DataSheet - ePrenotes for NetSuite

DATASHEET - iCA ePrenotes for NetSuite validates supplier ACH information stored within NetSuite before a payment is made to a supplier and simplifies the process to pay suppliers. Built inside NetSuite, ePrenotes promises to increase payment accuracy, reduce rejected payments, and increase vendor satisfaction.

HOW DOES IT WORK?

Step 1 - Select the suppliers to prenote. A file with the prenote information is generated directly from NetSuite.

Step 2 - Automatically, the prenote file is securely transmitted to your bank, per its required specifications through iCA eConnector.

Step 3 - Automated alerts from your bank notify you if any ACH information is invalid.

Step 4 - Prenote details are securely stored in NetSuite.

WHAT TO EXPECT?

• Automatically identifies suppliers requiring prenote verification within system
• Electronically submits supplier prenotes from
• NetSuite to your bank for verification
• Simultaneously verifies ACH information for as many suppliers as you choose
• Eliminates the need to manually validate supplier
• ACH information and reduces the time AP staff spend resolving rejected payments
• Safeguards all supplier ACH information by storing securely in NetSuite