Let's Gel Testimonial
Effortlessly automate the transfer of payment files between NetSuite and leading banks, simplifying financial operations such as vendor payments and employee expense reimbursements. Eliminate manual processes, reduce errors, and ensure timely transactions for smoother financial workflows.
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Initiate Payments
Use a custom Suitelet in NetSuite to select and approve bills or expenses for payment.
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Process Data
Our custom script creates vendor payment records and validates key details. Vendor prepayments require manual bill creation post-bank processing.
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Generate Payment File
NetSuite creates bank-compliant files with bank details, amounts, and references.
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Transfer to Bank
Files are securely sent to the Middleware Server for bank processing.
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Bank Actions
The bank approves or rejects payments based on validations.
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Reverse Files
Batch status updates automatically, with rejection files ready for reprocessing.
NetSuite's default Electronic Bank Payments (EBP) module doesn’t support Indian banks, but Tvarana bridges this gap with a fully customized solution. Designed specifically for Indian businesses, our integration connects NetSuite with leading Indian banks like ICICI, HDFC, and Kotak.
Our solution automates every step, from payment initiation to secure file transfers and real-time status updates. With just one click, you can generate, validate, and transmit bank-compliant payment files, saving time while reducing errors.
Tvarana’s integration ensures secure file transfers and compliance with bank protocols, minimizing risks. Plus, our solution is scalable, supporting accounts receivable (AR) processes alongside accounts payable (AP), helping you grow seamlessly.
See the impact of our SuiteApps on real business results.
Bank Integration is a custom solution that automates financial transactions between NetSuite and Bank (ICICI, HDFC, Kotak ). It enables seamless processing of payments, reconciliations, and secure file transfers.
The integration supports multiple payment types, including:
- Vendor Payments
- Employee Expense
- Reimbursements
- Vendor Prepayments
Once a payment batch is approved in NetSuite, the system automatically generates the payment file and transfers it to the ICICI/Kotak/HDFC Bank server via SFTP & using AWS Lambda URLs.
If the Bank rejects a payment file, the integration provides a status update. Users can review the reason for rejection and reprocess the payment by following the same procedure.
Yes, the system captures outbound and reverse files from ICICI Bank and updates the batch status accordingly. This ensures real-time reconciliation of transactions.
The FAM module offers pre-built reports such as:
- Asset Listing
- Depreciation Schedule
- Asset Disposal Summary
- Asset Revaluation
FAM automates depreciation using methods like Straight-Line, Double-Declining Balance, and Sum-of-the-Years-Digits.
Yes, users can review and approve payment batches before files are generated and transmitted. They can also manually reprocess failed transactions.
Yes, payment confirmations and transaction status updates are automatically captured and stored in NetSuite for auditing and reporting.
If you experience issues, check the following:
- Ensure the batch is approved.
- Verify SFTP/AWS connection settings.
- Review error messages in the batch status.
- Contact support if the issue persists.
The FAM module offers pre-built reports such as:
- Asset Listing
- Depreciation Schedule
- Asset Disposal Summary
- Asset Revaluation
FAM automates depreciation using methods like Straight-Line, Double-Declining Balance, and Sum-of-the-Years-Digits.
Yes, users can access previously transmitted payment files from NetSuite records and re-download them if needed.
Yes, the integration maintains a log of all processed transactions, including timestamps, statuses, and related documents, ensuring full traceability.
Yes, additional customizations can be made to meet specific business requirements, including report modifications, additional approval workflows, and integration with other banking partners.
The FAM module offers pre-built reports such as:
- Asset Listing
- Depreciation Schedule
- Asset Disposal Summary
- Asset Revaluation
FAM automates depreciation using methods like Straight-Line, Double-Declining Balance, and Sum-of-the-Years-Digits.
Update the vendor’s bank details in NetSuite, and the integration will use the updated information for subsequent transactions.
The standard NetSuite FAM module lacks automation for CWIP conversion. Tvarana's custom solution automates the conversion of assets from CWIP and vice versa, reducing manual input and improving financial accuracy.
NetSuite’s standard FAM module only supports basic asset categorization. Tvarana has customized the system to allow sub-categorization of assets, improving asset grouping and reporting.
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