Securely automate Electronic Funds Transfer (EFT) payments and collections, manage customer payments and refunds, & prevent check fraud with a single global payment management solution.
Want more information on how NetSuite Basic Electronic Bank Payments (free), or NetSuite Licensed Electronic Bank Payments can help you? Continue reading, or download the PDF data sheet on NetSuite Electronic Bank Payments to learn more.
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 multiprocessing, 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.
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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.
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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 accidentally sharing sensitive information.
An electronic funds transfer (EFT) is a mode of moving money between banks and people through an online network.
If the NetSuite Electronic Bank Payments module does not meet your company's needs surrounding billing, you may want to explore NetSuite SuiteBilling. Or, if you are looking for payment options to use alongside NetSuite, you may want to explore available NetSuite payment integrations.
If this module doesn't fit your needs, there are many other NetSuite modules that serve as financial management solutions:
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