Transcript for "Automating Cash Operations in NetSuite : Banking, Forecasting & Reconciliation":
Alright. Hi, Yep. everyone. Welcome. to the Educap webinar with Accrete Consulting. I'm here with John and Victoria. It's a sunny day here in Austin, Texas. For the ones who are already connected, if you want to just put a word in the chats saying where where you're based and what you do, and and we start in a minute once people are ready to go. Alright. Just running this niggas. Hey. With my desktop meme about so you live in Las Vegas? Well, a picture of the strip and then a picture of my very suburban house that says, no. I live in Las Vegas. Yeah. Those of us who live here don't don't live like the strip. Alright. Perfect. Alright. It should start in a minute. Okay. Cool. Let's go ahead. So, again, welcome, everyone. Glad to have you here today for this webinar about cash management, automating cash operation in NetSuite, banking, forecasting, reconciliation. Exciting topic for for today. Before I introduce, our speakers for for today, here is, our agenda for the next forty five minutes. So we're gonna go through different, concrete use cases and show you how it work in aducap and NetSuite. First, we start with banking connectivity and daily CAC management. Then we'll move on to cash forecasting and how you can actually go from your existing p and l or accrual forecast to a cash based forecast easily with AGI and NetSuite. And then we'll cover the big topic of bank reconciliation and journal posting, something that can be very time consuming in a manual and that can be fully automated with AGCAP and NetSuite, and then we'll take some more time for any question. But as the presentation goes on, feel free to stop us at any time. You can ask your question in the chat, and we will answer them as soon as we can. So you don't have to wait for the q and a at the end of the presentation. Feel free to ask a question on on the go in the in the chat on the right side of the of the interface. Alright? Perfect. And so to cover this webinar, with, with me today, I have the pleasure to welcome Victoria and and John. Victoria, you wanna start and introduce yourself? Sure. So I'm Victoria DeVonis Vorton. I have been a corporate control or CFO for the last thirty thirty five years or so using NetSuite for the last nine as several years as a user of NetSuite and the last, I think, seven years or so as a financial consultant in implementations. I've probably done close to four assisted in close to 40 implementations of NetSuite in various sectors of industries. So I understand both sides of the coin of, you know, cash management, you know, sitting in the chair of actually user and then helping companies understand how to best implement the system. Awesome. And, Thank you, Vic. Oh, yeah. Bonnie, if you wanna go. Sean, go ahead. Yep. So John Gory. I'm with Accrete. My role is more on the customer engagement of working with you as you see here on the slide. But my background is mostly supply chain operations, everything from procurement, manufacturing, distribution, field service. I'm not gonna have a whole lot to say on today's topics, which is why Victoria's here because she knows way more about finance than I ever will. But just briefly about Accrete, we are an implementation partner of NetSuite, which means you license the software from NetSuite, but then we help you get live with it on things like user training, industry specific stuff, data migration, all that stuff that gets you from out of the box NetSuite to be in live. Company's been around since 2008. We're global. A lot of US resources, but also people in Canada, India, Philippines, South Africa, Taiwan. Lots of projects. Most of us had senior operational roles. Like Victoria said, she was the controller. I ran manufacturing plants, warehouses, truck fleets, that kind of stuff. So that tends to be our profile as people that had heavy business roles first then became software consultants. So that's kind of us in a nutshell. Industry wise, we've kinda span everybody that builds things, moves things, makes things, repairs things. Right? So construction, wholesale distribution, manufacturing. We've gotten into verticals like semiconductors, oil and gas, mining, restaurant equipment, you name it. There's a lot of different pieces of that we've done, but that's what Accrete gets involved in, which is why Victoria's had so many different experiences as well. And she's gonna be doing a lot of the what are the challenges we've seen, and then AgiCap will come in and explain how their solution addresses some of those challenges that we've experienced. Other than that, that's all I had. I'll turn it back to you, Michael. Awesome. Thank you, John. Yeah. Mhmm. I'm glad to kick off our partnership with Accrete today with, with this webinar. And so myself, Michael, I'm chief revenue officer for North America of AGCAP. I'm French, as you can probably guess from my accent, but I've been living here in Austin, Texas for the past seven months. And so just before we we move on with the practical demo of the tools, just a few words about AGIKAP for those of you who don't know us already. AGCAP is a leading cash flow management and forecasting software for, say, mid