Global Banking
Karthikeyan Sundaram
Karthikeyan Sundaram
January 18, 2025

Enhancing NetSuite capabilities with Finofo

Automate AP workflows with Finofo and NetSuite: Sync bills, pay in bulk, and reconcile transactions effortlessly in real-time.
Enhancing NetSuite capabilities with Finofo

Picture this: It’s month-end, and your AP team is managing hundreds of global supplier payments. Bills are uploaded to NetSuite, entries are logged, and now the most tedious part begins: processing and reconciling payments across multiple banking platforms and currencies. Sound familiar? Finance departments spend up to 520 hours annually on manual AP tasks—hours that could be saved with the right tools. Additionally, this 2025 report shows 56% of respondents spend over 10 hours each week processing invoices and managing supplier payments.

Now, imagine this: With just a few clicks, you import all your supplier and bill information from NetSuite into a single platform. Select multiple bills across multiple currencies, process them all together in one go, and seamlessly push these transactions back to NetSuite, ready for reconciliation. Too good to be true? Not with Finofo. This is exactly what happens when you integrate NetSuite with Finofo's AP automation capabilities.

Over 39,000 businesses worldwide trust NetSuite for their core financial operations. When combined with Finofo, this powerful ERP system becomes even more efficient, transforming month-end payments into a streamlined, automated process that takes minutes instead of hours.

NetSuite: The preferred ERP for mid-market companies 

NetSuite is the go-to cloud ERP solution for mid-market companies across North America. Its intuitive interface simplifies financial operations like billing, revenue recognition, and reporting, ensuring accuracy and efficiency.

What sets NetSuite apart is its adaptability to diverse business needs. With high-performance multi-currency and multi-language support, it seamlessly integrates with essential tools, creating a cohesive system for businesses managing global operations.

The benefits of using Finofo with NetSuite

While mid-market businesses have excellent ERP options like NetSuite, managing global AP and AR processes remains a challenge. Many organizations rely on traditional banking platforms for global payments, which often lack two-way integrations with ERPs. This forces AP teams to handle manual tasks, reconcile fragmented workflows, and manage complex payment processes, adding to their workload.

Integrating Finofo with NetSuite completely bridges the gap between your ERP and banking platforms, automating AP workflows and enabling real-time global payment management. 

Importing bills and beneficiaries from NetSuite, uploading to Finofo, and syncing transactions back to NetSuite.

Finofo’s two-way sync with NetSuite

Finofo offers a no-code seamless two-way connection with NetSuite. You can enable effortless data flow between the two platforms - giving deep precision across your data sync in minutes. 

Beneficiary and bill imports from NetSuite to Finofo 

The Finofo integration with NetSuite allows you to quickly import and sync supplier, beneficiary, and upload information directly from NetSuite to Finofo. Large batches of suppliers and unpaid bills can be imported automatically, ready for payment. 

Finofo’s bulk payments

Once your bills are imported into Finofo from NetSuite, managing and processing payments takes just a few clicks. Hundreds of bills can be selected in bulk and paid together across multiple currencies.

For instance, imagine handling supplier payments in USD, CAD, EUR, and more. Instead of managing each payment or currency separately, Finofo lets you group them across beneficiaries, process them instantly, and ensure every transaction is accurate.

This efficient, streamlined approach eliminates the hassle of creating manual payment templates and repetitive manual processes. With Finofo, your AP team can shift focus to higher-value tasks, saving hours and boosting productivity.

Bank feeds: Push transaction records from Finofo to NetSuite

Finofo simplifies financial management by syncing all transactions, including currency conversions, card expenses, and supplier payments, directly with your ERP. This ensures your records are accurate, up-to-date, and ready for reconciliation.

All Finofo transactions are exported to your ERP every 60 minutes, ensuring your financial data is always up to date. 

With Finofo’s Bank Feeds, complete your AP workflow in under 15 minutes, streamline processes, and close books 10x faster - eliminating manual entry and month-end stress.

Unlock value with NetSuite and Finofo

If you’re already using NetSuite or considering migrating to it, Finofo is the perfect addition to your financial tech stack. Designed to complement NetSuite, Finofo transforms AP workflows, creates more powerful internal controls, mitigates error, and helps and accelerates operational capacity by giving back valuable time to AP teams. 

Enhance your NetSuite experience with Finofo and transform your AP operations. Open your Finofo account today to experience seamless integration and unmatched speed and precision!

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