Automate up to 90% of cash application for bank payments with Celigo’s Cash Application Manager. Customer payments made via Lockbox, wire transfers, or ACH are automatically and immediately applied against invoices in NetSuite. Reduce DSO, improve cash flow management, and gain real-time payment statuses with real-time A/R processing. Lower operating costs and human errors with hands-free processing. The prebuilt NetSuite integration does not require additional development so you can quickly implement Cash Application Manager and enjoy the benefits of automation without IT support.

Automate up to 90% of cash application for bank payments with Celigo’s Cash Application Manager. Customer payments made via Lockbox, wire transfers, or ACH are automatically and immediately applied against invoices in NetSuite. Reduce DSO, improve cash flow management, and gain real-time payment statuses with real-time A/R processing. Lower operating costs and human errors with hands-free processing. The prebuilt NetSuite integration does not require additional development so you can quickly implement Cash Application Manager and enjoy the benefits of automation without IT support.

Cash Application Automation

Minimize manual cash application processes with Celigo’s Cash Application Manager. Automate invoice matching against customer payments received from banks (i.e., Lockbox, ACH, wire transfers, credit cards). After your bank creates a file of payments received from your customers, Cash Application Manager automatically converts payments into NetSuite digital payments. Payments are then matched against invoices in NetSuite. This turnkey solution can be installed and configured without IT resources.

Key Benefits

  • Recognize revenues faster and accurately manage cash flow
  • Reduce operating costs by handling more payments with fewer staff
  • Reduce time spent on discrepancies, mismatches, and errors 
  • Improve customer satisfaction with real-time view of account balances 
  • Reduce time crunch spent on payment backlogs during month-end closing

Customer Quote

We can double in size right now, and we wouldn’t need to add anything to our accounting office.
- Aaron Kleinhandler, CEO, Spectrio

How It Works

Bank Payment Capture

  • Bank payment files are automatically and securely imported from the bank's FTP server to NetSuite
  • Digital payment transactions are automatically created in NetSuite for each payment in the file 


Cash Application and Exceptions Handling

  • Payments are matched against outstanding invoices
  • To account for mismatches and discrepancies, payments are categorized as:
    • Applied: entire payment matches invoice
    • Partially Applied: there is a partial match between payment and invoice
    • Unapplied: customer is in system but invoice does not exist
    • Unidentified: neither customer nor invoice exist


Tracking and Reporting

  • Cash Application Manager dashboard is accessible directly within NetSuite to view payments and resolve discrepancies
  • System dashboard shows the status of all bank file transfers with the ability to re-run data transfers

Automated Bank Payment Capture

  • Automatically import bank payment files into NetSuite and convert them into NetSuite digital payments 
  • If bank file provides credit memo information, automatically create credit memos in NetSuite
  • Use one or more accounts at one bank or across multiple banks

Automated Cash Application

  • Immediately apply customer payments to outstanding invoices in NetSuite
  •  Save time in handling discrepancies by automatically flagging unmatched payments
  • Use integrated dashboard to easily view payments and resolve discrepancies directly within NetSuite
  • Use pre-configured rules or easily create new rules for handling payments and discrepancies using a business rules engine

Easy, Fast Deployment

  • Out-of-the-box integration that does not require additional development
  •  Intuitive installation and configuration wizards to guide non-technical users

Powerful Management & Monitoring

  • Monitor payment file imports between bank(s) and NetSuite using integrator.io dashboard
  • View errors and re-run the file imports directly from the dashboard
  • Enable email alerts when connections go offline or data flows are interrupted

Celigo offers integration solutions that enable applications to work together as one, in a way that is easy and simple. Over 1,500 NetSuite customers trust Celigo to synchronize data, automate processes, and streamline operations by integrating NetSuite with any application.

 

Celigo’s integrator.io iPaaS platform offers a simple and powerful platform through a guided user interface, integration templates, and other tools that empower business users to easily integrate any cloud apps. Built on integrator.io, Celigo offers SmartConnectors, a suite of prebuilt, fully managed integration applications for popular cloud apps, including NetSuite, Salesforce, Shopify, Amazon, Zendesk, and many others. Visit www.celigo.com to learn more.

Ratings & Reviews

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Based on 7 Reviews

Most Helpful Reviews

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Satisfied Customer!

Very happy with the outcome of this project. The whole team at Celigo was always available for questions, and set up weekly check-in meeting to see how we were adapting to the lockbox subscription. The product itself was easy to follow for a first-time user. Thanks for everything!

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CEO

I have used lockbox products before and you never know how much time you are really going to save when you implement it. This implementation was great. We are matching 90%+ each deposit and it has saved us about an equal amount of processing time. The actual implementation was very easy and our cash application group was able to pick it up very quickly. We could not be happier

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A/R and Revenue Department

Very pleased with the product and customer service. Keep up the good work.

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Happy with the Product

We are very happy with the product, it works well and the support team is great if we need them. The implementation was very smooth and the team was great to work with. Very happy overall.

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Celigo - Lockbox

Saves us 1-2 hours a day from standard NetSuite Functionality

Love the dashboard.

Makes the cash application a lot simpler.

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Lock Box Connector

We have been using the connector for a few months now and haven't experienced any issues. Our users are very happy with the UX and functionality the product provides.

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Lockbox Connector - Cash Application

Implementation took about four months, which we considered a short period to accomplish our goal. Celigo Team was very responsive and eager to meet our needs. We would recommend Celigo for an effective integration for batch flow from your bank to NetSuite. Reduced Administrative work - we love the easy automatic transfer of bank files vs. manual process. Submission of support cases very simple using integrator.io dashboard.

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