This article provides definitions and explanations for the key terms and concepts you'll encounter while using the Banqup platform. Familiarizing yourself with these terms will help you navigate the platform more effectively and better understand its features and functionality.
App launcher: The menu icon (shown as a grid of dots) that gives you quick access to all your Banqup apps and the Banqup Store. Think of it as your app directory where you can find and open any app available in your space.
Apps: Banqup comes with different apps. Each app allows you to manage an aspect of your space. For example: Purchase Invoices, Sales Invoices, Payments, Document Creator, subscriptions, etc. You can also add more apps via the Banqup Store to customize and enhance your Banqup experience.
Banqup Business Account: This is the bank account provided with your Banqup account. You use it to pay your suppliers and collect money from your customers. You can add and withdraw money from it.
Banqup One: Banqup's mobile app allows you to authenticate your identity online in a secure and trustworthy way. You can use it to log in to Unifiedpost applications and to approve payments.
Banqup Terminal: The mobile app that allows you to accept mobile touch-free payments from your customers.
Main menu: The menu located in the top-right corner of your screen (showing your company and user name) opens a dropdown with personal and administrative options. From here, you can:
Access your user profile.
Manage company settings.
Create a new space
Access the help desk
View the About Banqup page
Sign out of your space
OCR: Optical Character Recognition is a technology that extracts the text from an image and turns it into data (company information, amounts, bank account, etc.) that can be used in your invoices. That data is used to create e-invoices and to enable multiple possibilities of the services offered (e.g. payments, accounting, financing).
Payment account: Your Banqup Business Account or a bank account that you've linked to Banqup.
Peppol: A secure digital network that allows businesses and government organizations to exchange invoices and other business documents easily. More and more governments are making it mandatory for businesses to send their invoice via the Peppol network.
Banqup makes it easy to send and receive your invoices through Peppol so that your business remains compliant at all times without the hassle.
Space: Your Banqup space is where you manage everything related to your company: invoices, payments, financing, etc. If you own several companies or establishment units, each one will have its own space so you can manage them independently.
UBL: The XML file exchange standard for business documents (such as invoices). This standard allows different companies to exchange documents that will be compatible with their respective systems because they contain the information required by this format (for example name, address, company number, bank account, invoice information, ...). An invoice in UBL format can therefore be read and interpreted by accounting packages.
XML: File extension in which information is classified in tags according to their nature. These files allow different systems to share files capable of being read and understood by each other thanks to a structure that indicates what the information is.