ConnectoBank Solution for NetSuite
Seamlessly integrate banking transactions into NetSuite with real-time updates and extensive European bank coverage.
Why choose the ConnectoBank Solution for NetSuite?
Open banking is essential for businesses, enabling third-party applications to integrate seamlessly with financial institutions. The Payment Services Directive (PSD2) allows secure and standardized sharing of banking data, simplifying financial operations.
Novutech’s ConnectoBank Solution leverages banking APIs to enable secure, real-time transactions between banks and NetSuite customer accounts. By partnering with leading financial data-aggregation companies, we provide extensive European bank coverage, ensuring reliable and efficient financial management.
Key Benefits:
- Save up to 150 hours per bank each year by automating bank statement integration into NetSuite.
- Resolve complex formatting challenges (e.g., MT940, CAMT.053, CODA, SEPA) with advanced compatibility.
- Free up valuable resources with real-time updates and simplified reconciliation.
Key features of the ConnectoBank Solution
Automated bank statement import
Automatically import bank statements daily for up-to-date financial data.
Real-time bank information
Access live updates directly within NetSuite for improved decision-making.
Seamless reconciliation
Compatible with NetSuite’s reconciliation tool and Zone Reconcile.
Direct payments from NetSuite
Initiate secure payments directly from the NetSuite platform.
Extensive european bank coverage
Partner with leading data aggregators to ensure wide coverage.
Flexible scheduling
Schedule bank statement imports, typically every morning at 07:00.
Reprocessing capability
Easily reprocess files if needed for error-free operations.
Isabel integration
Compatible with Isabel for businesses already using this platform.
How we implement?
Our implementation process is designed to get you up and running with minimal effort, ensuring seamless integration of the ConnectoBank Solution into your NetSuite account.
Implementation Steps:
- Onboarding and Requirement Gathering: Assess your banking and reconciliation needs.
- Setup and Configuration: Install the ConnectoBank bundle and perform basic configuration tailored to your requirements.
- Training: Provide training sessions to ensure your team can maximize the solution’s benefits.
- Deployment: Finalize and deploy the solution within your NetSuite environment.
Highlights:
- Timeline: Implementation completed within a few days (based on availability).
- Pricing: Fixed implementation fee with a recurring annual fee.
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Customer feedback
Covers all major european banks with seamless integration
Works effortlessly with Zone Reconcile and the standard reconciliation tool
Reprocessing files is quick and simple if needed
Flexible scheduling allows us to import bank statements every morning
Novutech’s ConnectoBank Accelerator ensures secure, seamless bank transactions within NetSuite
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