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NetSuite Admin Tip | When to consider Auto Bank Statement Import (ABSI) SuiteApp?

edited Jun 2, 2025 2:50PM in NetSuite Admin Corner

Auto-Bank Statement Import (ABSI) SuiteApp is similar to the Bank Feeds application, allowing you to automatically import bank transactions into your system. This means you don’t have to manually download and upload transactions from your bank anymore – ABSI does that for you.

What makes ABSI more reliable than Bank Feeds is the way it connects to your bank. ABSI uses something called a Financial Institution Connectivity plugin, which securely links your system to your bank’s server. This connection is made using SFTP (Secure File Transfer Protocol), a locked and secure tunnel between your system and the bank. This ensures that your transaction data is transferred safely and without interruptions, providing a smoother experience for importing transactions.

Ayitah Tallada | General Accounting and Asset Management

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