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Introduction

Open banking is becoming an absolute necessity in the contemporary business world, enabling third-party developers to build applications and services around financial institutions.

Banks are now releasing their data in a secure, standardised form, so that it can be shared more easily between authorised organisations online, thanks to the Payment Services Directive (also known as PSD2).

Novutech’s ConnectoBank bundle leverages banking APIs and delivers services and a range of features in a fully secure way, in order to conduct transactions between banks and NetSuite customer accounts via the NetSuite platform.

We work with various financial data-aggregation companies to get the best bank coverage, via our Novutech ConnectoBank Bundle.

We partner with the most innovative companies when it comes to reliability and bank coverage!

 

 

 

Objectives

  • Are you tired of dealing with multiple format issues, like MT940, CAMT.053, CODA or SEPA? Don’t worry about formatting issues anymore with our state-of-the-art integration.
  • Did you know that, on average, it takes about 150 hours to extract bank statements and push them into the ERP per bank per year.
  • Keep your banks and NetSuite updated together at all times with real-time connectivity, thanks to real-time updates.

Features

  • Automatically import your latest bank statements overnight and easily balance your bank statements daily via AIS
  • Works with both Fast Four Bank Reconciliation and Standard NetSuite Reconcile Account Statements
  • View your account information and bank balances without leaving your ERP system
  • Cash-flow reporting based on actual bank transactions
  • Make payments directly from NetSuite via PIS

Our others NovuPacks

Novutech has developed a bunch of accelerators that tackle most of the pain points our NetSuite customers experience.

ConnectoBank

Discover our Bank Connectivity solution with Isabel and Ponto to download bank statements in your NetSuite account in full reliability and push payments files into your banks in one click.

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Dunning

Discover our tailor-made, flexible and ready-to-use SuiteSolution Dunning Pack.

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Localisation France

Discover our SuiteSolution France Localization Pack that offers additional solutions to better meet legal and accounting compliance for French GAAP processes, in addition to what NetSuite offers in the standard functionalities and localization bundle.

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Localisation Belgium

Discover our SuiteSolution Belgium Localisation Pack that offers additional solutions to better meet legal and accounting compliance for Belgian GAAP processes, in addition to what NetSuite offers in the standard functionalities and localization bundle.

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New Releases Updates & Recommendations

Discover our the most recent NetSuite releases via our structured and ready-to-learn pack.

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Intercompany Management

Our SuiteSolution Intercompany Pack within NetSuite.

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