Bank feeds in, payment files out, encrypted.
Direct connectors for HSBC, J.P. Morgan, CBA, Westpac, NAB, St George, Bank of Melbourne and BankSA. Statements arrive on a schedule and match themselves; payment files leave NetSuite in the format your bank actually accepts, encrypted (PGP) over SFTP.
Statements in
Payments out
Control
Statements in, payment files out: bank statements are retrieved into NetSuite and matched, and approved payments leave as encrypted ABA or EFT files (PGP) over SFTP. Illustrative example.
Running on the bank connectors.
Seamless onboarding, hours saved every week and payment runs that take half the time: their words, not ours.
Book a demo Read the full customer stories →Family-owned manufacturer of materials handling equipment for agricultural, industrial, civil and waste customers across Australia and New Zealand. Kerfab connected NetSuite to NAB Direct Link, so payments go straight from NetSuite and the bank feed arrives automatically every day.
“The onboarding process was seamless and the support received from both teams at SuiteFunction and NAB was second to none … Overall, the project was a huge success with a 50–60% reduction in payments processing time and a significant reduction in the risk of fraud and error as the automation introduced a two tier payments review process.”
Furnware connected NetSuite to CommBiz (CBA) to reduce fraud risk and end manual bank reconciliation. Payments and reconciliation now run inside NetSuite, and the accounts team no longer needs access to internet banking.
“The automated bank feed is saving our team numerous hours each week, as they are no longer required to download CSV statements or manually input banking information. … SuiteFunction facilitated a seamless and efficient implementation process.”
Canteen Australia replaced a weekly download-and-upload of ABA files to NAB Connect with straight-through payments from NetSuite, plus a daily bank feed that feeds NetSuite’s auto-reconciliation.
“With straight-through payment processing, our ABA files can now be seamlessly pushed from NetSuite to NAB as soon as the file is approved in NetSuite. This proved to be both faster and safer than our previous process of manually uploading the file.”