Eliminate manual A/P 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 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.