Paying vendors shouldn’t take an afternoon
Before: the same payment was keyed into NetSuite, online banking, a spreadsheet and an email to the vendor. Four places, four chances for error.
After: one flow inside NetSuite
- You select the bills to pay inside NetSuite.
- NetSuite generates the bank file using your bank’s payment template.
- You upload once to the bank, instead of one transfer per payment.
- The payment is recorded against each bill.
- The vendor gets an email notification.
Heads-up: not everything comes out of the box. The Electronic Bank Payments SuiteApp gives you your country’s standard templates, batch approval and reversals. These need the Electronic Bank Payments license: custom templates, automatic bill processing, multi-currency, APIs and parallel processing (the last one also requires SuiteCloud Plus).