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NetSuite Electronic Securely Automate EFT Payments and Collections

Electronic Bank Payments brings to NetSuite electronic banking functionality that includes Key Benefits Electronic Funds Transfer (EFT) payments, • Automated batch allows multiple customer refunds and customer payments payment batch creation stemmed from (direct debits), as well as check fraud prevention different batch criteria, controls and through the Positive Pay service offered by payment deadlines. leading . It helps ensure that employees • Approval routing and email alert notification and vendors are paid on time and customer bills enables additional payment authorization are settled automatically. With support for a wide prior to payment processing. range of global and local bank formats, Electronic • Saves time and lowers payment processing Bank Payments provides a single payment expenses by eliminating checks, postage management solution worldwide. and envelopes. Electronic Bank Payments creates files of • Automated customer collections payments or direct debit information in bank’s to settle outstanding invoices. predefined file format ready for import into • Payment management options include banking software or submission to the bank payment batch queuing, rollbacks, reversals online. In addition, it supports management with notations and automated notifications. of large payment runs (typically up to 5,000 payments per file) with the ability to process reversals and partial , or re-generate the Electronic Bank Payments is freely available for file. With user-defined payment notification, download by all customers and provides payment payees can get immediate email notification of a capabilities for local banks in your geography. payment. Flexible payment aggregation makes The advanced Electronic Bank Payments features it possible to define one payment per vendor/ are available by subscription and provide employee, per bill/expense or based on a user- to more than 50 bank formats on a global basis. defined grouping.

www.netsuite.com Payment (EFT) Capabilities Each approver will get an email notification Electronic Bank Payments enables you to alerting them that they need to review and generate bank payment files to make payments approve payment batches. Payment processing covering vendor bills, employee expenses, queue capabilities allow you to submit multiple commissions and customer refunds. This gives payment batches for processing with the option you control with filtering options to limit the bills to reorder them in the queue to accommodate displayed, the ability to include or exclude any bill, urgent payments. as well as alter the amount for partial payments Once the payment file is generated, you can (except refunds). You can also choose whether to roll back changes, select one or more payments make separate payments for each bill, group bills to reverse or simply recreate the file. Payment with a single payment per vendor or add your reversals put you in control with the ability to set own supplementary grouping to ease reporting the date and period for the reversal, to simplify and reconciliation. month-end procedures. It gives you flexibility to The solution includes sophisticated pagination set individual reason for reversal and stored in options to simplify working with large data sets by memo field to further simplify reconciliations. controlling the number of transactions displayed A notification capability allows you to email on each page, as well as enabling you to move payment notification directly from the solution. back and forward through pages without You can send a single message to everyone about losing settings. to be paid or tailor the message at the individual Direct Debits (DD) payment level if required. Electronic Bank Payments supports automatic Senders can change the default recipient customer collections (direct debits) to settle and add additional recipients in To, CC and outstanding invoices with the same power and BCC fields. Email templates are available and flexibility that you use to pay vendors customizable, enhancing the payment notification and employees. process and communication. Payment Management Approval Routing The capabilities of Electronic Bank Payments Manage approval workflows to obtain required don’t stop when you complete your selection of authorization, and route payment-batches for bill and expenses to pay. You can enable payment approval automatically to multiple approvers. Each approval routing and automatically route payment approver will get an email notification alerting batches for approval to multiple approvers. them that they need to review and approve payment batches.

© Oracle | Terms of Use and Privacy Page 2 Instant Electronic Bank Payment Worldwide Bank Support File Creation Electronic Bank Payments is globalized to support Instantly generate payment files from payment more than 50 bank formats. Users of the licensed transactions that have been tagged for Electronic version of Electronic Bank Payments can also Bank Payment. This functionality supports EFT bill create their own templates to extend coverage if a and DD customer payments. suitable template is not available as standard. Positive Pay Language Support Electronic Bank Payments provides support for Electronic Bank Payments is globalized to support Positive Pay file generation. This feature provides different languages. Screen elements, field anti-fraud capabilities by enabling you to notify level help, error messages, warning messages your bank of the amount and payee for all checks and email notifications can be viewed in your you have issued. Providing this information to your preferred language. bank before checks are presented for payment SuiteTax allows the bank to confirm that the check details Electronic Bank Payments supports NetSuite have not been altered. Electronic Bank Payments SuiteTax. Depending on the payment template, Positive Pay functionality also includes details of the Electronic Bank Payments solution uses voided checks so that these are blocked by the the tax information on the entity record when bank to further enhance security. processing payments and generating bank payment files.

