What is NetSuite Payment Management?
NetSuite payment management provides flexible options for making and receiving payments — that saves time, reduces processing costs and improves cash flow. Companies can use an already-integrated SuitePayments solution to accept customer payments via credit card, direct debit or one of the many payment services supported. Outbound payment features include online bill pay, ACH payments, direct deposit and other electronic funds transfer (EFT) options.
Because they’re electronic, credit card, debit and EFT payments are faster and more reliable than checks. There’s no paper to track, and funds are transferred quickly.
NetSuite Payment Management Features
SuitePayments provides comprehensive support for credit cards and other non-check options through integration with payment gateways and an extensive network of partners.
Electronic Bank Payments
Ensure timely, accurate payments from vendors, employees and sales partners with electronic funds transfer (EFT) options like ACH payments and direct deposit. Automate customer refunds, charge reversals and partial credits and improve collections with support for direct debit.
We decided to switch to NetSuite because we wanted a system to support where the business was going.
NetSuite Payment Management Benefits
See How NetSuite Can Help You With Your Role
Challenges NetSuite Payment Management Solves
Discover best practices and learn more about payment management from beginner to advanced levels.