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Bank Feed Automation via Plugin

This tool helps to automate the import and reconciliation of bank transactions in NetSuite using a customizable parser plugin. Supports multiple banks and accounts for streamlined financial operations.

  • SKU :PDNSBFI01
  • Last Update :October 2025
  • Support for :NetSuite
  • Implementation time :5 Business Days

Bank Feed Automation via Plugin

Overview

Custom Bank Feed Integration & Parser Plug-in for NetSuite

A custom solution to automate daily bank feeds from the Bank into NetSuite daily using the SFTP (Secure File Transfer Protocol) Plug-in, overcoming limitations in the native integration. The solution is designed to be extensible to support multiple accounts, improving operational efficiency and accuracy. Users can also customize the execution time for automated imports to fit their operational schedules. 

Features

Automated Daily Bank Statement Import via SFTP Plug-in

Seamlessly import and reconcile bank transactions in NetSuite from banks daily using the SFTP (Secure File Transfer Protocol) Plug-in. The plugin automates data mapping, transaction creation, and error handling, reducing manual effort and improving financial accuracy.
Automated File Upload

The SFTP Connectivity Plug-in automatically retrieves and uploads bank statement files into NetSuite on a daily schedule. This feature removes the need for manual intervention, ensuring that statement files are fetched from your bank and imported seamlessly without user action.

Multi-Account Support

Easily configure and manage feeds for multiple bank accounts within a single NetSuite environment.

Automated Transaction Matching

Automatically matches imported transactions to existing NetSuite records using configurable rules, streamlining reconciliation.

Customizable Execution Time

Users can set or adjust the schedule for automated bank statement imports, ensuring the process runs at the most convenient or optimal time for their business operations.

Conditions Apply

Implementation Considerations & Limitations

  • Accurate mapping of bank accounts to NetSuite G/L accounts is required.
  • Plugin updates may be needed for changes in bank file formats.
  • Bank statement files must be provided in BAI2 format.
Benefits

Streamline Bank Reconciliation and Financial Operations in NetSuite

Automates daily bank data imports, reduces manual workload, and improves reconciliation accuracy. The plugin’s extensible design supports evolving business and banking needs.
Save Time and Reduce Manual Effort
  • Eliminates manual CSV uploads.
  • Automates transaction creation and matching.
  • Accelerates month-end closing
Improve Data Accuracy and Compliance
  • Reduces errors from manual entry.
  • Maintains audit trails.
  • Ensures timely and accurate financial data
Support for Multiple Accounts
  • Handles multiple bank accounts.
  • Supports custom mapping and reconciliation rules
Fully Integrated with NetSuite UI
  • Seamless user experience within NetSuite.
  • No need for third-party middleware.
  • Configurable and easy to maintain
FAQ

Frequently asked Questions

Does the plugin support multiple file formats?

The current version supports the BAI2 file format. Support for additional formats can be considered in future updates.

Can I customize the time when the bank feed imports run?

Yes, you can set or change the execution schedule for automated imports to match your business needs.

How are errors and mismatches handled?

The plugin provides detailed error logs and notifications, allowing users to quickly identify and resolve issues.

Does the plugin support multiple accounts in banks?

Yes, it is possible to handle multiple bank accounts.

Can I monitor the status of SFTP file transfers and imports?

Yes, the plugin provides logs and notifications for each file transfer and import, allowing you to track successful uploads and quickly identify any issues.