market companies. We are the leader on G2. If you want to have a look at our customer reviews and how we stand out from the crowd, We have over 8,000 customers across Europe and North America, including hundreds of NetSuite customers. So here you can see some logos of our NetSuite customers, including some famous famous names like the Alamo or Goodwill that I I guess everyone knows in this webinar. But also just as you can see, very agnostic in terms of industry with some fintechs, some agency retail, and and so on. So very agnostic in what we do regarding related to cash flow. Also, LG cap is the only NetSuite SDN partner for cash flow management, right, for in North America. So we have a native connector on suiteapp.com and also work closely directly with with the NetSuite team to also support that clients any way we can. Just briefly on the topic of capital management and how we also invite you to think about it during this webinar to challenge your status quo. Think about it as a lever of growth, right, of growth and profit. Because what we see and then Victoria will also elaborate on what he sees for the different use cases with our network clients. But, typically, the situation is capital management is done on Excel. So outside of NetSuite or whatever ERP you might be using. And so the first challenge is operational efficiency. Right? And how can I have cash flow management and forecasting that is more automated, that is more reliable, that is more connected to the different finance systems that we use? So, of course, that's always the first layers that we can help with through EdgeCap. But it's only the first part. Like, what we really want you to think about is also how better cash flow management and forecasting can deliver financial performance. Right? If you think about how you can increase available cash, how you can make a better placement of your excess cash through better forecasting or how you can optimize the cost of funding because you have better visibility on your cash so you can secure any extra fund or any extra loan well ahead of time in the best terms. So our best customers are really the ones that we leverage better cash flow and forecasting to have, like, a very direct impact on the bottom line through improved financial performance. And also on the strategic side, adiCAP is not only a tool for finance teams, but it goes all the way up to the CEO. As as you will see in the demonstration, you can use adiCAP to test some hypothesis, make sure your long term business plan is aligned with your account capacity for the next months and years. So also a very strategic tool. And last thing before we jump into the demo, this is just like the overall scope of what we do. So at the center of it, of course, banking and ERP connectivity. We'll talk more about it specifically with NetSuite to have, like, this reliable connection in place with the banks and the accounting tool. And then on top of this, we then develop use cases for short term cash management, long term cash flow planning, including some use cases we won't cover today, but go all the way to debt management, financial investment, gap analysis, so far so on. ARAP automation. So with our NetSuite customers, this is usually already covered in NetSuite, so I won't get into this today. But for some of our customers who don't have an AR or AP solution, this is something that we can include as well. And the last use case that we'll definitely talk about today is bank reconciliation and journal posting. And just one picture about the integration between AGCAP and NetSuite, and then we'll jump into the into the tool. This is kind of the the data flow. Right? How AGCAP is kind of this intermediary solution between your banks and NetSuite. So on the left side, as you can see, Agicap connects directly with all your bank accounts, all your banks, of course, domestically in North America, but also any international bank you may work with. And we use different methods to connect to those banks. It can be a mix of open banking, host to host, or global banking protocol like SWIFT. Just do anything that is best for you to make sure that you have very rock solid banking data integration in place. Right? And then, of course, we will transform this banking data, categorize it, reconcile it, do a lot of things with it in adjectives through a lot of automation. And then this bank's data can be pushed back to NetSuite, so you also have access to these bank statements and this transformed cash data directly in NetSuite as well. And as you will see, we will also export the reconciliation and journal entries directly in NetSuite. And then what we pulled from NetSuite is few things. First, we can import the APAR from NetSuite to fuel your short term and midterm cash flow forecast. We can import the accrual budget, like the p and l that you may manage in NetSuite, for example, in NetSuite planning and budgeting, and we will see how to do that. And then also any payment file. Right? If you want to trade a payment file in NetSuite and then send it to adiCAP and execute your payment with adiCAP, that's also something that can be done. So this is kind of the high level data flow of how the tools are kind of work together. And