Privat24

What is a bank statement?

The "Bank Statements by Accounts" mode in Torgsoft is designed to automate the receipt of data on receipts and expenses for bank accounts in PrivatBank.

Advantages of integrating "Privat24 for Business" with Torgsoft

Security:

• You do not need to provide employees with access to the Privat24 for business account.

• Only you, the account owner, control the movement of funds in the account.

• Managers and sellers see only payments in Torgsoft that you allow them to, without access to expenses.

• You do not need to share passwords from the Privat24 client bank with employees. The Privat24 management module remains in the hands of the account owner.

Integration of Privat24 + Torgsoft:

• No need to switch between two programs. All trade and payment control takes place only in Torgsoft.

• This simplifies the financial management process and reduces the risk of errors related to the entry of payments for goods and customer orders.

Time savings for the entrepreneur and employees:

• Employees no longer need to contact the account owner to find out if the payment has been received.

• Managers can independently see payments for goods in Torgsoft, without distracting the entrepreneur.

• This solution is especially convenient for online stores, where the speed and accuracy of order processing are critically important.

Flexible setting of access to Privat24 accounts:

• Managers can be granted access only to incoming payments on business accounts.

• The accountant can be granted access to business account expenses for full financial accounting.

• This provides convenient and secure management of access to financial information for different categories of employees.

How to set up payment import in Torgsoft

1. Activation of the function. Activate the additional "Bank Statements" option in the Torgsoft settings. You can activate the option for free for 30 days.

2. Setting up statements. Go to the Settings menu and select "Bank Account Statement Settings".

3. Adding accounts.

Click "New" to open the user and Merchant settings window.
For legal entities, set up AutoClient in Privat24 for business. This includes authorization in Privat24, adding AutoClient, obtaining ID and token.
In Torgsoft, fill in the "Card Number (Account)", "Client Identifier", "Account Name" and "AutoClient Token" fields.

4. Receiving statements.

You can download statements in the Payment menu - Bank Account Statements or Trade with Account Statement on the Payments tab.
Specify the period and click the "Get Statements" button.

• Detailed instructions for integrating Torgsoft with Privat24

Let us remind you that from mid-2024, according to the NBU resolution dated 03.05.2023 No. 58, enhanced authentication is provided when entering and conducting transactions in Internet banking or the Privat24 for business mobile application. If previously it was possible to authorize with only one verification factor, such as a password or an electronic signature file, now an additional factor will be required, for example, a push notification, IVR call, or SMS to the financial phone number.