Celigo Vendor Payment Manager makes Accounts Payable processes more efficient by automating FTP transfers of vendor payment files from NetSuite to banks, and corresponding acknowledgements and summary files from banks to NetSuite. By automating these types of file transfers, companies can reduce operating costs, strengthen vendor relationships, and improve compliance with internal controls. Companies can also easily scale without adding more staff as the number of payments or vendors grow. Since Vendor Payment Manager is an out-of-the-box application, companies gain fast time-to-value.

Celigo Vendor Payment Manager makes Accounts Payable processes more efficient by automating FTP transfers of vendor payment files from NetSuite to banks, and corresponding acknowledgements and summary files from banks to NetSuite. By automating these types of file transfers, companies can reduce operating costs, strengthen vendor relationships, and improve compliance with internal controls. Companies can also easily scale without adding more staff as the number of payments or vendors grow. Since Vendor Payment Manager is an out-of-the-box application, companies gain fast time-to-value.

Eliminate Manual Payment File Transfers Between NetSuite and Banks

Vendor Payment Manager makes Accounts Payable processes more efficient by automating FTP transfers of vendor payment files from NetSuite to banks, and corresponding acknowledgements and summary files from banks to NetSuite. By automating file transfers, companies can reduce operating costs, strengthen vendor relationships, and improve compliance with internal controls. Companies can easily scale without adding more staff as the number of payments or vendors grow. Since Vendor Payment Manager is an out-of-the-box application, companies gain fast time-to-value.

Key Benefits

  • Gain improved visibility on operating capital by fast tracking A/P payments
  • Gain peace of mind with industry standard security options (PGP encryption, signing, SFTP)
  • Transfer payment files to banks via secure host-to-host connectivity
  • Improve vendor satisfaction with timely, error-free payments
  • Achieve fast time-to-value with prebuilt, out-of-the-box application.

How it Works

Collect Payment Files

  • Once the user has created the Vendor Payment files within NetSuite they will be picked up by Vendor Payment Manager from the NetSuite File Cabinet.
File Transfer
  • Once the file is ready, it is transferred over a secure channel via FTP/SFTP to the Bank.
  • The transfer related activity is logged on the dashboard with details like the file name, timestamp, host server etc.
  • If required the outgoing files can also be encrypted using bank-standard PGP encryption algorithm.
Post-Transfer Action
  • Based on the user’s choice the outgoing file is either archived, deleted or marked as processed.
Saved Search Flows
  • This option allows the users to directly utilise the NetSuite Saved Searches to generate a CSV file and transfer to the bank’s FTP server. Certain features mentioned above may not be applicable to the Saved Search option.

Automated Accounts Payable File Transfers

  • Schedule your accounts payable files for automated transfer or do it on-demand.
  • Utilize NetSuite’s Saved Searches to automatically produce your own CSV payment file to meet specific a requirement.
  • Receive automatic notifications in case of a failure.
  • Out-of-the-box support for various file formats for ACH, Wires and Checks.

Bank Connectivity

  • Utilize the secure Host-to-Host connection between NetSuite and Bank.
  • Connect to multiple banks based on your subscription plan.

Industry Standard Security

  • Secure your accounts payable files with inbuilt PGP encryption algorithm.
  • Easily sign your files and ensure integrity with a simple setting.
  • If required, you can decrypt the inbound bank acknowledgements or payment summary files with similar ease.
  • Use SFTP to transfer the files for secure file transfer.

96

Celigo offers integration solutions that enable applications to work together as one, in a way that is easy and simple. Thousands of companies rely on Celigo to synchronize data, automate processes, and streamline operations by integrating their cloud applications. Celigo’s integrator.io iPaaS platform offers a simple and powerful platform through a guided user interface, integration templates, and other tools that empower both business users and IT to easily integrate any cloud applications. Built on integrator.io, Celigo also offers Integration Apps (previously known as SmartConnectors), a suite of prebuilt, fully managed integration applications for popular cloud applications, including NetSuite, Salesforce, Shopify, Amazon, Zendesk, and many others. Click the "Contact Me" button to learn more.

Ratings & Reviews

Be the first to write a review