now I wanted to jump into the the first use case with you, Victoria. We're first gonna focus on banking connectivity and day to day cash management. And before I show in the tool how it works, just wanted to get your take on it. What is, from your perspective, kind of the status quo of your NetSuite customers when it comes to banking connectivity and just this daily cash flow management? And what are the main, yeah, challenges? Sure. So in the experience of working with many different clients, there are a very vast amount of banks available, of course, to connect to. But there are sometimes challenges. So there's quite a few that directly do connect with NetSuite, but sometimes there are challenges as well with certain banking entities. And I think that having a product like this, definitely creates a much better interface with the banks. So frequently getting data in and out of your ERP system, it is important that it flows through, you know, a very reliable system. So I think that that is probably a challenge sometimes just getting bank data, in a place where also many companies have many, many different accounts. They do, and we'll get into this a little bit more later, but they do a lot of ZBA sweeps or moving. money and transactions back and forth through different banks that they may have. I mean, I've seen companies that have as many as 10 or 15 type bank accounts, especially if they're multi location. So those are the some of the things that I find just challenges sometimes that, you know, I think that maybe you can bring a little better to light with how to aggregate that information on one screen that's easy to to view and work with. Yeah. They're a 100% fully aligned, and this is also what we hear from our NetSuite customers as well. Most of them try to connect their banks directly to to NetSuite in the past, but some banks kind of integrate okay. But a lot of banks, especially like the smaller ones, regional banks, it's harder always harder to have a a reliable connection in place, and that's, of course, something that AGCAP can also also help with. So let's jump into this first use case of banking connectivity and daily cash management. I wanted to start with this view, which is like the long term cash flow plan in in AGI cap, and that's very good summary of of what we do because here, what you can see illustrates the different data sources that AGI cap aggregates. Obviously, what you see as you could as you can imagine, in green, we have the monthly inflows, in red, the monthly outflows. And here, this blue line will be your cash balance at the beginning and the end of each month, here excluding investment, and the purple one also include any long term investments that you may have. And here you can see for the cash flows, there are, like, three different layers. So the first one, like the solid green and solid red represent the actual banking data. Right? So these are the banking transactions that we would import on a daily basis from all your banks. It's usually once per day early in the morning. So we've got fresh data to to work with or can be more frequent with some updates during the day if if needed as well. And, again, that's something that is super important when you consider using a cash flow management tool to make sure that there is very robust banking connectivity using different methods. Not only open banking and tools like Platts that are kind of well known and mainstream in The US because they can do the job for some of the main bank. But if you have, like, multiple banks, big ones, including also more regional banks and banks abroad, you will need different methods as well, which is why we also do a lot of host to host connection and swift connection to make sure that you have very reliable banking connectivity in place. The second layer, this intermediate green and red, it's for what we call the expected transaction. Right? So these are all the transactions that are coming for sure, especially in the next thirteen week. And this is a mix of, first, your payables and receivables that are pulled automatically from NetSuite, same usually on a daily basis, and other expected transaction that may not have any invoice, like thinking about payroll, rent, loan reimbursements, that would also be included in here as like this solid layer of expected transaction for the coming weeks. And the candy can area on top is like the gap to forecast. Right? So based on your target for inflow and outflow every month, right, remains to be done to hit the target based on your initial assumption. So and we will see how to build this, like, exhaustive forecast from your p and l, the indirect method, or by just projecting your future cash flows in a more subtle way with a direct method, and that's that would be the second part of our demonstration. K? So here, again, like, it gives you, like, this copy view on your cash, real time banking data, and APR data coming from NetSuite and evolution over the long term. Now when it comes to day to day cap management, we have a specific module for this where you can see in one place the evolution of your cash balance on a daily basis. So here, you can see the evolution of the cash balance day by day, and you get some alerts with