Better integration with ING bank in NL

Currently we are  importing and exporting payment files to communicate with our bank ING here in The Netherlands. They quite recently  have an API available so it seams.

https://developer.ing.com/openbanking

Does anybody have experience with integrating this with Netsuite?

Rookie Asked on September 11, 2019 in Banking.
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4 Answer(s)

2019.2 release will feature New Bank data import options, you can build custom plugin for your financial institution. This release also have advanced bank data parser too.

Direct Bank Connectivity In 2019.2, you can use the Bank Connectivity plug-in to forgo manual uploads of bank statement files and automate the bank connectivity process. Provided that your financial institution can generate a file to a specific location on an sFTP server, the plug-in can get the file and upload it to NetSuite. For details on the Bank Connectivity plug-in, see the help topic Bank Connectivity Plug-in Interface Overview

Link to: Release Note 2019.2

Advanced Answered on September 11, 2019.

The plugin still seems bulky if you compare it to a solution with 2 api’s talking together. This is how we do it now but then with a manual upload.

on September 16, 2019.
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You can check out Fi.Span who is building connectivity between ERP platform and financial institution. I was their Netsuite integration advisor, this application will solve many payment and banking related issues. Check them out https://www.fispan.com

Advanced Answered on September 16, 2019.

This looks really good. Thanks.

on September 17, 2019.
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NetSuite is only releasing API for inbound bank statements in 2019.2 in November.  NetSuite still requires a 3rd party to move between NetSuite file cabinet and Bank.  You might be able to use something like this: https://www.celigo.com/products/netsuite-vendorpaymentmanager-connector/

Rookie Answered on September 11, 2019.
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If your primary use case for integrating with your bank (in this case, ING) is to send payments out to suppliers, you can also use the Tipalti integration for this. This allows you to make payments out to suppliers, without integrating into your bank/banks. Tipalti is already integrated into various banks and financial institutions and is a regulated money transmitter. You simply fund your sub-account and tell us who you want to pay and how much, and we execute that across 6 payment methods, 120+ currencies, and 190 countries on your behalf and then integrate all of this information back in real-time to NetSuite. In addition to payment execution, the system automates your entire AP workflow, from supplier onboarding & management, to tax ID collection / validation, invoice processing (OCR, approvals, etc), payment management (approval workflows, OFAC / SDN checking, etc), FX currency management, early payments, and reconciliation / AP reporting. It integrates with NetSuite across the supplier record, invoice details, payment execution, and payment status and also syncs with NetSuite OneWorld at the subsidiary level.

Rookie Answered on September 15, 2019.
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