Name: Goldman Sachs Transaction Banking (TxB) for NetSuite
Author: Goldman Sachs

Goldman Sachs Transaction Banking (TxB) for NetSuite

Seamlessly integrate your Goldman Sachs Transaction Banking (TxB) services with your NetSuite ERP. TxB’s SuiteApp provides a pre-built connection that can embed our powerful banking and payment solutions directly into your existing NetSuite workflows. By adding TxB as part of centralizing your financial operations into a single, unified platform, you can enhance efficiency, provide cash visibility and streamline overall treasury management.

Overview

A Smarter Way to Manage Your Treasury

For Corporate Treasurers and Payments Executives, Goldman Sachs Transaction Banking (TxB) delivers a modern, API-first banking platform designed to help meet your complex payments and liquidity management needs. Our NetSuite application embeds these services where you work, eliminating the need to toggle between systems and providing the information you need to make faster, more informed financial decisions.

Key Benefits

Accelerate Time-to-Value: Reduce implementation timelines and IT overhead with our pre-built, verified NetSuite integration.
Enhance Cash Visibility & Control: Streamline account reconciliation by pulling intra-day and prior-day balance and transaction reports directly into NetSuite, providing a consolidated view of your cash positions across all your TxB accounts.
Streamline Payment Workflows: Initiate and monitor high-value and bulk payments from your TxB accounts without leaving your NetSuite instance, improving operational efficiency.
Gain Real-Time Payment Insight: Achieve end-to-end visibility with automated payment status updates pushed directly to your ERP via webhooks, from initiation to settlement.

Additional Information

Real-time data can be impacted by planned system maintenance, connectivity or availability issues stemming from related third-party service providers, or other intermittent or unplanned technology issues.
The terms “Partnership” and “Partner” are used herein solely in their colloquial business sense, i.e., referencing an arms-length commercial relationship with a contractual counterparty, and not referencing nor seeking to create any legal partnership (either expressed or implied).

Features

Automated Information Reporting

Configure and schedule automated retrieval of your account information. Leverage APIs to support real-time information reporting.

Embedded Payment Initiation

Initiate domestic payments directly from within NetSuite. Our API-based architecture allows payment instructions to be transmitted efficiently and consistently.

Real-Time Status Tracking

Leverage webhook notifications for critical payment lifecycle events. Receive proactive updates on payment status, including processing, confirmation, and any returns or rejections.

Unified Treasury Hub

Centralize your core treasury functions within the ERP system that runs your business. Manage banking operations, reporting, and payments through a single, familiar interface.