these red dots for any upcoming overdraft. And down below, you have, like, a three sixty view across all your banks and bank accounts. Right? So here I've got the Bank of America, Chile, Citibank, Wells Fargo, for example. You can also connect any investment accounts or any credit line loan that you have, any tool like Tramp, for example. So you have, like, really this three fifty and exhaustive overview on your current cash position, but also on the evolution of this cash position in the coming days so you can act upon it and make some decision and make some readjustments directly in AGI cap. So here, for example, you can see we have three different results for across our multiple bank accounts. We've got some accounts with excess cash like Wells Fargo in purple, some already in overdraft like Bank of America, and some in at a low level of cash. And, of course, these are thresholds that you can define and adjust. And then you can click on any of these cells to understand what are the expected transaction coming from NetSuite that explain this evolution in your day to day cash position. So for example, here, if I click here, I can see that I have some inflow scheduled for tomorrow as well as vendor payments that's supposed to to go out tomorrow. And here, if I decide that I want to push this payment further and see how it would impact my cash flow, I can also do it here in AGI cap and edit the payment date to update my cash forecast. But, of course, that will not have any impact on the NetSuite side. It's just to update your forecast directly here in in AGI cap. So you've got this real time view on where you stand across all your accounts, what are the upcoming transactions for the coming for the coming days, and then you can make some adjustments directly from here as well. So you can establish some rules, and then AGCAP will suggest automatic balancing based on your rules and based on your the cover period. So here, for I have a cover period of five days, for example, and there is a suggestion to rebalance my account between Wells Fargo and Bank of America. And so here, I can, in one click, also execute this intragroup payment directly from EdgeCap. K. So it's also a very easy way to not only have visibility across all your accounts, but also to rebalance them, when needed from a single interface across all your accounts. Alright. And for the day to day cash management, this is just what I what I wanted to to cover. Any feedback, Victoria, based also, again, on what you see with your NetSuite customers on how it could help, streamline the day to day cash management? I only have one really quick question which I think you covered but I just wanted to be sure I really understood because I think this is a pretty important feature. When you were saying forecasting information based on I'm thinking you're saying things like just not bills posted in the system in the ERP, but it is it looking back historically on, like, auto payments? Because we do. have, of course, many items that automatically get paid, and you'll see on a bank statement they get auto drafted. So I'm assuming that is included here as well, correct? Yes, exactly. So for all auto payments, of course, this will be scheduled in AGI cap based on your historical data and based on any adjustments that you can also program directly in the tool. So, yes, auto payments, but also, again, other non invoice transaction related to payroll, to rent, to loans. So all of those would be also available here because, of course, they have a huge impact on your day to day cash position. Absolutely. And then if we can also modify that, so let's say a payment ends, but of course the system isn't going to know there's a way that you can modify to take that payment out, let's say, theoretically. Correct? Yeah. So if, like, for example, you want to delete a payment or move the dates, you can do it directly here from adiCAP. But, I mean, also, because adiCAP is already connected to the banks and in NetSuite, if you've already made a modification in NetSuite, that would be automatically updated here as well. Okay. But here, my my point was that you have the freedom to push some payment dates here in AGI cap just to see how it would impact your cash forecast, but without impacting your data on the NetSuite side. Okay. Thank you. That clarifies. Okay. Thank you. Awesome. Alright. Then that's what I wanted to cover for day to day cash management. Our second use case would be the long term forecast. And here, the big topic is is how you can work from your p and l or a tool based forecast to cash forecast. And I don't know how many of you already use NetSuite planning and budgeting, for example, to create and maintain your p and l. Maybe you use another APNA tool outside of NetSuite or maybe you do it in Excel. And here, we're gonna talk about how you can leverage this existing forecast and easily convert it into a long term cash forecast in AGCAP. But before showing you in the tool how works, it same thing, Victoria, very curious to understand your perspective on this actual forecast topic, p and l, and how it's live side by side with a cash forecast and how you you maintain this for your network science. Sure. Again, you know, just like you