Supported Countries and Formats for EFT

Country EFT Formats Country EFT Formats ABA Czech ABO ANZ (ANZ Bank) Republic SEPA Transfer (HSBC Bank) ASB (ASB Bank) CFONB BNZ () SEPA Credit Transfer (ABN AMRO Bank) France SEPA () Pain.001.001.02 SEPA Credit Transfer (France) Austria SEPA Credit Transfer (Austria) SEPA Credit Transfer (HSBC Bank) SEPA Credit Transfer (HSBC Bank) DTAUS CIRI-FBF DTAZV SEPA Credit Transfer () SEPA Credit Transfer () Belgium Germany SEPA Credit Transfer (ABN AMRO Bank) SEPA Credit Transfer (Austria) SEPA Credit Transfer (HSBC Bank) SEPA Credit Transfer (ABN AMRO Bank) Brazil CNAB 240 SEPA Credit Transfer (HSBC Bank)

ACH CCD/PPD (NACHA) HSBC ISO 20022 (Hong Kong) ACH - CTX (Free Text) (NACHA) Hungary Raiffeisen Domestic Transfer (Raiffeisen Bank) Canada CPA - 005 () BACS - PNC ActivePay (PNC Bank) Ireland SEPA Credit Transfer (Bank of Ireland) SEPA Credit Transfer (HSBC Bank)

© Oracle | Terms of Use and Privacy Page 3 BACSTEL-IP (NatWest Bank) UoB - BIB-IBG () UOB pain.001.001.03 GIRO, FAST and CBI Payments Domestic Payments Singapore JP Morgan Singapore pain.001.001.03 Low and High Value Italy SEPA Credit Transfer (CBI) Domestic Payments Bank Singapore iPayment CSV GIRO and SEPA Credit Transfer (HSBC Bank) Domestic Payments Zengin South Africa Zengin XML1 AEB - Norma 34 ABBL VIR 2000 Spain SEPA Credit Transfer (ABN AMRO Bank) SEPA Credit Transfer (ABN AMRO Bank) SEPA Credit Transfer (HSBC Bank) Luxembourg SEPA Credit Transfer (HSBC Bank) Bangkiro (SEB) SEPA Credit Transfer (Luxembourg) Plusgiro (SEB) SEPA Credit Transfer (SEB) Mexico Banamex Mexico BACSTEL – IP (internet service variation of BACS) XML Domestic Transfer 1 BACS – Albany ALBACS-IP (Albany ePAY Bureau) Citibank Malaysia XML International Transfer 1 BACS – Bank of Ireland Malaysia Malaysia 2E-RC Domestic Transfer 1 BACS – Bank of ( PLC) Maybank Malaysia 2E-RC International Transfer1 BACS (standard 18) Equens - Clieop HSBC Faster Payments SEPA Credit Transfer (HSBC Bank) HSBC UK CHAPS

SEPA Credit Transfer (Netherlands) United HSBC UK BACS ABA Kingdom HSBC BACS or Faster Payments ANZ (ANZ Bank) SVB BACS New Zealand ASB (ASB Bank) SVB CHAPS BNZ (Bank of New Zealand) SEPA Credit Transfer (ABN AMRO) Deskbank ( Bank) SEPA Credit Transfer (HSBC) XML Domestic Transfer 1 SEPA Credit Transfer (SVB) Citibank Singapore XML International Transfer 1 SVB Faster Payments Citibank Singapore XML GIRO 1 SVB BACS or Faster Payments DBS - IDEAL (DBS Bank) ACH CCD/PPD (NACHA) Singapore DBS Singapore Ideal 3.0 Universal File Format ACH - CTX (Free Text) (NACHA) Domestic Transfer1 United DBS Singapore Ideal 3.0 Universal File Format States CPA - 005 (Royal Bank of Canada) International Transfer 1 HSBC ISO 20022 (Singapore) PNC ActivePay (PNC Bank)

