Enriched Bank Data for Transaction Matching
The Enriched Bank Data feature uses generative AI to improve how imported bank transactions are matched to your general ledger transactions in NetSuite. By extracting entity information from each transaction, this feature provides more accurate and efficient matching, especially for ambiguous or previously unmatched transactions.
Although this feature improves bank matching accuracy, AI-assisted results can be erroneous and should always be verified. Review your matches as needed and consider additional business context before finalizing reconciliation.
You need the same permissions required to access the Match Bank Data page and to perform bank data imports. For details, see Permissions for Banking Features.
This feature is enabled by default and can be turned off and on from the Accounting subtab on the Enable Features page at Setup > Company > Enable Features.
How the Feature Works
When you import bank data, the following occurs in sequence:
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Generative AI automatically tries to extract the entity from the memo and payee/payor fields on bank transactions.
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All system and custom matching rules run to try to match transactions. This process doesn't use the enriched entity.
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Any imported transactions that remain unmatched are run through the enrichment-based matching process using the following criteria:
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Exact amount
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Date within 7 days
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Enriched entities, comparing the entity extracted from the bank transaction to the memo and name fields on the general ledger transaction
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For performance reasons, enrichment-based matching only runs for up to 10,000 unmatched transactions per reconciliation rule run. If you have more than 10,000 potential enrichment-based matches, you can re-run reconciliation rules multiple times to continue matching additional transactions using enriched entities.
Enriched-based matching also runs when you manually run reconciliation rules. For more information, see Manually Running Reconciliation Rules.
What You'll See
When a match is made using an generative AI extracted entity, a multicolored vertical line appears next to the matched transaction on both the Match Bank Data and Reconcile Account Statement pages. You'll also find a legend below the grid explaining what the multicolored vertical bars mean. In the match details popup, a message at the top explains that generative AI helped create the match.