indicated, I think for many years these were these were all done in Excel. And I know that that is probably still the primary use these days. However, of course, we've got very robust budgeting as well as there's many other tools out there for budgeting. But I do believe that having it again, it's disaggregated. So you have it in one place, you've got to go to another place, you constantly have to be updating. It is quite time consuming to to not be in a connected environment. So I think that that's probably the biggest challenge is to having to do a constant update of information, no matter what product that you're using. So I feel like that having a place where you can see it cohesively altogether would definitely be a huge time saver and be much more efficient. Awesome. So let's look at how we can do it very simply in AGI cap. Up. There you go. So coming back to our cash flow plan. So here's a goal will be to establish a baseline forecast for this longer term value if you think about your 2026 forecast, for example. And there are different methods to to do it in IGAP. So let's start with what we call the indirect method. So how you can, again, start from your p and l and balance sheet and convert those into a long term cash flow plan. Because usually, to be honest, this is also what we see with the majority of our customers, they may not have a long term cash flow forecast in place, but all of them do have a P and L that has already been reviewed and approved by the board and that they want to rely on to establish their cash projection for for the next twelve months or even further away. So the way to do it in AGCAP is very straightforward. As you would see, we have modules that is called PNL conversion. There you go. So, basically, here, you can either manually import or connect your your p and l. So here, for example, this is one that we imported from NetSuite planning and budgeting, and that can also be imported directly through our NetSuite connector. So here, I mean, you recognize a typical p and l structure. And once imported, the goal would be to convert this p and l into a cash flow plan through three simple steps. So first step is to match your P and L categories with your IG cap categories. Because, of course, like P and L works with accounting rules. IG cap, it's a cash flow management software. So in AGCAP, you are free to create any categories for inflows and outflows that you see fit for your business. So you will need to create the rules to match your P and L categories with your AGCAP categories. For example, as I've done here already for sales product line one with client a, sales product line two for client b, intercompany transfers, etcetera. Second step is to add all your payment terms. So for vendors and customers, so DSO and DPO and any social security and tax due dates to and this can be done at a very granular level for each vendor or each customer or more high level per category of clients and and vendors as you see fit. And on the customer side, we can also leverage our accounts receivable modules that will just analyze your historical DSO with each of your clients and also project this into the future so you don't have to do it manually. And the third step will be to add any upcoming investments, fundings, and loans that, of course, will also have a big impact on your long term cash flow plan and which are more on the balance sheet usually to make sure that you have this three sixty view in place. And once these conversion rules have been set, you can go ahead and create your forecast. And then automatically, will have this inflow and outflow values, forecast values for the longer term, fully based on your p and l and balance sheet. And they will already be categorized based on whatever inflow and outflow categories that you have defined in your cash flow plan. So that should be the first step, indirect method, go from the p and l, convert it into a cash flow plan. And then, usually, what our customers will do from here is to refine this forecast category per category using the direct method, meaning that you will start from your actual cash performance, right, actual banking data and also APR to refine it for the next few months, where you have, like, a more precise picture of what's going to happen as compared to what you initially planned in your in your p and l. So let's take an example here. For instance, if you want to update your client payment, here, you can do it based on actual performance and take an average of the past few months and add some variation, for example, or you can also create, like, dynamic formulas as well based on other categories, or you can also link it to your CRM. So there are a lot of things you that you can do to adjust them category by by category based on past performance and the formulas and dependencies across your different categories directly in AGCAP. And by combining this approach, p and l and direct method, this is how you come up with a very reliable and dynamic forecast not only for the next thirteen weeks, but also for the longer term. Okay? So that's how you go from accrual to cash with AGI cap. And, I mean, you can see here for 2026, and you can also leverage this for your thirteen week forecast exactly