Electronic Payments for NetSuite

Create electronic bank payments from within NetSuite

Electronic Payments allows you to produce supplier payments from within NetSuite as an electronic file suitable for your bank. This process puts the payments into a predefined file format ready for import into the banking payment software.

As banks have many different file formats for their banking software, Electronic Payments allows you to define the format of the export file. This allows Electronic Payments to support the wide variety of formats used by banks from around the world.

Electronic Payments only requires basic payment account details to be specified for each supplier, such as their bank account number and sort code. The use of Electronic Payments can also be turned on and off for each individual supplier.

Once you are ready to produce the electronic payment file, a simple extract process will collect the payments waiting to be processed. The electronic payment file is then created and is ready for import into you banking software.