S.’s Post

 #MakeNetSuiteBetter with SYNCCARD! ✅ -- A Component of the SYNCBANK Solution 📈 SYNCCARD revolutionizes payment processing by running a Hosted Payment Page directly within NetSuite, enabling faster transactions and reducing dependency on external services. Imagine eliminating delays in payment collection with customizable invoices featuring a "Pay Now" button, guiding customers seamlessly through the payment process. SYNCCARD ensures all transaction data, from sales orders to customer refunds, is automatically synchronized, providing accurate and up-to-date payment information without the need for manual entries or imports. This adaptable, cost-effective solution with comprehensive support is perfect for businesses looking to enhance their NetSuite payment capabilities. [SYNCCARD] App - SYNCHRONIZED PAYMENT PROCESSING ON NetSuite [https://lnkd.in/g4qvVmsu] _______ SYNCBANK leverages the capabilities of NetSuite to offer a more synchronized, efficient, and secure banking process, which can significantly benefit businesses by enhancing their operational efficiency, security, and compliance. 

The synchronization of payment processing (SYNCCARD), and vendor management protocols (SYNCINFO), ensures that not only are the financial processes streamlined, but they are also secured against potential threats. This comprehensive approach reduces operational risks and improves efficiency. Every element of S.SYNCBANK is designed with YOUR workflow in mind. [SYNCINFO] App - SYNCHRONIZED BANK DETAILS WORKFLOW for NetSuite [https://lnkd.in/gynXTFGy] We're ready when you are. [https://sdot.app/] [sales@sdot.app] #NetSuiteCustomization #InventoryManagement #POBillingSimplified #NetSuiteERP #ERPNetSuite #AccountingServices #QuickBooksAccounting #Accountant #NetSuiteAccounting #CPA #DistributionERP #NetSuite #Denver #California #Oracle #Texas #Microsoft #Accounting #Nevada #NewYork #realestate #AccountingPackages #BusinessAccounting #BestERPForWholesaleDistribution #AccountingConsultant #QuickBooksAccountingSoftware #NetSuiteWalkthrough #NetSuiteSystem #CPAAccounting #ERPSoftwareForWholesaleDistributor #WholesaleERPSoftware #outsourcedaccounting #Cloud360 #Spiff #Suitelets #CloudDyanmics #CloudERP #crypto 

Do you need to create a NACHA file to send to the bank? NetSuite's Electronic Payment module can handle that. Your bank will typically provide a requirements file. NACHA files do offer some flexibility in formatting, and it is important to check with your banking institution. Here are a few terms and concepts to know: ✅ “CCD” is “Cash Concentration or Disbursement” and is the standard template for B2B payments out of NetSuite. ✅ “PPD” is “Prearranged Payment and Deposit Entry” and is the standard template for employee payments outside of NetSuite. ✅ “Pad Blocks” refers to a requirement that the file be created in blocks of 10 rows. All unused rows will print “9999…”. ✅ “Balanced Files” refers to a requirement that the offset (settlement) account be carried in the ACH file. ✅ “Immediate Origin” is typically the number “1” followed by the company tax ID. ✅ “Trace Number” is a unique 15-digit identifier that can be used to monitor payments and communicate with the bank. (NetSuite will prepopulate a trace number in the prepared NACHA file, but to my understanding, is re-assigned by the bank so that it is unique.) ✅ “ODFI” is “Originating Depository Financial Institution” and is the bank initiating the transaction. If you are generating the NACHA file in NetSuite, then this is your bank. Meridian Business LLC

#OracleNetSuite offers a suite of integrations and automation, when it comes to streamlining financial processes, such as payments, money transfers, and more.   To execute such integrations, and enable automation, you need a knowledgeable and reliable partner, who knows the power of Oracle NetSuite and suggest the best forward.   In this case study, we showcase how #InspirriaCloudtech completely automated a critical payments process for a leading #fintech #startup and streamlined its financial management by utilizing Oracle NetSuite. https://lnkd.in/dBwjSyWU

🚀 Exciting Times Ahead with NetSuite 2024.2! 🚀 The upcoming NetSuite 2024.2 release promises to bring some stellar advancements that are sure to make a significant difference in cash management for companies. The AI-powered improvements to NetSuite Bill Capture enhance mapping logic, increasing the accuracy of scanned bills and alerting users to any variances, which could save finance teams a lot of time and effort. One of the most noteworthy updates is the automation of vendor payments for companies with multiple US subsidiaries through NetSuite AP Automation. This streamlines the payment process and ensures that each subsidiary is managed efficiently. Moreover, the new Bank Feeds SuiteApp broadens its reach, now supporting connections to additional financial institutions in the US and Canada, further simplifying bank reconciliations and financial tracking. Additionally, the Cash 360 SuiteApp takes forecasting to a new level by supporting installment schedules, enabling more accurate and reliable cash flow predictions. These changes reflect NetSuite's ongoing commitment to providing cutting-edge tools that address the evolving needs of finance professionals. #Finance #NetSuite #CashManagement

