Save time, reduce processing costs and get paid faster

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.

NetSuite Payment Management dashboard

Go Paperless

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.

Accelerate Payments

Improve cash flow, reduce days sales outstanding and get paid faster by offering your customers the convenience of credit card and other non-check payment options.

NetSuite Accelerate Payments dashboard

NetSuite Payment Management Features

NetSuite provides support for online and offline payment methods, giving you greater flexibility while reducing processing costs.

Payment Processing

SuitePayments provides comprehensive support for credit cards and other non-check options through integration with payment gateways and an extensive network of partners.

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NetSuite Payment Processing dashboard

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.

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Checkout page showing electronic bank payment options

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NetSuite gives us the ability to integrate all our systems, throughout the world, to give us accurate and up-to-date financial numbers that I need to really make the right decisions for my business.

Steven Marks
Founder/CEO, Guzman y Gomez

NetSuite Payment Management Benefits

  • Increased Cash Visibility. Monitor cash inflows and outflows in real time to make more informed cash management decisions.
  • Better Supplier Relationships. Improve communications and avoid distracting calls from suppliers by sending automatic alerts when invoices are paid.
  • Fewer Errors. Eliminate duplicate data entry and minimise errors by managing payment processes within a single system.
  • Incremental Savings. Take advantage of early-payment discount opportunities by reducing the amount of time required to process vendor invoices.

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Challenges NetSuite Payment Management Solves

  • Payment Delays. Get paid faster and improve cash flow by giving customers a wide range of electronic payment options.
  • High Processing Costs. Reduce the cost of processing vendor invoices by eliminating the need to print and mail paper checks.
  • Data Security. NetSuite is a registered PCI DSS-compliant service provider, which reduces the overhead associated with PCI compliance.
  • Business Complexity. Multicurrency, multilanguage and multiformat capabilities simplify management of local and international payments.

How Much Does NetSuite Payment Management Cost?

Companies of every size, from pre-revenue startups to fast-growing businesses, have made the move to NetSuite. Looking for a better way to run your business but wondering about the cost?

Users subscribe to NetSuite for an annual license fee. Your license is made up of three main components: core platform, optional modules and the number of users. There is also a one-time implementation fee for the initial set up. As your business grows, you can easily activate new modules and add users — that’s the beauty of cloud software.

Payment management capabilities are included with the NetSuite platform license.

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Resources

Data Sheets

Access specifications, features and benefits of NetSuite payment management solutions.