Banks are built for capital. Finofo is built for finance operations

Banks are essential for holding funds, lending, and capital markets. But for scaling AP, global receivables, and multi-entity treasury — you need more than a bank account and a traditional online interface.

Finofo picks up where your bank stops — with automation, control, and speed.

Why this comparison matters

Banks are not finance platforms.
They don’t capture documents, match POs, route approvals, or sync with your ERP.
Finofo gives you:

Real-time ingestion from email, chat, or drag-and-drop
AI-powered 3-way line matching
Google Docs-style approvals and collaboration
automatic posting to ERP
Payments to 190+ countries from named, multi-currency accounts
Instant reconciliation with full FX visibility

Why this comparison matters

Banks are not finance platforms.
They don’t capture documents, match POs, route approvals, or sync with your ERP.
Finofo gives you:

Real-time ingestion from email, chat, or drag-and-drop
AI-powered 3-way line matching
Google Docs-style approvals and collaboration
automatic posting to ERP
Payments to 190+ countries from named, multi-currency accounts
Instant reconciliation with full FX visibility
Delayed wire approvals and vendor follow-ups common in workflows from traditional banks like RBC, CIBC, BMO, TD, Scotia, and Wells Fargo.

What your bank is great at and where Finofo takes over

Features
Finofo
Your Bank
Document capture & matching
Yes — AI captures any doc, matches line-by-line with PO/GRN
Not supported.                     
Approvals & collaboration
Real-time tagging, commenting, audit trail
Not supported                      
ERP sync
Automatically post with GL/cost center coding
Not supported                      
Global payments
190+ countries via local rails or SWIFT
Typically limited to wires or SWIFT with high fees
Multi-currency accounts
Named, dedicated accounts across 15+ currencies
Often pooled or generic currency accounts
Reconciliation
Automatic, linked to payment flow
Requires manual work in your ERP or spreadsheets
Control & visibility
Entity-level, transaction-level tracking
Fragmented, no AP view, no real-time approvals

What your bank is great at and where Finofo takes over

Features
Finofo
Your Bank
Document capture & matching
Yes — AI captures any doc, matches line-by-line with PO/GRN
Not supported
Approvals & collaboration
Real-time tagging, commenting, audit trail
Not supported
ERP sync
Automatic  post with GL/cost center coding
Not supported
Global payments
190+ countries via local rails or SWIFT
Typically limited to wires or SWIFT with high fees
Multi-currency accounts
Named, dedicated accounts across 15+ currencies
Often pooled or generic currency accounts
Reconciliation
Automatic, linked to payment flo
Requires manual work in your ERP or spreadsheets
Control & visibility
Entity-level, transaction-level tracking
Fragmented, no AP view, no real-time approvals

When You Should Choose Finofo

.  You need your AP system to move at the speed of business, not banking.

.  You want one-click approvals, global payments, ERP sync — in one platform.

.  You’re tired of stitching together banks, spreadsheets, and manual ops.

.  You want more visibility, less back-and-forth, and full control.

When Banks Might Still Fit

.  You’re doing very low invoice volume or 1:1 supplier transfers.

.  You’re already locked into a bank portal and don’t need real automation.

.  You’re cost-sensitive and fine with manual workarounds.

.  You treat finance as a back office, not an engine for scale.

See how Finofo complements your bank

Ditch the inbox and spreadsheet. Automate AP from bill to bank.

Upload invoices in any format. Route approvals automatically. Pay vendors in one click.All from a single dashboard that scales with your team.

Get paid like a local — in 25+ currencies.

Open currency accounts around the world. No incoming fees. No surprise conversions.Your receivables, your control.

One login. Full control. Every entity

Manage payables, receivables, and treasury across all your entities from one dashboard.No more portal-jumping

Connect your ERP once. Automate everything.

Syncs with NetSuite, QuickBooks, Xero and more. Pull bills in. Push transactions out. No more manual uploads or data entry.