the same logic here. I think that we have a weekly frequency on for the certain week horizon that is a typical market standard, as you know, for reporting to investors, board, Thanks. Any question, comments, insights, Victoria and and the rest I the audience? think that the one thing that I can say is it's nice that this can be adjusted on the fly because you never know with customers or clients one of the big things or if there's an unexpected expense. It's nice to know and to see that, you know, this isn't static, that it still is you have the ability to adjust as you as changes happen in your business because we all know they do. Exactly. Exactly. And so, obviously, your p and l is also updated on a regular basis. So, I mean, some companies will update their p and l every every month, some every quarter, some even more often than that. And so this can be fully in sync with your p and l. So whenever you make a change, again, in NetSuite planning and budgeting or wherever your p and l is stored, this can be connected and automatically updated in in adiCAP based on the conversion rules that you created. Okay. So that was our use case for long term forecasting. And now for our last but not least use case, bank reconciliation and journal entries. So also a big topic that can be very time consuming when it's done on a daily basis without the proper level of automation. And there are some, like, simple cases that we will cover, but also more complex cases, especially when it comes to intercompany transfers, this kind of thing. And Victoria will tell us more about it. What's your view on this topic, Victoria, of bank reconciliation and updating journal entries when you're a NetSuite customer? Right. So probably the largest challenge with dealing with multiple bank accounts, multiple subsidiaries, multiple pretty much that is really doing things like cash the the nightly cash sweeps. Many times, I come across companies that do ZBA accounts where they sweep all their money nightly up into a master account with the company. And those entries in NetSuite, if you're within the same subsidiary, it's quite easy. It's done with a bank transfer. It can be done through an upload. Frequently right now, everything's done through an upload. The more challenging ones are when they're across a subsidiary, that has to be done through an intercompany journal entry. As you can imagine, if a company has 10 or 12 or 20 bank accounts, that can be quite time consuming even getting that information from the bank, formatting it, reuploading it into NetSuite. So it's it's quite a time consuming challenge to do on a daily basis. And then just the bank reconciliation part of especially if you've got lots of payments coming in from customers while there is some automation in NetSuite with, automatic customer reconciliation. Sometimes it does get a little bit unwieldy. There are reconciliation rules, but it's it's it takes time. And many times if the system again isn't feeding properly or that data isn't getting through, which I've seen it not come from the bank exactly correctly, it becomes a challenge and it's really almost like if you have a very large entity or a larger entity, it can be quite time consuming. Mhmm. And you may have to have one person devoted to just doing this. So I think that again efficiency and effectiveness with having a product that could help alleviate some of those pain points, you know, Yeah. makes a big difference. Yeah. 100%. So, I mean, one of our recent NetSuite customers in The US has spent six hours a day just on reconciliation and updating the journal entry. So it's a it's a huge step to have to go through each banking transaction one by one and then finding NetSuite the right the right invoice to to match it with. So super time consuming. So we'll yeah. We'll see how it can be further automated in AGCAP. I mean, again, being fully aware that there is also some level of automation available natively in in NetSuite. So bear with me. Some would prefer also to do part of it directly in NetSuite. Some would prefer Educap interface just like a seat as an alternative. And then there are some more complex use cases like the one you mentioned with the interco that edge cap can can cover and that are that cannot be automated natively in NetSuite. So bear with me. We'll cover both. Okay. And just as you also mentioned, like, more complex cases when there are a lot of subsidiaries and how to manage this at the group level, just wanted to quickly explain that this is one of sort of the key strengths of AGCAP is the ability to manage your CAC at an entity level. So here, let's take an example with our AGCAP demo accounts where I can easily switch from one subsidiary to the other. And of course, each subsidiary will have its own cash flow plan and forecast. Some categories might be the same from one entity to the other, some might be different, so that you have the flexibility to address. But you can also manage your cat at a consolidated level for the entire group or for sub segments, like business unit, for example, as you see fit very, very easily. Okay. So just wanted to clarify this before we get in more details in the reconciliation module. So here in AGCAP, yeah, it's a it's a