End of Day Statements offer a consolidated summary of all account activities that occurred throughout the day. These statements are essential for businesses needing a comprehensive overview of their financial status at the close of each business day, supporting activities such as reconciliation, reporting, and financial analysis.

Key Capabilities:

  • Daily Summary: Provides a complete record of all transactions and account balances at the end of each business day, giving a clear snapshot of the day’s financial activity.
  • Detailed Reporting: Includes comprehensive details on each transaction, such as amounts, types, timestamps, and references, helping businesses maintain accurate and thorough financial records.
  • Consistency and Reliability: End of Day Statements are generated automatically, ensuring consistent availability of financial data for daily reconciliation and reporting processes.
  • Customizable Data: Allows businesses to select specific criteria, such as transaction types or account details, to tailor the content of the statements to meet specific reporting needs.

Technical Requirements:

  • Authentication: Access to End of Day Statements requires OAuth 2.0 authentication with a bearer token, obtained through the Client Credential Grant flow.
  • Endpoints: API endpoints are available to request and retrieve end-of-day statements in a structured and secure manner.
  • Response Format: Statements are provided in JSON format, facilitating easy integration into various financial systems and workflows.
  • Error Handling: Detailed error codes and responses support efficient management of requests and ensure reliable access to statement data.

Key Features for Developers:

  • API Integration: Integrate End of Day Statements into your financial systems through APIs, automating the collection and processing of daily financial data.
  • Structured Data Delivery: Utilize JSON-based responses for straightforward parsing and integration, reducing the time and effort needed to incorporate data into existing systems.
  • Secure Data Access: All data exchanges are protected using HTTPS and OAuth 2.0, ensuring that sensitive financial information remains secure.
  • Automation Friendly: Set up automated retrieval of statements at the end of each business day to streamline reconciliation and reporting processes.

Example Use Cases:

  • Daily Reconciliation: Use end-of-day data to reconcile transactions across different systems, ensuring accuracy in financial records and reducing discrepancies.
  • Financial Reporting: Generate daily financial reports that summarize account activity, helping stakeholders maintain oversight of financial performance.
  • Audit Preparation: Maintain a comprehensive log of daily transactions that can be easily accessed and reviewed during audits or compliance checks.
  • Cash Position Management: Review the end-of-day cash position to make informed decisions about investments, loans, or other financial actions.