It's a very exciting day with the announcement of our #strategic partnership with NetSuite and the achievement of our "Built for NetSuite status". If you're leveraging legacy tech connected to NetSuite, missing key functionality, struggling with international processing or missing payment methods, give BlueSnap or myself a shout. We'd love to help. #b2bpayments #strategicpartnership #annoucement #Certified #payments #netsuite #netsuitepartner #suiteworld #innovation #builtfornetsuite

🚀 Exciting Times Ahead with NetSuite 2024.2! 🚀 The upcoming NetSuite 2024.2 release promises to bring some stellar advancements that are sure to make a significant difference in cash management for companies. The AI-powered improvements to NetSuite Bill Capture enhance mapping logic, increasing the accuracy of scanned bills and alerting users to any variances, which could save finance teams a lot of time and effort. One of the most noteworthy updates is the automation of vendor payments for companies with multiple US subsidiaries through NetSuite AP Automation. This streamlines the payment process and ensures that each subsidiary is managed efficiently. Moreover, the new Bank Feeds SuiteApp broadens its reach, now supporting connections to additional financial institutions in the US and Canada, further simplifying bank reconciliations and financial tracking. Additionally, the Cash 360 SuiteApp takes forecasting to a new level by supporting installment schedules, enabling more accurate and reliable cash flow predictions. These changes reflect NetSuite's ongoing commitment to providing cutting-edge tools that address the evolving needs of finance professionals. #Finance #NetSuite #CashManagement

Tired of time-consuming ⏰and labor-intensive AP tasks? NetSuite has the answer! NetSuite AP Automation is set to transform the way organizations manage their finances. 💰 Say goodbye to tedious bill processing and hello to fast and easy bill payment. Read more from ERPNews - bit.ly/3rzbv8h #apautomation #netsuite #billpayment

Congratulations to Versapay for being named the first NetSuite partner to support NetSuite Pay. NetSuite Pay, an embedded finance service which enables businesses to accept card payments and reduce manual receivable processes. “As many businesses know, cash flow can sometimes mean the difference between a business in distress and one that is thriving,” Carey O’Connor Kolaja, CEO, Versapay, said in a press release. “That’s one of the many reasons we’re proud to announce we are partnering with NetSuite to support NetSuite Pay and help businesses get paid faster and accelerate cash flow. This latest solution is one of the many innovations we’ve partnered with NetSuite on to improve ERP payments and accounts receivable automation.” For NetSuite users, NetSuite Pay powered by Versapay provides pre-negotiated rates and fees. It also facilitates and expedites the application and onboarding process for new merchant accounts. Customers may take advantage of assistance, increased reconciliation, and advice from NetSuite Pay by automating a multi-step process with a self-guided procedure from within NetSuite. https://lnkd.in/ggF4M8Xw #NetSuite #VersaPay #NetSuitePay #accounts receivable #ERPpayments

Do you know the two main steps to vendor payments in NetSuite? The In-Transit Payments feature separates out these two steps, giving you visibility into where a payment is in the process at any given time. Check out the blog to learn more about how this feature breaks down vendor payments in NetSuite. Be sure to follow SuiteRep to keep growing in your understanding of NetSuite! #netsuite #accountingsoftware #suiterep

📢 Struggling to Accurately Record Deposits in NetSuite? Accurately recording funds deposited into your bank account is crucial for maintaining financial accuracy. Here’s a detailed guide to help you navigate the deposit process in NetSuite efficiently. 🔍 Steps to Make a Deposit: 1. Navigate to Deposits: Focus on the “Deposits” option, not “Customer Deposits.” 2. Select Payments: Choose payments received from existing transactions. 3. Add Funds: Include any additional funds not related to transactions. 4. Document Cash Back: Record any cash back received from the bank. 📌 Important Notes: - Undeposited Funds Ledger: Many organizations use this to avoid discrepancies between book balance and actual bank balance due to processing times. - Automatic Transfer: NetSuite transfers funds from the undeposited funds account to your bank ledger account upon recording the deposit. - Direct Bank Entries: If payments are entered directly into a bank account, there's no need to create deposits. - Error Alerts: NetSuite alerts you if any user deletes a payment or cash sale during deposit creation, indicating a record modification. 📊 Example Scenario: If your payment service provider (PSP) sends $1000 to your bank account at the end of the week, you create a deposit for $1000, selecting all relevant payments. 🚀 Streamline with Automation: For large volumes of transactions, automate deposit creation with Kolleno to ensure efficiency and accuracy. ---> WATCH THE VIDEO HERE: https://lnkd.in/evbhEF3b For more tips and efficient NetSuite management, stay tuned for my next tutorials. If you found this helpful, please give it a 👍! #NetSuite #Deposits #FinancialManagement #Kolleno #Tutorial #Efficiency #NetSuiteTraining