two step process. Let's see. First, the idea is to cover the treasury reconciliation. Once this is done, to update the journal entries. And once these two steps have been covered, then export to to NetSuite. K? So let's start with treasury reconciliation. So, of course, because AGCAP has all your banking transaction and all your APR in one place, this makes it a software of choice when it comes to treasury reconciliation, and you can do it in very automated way. As you know, it's can there's there's some sometimes, like, buffers that you need to adjust because it's not always an exact match between the banking transaction and the and the invoice. So which is why one of the first thing you need to do when you configure the reconciliation module is to define this level of tolerance in the in the reconciliation process, especially when it comes to the payment date. Right? Look. So here, for example, I have a buffer of ten days for the payment dates and for the transaction, the expected transaction dates. And I also have a buffer on the amounts, the value of the the amounts of 20 US dollars. So as long as we are within this, like, borders defined in the in the tolerance rules, then I can leverage the automatic reconciliation feature in AGI cap. So if I look back at what has already been reconciled, you can see that most of the banking transaction here are automatically reconciled just using the amounts, the dates, and, of course, the labels as well where you can see some invoice number, for example, on on both sides, and they're all linked to your specific adiCAP category. So that would be the first step in the process. It's kind of a waterfall where majority of your transaction would be automatically reconciled. If there is one reconciliation where there is a match, for example, on the amount, but on the payment dates, it's like it goes beyond the ten day buffer that you that you configured in the in the in the setup, then we will ask you to review this reconciliation and to validate it just to confirm if that's the right match or not. So here in this case, I will go ahead and approve the suggested reconciliation because even if there is a big gap on on the timing, I confirm that this is the invoice that matches this bank transaction. And then, of course, you also have, like, some leftover here that you can easily manage because you will have access in one screen to all your remaining banking transaction and upcoming expected transaction that have not been reconciled automatically through the different rules and that you can go through one by one directly in this in this interface, which brings an important point, which is regarding all the non invoice transaction. Right? Because, of course, most of them will have an APR or AR to to match up, but a lot of them will will not have any any invoices. So in this case, let's take an example of internal transfers, for example, and that will allow me to address the use case of intercompany transfers. For all of these ones, we will create a dedicated rule, and we will be able to reconcile without having to select an an invoice. K? And this can be done, like, as a mass update, and we can create rules to automatically reconcile on a daily basis all this intercompany transfers. K? And then we will see how it looks when it comes to the bank journal. So that's how you manage the first step of the process, which is the treasury reconciliation. Right? So we can mark all these invoices as paid automatically in NetSuite without having to go to each of them manually in the NetSuite interface. Can I ask a. question really quick on that? Go ahead. back to where you were on the screen before, if we are in here reconciling and realize, okay. Well, like that one that you had mismatched, Mhmm. oh, we forgot to put a bill in for that month. So it should have been a bill there, but somebody didn't enter it or it got missed. Is there a way to do transactions in NetSuite on the fly, like add a bill, add a journal entry, add and, you know, the transaction that is the expected transaction so it will match. Do you have the capability to do that? That's a good question. To be to be honest, I'm not entirely sure, but I think what you should do in this case, if you do want to have a bill for this, you can go ahead and create it in NetSuite and then refresh and match it with the invoice. NetSuite. Well, for sure, you will not be able to create this bill in I g cap. So either you decide to reconcile without having the bill on the NetSuite side. But if you do want the bill and and and reconcile it, you would need to create it in NetSuite because this is not something you can do directly from adjective. Okay. So deposit or bill. Okay. Mhmm. And so the next step, with the bank journal and how to automatically update your journal entries. So same thing here. It's a mix of, like, automation and then creating new rule to so you can spend as less time as possible on on this process. So first thing here, what you do is to upload your chart of accounts. Right? So you can find here all your accounting categories from your chart of accounts. And then there will be also a lot of automation done natively by AGCAP and and some updates that you will need to review and adjust and