ConnectoBank for NetSuite

Why Choose ConnectoBank?

Seamless integration with NetSuite

Open banking is now crucial in today’s business environment, enabling third-party developers to create applications and services around financial institutions. Banks are securely sharing their data in a standardized format, thanks to the Payment Services Directive (PSD2).

Reliable and secure banking API integration

Novutech’s ConnectoBank bundle leverages banking APIs to securely conduct transactions between banks and NetSuite customer accounts via the NetSuite platform.

Broad financial data coverage

We collaborate with top financial data-aggregation companies to provide extensive bank coverage through the Novutech ConnectoBank Bundle. Our partnerships with innovative companies ensure reliability and comprehensive bank coverage.

Objectives of ConnectoBank

Simplify Banking Format Issues

Are you tired of dealing with multiple format issues like MT940, CAMT.053, CODA, or SEPA? Our state-of-the-art integration resolves these formatting issues seamlessly.

Save Time and Increase Efficiency

On average, extracting bank statements and integrating them into your ERP takes about 150 hours per bank per year. With ConnectoBank, keep your banks and NetSuite updated in real-time, saving you valuable time.

Key Features of ConnectoBank

Automated bank statement import

Automatically import your latest bank statements overnight and easily balance your bank statements daily via AIS.

Compatibility with NetSuite reconciliation tools

ConnectoBank works with both Fast Four Bank Reconciliation and Standard NetSuite Reconcile Account Statements.

Real-time account information access

View your account information and bank balances directly within your ERP system, enabling cash-flow reporting based on actual bank transactions.

Direct payments from NetSuite

Make payments directly from NetSuite via PIS, streamlining your payment processes.