and initiate payments — the basis of automated reconciliation.Automated bank statement — Pulling the bank statement into the system automatically via open banking, instead of downloading it manually from each bank portal.Automated lettering (receipt matching) — Automatically matching each receipt to the invoice it settles, including partial and bulk payments, based on amount, reference and tolerance rules.PSD2 (Payment Services Directive 2) — The EU directive requiring banks to open secure API access to accounts for authorized providers — the legal foundation of open banking. Last updated: 2026-07-06