Banking Central is a solution by Memento SRL. By using the Banking Central app for Microsoft Dynamics 365 Business Central (referred to as the “solution” or “service” in these terms), you (the “client”) confirm and acknowledge that you have read, understood, and agree to the terms and conditions of this page.
General conditions
Any changes to these terms can be made exclusively by Memento, with Memento reserving the right to modify costs and the methods of calculation, including but not limited to changes due to regulatory updates or changes in relationships with partner companies acting as intermediaries.
Memento reserves the right, at its sole discretion, to modify, add, or remove any terms or conditions. The most recent version of these terms and conditions will be published on this page. You agree to review the terms from time to time and agree that any subsequent use of the solution will constitute your acceptance of the updated terms.
Neither party may assign or transfer this agreement or the rights arising from it without the prior written consent of the other party, except that Memento may transfer this agreement, with written notice to the client, in the context of a transfer or reorganization of the business relating to the service.
The service is provided “as is”, with no warranty regarding its use and features.
Using the solution requires an active subscription; in any case this will just grant a non-exclusive and revocable use license to the client. The intellectual property of the solution will remain of Memento.
Memento can’t guarantee that the service will be available at all times. Memento reserves the right to cancel the service or solution at any time, and will make reasonable efforts to communicate this in advance to any active client. Memento reserves the right, at its sole discretion, to modify, change, or discontinue the solution or any associated services. Memento will not be responsible or liable, directly or indirectly, in any way for any loss or damage caused by such modifications or discontinuation.
Memento is not obligated to provide support services for the solution. Any support provided is without any warranties of any kind.
The software may be automatically updated without prior notification, with changes in the provided functionalities.
Service
The connection to the banks is provided through GoCardless Bank Account Data, a regulated account information service provider. The access is read-only: the service does not make payments.
The list of supported banks can change over time. The connection to a bank can be rendered unusable at any moment by changes on the side of the bank or of the provider.
Each bank connection is valid for the period granted by the bank; renewing it requires a new authorization by the client at the bank.
Transactions are provided as received from the banks. The client is responsible for reviewing the reconciliations and the postings in Business Central.
Subscription
The license covers one Business Central tenant, with all its companies, and a number of bank accounts: each bank account linked in the solution counts as one.
Prices are published on the pricing page of bankingcentral.org and exclude VAT.
Liability
Memento shall not be held responsible under any title or reason, directly or indirectly, for damages, including direct or indirect damages, data loss, alteration of document content, third-party rights violations, delays, malfunctions, or interruptions, whether total or partial, occurring during service delivery or use. In no event shall Memento be liable for direct, indirect, or consequential damages, such as reputational damage, loss of profit, loss or interruption of production, loss or suspension of contracts, etc.
Memento does not control or monitor how the client uses the solution; Memento remains uninvolved in the activities the client carries out autonomously when accessing the service. The client releases Memento from any and all liability concerning this matter and agrees to indemnify and hold Memento harmless from any claims for damages brought forward by any party.
The licensee may request compensation from Memento for any damages required by the law, only limited to the total amount paid by the client for the solution in the twelve (12) months preceding the event giving rise to liability. The client may not claim compensation for any other damages, including consequential, special, indirect, or incidental damages or loss of profits.
For any dispute, the competent court is the court of Milan.
Billing and payments
The subscription is paid by card through the online subscription, with payments processed by Stripe, and renews automatically at the end of each billing period until it is cancelled.
Billing by invoice and bank transfer is available only for yearly subscriptions, with a standard payment term of 30 days from the date of the invoice. Yearly subscriptions can be cancelled until the day before renewal.
In case of payment delays, Memento reserves the right, after following standard reminder procedures and directly notifying the client, to suspend the service with immediate effect.
Refunds for monthly subscriptions can be requested in full for any reason for the current billing period. Refunds for yearly subscriptions can be requested for any reason, but will be calculated on the pro rata of the days remaining for the current period.
Reference
The client authorizes Memento to use its name, brand, and logo for reference purposes in Memento’s promotional materials, without this entailing any payment by Memento.