The Accounting of the Future: How Alight Automates Bank Statements through Open Banking by IRIS Solutions

Every accountant knows the challenge — daily work with bank statements, posting dozens of payments, matching invoices, and checking amounts. These are hours of manual labor that often carry a risk of errors and delay other business processes.

But today, there’s a smarter way.

Sistechnology, in partnership with IRIS Solutions, presents Alight — a web platform that automatically posts bank statements and consolidates all bank accounts in one place. This means the entire process — from importing data to accounting and payments — is now automated. The service is fully integrated with the Aurora ERP system, allowing complete synchronization of financial and operational business processes.

How Alight Works

Alight is a module that recognizes each transaction in the bank statement, matches it with the correct invoice, and automatically records it in the McMaster accounting software — a proven system with over 30 years of history.

Instead of manual entry, the platform automatically:

• Loads bank statements from all banks in Bulgaria;

• Identifies and posts account operations, payments, fees, and interest;

• Matches payments with customer and supplier invoices;

• Maintains full synchronization with McMaster and the Aurora ERP system — no file transfers needed.

The result is an optimized process, fewer errors, and significantly more time for analysis, consulting, and strategic work.

The Role of Open Banking

At the heart of Alight lies Open Banking, powered by IRIS Solutions. Thanks to this technology, the platform securely and automatically accesses a company’s banking data — regardless of which bank the accounts are in.

IRIS Solutions provides direct integration with all major banks in Bulgaria through its open API. This means Alight can:

• Load bank statements in real time, without manual file downloads;

• Track movements across all accounts simultaneously;

• Initiate payments directly through banking systems — quickly and securely.

Thus, Open Banking becomes the backbone of automation — the link that enables the intelligent flow of banking data into accounting software. Without it, such integration and efficiency would not be possible.

Benefits for Businesses and Accounting Teams

With Alight, accountants can finally leave behind:

• Manual input of banking operations;

• The risk of human error during posting;

• Working across multiple banking systems.

Instead, they gain:

• Centralized information from all banks;

• Automated import and streamlined processes;

• Real-time transparency and control over cash flows.

  
  

A Partnership that Delivers Value

Alight is more than just new software — it’s the result of an effective partnership between Sistechnology and IRIS Solutions, demonstrating how fintech innovation can solve real accounting challenges.

When technology meets the practical needs of business, the outcome is a new standard in financial management — faster, more accurate, and fully automated.

Learn more about Alight here.