1 To enable these payment formats in Electronic Bank Payments, you must install the localization SuiteApp based on your account’s country of operation.

© Oracle | Terms of Use and Privacy Page 4 Supported Countries and Formats for EFT options. For accounts with Localization

Country Direct Debit SuiteApps installed, local payment formats are Australia ABA DD automatically enabled based on your account’s France SEPA Direct Debit (ABN AMRO) country of operation. DTAUS DD Germany • Multi-Currency Processing: Powerful multi- SEPA Direct Debit (Germany) currency capabilities make it easy to pay CBI Collections Italy SEPA Direct Debit (CBI) suppliers, refund customers and debit customer Luxembourg SEPA Direct Debit (ABN AMRO) payments across the globe in a single payment Netherlands SEPA Direct Debit (ABN AMRO) run (with banks supporting this capability). DBS - IDEAL DD (DBS Bank) Additionally, you can set exchange rates to be Singapore UoB - BIB-IBG DD (United Overseas Bank) used for each currency to match those used by Spain SEPA Direct Debit (ABN AMRO) your bank to save time when reconciling your BACS DD bank statements. ACH - PPD (NACHA) • Automated Payment Batch Creation: Positive Pay Formats Automatically create batches of payments BoA/ML ( Lynch) matching your selected criteria and create RBC (Royal Bank of Canada) different payment schedule to auto-create the SVB - CDA (Silicon Valley Bank - Controlled Disbursement Accounts) payment batches. This functionality includes a payment dashboard that shows you how many International Formats batches are available for processing, the number International Formats Available With Advanced Electronic of bills in each and the total batch value. Bank Payments JP Morgan Freeform GMT2 • Custom Template Support: Create your own 2 MT103 payment file templates to add support for new banks or to tailor the existing templates. Advanced Electronic Bank Payments Unlock the enhanced features of the standard • SuiteCloud Plus Support: Users with SuiteCloud version with the Advanced Electronic Bank Plus License can configure Electronic Bank Payments License. This license expands on the Payments to use multiple parallel script queues functionality in the basic version with more power, to process payments, at the same time to tailor flexibility and additional capabilities that include: performance to their needs and scale as the business grows. • Worldwide Format Support: Access all available payment templates without being restricted by geography and provide overseas subsidiaries with the same powerful payment processing

2 Multi-currency bank formats

© Oracle | Terms of Use and Privacy Page 5 Which Version Do I Need? Licensed Electronic Bank Payments: Upgrade to The standard version can be used on either a Advanced Electronic Bank Payments License to single instance of NetSuite or NetSuite OneWorld. gain access to powerful features. Users have access to more than 50 payment formats Upgrade to the subscription-based licensed supported by NetSuite and can also create their version to experience the advanced features of own templates. Advanced Electronic Bank Electronic Bank Payments. Payments subscription license is required when Standard Electronic Bank Payments (free): Can subsidiaries are in more than one country, and be installed in either a single instance of NetSuite you want to make payments. You would also need or in NetSuite OneWorld (but can only be used to it for single-instance accounts when multiple make payments in a single country). nexuses are in operation and payments must be made to banks in other countries. The country is defined by the NetSuite edition or company address for a single instance or by Installing Electronic Bank Payments is required the company address of the parent company before purchasing the advanced Electronic Bank for OneWorld. If you run OneWorld with all your Payments subscription license. subsidiaries in the same country, you can use this version as well. However, you should consider the advantages of the advanced features in this scenario.

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