iCA ePayables
For Customers that require a seamless way to pay bills to many different banks, iCloudAuthority ePayables Module will create the appropriate file to your banks specifications.
Deployed inside NetSuite, the ePayables module is quickly and easily configured to capture Vendor information and pay All Vendor bills simultaneously. No more cutting checks or running to the bank to do wires or transfers. No more paying 3rd Party Online Payment Processors to remit money to Vendors.
Key Benefits
iCloudAuthority’s ePayables module is designed to make your AP Process more Streamlined while using NetSuite Native User interfaces. Save Money, Resources Costs and Time by simplifying the Payment Process. Key Benefits to using ePayables:
- Pay Vendors Using Check, Credit Card, Domestic and International ACH and Domestic and International Wires.
- Submit one Payment Request for every Vendor no matter what Payment Method or number of transactions.
- Each Vendor Bill that is Paid, ePayables automatically creates a Vendor Payment and attaches to the Vendor Bill for Tracking.
- All Configuration and Backup files are stored within NetSuite which makes ePayables a true cloud application.
Companies that have deployed the above solution have experienced savings in:
- Overall Transaction Costs; especially for Wires and ACH payments.
- Time required to process transactions. Each time a Check, ACH, Wire or Credit Card payment is required, AP Staff need to gather the information, electronically log into another site or manually process at the bank. Then rekey the information back into NetSuite.
- Reduce Resources required to manage Vendors and Payments moving forward.
Customer Quote
“Even on the first check run, I remember being just floored: ‘Wow, we just sent out fifty, sixty checks and five wires at a click of a button.’ It’s effortless.”
– Matthew Neal | LYTX Accounting Manager
Implementation
We engage directly with each bank to implement the ePayables Solution. Our team works directly with you and the bank during the process of requirements gathering, validation and deployment.