Systems and methods of access control and system integration
Automated provisioning, according to one example embodiment, enables a mutual customer to establish an intelligent and automated connection between an accounting software system and their financial institution. For example, this might be achieved by allowing a financial institution customer to make feeds from their bank accounts available to the accounting software system within financial internet software (e.g., hosted and operated by the customer's financial institution). Once a customer selects the bank account(s) they want to share with the accounting software system, they are passed along to the accounting software system to link the selected bank account with an account they have set up in the accounting software system.
1. A method comprising:
at an accounting system, receiving, from a financial system, an authorization to link a financial account at the financial system with a bookkeeping account at the accounting system, the accounting system maintaining bookkeeping accounts for a plurality of organizations, the authorization identifying a user associated with a first organization of the plurality of organizations;
based on the receiving of the authorization identifying the user, linking the bookkeeping account associated with the first organization to the authorized financial account;
registering, by the accounting system, for a bank record feed from the financial system, the registering using the authorization from the financial system;
and, responsive to the registering for the bank record feed:
periodically receiving financial account data related to the financial account from the financial system; and
generating accounting data related to the bookkeeping account using the financial account data.
2. The method of claim 1 , wherein:
the periodically receiving of the financial account data related to the financial account from the financial system includes receiving the financial account data on a nightly basis using the bank record feed; and
the generating the accounting data related to the bookkeeping account using the financial account data includes generating the accounting data on a periodic basis.
3. The method of claim 1 , wherein the bank record feed is an automated programmatic bank record feed.
4. The method of claim 1 , wherein:
the linking of the bookkeeping account associated with the first organization to the authorized financial account includes causing presentation of an option to the user to select the bookkeeping account from a plurality of bookkeeping accounts associated with the first organization; and
the registering, by the accounting system, for the bank record feed from the financial system, is in response to detecting a selection of the option.
5. The method of claim 1 , wherein:
the financial account data retrieved is retrieved using secure transfer.
6. The method of claim 1 , wherein
the authorization received at the accounting system from the financial system is received in an encrypted message, the accounting system receiving the encrypted message from the financial system and decrypting the encrypted message to reveal the authorization.
7. The method of claim 1 , wherein
the registering is performed via an application programming interface (API) provided by the financial system.
8. The method of claim 1 , further comprising:
verifying, by the accounting system, that the financial system supports a third-party payment service for the financial account;
submitting, from the accounting system to the third-party payment service, a batch file comprising a batch of payments drawn on the financial account, the batch of payments comprising plurality of account identifiers for a plurality of financial accounts receiving the payments in the batch of payments;
receiving, by the accounting system from the financial system, a confirmation that all payments in the batch of payments completed successfully; and
updating, by the accounting system and in response to the confirmation, accounting data of the bookkeeping account to show that the payments in the batch of payments were made.
9. The method of claim 1 , further comprising, before registering for the bank record feed for the financial system:
retrieving initial financial account data related to the financial account; and
generating initial accounting data related to the bookkeeping account using the retrieved initial financial account data.
10. An accounting system comprising:
a memory; and
a processor coupled to the memory and configured to perform operations comprising:
receiving, from a financial system, an authorization to link a financial account at the financial system with a bookkeeping account at the accounting system, the accounting system maintaining bookkeeping accounts for a plurality of organizations, the authorization identifying a user associated with a first organization of the plurality of organizations;
based on the receiving of the authorization identifying the user, linking the bookkeeping account associated with the first organization to the authorized financial account;
registering, by the accounting system, for a bank record feed from the financial system, the registering using the authorization from the financial system;
and, responsive to the registering for the bank record feed:
periodically receiving financial account data related to the financial account from the financial system; and
generating accounting data related to the bookkeeping account using the financial account data.
11. The accounting system of claim 10 , wherein:
the periodically receiving of the financial account data related to the financial account from the financial system includes receiving the financial account data on a nightly basis using the bank record feed; and
the generating the accounting data related to the bookkeeping account using the financial account data includes generating the accounting data on a periodic basis.
12. The accounting system of claim 10 , wherein the bank record feed is an automated programmatic bank record feed.
13. The accounting system of claim 10 , wherein:
the linking of the bookkeeping account associated with the first organization to the authorized financial account includes causing presentation of an option to the user to select the bookkeeping account from a plurality of bookkeeping accounts associated with the first organization; and
the registering for the bank record feed from the financial system, is in response to detecting a selection of the option.
14. The accounting system of claim 10 , wherein:
the financial account data retrieved is retrieved using secure transfer.
15. The accounting system of claim 10 , wherein:
the authorization received at the accounting system from the financial system is received in an encrypted message, the accounting system receiving the encrypted message from the financial system and decrypting the encrypted message to reveal the authorization.
16. The accounting system of claim 10 , wherein:
the registering is performed via an application programming interface (API) provided by the financial system.
17. The accounting system of claim 10 , further comprising:
verifying, by the accounting system, that the financial system supports a third-party payment service for the financial account;
submitting, from the accounting system to the third-party payment service, a batch file comprising a batch of payments drawn on the financial account, the batch of payments comprising plurality of account identifiers for a plurality of financial accounts receiving the payments in the batch of payments;
receiving, by the accounting system from the financial system, a confirmation that all payments in the batch of payments completed successfully; and
updating, by the accounting system and in response to the confirmation, accounting data of the bookkeeping account to show that the payments in the batch of payments were made.
18. The accounting system of claim 10 , the operations further comprising:
before registering for the bank record feed for the financial system:
retrieving initial financial account data related to the financial account; and
generating initial accounting data related to the bookkeeping account using the retrieved initial financial account data.
19. A non-transitory machine-readable storage medium storing instructions thereon which, when executed by one or more processors of an accounting system, cause the accounting system to perform operations comprising:
receiving, from a financial system, an authorization to link a financial account at the financial system with a bookkeeping account at the accounting system, the accounting system maintaining bookkeeping accounts for a plurality of organizations, the authorization identifying a user associated with a first organization of the plurality of organizations;
based on the receiving of the authorization identifying the user, linking the bookkeeping account associated with the first organization to the authorized financial account;
registering, by the accounting system, for a bank record feed from the financial system, the registering using the authorization from the financial system;
and, responsive to the registering for the bank record feed:
periodically receiving financial account data related to the financial account from the financial system; and
generating accounting data related to the bookkeeping account using the financial account data.
20. The non-transitory machine-readable storage medium of claim 19 , wherein:
the periodically receiving of the financial account data related to the financial account from the financial system includes receiving the financial account data on a nightly basis using the bank record feed; and
the generating the accounting data related to the bookkeeping account using the financial account data includes generating the accounting data on a periodic basis.