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Paying vendors shouldn’t take an afternoon

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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

  1. You select the bills to pay inside NetSuite.
  2. NetSuite generates the bank file using your bank’s payment template.
  3. You upload once to the bank, instead of one transfer per payment.
  4. The payment is recorded against each bill.
  5. 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).

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