ERP-to-bank connectivity remains a pain point for many organizations. Manual file uploads, inconsistent bank formats, and limited automation lead to delays, errors, and compliance risks.
Designed for companies that need the basics of bank connectivity with their cloud ERP, the Cobase Bank Connector offers a secure, standardized link between your cloud ERP and all your banks, automating payment file and statement flows, no custom setups or multiple portals needed.
Fragmented banking setups across systems, regions, and entities cause manual work, token overload, and inconsistent audit trails. Cobase centralizes all bank connectivity in one secure platform, eliminating the need for separate integrations and portals.
With one connection from your ERP to Cobase, you gain access to a wide range of banks. Cobase handles the complexity, authentication, formatting, and communication, behind the scenes.
Cobase automates daily bank statement imports into your ERP in CAMT.053 format, enabling fast, accurate reconciliation. Statements are standardized, routed, and delivered to the right entity and system, ensuring consistent financial reporting and visibility.
Cobase securely receives payment files from your ERP, validates them, and formats each file according to the specific requirements of your banks, ready for seamless execution. In NetSuite, Cobase natively supports payment templates by handling all format mappings and bank configurations centrally, reducing manual work, minimizing errors, and ensuring timely, accurate payment delivery.
Cobase consolidates approvals and user rights into one secure platform. No more logging into multiple bank portals. All approvals use a single token, and user roles can be updated instantly without involving the banks. Every action is logged in a central audit trail, accessible from both desktop and mobile.
Cobase validates payments before they’re sent, checking for duplicates and missing data to reduce rejections. Once submitted, payment statuses, pending, approved, executed, or rejected, are tracked in real time and synced back to your ERP. This gives you complete visibility over all payments, accounts, and currencies.
Simplify your cash management and save valuable time. One platform, complete control over all your financial flows.
