Fazeshift reads BAI2 files from your banks, prior-day and intraday, and matches each deposit and lockbox item to the invoice it pays.
Category
BankingWork from the bank files you already receive.
Most commercial banks can send BAI2 files with prior-day and intraday activity, by SFTP or from their portal. Fazeshift reads each file, including the detail records behind lockbox and ACH deposits, and matches every payment to open invoices.
Because BAI2 is a standard format, the same setup works across every bank you use, and new accounts can be added without a new integration.
Any bank that sends BAI2
One format covers every bank that sends BAI2, without a separate integration for each.
Detail records read
Lockbox and ACH detail is read line by line, not just the deposit total.
Delivered by SFTP
Files can arrive by SFTP on the bank’s schedule, so no one downloads them by hand.
See it run in your system
Bring a batch of your real AR — invoices, payments, whatever’s messiest — and we’ll show you exactly how the agents would read, match, and post it back against your own records.