The real question<\/strong> isn\u2019t whether Business Central can reconcile a statement. It\u2019s how the statement arrives, how approved payments reach the right bank and how each transaction traces back to the books.<\/p>\n<\/div>\n\n\n\n OPEN\u2019s Business Central extension is built for exactly that. It brings balances and statement lines from connected bank accounts into Business Central and sends approved payments to the bank through OPEN, with each bank\u2019s own authorisation steps still in place.<\/p>\n\n\n\n With a supported integration, finance teams can bring bank information into Business Central without treating each portal as a separate source of truth. Instead of downloading a statement, importing it and following up on a payment by email, teams can work with connected data and payment references alongside the records they already maintain.<\/p>\n\n\n\n That can improve three day-to-day decisions: which account has funds available, which approved payment has actually been processed, and which statement line still needs attention.<\/p>\n\n\n\n Business Central continues to own the accounting. OPEN handles the available banking connectivity through its Business Central extension<\/a>. Availability is confirmed for each bank, account and service before setup.<\/p>\n\n\n\n The implementation should begin with the accounts and outcomes your finance team needs\u2014not merely an installation checklist.<\/p>\n\n\n\n List the HDFC, ICICI, SBI and Axis accounts in scope, their owning legal entities and the corresponding Bank Account Cards. Confirm posting groups, payment journals and which team can see or transact on each account. Multiple Business Central companies need explicit mapping and access decisions.<\/p>\n\n\n\n Each account must be enabled for the services it will use. Access to balances and statements is different from authority to initiate payments. The signatory, corporate banking arrangement and required bank approvals should be confirmed before treating any connection as ready.<\/p>\n\n\n\n OPEN\u2019s integration page describes statement lines and balances entering Business Central, approved payment instructions being sent through OPEN, and settled-payment references returning to the ERP. The exact setup should be agreed with your Business Central partner, including payment controls, field mapping, supported bank services and how failed syncs are handled.<\/p>\n\n\n\n Start with a small number of representative accounts. Fetch balances and bring in a statement. Where the bank supports it, send a properly authorised test payment, check the bank reference that comes back and confirm how the transaction is matched or reviewed in Business Central. A successful connection is only the first step; the end-to-end workflow is the real test.<\/p>\n\n\n\n OPEN lists direct API connectivity for all four banks. But bank coverage and service availability are not interchangeable. Confirm the exact accounts, payment permissions and response data relevant to your organisation.<\/p>\n\n\n\n You may not need to replace what already works. Business Central supports bank statement imports and Payment Journal exports, and some organisations have reliable bank-specific arrangements in place. A common integration is most valuable where multiple accounts create repeated manual steps or where the team needs better visibility between payment preparation and bank execution.<\/p>\n\n\n\n In particular, exporting a payment file is not the same as sending it to the bank<\/strong>. Microsoft\u2019s payments documentation<\/a> describes exporting a bank file that you then upload to your bank for processing. Any new approach should be assessed against the actual submission, authorisation and reconciliation workflow.<\/p>\n\n\n\n Find out what connecting your banks to Business Central would involve.<\/p>\n\n\n Share your bank list, the Business Central companies involved and the workflows you want to bring into the ERP. We\u2019ll help establish what is supported, which bank authorisations are needed and where a sensible pilot should begin.<\/p>\n<\/div>\n\n\n![\"Conceptual](\"https:\/\/open.money\/blog\/wp-content\/uploads\/2026\/11\/connect-hdfc-icici-sbi-axis-bank-to-business-central.webp\")
<\/figure>\n\n\n\nWhat changes when the banks are connected?<\/h2>\n\n\n\n
How do you connect the four banks to Business Central?<\/h2>\n\n\n\n
01 \u00b7 Map accounts to the right Business Central companies<\/h3>\n\n\n\n
02 \u00b7 Complete the banks\u2019 authorisation requirements<\/h3>\n\n\n\n
03 \u00b7 Set up OPEN\u2019s Business Central extension<\/h3>\n\n\n\n
04 \u00b7 Test a complete payment and reconciliation cycle<\/h3>\n\n\n\n
HDFC, ICICI, SBI and Axis: what should you confirm?<\/h2>\n\n\n\n
Bank<\/th> Typical use (example)<\/th> Confirm before rollout<\/th><\/tr><\/thead> HDFC Bank<\/a><\/td> Accounts used for receipts or operating payments<\/td> Balance and statement access, payout permissions, onboarding steps<\/td><\/tr> ICICI Bank<\/a><\/td> Vendor-payment or operating accounts<\/td> Payment workflow, approvals and returned bank references<\/td><\/tr> State Bank of India<\/a><\/td> Operating or working-capital accounts<\/td> Account type, data availability and authorised services<\/td><\/tr> Axis Bank<\/a><\/td> Project, collections or operating accounts<\/td> Statement availability, payment access and support for the required account<\/td><\/tr><\/tbody><\/table> What if you already import statements or export payment files?<\/h2>\n\n\n\n