create new rules to make the process more and more automated. So for example, here, we already have one journal entry that has been where the the matching has been done automatically here based on our previous rules. And for this one's down below, I can either go ahead and select a specific accounting category for my interco transfer, for example, or I can go also go in here and create a specific rule for this internal company transfers. So here, I would click in, for example, automation, and I could create a new rule. Not going into the details, but, basically, I could based on the labels saying, okay. All the banking transactions that contain internal transfer, for example, I would like to, like, to create a rule so they automatically fall under the intercompany transfer accounting category. I save, and then this rule would be automatically applied, and I don't have to, on a daily basis, update these journal entries manually one by one. This would be covered by your. Up. Okay. And then once it's completed, you can mark as ready to export for final review. And then here on a daily basis, instead of having to manage your journal entries one by one manually, you can just review everything as a batch, checking that everything looks good. And up and then in one click, and this is where it will trigger an update in NetSuite. You can export your different accounting entries. And without anything to do in the NetSuite interface, all of this transaction will be reconciled in NetSuite. So they would be your invoices would be marked as paid in NetSuite, and the journal entries will be updated just like this in one click. And of course, you can go even a bit further by creating also some exclusion rule and our ways to manage some, like, edge cases in this process. But if you just look at the big picture, the big picture of how to reconcile invoice transaction and non invoice transaction and how to update the journal entries for intragroup transaction or interco transaction, this is on a high level how it would be done and automated. And, of course, happy to talk about, like, some tests and pilots depending on the complexities that you have in your organization because we know it tends to vary a lot from one company to the other, and there are ways to use that we can test this connector together to make sure that it's gonna meet your your needs. Any additional question or comments about it? Victoria, what do you think based on your experience with reconciliation and bank journal in NetSuite? Yeah. I I feel like this is, first of all, very very user friendly and definitely will will expedite especially doing things like transfers, inter co transfers and money movement because that cash flow movement is out there and that does, like you said, take quite a lot. Your example was six hours, Yep. I believe it, to do reconciliations and transfer funds. So, you know, definitely looks like it's more efficient for sure. Perfect. So I think this covers the main use cases that we wanted to review today. If you have any question, you can ask them as a chat here. You know, the one thing I think that also I just want to bring up, and you showed it for a second, and I don't know if anyone in this group uses multi currency, and I have experience. in companies in multicurrency. But I just want to do a call out and, you know, maybe you might wanna say something about currency and currency conversion. So we didn't really talk about that, but maybe give a thirty second on, you know, that aspect as well because I just thought about it and wrote that topic down. Yeah. No. Very, very good one. So, yes, of course, a lot of our customers are global operation, so they have to deal with multiple currencies. So AGICAP covers like multi currency cash management and forecasting and also international payment. So when it comes to multicurrency setup, all the modules that I've showed you before would be properly handled in this context. Thank you. And John, I also see your question. Sorry, missed this one before. So this would work with NetSuite planning and budgeting ex Liberian when it comes to the actual p and l, the p and l to cash. Example, yes, the NetSuite connector would allow us to automatically pull the p and l from NetSuite planning and budgeting in adjective and, like, keep a smooth integration between between the two. Outstanding. Thank you. Awesome. So any other question from the audience here? I think we're all set. Perfect. So with this, I think it's time to conclude. I wanted to thank you, first of all, Victoria and John, for helping us today. Have a better understanding of how company can better manage our cat and forecast with NetSuite and and Agicap. And thanks to you all today. Feel free to get back to us if you have any additional question about Accrete, Agicap, cash management, everything we've covered today. We'd be happy to help and extend the discussion and show in a more specific way how it work for your organization. So we'll follow-up with an email and some resources, and feel free to to contact us directly. Victoria, John, any last words on your side? No, but thank you very much. That was very insightful. Thank you for your time. Thank you. Bye, everyone. Have a good rest of the day. you.