Bank Export – secure handling of outgoing transfers in Oracle NetSuite

Bank Export allows the generation of an XML file with payments directly from the NetSuite system. All transactions for payment can be processed directly within NetSuite (purchase invoices, sales corrections, journal entries). For added security, payments sent to the bank are flagged in the system, ensuring that no operation is duplicated. This functionality also supports generating payments using the SPLIT PAYMENT mechanism and handles all currencies defined within the system.

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Advantages of the solution

Bank Export is a modern solution enabling secure and efficient handling of outgoing transfers within the Oracle NetSuite system. Through process automation and integration with banks, it ensures time savings and minimizes the risk of errors.

Comprehensive Automation of Company Payments

Payments for invoices, Split Payment transfers, supplier settlements, and customer refunds can be processed directly from accounting records, ensuring efficient financial management, compliance, and reduced errors.

Simplification of Financial Processes

Automatic entry of transfers into the banking system, with built-in security mechanisms that verify the correctness of bank data.

Centralization of Financial Operations

Easy reporting and analysis of cash flows by consolidating all operations in one place – from financial control of the status of each payment to the transaction history. This ensures better visibility, control, and efficiency in managing financial operations.

How it works?

Start

Start the transfer export by selecting the "Export to Bank" option in the support menu. Define your needs by filling out the filters – they will help you quickly find exactly the payments you’re looking for.

File generation

Based on your selections, you will see a list of payments to be processed. Review it carefully – if you notice any errors, you can easily correct them. Once the list is ready, select the transfers you want to export and click "Generate file." Remember, the system will only include items that are error-free. Formal errors (e.g., missing VAT number for a SPLIT PAYMENT transfer) will be marked in the results list, making them easy to identify and correct directly from the list.

Payment status

For your safety, the system will automatically mark exported payments with a special status, preventing accidental duplicate transfers. However, if you need to export a payment again, simply change its status manually.