SPPA BANK FIT is a powerful addition to NetSuite, designed to simplify the process of importing bank statements and generating related bank transactions. This module is particularly valuable for companies that are looking to enhance efficiency, reduce manual data entry and minimize errors associated with manual transaction creation.
SPPA BANK FIT
KEY BENEFITS
AUTOMATED TRANSACTIONS GENERATION
SPPA BANK FIT automatically generates bank transactions in NetSuite based on your imported bank statement lines, eliminating tedious tasks and reducing the risk of human error.
DIVERSE TRANSACTION TYPES
From Journal Entries and Bill Payments to Vendor Prepayments and Payments, SPPA BANK FIT handles creation of all these transaction types in NetSuite, ensuring comprehensive coverage of your financial transactions.
ADVANCED MATCHING RULES
With advanced matching rules, SPPA BANK FIT automatically assigns predefined data to imported bank statement lines, further automating the bank transaction creation process and enhancing overall accuracy.
MULTI FORMAT FILE SUPPORT
SPPA BANK FIT covers multicurrency XML (CAMT053.001.02) bank statement file format and single currency CSV bank statement file format. CSV bank statement import is currently supported to the following financial institutions: Wise, Revolut,Trustly Bank, Cledara Bank, Stripe Payouts, Mercury, Soldo (bank statements in CSV format can be configured to other financial institutions as well by a separate request).
ENHANCED RECONCILIATION CAPABILITIES
Possibility to automatically transfer via SPPA BANK FIT imported bank statements to NetSuite standard Match Bank Data functionality for bank data reconciliation ensures your financial records are always up to date and accurate.
INTUITIVE USER INTERFACE
With SPPA BANK FIT intuitive and easy to navigate interface, you'll be up and running in no time, maximizing productivity and minimizing training time.
Why Choose SPPA BANK FIT?
Enhanced Efficiency
Streamline the bank reconciliation process and improve overall financial efficiency by automating repetitive tasks.
Reduced Errors
Minimise the risks associated with manual transaction creation and data entry errors, ensuring the integrity of your financial data.
Cost Savings
By automating repetitive tasks and reducing manual intervention, SPPA BANK FIT helps you cut costs and improve your bottom line.