ConnectoBank for NetSuite

Introduction to NetSuite ConnectoBank Solution

In today’s digital business landscape, open banking has become a cornerstone for financial integration. Thanks to the Payment Services Directive (PSD2), banks now securely share data in standardized formats, empowering businesses to streamline their financial operations.

Novutech’s ConnectoBank Solution leverages banking APIs to enable seamless, secure transactions between banks and NetSuite customer accounts directly within the NetSuite platform. By partnering with trusted financial data-aggregation providers, we ensure extensive bank coverage, giving clients confidence in every transaction.

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ConnectoBank objectives and pain points

Integrating bank data into an ERP often involves challenges like incompatible formats (e.g., MT940, CAMT.053, CODA, SEPA) and manual processes that consume significant time. Businesses need a solution that simplifies this complexity and automates time-consuming tasks.

Our ConnectoBank Solution addresses these pain points by:

• Simplifying Format Challenges: Resolves issues with different bank file formats for smooth and consistent processing.
• Saving Time: Eliminates manual effort—reducing up to 150 hours of integration work per bank annually.
• Real-Time Updates: Keeps NetSuite and bank data synchronized, enhancing decision-making and operational efficiency.

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Key features of the ConnectoBank Solution

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How we implement the ConnectoBank Solution

We follow a streamlined approach to implementation:

1. Installation and Configuration: Install the bundle and configure it to align with your requirements.
2. Optional Training Sessions: Equip your team with the knowledge to maximize solution use.
3. Deployment: Roll out the solution quickly for immediate benefit.

• Timeline: Implementation within a few days (depending on your availability).
• Pricing: Fixed implementation fee and recurring annual fee.

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Customer feedback

Here’s what our clients value about the ConnectoBank Solution:

• "Effortless bank statement integration into NetSuite."
• "Significant time savings and reduced manual effort."
• "Enhanced accuracy and confidence in real-time financial data."

Optimize your Banking Integration today!

Novutech’s ConnectoBank Solution simplifies banking integration, saves time, and enhances financial data accuracy. Contact us today to learn how this solution can streamline your banking operations within NetSuite.

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