Meghan Walls’ Post

Integrating your payment processing with NetSuite can bolster your accounts receivable workflow in a few key ways. Read the full blog: https://bit.ly/3rAm1fC

Integrating your payment processing with NetSuite can bolster your accounts receivable workflow in a few key ways. Read the full blog: https://bit.ly/3rAm1fC - if you have any questions please contact me directly

With accounts receivable dashboards in NetSuite, you get REAL-TIME data about your company’s receivables. 👀 Take a closer look: https://lnkd.in/exg-N6Q4

With accounts receivable dashboards in NetSuite, you get REAL-TIME data about your company’s receivables. 👀 Take a closer look: https://lnkd.in/d2UyGwQ5

With accounts receivable dashboards in NetSuite, you get REAL-TIME data about your company’s receivables. 👀 Take a closer look: https://lnkd.in/gKsXVcby

With accounts receivable dashboards in NetSuite, you get REAL-TIME data about your company’s receivables. 👀 Take a closer look: https://lnkd.in/gt3Zpyps

How to Improve the Accounts Payable Process in Dynamics 365 - by Axtension - https://bit.ly/3xPyvTL

For one of our partners, we wanted to utilize the Zone & Co bank reconciliation app in NetSuite. Therefore we implemented and customized key processes to improve faster and more accurate bank reconciliation! 💥 ➡️ Processed Bank Statement: After the bank statement was uploaded, all the information was embedded in the description field in NetSuite, previously it was difficult to find and control necessary information. We created additional fields like counterparty, IBAN, BIC and invoice number (payment reference) and extracted necessary information to those fields. This improved visibility and enabled key users to do faster and more accurate spot checks to fix mistakes. ➡️ Customizations: We customized the bank statement processing transactions -journals and customer deposits- to store the payment information. This customization enabled the key users to easily process refunds based on the original payment transaction reducing the risk for errors. ➡️ Recognition: There are always payments for multiple invoices. However, there is no standardization of how the payment references (invoice numbers) are written in the description. Sometimes it’s with space, comma or slash, sometimes “+” or “-”. After switching to the cam.053 file format to upload, payment recognition increased significantly. After we formatted the delimiters, the recognition increased from 40% to 95%, saving our customer significant time everyday, so the users can focus on more important tasks than manually processing the payments. ➡️ NetSuite Transactions: We not only increased the recognition but automated generating the transactions in NetSuite with accuracy. This was crucial for accurate and timely financial reporting. Any reconciliation discrepancy is now a lot easier to detect. #NetSuite #transactions #bankstatement #partner

Sending and receiving B2B payments can be a burden when they operate outside of your ERP. Our blog covers the importance of integrating payment acceptance and vendor payment automation within Sage Intacct to increase efficiency and reduce efforts needed to manage them. https://lnkd.in/eQ7M2DZd

Unlocking Efficiency and Control: Explore the Power of NetSuite Accounts Payable! 💼🔒 NetSuite offers a comprehensive suite of tools to streamline your accounts payable procedures. 📊 Accounts Payable Dashboard: Get instant insights to monitor purchase orders, pending invoices, due dates, and real-time payments. 📝 Vendor Records: Forge stronger connections with your suppliers by maintaining detailed records. Centralize contacts, addresses, prices, and purchase history for better collaboration. 📑 Purchase Orders: Seamlessly create, approve, and convert purchase quests to orders. Avoid errors and overpayments by matching vendor bills with POs. 💼 Invoice Management: Go Digital with NetSuite AP Automation. Scan, Integrate, and Pay Effortlessly with HSBC Banking Services. 💸 Payments: Flexibility and efficiency combined with multiple payment options, automated scheduling, and seamless vendor credit management. 📊 Reporting: Illuminate your data with customizable AP reports and segments. Dive into expense analysis and departmental breakdowns with ease. 💡💰Embrace the future of financial operations and seize control like never before. #NetSuiteAP #FinancialEfficiency #BusinessEmpowerment #StreamlineYourProcess