What's in it for you?
Simplify Processes
- No more data entries of Credit Cards and bank activities intoNetSuite
- Uses NetSuite bank match data to memorize matching transactions
Improve organization
- Automatically creates Expense Reports and assigns expense categories to each expense
- Keep management “in the know” about the spending activities of the business in real time
Benefits of 8Q BFC
Directly links bank accounts to NetSuite, automating the flow of financial data and reducing the need for manual data entry. This integration simplifies the reconciliation process and ensures data accuracy.
Automatically generates expense reports from bank transactions, saving time and effort in expense tracking and reporting. This feature ensures expenses are accurately recorded and categorized, improving the overall expense management process
Offers real-time access to linked accounts and their balances, providing up-to-date financial insights. This visibility allows for better cash flow management and financial decision-making
Utilizes NetSuite’s native functionalities to streamline the bank reconciliation process. Automatic upload of bank transactions into the reconciliation module reduces manual efforts and enhances reconciliation accuracy
The ability to update bank links and access transaction data as needed ensures users maintain control over their financial data, helping to prevent issues related to expired or corrupted access tokens
Users can customize their view of transaction data and create saved searches according to specific requirements. This flexibility allows for a tailored approach to financial analysis and reporting
The mention of allowing edits via the NetSuite mobile app implies users can manage and review financial transactions on-the-go, offering flexibility and convenience for dynamic business environments
By automating and streamlining financial data entry, expense reporting, and reconciliation processes, 8Q BFC significantly reduces administrative overhead, freeing up resources to focus on strategic financial planning and analysis
8Q BFC Key Features
- Live Automation Feeds from Bank Accounts directly into NetSuite
- Live Automation Feeds from Credit Cards directly into NetSuite
- Automatically creates Expense Report with approvals
- Allow edits to Expense Reports via NetSuite mobile app
- Allows spend rules limit and activity notifications to supervisors and department heads
- Automatically matches expenses from Live Feeds to records inside NetSuite
- Expense category matching with GL assignments to Live Feeds
8Q BFC Presentation
