Bank feeds allows businesses to connect to thousands of financial institutions across North America, Europe, Asia, and New Zealand, and automatically import bank and credit account balances and transactions history into NetSuite.
- Automate bank account management and reconciliation.
- Create and post transactions automatically from imported bank data.
- Up-to-date data that allows financial managers to make informed decisions about how and when to allocate cash.
- Improved tracking of payments, credit card charges and bank balances helps ensure financial resources are being used for the good of the company.
- Regular reconciliation of bank and credit card transactions makes balancing the general ledger easier, saving time during the close process.