This notice is to inform you of the new enhancements included in the release of the Bank Feeds SuiteApp version 21.1.1.
Target Release Date: April 20, 2021
Enhancements:
Global Bank Feeds Integration Services
In version 21.1.1, Bank Feeds SuiteApp expands its support through multiple financial institutions in Australia, New Zealand, Switzerland, and some parts of Asia.
Version 21.1.1 automatically provisions your account with two new format profile records:
- Connect to Accounts in Other Countries - This new record is exclusive to bank feeds integration with financial institutions that operate in the following countries:
- Australia
- Hong Kong
- Indonesia
- Malaysia
- New Zealand
- Philippines
- Singapore
- Thailand
- Connect to Non-PSD2 Europe Accounts - This new record is exclusive to bank feeds integration with financial institutions that are not compliant with PSD2 (Revised Payment Services Directive) regulation in Europe.
Note: As of version 21.1.1, the format profile supports only financial institutions operating in Switzerland that are non-PSD2 regulated.
The latest version also extends its support to financial institutions that are not country specific. These financial institutions can now be set up through the Connect to Europe Accounts and Connect to Accounts in Other Countries format profile records.
Support for Partial Success of U.S. and Canada Bank Feeds Data Import
Previously, when at least one of your U.S. or Canada financial institution accounts encounters an error, the bank data import status fails, and no transactions are imported into NetSuite. This limitation prevents you from completing your bank reconciliation tasks for your other accounts.
In version 21.1.1, Bank Feeds SuiteApp lets you proceed with the bank data import even if one of your financial institution accounts encounters an error. On the Banking Import History page, the bank data import status is set to Partially Completed when at least one of your associated accounts fails the bank data import because of errors.
On your format profile configuration, bank and credit card accounts that failed to connect are shown with warning icons. Each failed account connection is provided with a failure reason to help you resolve the error.
Support for Financial Institution Connections with Multiple Login Accounts
In version 21.1.1, the SuiteApp lets you connect to a financial institution using multiple login accounts.Connection ID is a new column added to the Connections and Accounts subtab of your format profile. This column serves as a unique identifier when you have the same financial institution connection with different users or credentials setup. Connection ID helps you identify which bank and credit card accounts are associated with which financial institution connection. This feature enables you to manage connections with the same financial institution independently.
Removal of Waiting Period During Installation
Previously, a new installation process requires a 30-minute waiting period before you can set up your bank feeds in NetSuite. Now, installing the Bank Feeds SuiteApp from the Marketplace immediately adds the necessary components and lets you proceed with the bank setup.