MULTIPATH is a SaaS service from PATH FINANCE for finance teams that need to process bank statements from many different banks and countries. It collects statements automatically, converts them to a uniform format, requalifies the entries using rules and a universal nomenclature, and delivers the data to the existing TMS or ERP system. According to the vendor, the work is limited to connecting those systems and no internal IT project is required. The vendor describes the service as supervised by its own business experts, with automatic alerts on errors or undelivered statements.
PATH FINANCE is a French SAS with its registered office in Eguilles; the website names no parent company. According to the vendor, MULTIPATH is hosted in France and Europe, so the data stays within the European Union. The privacy policy refers to the GDPR and to the obligations of a data processor. Because bank data is involved, it is sensible to ask the vendor which sub-processors and locations are used.