Key Features

Payment Automation Dashboard

Get a complete overview of all bank and virtual card activity, and see the real-time account balances. Your company gains unprecedented visibility and control of your bank accounts and Virtual Cards.

Set up and manage account details, monitor the status of vendor payments, review transaction history, and keep track of current balances with daily and real-time updates.

Access the current bank balance, monthly statements, transaction history, payment status, and other account details.

Track the status of your payments. The payment status is continuously updated. For more information about payment statuses, see Overview of Payment Statuses.

For more information, see Payment Automation Dashboard.

Multiple Payment Options

You can pay your vendors with electronic payment (Automated Clearing House (ACH)), virtual card, and check. The vendor must accept these payment methods and the payment methods must be set up on the vendor record.

For information about onboarding vendors to use with Payment Automation, see Setting Up Vendors.

For information about supported modes of payment, see Payment Options.

Automated End-to-End Workflow

Payment Automation saves you time and effort by reconciling HSBC bank and Virtual Card accounts with NetSuite.

Bank and card data are automatically imported and matched daily, which simplifies the traditional tedious task of reconciling bank and Virtual Card statements. Payment Automation handles daily bank downloads, and automatically matches transactions to bank account details. Discrepancies are flagged for further review.

You can download monthly statements for your review within NetSuite. For more information, see the following topics:

Related Topics