Accounting systems or ERPs are the backbone of any company. An ERP connects business functions such as Finance, Inventory, HR, Sales, CRM, etc., into a single system, eliminating data silos, saving time, reducing errors, and optimizing business operations.
Nowadays, large companies use ERPs like Oracle NetSuite and SAP to coordinate their operations. This presents an opportunity for B2B companies to use ERP data to offer critical business services like marketing automation, order fulfillment management, tax filing, invoicing, reporting, and more.
To extend these services to companies, B2B companies need to build integrations with each ERP, a challenge that with just one ERP like NetSuite can have an initial cost between $25,000 and $70,000 not including maintenance and support costs. This is where Konvex solves this problem:
What is Konvex?
Konvex is a Unified API that leverages AI to simplify first-class ERP integration so that your company, whether it’s a B2B Fintech, SaaS, Marketplace, or Financial Institution, can sync or query accounting information from your clients through a single universal API.
Access to Third-Party APIs
If you decide to build ERP integrations internally, you will be limited by having to follow each provider’s requirements and external documentation to launch an integration. This back and forth can add 4 to 6 weeks to your development time, even months. After obtaining access, you might end up in additional conversations with the third party’s engineering team, going over subtle details of the integration not included in the documentation.
With Konvex, you get instant access to over 10 ready-to-use integrations and regain those 4-6 weeks of your time so you can deliver the product your clients want while being attended to with top-notch service for your connections.Authentication Management
Authentication Management
Authentication is an important component in building ERP or accounting system integrations for end users. Konvex removes the burden of building authentications with third-party applications, allowing your company to add end-user authentication to any workflow with less than 10 lines of code.
Security
When selecting a partner to help you launch integrations, it’s crucial to conduct a quick security audit to ensure your users’ data will always be secure. At Konvex, we comply with security certifications and policies like ISO27001 and employ bank-level security and encryption to keep users’ data safe and protected.
Rate Limits Management
Today, many ERP providers limit the rate of requests to their APIs as a way to ensure fair use of their systems. This limit can cause delays in data synchronizations between your application and the third party. At Konvex, we have built polling technology with retry mechanisms, ensuring your data synchronizations are always up to date.
Konvex provides many more ready-to-use features to help your company build and launch ERP integrations faster than ever. From our authentication widget to the Custom Connector by invitation, Konvex’s rich feature set makes building integrations easy for Product and Engineering teams.
Some ERP Integrations We Support
Konvex supports over 10 ready-to-use integrations. Here are some popular ERP connectors we support:
- NetSuite
- SAP S/4HANA
- SAP Business One
- Dynamics 365
- QuickBooks
- Siigo
- Alegra
- Contifico
Startups Building ERP Integrations with Konvex
Threxio uses Konvex to power NetSuite integrations for their clients. Now, Threxio’s clients can integrate their main digital collection channel.
Billing API: What You Need to Know
Accessing accurate and timely billing data from your accounting system or your clients’ can benefit your other internal applications or product in various ways. These benefits include sending invoices on time, recognizing revenue correctly, and feeding insightful dashboards.
To help you make the most of billing integrations, we’ll break down what an Accounts Receivable Automation API is, real-world examples, and the integrations worth building.
Definition of the Billing API
It is any endpoint that allows you to access and perform actions on specific billing data, whether retrieving, posting, deleting, or updating specific invoice records.
Examples of Billing API in ERPs
The specific billing data you can access and the actions you can perform on specific billing fields depend largely on the API provider you use.
Breakdown of Differences in Various Accounting Systems
SAP Business One
SAP Business One is an ERP system designed for small and medium-sized businesses. It offers a robust API that allows you to manage invoices efficiently. With SAP Business One you can:
- Get Invoices: Access specific invoice records, filtered by date, customer, amount, among others.
- Create Invoices: Generate new invoices in the system, ensuring the data syncs correctly.
- Update Invoices: Modify existing invoice records to correct errors or add additional information.
- Delete Invoices: Remove unnecessary or duplicate invoices from the system.
- Automation: Use webhooks to receive real-time notifications when invoices are created, updated, or deleted, facilitating integration with other applications.
QuickBooks
QuickBooks is accounting software widely used by small and medium-sized businesses. Its billing API allows a wide range of operations:
- Automation: Implement webhooks to receive real-time notifications about invoice-related events, facilitating the automation of accounting processes.
- Create Invoices: Generate invoices from your applications or products, ensuring they are immediately reflected in QuickBooks.
- Update Invoices: Make modifications to existing invoices to keep information accurate and updated.
- Delete Invoices: Delete unnecessary or erroneous invoices from the system to keep the database clean.
- Get Invoices: Access details of specific invoices, filtering by date, customer, payment status, among others.
- Send Invoices: Use the API to send invoices by email directly to customers.
Additional Use Cases for Billing API
To help you use billing APIs effectively, we’ll break down some internal and customer-oriented use cases worth implementing.
✅ Sync Your Financial Planning Tool with Clients’ Accounting Systems to Create and Populate Models Quickly
Imagine you offer a platform that helps clients build and manage various financial models (e.g., sales forecasts) that help them make critical business decisions. To allow users to get value faster and generate more accurate models, you can offer integrations with clients’ accounting systems to sync billing data, among other types of data.
✅ Integrate Your CRM with Your Accounting System to Streamline Invoice Creation and Sending
Once you close a new client, your team will want to move quickly to invoice them. To facilitate this, you can connect your CRM with your accounting system and build a sync where, once an opportunity is marked as “Closed-won” in the first, the associated account is created in the second.
✅ Sync Your Accounting System with Your Business Intelligence Platform to Feed Actionable Reports
Billing data, combined with other types of data, can help your analysts evaluate business performance, discover trends, and make predictions for upcoming quarters and years, all through their BI tool of choice.
✅ Connect Your Electronic Signature Platform with Your Clients’ Accounting Systems to Help Them Create Invoices Faster
Suppose you offer an electronic signature platform like DocuSign that allows users to create and send documents to clients. To help clients create invoices accurately, quickly, and easily, you can connect your product with clients’ accounting systems and build a sync where, once a contract is fully executed on your platform, a client account is created in the associated accounting system and the contract is uploaded to the account.
Sync Your Clients’ Billing Data with Your Product Using Konvex
Konvex, the leading unified API solution, allows you to access more than a dozen accounting integrations through a single build, enabling your product to access and sync all your clients’ billing data, among other types of financial data.
Konvex also provides Integration Observability features that allow your customer-oriented teams to manage your integrations; advanced features to access and sync custom objects and fields; and integration maintenance support through their associated engineering team.
Learn more about how to sync billing data with your product using Konvex by scheduling a demo with one of our integration experts.
