The most successful businesses no longer view banking and financial operations as separate functions.
Instead, they’re integrating banking services directly into their ERP systems and automating accounts payable (AP) and receivable (AR) processes from end to end.
This shift, powered by NetSuite’s embedded banking and automation capabilities, is helping companies accelerate cash conversion cycles, reduce costs, and gain real-time financial visibility.
The technology is powerful, but you still need the right people to implement, configure, and manage it. Anderson Frank provides the NetSuite finance and automation specialists who can bridge that gap—delivering faster ROI and smoother adoption.
The high cost of disconnected financial operations
Traditional AP/AR processes are riddled with inefficiencies. Finance teams waste time manually reconciling payments, chasing approvals, and matching invoices. Banking remains siloed from core business systems, forcing teams to toggle between platforms.
That often translates into slow cash conversion with delays in invoicing and collections that tie up working capital. It can also mean manual processing drives up labor expenses and error rates, while real-time cash positions remain elusive without system integration.
If your AR team is spending hours every week manually applying customer payments in NetSuite, while your AP team processes paper invoices with five-day approval delays, you might want to think about implementing AP/AR automation. With the right processes in place, you could reduce payment application time, cut invoice approval cycles, and improve cash flow forecasting accuracy.
Let’s look at how NetSuite’s embedded banking and automation capabilities are helping other businesses do just that.
These are people problems as much as process problems. Anderson Frank supplies AP/AR automation experts who help organizations cut approval delays, improve reconciliation, and optimize working capital by leveraging NetSuite to its full potential.
How NetSuite’s embedded banking works
NetSuite’s integration with banking partners like HSBC, Citibank, and J.P. Morgan enables businesses to manage cash flows without leaving their ERP.
Here are some of its key features:
- Real-time bank feeds that deliver automatic reconciliation of transactions in NetSuite and instant visibility into cash positions across accounts
- Embedded payment processing so you can pay vendors directly from NetSuite via ACH, checks, or virtual cards, and automate payment runs based on cash flow priorities
- Cash flow forecasting that uses predictive analytics based on historical AP/AR data, and scenario modeling for liquidity planning
To take advantage of these features, you need finance professionals who understand both banking and ERP. Anderson Frank connects businesses with NetSuite banking integration specialists who can configure, test, and manage these critical workflows.
NetSuite’s end-to-end AP/AR automation
NetSuite takes automation beyond basic workflows, embedding intelligence across multiple financial operations.
With this feature, the accounts receivable team can auto-generate and send invoices upon shipment/service completion, apply AI-powered cash application to match payments to open invoices, and trigger personalized collection workflows for overdue accounts.
In accounts payable, employees will be able to capture vendor invoices digitally via OCR and AI, route approvals dynamically based on amount and department, and schedule payments to optimize cash discounts and terms.
And in the treasury department, they can automate intercompany settlements, hedge currency exposure based on real-time AP/AR data, and sync bank balances with the general ledger continuously.
An implementation roadmap for finance leaders
To see what NetSuite’s smart finance features can bring to your business, you can start with these three steps:
- Connect banking infrastructure by partnering with a NetSuite-embedded bank so you can automate bank reconciliation and cash positioning.
- Automate high-volume processes first, starting with invoice-to-pay in AP and order-to-cash in AR, and expand to more complex workflows like rebates or foreign payments.
- Build real-time reporting to track KPIs like DSO, cost per invoice processed, and discount capture rates, and set alerts for anomalies in payment patterns.
Taking these initial steps will put you on the road to great strategic advantage, helping you achieve faster cash conversions, lower operational costs, and better positioning to make informed decisions.
