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Home NetSuite Apps Suiteapp Native iCloudAuthority ePayables for NetSuite
Tipalti Multi-Subsidiary AP Automation and Global Payments
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NetAsset by Netgain - Advanced Fixed Asset Management

iCloudAuthority ePayables for NetSuite

Status: Unverified

ePayables Module (baas) Banking as a service Pay all Vendors in 30 seconds flat with iCloudAuthority ePayables. A Built for Netsuite (BFN) Application which works exactly like the Pay Bills native screen in NetSuite. Pay all your Vendors easily by selecting the bills you want to pay and credits you want to use and selecting save. The appropriate bank file will be created instantaneously for you to upload to the bank or use the iCA eConnector SFTP Tool to send the file automatically. The ePayables module supports Checks, Domestic ACH, International ACH, USD Wire, International Foreign Exchange Wire, Credit Card/AP Control and Zelle Pay. Our interface is simple to use and we can cut down on your processing and transmission time immediately. ePayables can be implemented in a few weeks and is a turn-key solution.

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  • Description
  • FEATURES
Description

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:

  1. Pay Vendors Using Check, Credit Card, Domestic and International ACH and Domestic and International Wires.
  2. Submit one Payment Request for every Vendor no matter what Payment Method or number of transactions.
  3. Each Vendor Bill that is Paid, ePayables automatically creates a Vendor Payment and attaches to the Vendor Bill for Tracking.
  4. 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:

  1. Overall Transaction Costs; especially for Wires and ACH payments.
  2. 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.
  3. 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.

FEATURES

Pay All Vendor Bills Electronically

Select the Bills that you would like to pay. Click on Save and the Bills are automatically paid and a file is generated to send directly to the bank either manually or by using the iCA eConnector Tool.

All Payment Methods Included

Pay your Vendors using a multitude of different payment methods. Choose from Check, Credit Card, Domestic ACH, International ACH, Domestic Wire and International Wire. Create one file to pay all you Vendor simultaneously by Subsidiary. (if using One World)

Significant Cost Savings

Reduce Company AP processing by up to 95% by reducing administration of Checks, Credit Cards, ACH and Wire Payments.

Reduce the cost per transaction by using bulk electronic payments.

Native NetSuite Functionality

The Vendor Payment Module bundle is directly installed inside of NetSuite and DOES NOT communicate externally. All data is resident and persistent in NetSuite so your data is always protected by NetSuite.

No need to worry about your data being transmitted beyond the NetSuite Application or multiple points of failure by using any middleware.

Quick and Easy Implementation

Quick and Simple installation and configuration to meet your business payment requirements. Typically, the Vendor Payment Module can be implemented from start to finish in approximately 2 to 3 weeks.

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