Intelligent Payment Automation
Intelligent Payment Automation, powered by BILL (formerly Bill.com), lets you automate payments, manage vendor details, and bank account information within NetSuite.
Vendor payments can be processed in a faster, more secure, and efficient manner. Available forms of payment include checks, Automated Clearing House (ACH), and electronic payment forms such as virtual cards and wallet payments. All payments are processed using the BILL vendor network and you can track payment statuses in NetSuite.
The Intelligent Payment Automation SuiteApp is available only to organizations based in the U.S. with a valid U.S. address. It only supports payments to vendors operating in the United States.
For NetSuite OneWorld accounts, Intelligent Payment Automation supports multiple subsidiaries. You can create a separate BILL account and process payments for each subsidiary.
Intelligent Payment Automation also offers the following key benefits:
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Pay Only for Use of BILL Services – The Intelligent Payment Automation SuiteApp is free to install. Transaction charges from BILL apply to payments processed and their related payment services. For more information about fees from BILL, see NetSuite Intelligent Payment Automation powered by BILL.
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Seamless Onboarding – A user-friendly, three-step sign up process to start making automated payments.
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Trusted User Sessions – Ensure secure payments and reduce processing of unauthorized transactions.
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Payment Runs – Submit multiple payments in a single run, with built-in checks to ensure reliable payment processing.
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Payment Run Approval Routing – Define approval limits, approval levels, and the approval workflow for payments.
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Integrated Payment Solution – Process vendor payments faster. You can stay in NetSuite without using another application to enter payments details and process payments.
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Increased Transparency – Track payment status through payment processing stages.
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Early Payment Discounts – Use different payment options to simplify the process of paying suppliers. Take advantage of early payment discounts offered by suppliers.
Read the following topics to learn more about Intelligent Payment Automation and how to set it up: