Celigo Announces Vendor Payment Manager To Automate Transfer Of Vendor Payment Files Between NetSuite And Banks
(4 months ago)
SAN MATEO, Calif: Celigo (www.celigo.com), a leading provider of scalable and easy-to-deploy integrations that connect cloud-based applications, today announced the launch of Vendor Payment Manager to automate the transfer of vendor payment files between NetSuite and banks.
These transfers, which are encrypted using PGP security protocols, can be triggered on a set schedule or on-demand. In addition, this out-of-the-box application automatically sends bank acknowledgments or summary files to NetSuite and allows companies to define how to manage files after each transfer.
"We are excited to add Vendor Payment Manager to our Banking Suite for NetSuite," said Jan Arendtsz, CEO and founder of Celigo. "This product can be easily implemented without IT support or additional development and will help many companies make their accounts payable processes much more efficient."
Vendor Payment Manager is part of Celigo's Banking Suite for NetSuite. With Celigo's Banking Suite, companies can automatically process incoming receipts and outgoing payments between NetSuite and banks to save time, improve cash flow management, and scale for growth. The suite includes Cash Application Manager for real-time accounts receivables (A/R) processing and Vendor Payment Manager for automating payment file transfers between NetSuite and banks.