FISPAN + NetSuite Integration

FISPAN embeds banking directly inside NetSuite -- initiate payments, view real-time balances, and reconcile transactions without switching to your bank's portal. It connects to major banks through real APIs, not file-based imports or screen-scraping.

Stop Logging Into Your Bank Portal to Move Money

Here's the typical AP workflow for most NetSuite customers: create a vendor bill, approve it, then switch to your bank's online portal to initiate the payment. Maybe download a BAI2 file from the bank, import it into NetSuite, and run matching rules to reconcile. Repeat daily.

FISPAN eliminates the context-switching. It embeds banking functionality directly into your ERP, so you can initiate payments, view real-time balances, and reconcile transactions without leaving NetSuite. Think of it as your bank living inside your accounting system rather than alongside it.

The platform works with major banks -- including BMO, Citizens, PNC, and others -- through direct API connections. It's not screen-scraping or file-based. Real bank APIs feeding real-time data into your ERP.

What We Build

Payment Initiation: Vendor bills approved in NetSuite can trigger payments directly through FISPAN. ACH, wire transfers, and in some cases checks all originate from within the NetSuite interface. Your AP team doesn't need separate bank portal credentials or manual payment file uploads. Payment status flows back into NetSuite so you can see when funds actually moved.

Real-Time Bank Feeds: Instead of downloading bank statements daily (or weekly, if we're being honest), FISPAN pushes transaction data into NetSuite throughout the day. This gives your treasury team actual real-time cash positions across all connected bank accounts.

Automated Reconciliation: Incoming bank transactions get matched to NetSuite records using configurable rules -- amount, date, reference number, vendor name. Clean matches get auto-reconciled. Exceptions get flagged for review. The goal is reducing your reconciliation queue to only the items that genuinely need human judgment.

Multi-Bank Consolidation: If you bank with multiple institutions (and most mid-market companies do), FISPAN aggregates all accounts into a single view within NetSuite. Cash positions, pending transactions, and available balances across all banks in one dashboard.

Technical Setup: FISPAN connects to NetSuite through SuiteTalk REST APIs and a SuiteApp component. The bank connections are managed on FISPAN's side -- they handle the bank API integrations, authentication, and security. Your NetSuite configuration involves setting up payment approval workflows, matching rules, and GL account mappings.

Key Benefits

• Payments from within NetSuite. No more bank portal juggling or manual payment files.
• Real-time cash visibility. Know your actual cash position at any point during the day, not just after importing yesterday's statement.
• Faster reconciliation. Auto-matching rules handle 70-90% of transactions without manual intervention.
• Reduced fraud risk. Payments initiated from approved bills through controlled workflows instead of manual bank portal entries.
• Bank-agnostic. Works across multiple banks, so switching or adding banking relationships doesn't break your processes.

Is This Right for You?

FISPAN makes the most sense for companies processing significant AP volume (100+ payments per month) who want to eliminate the bank portal from their workflow. It's also valuable for treasury teams managing cash across multiple bank accounts who need real-time visibility.

If you're a smaller operation with one bank account and a manageable payment volume, the ROI may not be there yet. NetSuite's built-in bank import and manual reconciliation might be sufficient for your scale.

Frequently Asked Questions

How does FISPAN differ from NetSuite's built-in bank feeds?expand_more

Can I initiate vendor payments from NetSuite with FISPAN?expand_more

Which banks does FISPAN integrate with for NetSuite?expand_more

How long does a FISPAN NetSuite implementation take?expand_more

Let's discuss connecting your banking to NetSuite