Electronic Payments

ELP1_NS_TN

Cost reduction is one of the main reasons why organisations choose to invest in electronic payment of suppliers and employees.  Nolan Business Solutions Electronic Payments for NetSuite provides this facility directly from your existing NetSuite system, thereby vastly reducing administrative overhead and payment processing costs. 

 
Electronic Payments for NetSuite enables businesses to define formats required by their banking software and to create output files containing the instructions to pay their suppliers. User definable formats allow companies to define an unlimited number of export definitions, as well as complicated bank definition and custom fields can be included in the file definition.
 

Electronic Payments for NetSuite features

Electronic Payments for NetSuite is fast, convenient and simple to use.

  • Manage the whole process from a single tab in NetSuite
  • Supports different file formats
  • User definable file export formats
  • Full audit trail
  • Payment cancellation process
  • Supports multi-currency
  • Reduced payment processing expenses
  • Prevents double-entry of critical payment details

 

Lower administrative and payment processing costs

Nolan Business Solutions Electronic Payments for NetSuite is an efficient and effective way to lower administrative and payment processing costs. Directly integrated with your standard NetSuite system, it significantly reduces the time and cost taken for the payment of suppliers and employees.
 

SEPA - 'SIngle Euro Payment Area'

SEPA is a European initiative created by the European Commission and the European Central Bank. The purpose is to create an integrated payments market across 34 European countries.
 
What does SEPA mean for my business?
The biggest changes you will see as a business are:
                • Your account number and sort code will be replaced by the IBAN and BIC numbers
                • The file formats of your payments will change to the new SEPA ISO 20022 standard
                • Electronic payments within the SEPA area will be easier and happen much quicker.
                • You will only need one account to send and receive payments across the SEPA zone
 
What will be affected?
SEPA is concerned with transactional information, this means that your Electronic Payments SuiteApp can be affected by the change. If you haven't yet, contact us to get your electronic payments updated to make sure that the switch over is seamless.
 
Which countries will this affect?
All 28 EU countries will be affected with the addition of the EFTA (Iceland, Liechtenstein, Norway and Switzerland), Monaco and San Marino


Nolan Business Solutions product downloads are subject to Nolan Business Solutions License Agreement. By downloading software of Nolan Business Solutions from this site, you agree to the Nolan Business Solutions License Agreement terms and conditions.
The free trial downloads can be installed without registration keys for trial purposes. When running without keys, the product will only work in the sample company. If you have questions about our SuiteApps Add-On price or would like to test our products on your company databases, please contact our sales team for 30-day registration keys.



SuiteApps Add-On by: Nolan Business Solutions - NetSuite Solutions Provider
Product Categories: Nolan Business Solutions Products, NetSuite Add-On Solutions, NetSuite Products, NetSuite SuiteApps


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