Enriched Bank Data for Transaction Matching in NetSuite 2026.1

The Enriched Bank Data feature in NetSuite 2026.1 enhances the accuracy of matching imported bank transactions to your general ledger. Using generative AI, this feature automatically extracts entity information from the memo and payee/payor fields, helping to resolve ambiguities in transaction matching.

How Does Enriched Bank Data Work?

When importing bank data, the following sequence occurs:

1. Entity Extraction: Generative AI extracts potential entity information from the memo and payee/payor fields of the bank transactions.
2. System and Custom Rules: All defined matching rules, whether system, custom, or user-defined, are applied to find matches. It’s important to note that this step does not consider the enriched entity information.
3. Enrichment-Based Matching: For transactions that remain unmatched after applying the initial rules, NetSuite performs enrichment-based matching. This process searches for:
   • Exact transaction amounts
   • Transaction dates occurring within seven days d - Similar entity information extracted by AI and compared with ledger transaction memo and name fields.

Limitations and Considerations

• Enrichment-based matching is limited to handling up to 10,000 unmatched transactions at a time to optimize performance. If there are more unmatched transactions, users can rerun the reconciliation rules multiple times.
• The features are enabled by default and can be toggled by an Administrator via the Accounting subtab under Setup > Company > Enable Features

Final Review Required

It is vital to review the matched transactions. Even though generative AI significantly enhances accuracy, there is the potential for errors in AI-assisted matching. Always verify the matches before finalizing any reconciliations to ensure accuracy in financial records.

Matched transactions appear with a multicolored vertical line on the Match Bank Data and Reconcile Account Statement pages, and match details clarify when the match was created through the enrichment process.

Who This Affects

This enhancement is pertinent for:

• Administrators: To manage feature settings and permissions.
• Accountants: To utilize improved transaction matching for reconciliations.
• Finance Teams: To increase efficiency and accuracy in handling bank transactions.

Key Takeaways:

• Enhances accuracy of transaction matching via AI.
• Enables enrichment-based matching for unresolved transactions.
• Requires regular review of AI-assisted matches.
• Default enabled feature requiring no manual activation.
• Allows up to 10,000 unmatched transactions per matching cycle.

Source: This article is based on Oracle's official NetSuite documentation.