NetSuite Electronic Bank Payments
Securely automate Electronic Funds Transfer (EFT) payments and collections, manage customer payments and refunds, & prevent check fraud with a single global payment management solution.
Key Features & Capabilities:
Enhanced EFT capabilities with filtering options
E-Document Audit Trail and Statuses
Automated payment batch creation
Outbound and Inbound Invoicing
Permissions and Access Levels
Worldwide bank support
Allows for multiple payment batch creation using various batch criteria, controls, and payment deadlines
Includes additional payment authorization prior to payment processing
Simplified billing management with bill display and partial payment options
Meets your customers needs with a variety of payment options
Save time with concurrent payment batch processing
Easier payment tracking
Oracle NetSuite Electronic Bank Payments helps you ensure that employees and vendors are paid on time. This module includes support for many global and local banking formats as well as language support and multi-processing, reducing your team's work load related to meeting local needs. Worldwide bank support also allows you to meet your customers payment option needs. With NetSuite Electronic Bank Payments, outstanding customer invoices are settled automatically through direct debit (DD) collections to help you settle customer bills more easily. NetSuite Electronic Bank payments also includes a variety of payment options such as payment batch queuing, rollbacks, and reversals complete with notations and automatic notifications.
The NetSuite Electronic Bank Payments module provides you with automated multiple payment batch creation that allows the use of various batch criteria, controls, and payment deadlines. Your team will also have the ability to process multiple payment batches at the same time in separate queues. Approval routing and email alert notifications are included for additional payment authorization before payments are processed, while outbound and inbound invoicing options make payment tracking easier.
Secure information sharing:
Enhanced EFT capabilities with filtering options provide your team with a simplified billing management solution that supports bill display, partial payments, and bill management. NetSuite Electronic Bank Payments also includes permissions and access levels that allow you to get people the information they need, without accidently sharing sensitive information.
Related NetSuite Solutions:
If this module doesn't fit your needs, there are many other NetSuite modules that serve as financial management solutions: