Ebury for NetSuite helps businesses of all sizes streamline invoice payment and FX directly from NetSuite. This allows clients to access Ebury capabilities and manage their global cash flows from a single, efficient workflow, enabling businesses to save time and costs.
Who is it for?
Ebury for NetSuite bundle is perfect for businesses who:
Have vendor bills in foreign currencies and want to streamline them
Want to automate accounts payables and reduce manual work
For example, you are a pharma company that has developed a custom NetSuite solution for handling foreign currency vendor bills. It features automatic currency rate conversions, banking integration for streamlined payments, batch processing, and auto-reconciliation.
However, your company had to deploy NetSuite developers for hundreds of hours to implement this solution. This led to increased salary costs and manual burden, with the risk of spending less time on your business strategy.
Your company could have saved significantly by leveraging the Ebury bundle for NetSuite for no additional cost.
What does our suite of products include?
The primary goal of our SuiteApp is to reduce the time spent by your team on payouts for invoices or manually reconciling P&L statements. This helps you save time, achieve more operational efficiency and focus more on what matters the most – your business.
Our Suiteapp helps you streamline your payouts and manage your cash flows directly from the NetSuite dashboard.
Make secure individual or bulk payments in multiple currencies. You can even access live quotes for FX trades directly from NetSuite.
Synchronise your beneficiaries and vendors between Ebury and NetSuite to pay them directly from your NetSuite dashboard.
Automate invoice management as your payouts will automatically be marked as 'Paid' without you taking extra steps.
Manage your multiple currencies and their balances directly from NetSuite. Use this information to decide on how to pay your invoices.
Get your local account details in 11+ currencies and receive locally, just like your business is based there.
Manage your FX risk by locking an exchange rate with fixed forwards in 60+ currencies.
Enable multi-entity companies to view the balances across entities from one platform and seamlessly switch between making payments from each entity.
Make partial payments: When you pay via trade or from balance, you can change the payment amount by default and even add bill credit. This feature helps you pay only for what you owe, allowing each person to pay their portion.
Who can access this integration?
You must have a NetSuite and an Ebury account to use this integration.
How do I set up this integration?
Step 1: To download it, go to the Suiteapp Marketplace and look for Ebury.
Step 2: Next, click on the 'Install' button to get started.
Step 3: Please reach out to your relationship manager at Ebury to complete the rest of the configuration to get started. Once the configuration is complete, you'll see the main dashboard under the 'Ebury' tab.
Where is it available?
Platform
| Capabilities* | Coverage |
NetSuite | Make payments | Global |
NetSuite | Retrieve statements | EU (To be available globally soon) |
*Note:
The term 'capabilities' reflects the extent of our partnership. Currently, we focus on two primary capabilities – ‘Make payments’ and ‘Retrieve statements’.
‘Make payments’ refers to the ability to allow clients to initiate payouts directly from NetSuite. ‘Retrieve Statements’ is a feature where we automatically generate and share the end-of-day bank statements directly to clients' platforms.
At the moment, customers outside the EU cannot use NetSuite to retrieve Ebury statements. However, we are working relentlessly to launch this for our customers outside the EU.
How much does it cost?
We provide cost-free integration of Ebury capabilities with your existing NetSuite
account.