Financials

Real-time Financial Management in the Cloud

Comprehensive Finance and Accounting

  • Gain full visibility into your integrated financials with prebuilt, accounting-intelligent capabilities.
  • Accept and process electronic payments from your customers in a secure and reliable manner.
  • Track, manage and report the book value and depreciation of your company's fixed assets.
  • Close with confidence and report financials quickly and accurately.
  • Ensure proper security, support compliance and gain complete audit trail visibility.
  • Configure and monitor business processes and workflows.
  • Get immediate visibility into financial performance with pre-built or customized reports.

Business Impact

Timely Information and Insight

Improve business performance with real-time metrics and role-based dashboards.

Close with Confidence

Accelerate the financial close while maintaining compliance with applicable accounting standards.

Streamline the Back Office

Eliminate errors with automated processes and reduce the reliance on spreadsheets.

Empowering Financial Services Firms to Reach Beyond the Limitations of QuickBooks

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Budgeting

Budget, Forecast and Manage

Financial Planning

  • Model and evaluate unlimited “what if” scenarios between actuals and projections and update forecasts as needed.
  • Establish rolling 12-month forecasts and analyze variance between actuals versus project results.
  • Create and consolidate driver-based plans with customized data entry sheets and reusable formulas and allocation methods.
  • Provide self-service and easy-to-use reporting across the organization.

Business Impact

Reduce Planning Cycle Times

Collect inputs and assumptions, review iterations and present consolidated results in a timely manner.

Improve Forecast Accuracy

Compare and analyze actual versus projected results regularly to refine forecasts.

Align the Organization

Centralize your budget with forecast and actual information in one place, providing a single version of the truth.

NetSuite Financial Planning

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CRM

Gain a 360-degree View of Customers

Customer Relationship Management

  • Generate a single view of a customer across all channels for complete visibility into all online, and call-center transactions and interactions.
  • Build rich customer profiles based on behaviors and interactions that can be made available to sales, marketing and support personnel.
  • Create target segments for highly focused, personalized upsell and cross-sell campaigns and promotions.
  • Understand your customers’ true lifetime value.
  • Reduce service costs, improve customer satisfaction and retention, and provide a consistent customer service experience across all channels.

Business Impact

Improve Customer Relationships

A true 360-degree view of the customer, including sales, support cases and financial transactions.

Efficient Accounts Management

Create a holistic view of all accounts and their contacts with related activities in a single view.

Boost Sales Productivity

Enable effective collaboration and team selling to streamline the sales cycle.

NetSuite CRM

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Revenue

Report Revenue with Confidence and Accuracy

Revenue Management

  • Automate revenue recognition with financially intelligent capabilities to report results in accordance with accounting standards.
  • Automatically generate and dispatch invoices at recurring intervals on time.
  • Schedule renewals automatically or set reminders in advance to pursue upsell and cross-sell opportunities.
  • Package and offer the service you want based on the type of rates and duration needed.

Business Impact

Timely Information and Insight

Improve business performance with real-time access to revenue-related ending balances and revenue recognized.

Streamline the Process

Take control of recurring processes by automating billing cycles and renewal periods.

Align the Organization

Unify all stakeholders with one system, from sales and service reps to finance managers and executives.

Revenue Recognition In the Cloud

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Supply Chain Management

Control and Monitor your Outsourced Manufacturing Processes as Easily as if They were Your Own

Location irrelevances is a concept that the location a product is manufactured in, and who its manufactured by, should be completely irrelevant—you should be able to manage the production and supply of your products in the same way as if you were manufacturing them yourselves. NetSuite gives you a global view of all of your inventory, regardless of where it is and who its being consumed by.

Key Benefits

  • Global, real-time view of inventory status.
  • Vendor, CM and 3PL Location management.
  • Full Distribution Requirement Planning (DRP) capabilities for multi-location planning.
  • Easily collaborate with your supply chain partners.

Procurement

Optimize Company Savings With Better Spend Management

Spend Management

  • Request approval to procure goods and services quickly and easily.
  • Optimize procurement for recurring needs with negotiated terms, tiered pricing, and pre-specified delivery schedules.
  • Enforce compliance with purchasing thresholds and guidelines.
  • From acquisition through payment, automate the complete procurement process for goods and services.
  • Accept a variety of credit and debit card types and other electronic forms of payment for online payment processing needs.
  • Establish budget and spend controls to ensure compliance with policies.
  • Maximize the accuracy and timeliness of your timesheet and expense processes with online self-service tools.
  • Gain real-time visibility into the spending trends across your organization.

Business Impact

Control Spend

Automate the procure-to-pay process and drive greater visibility into spend.

Ensure Compliance

Configure requirements, authorizations and approvals.

Engage Users

Simple, intuitive user interface makes it easy for users to engage with the system.

NetSuite’s Procure to Pay

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Reporting

Real-time Business Intelligence

Reporting and Analytics

  • Ensure compliance and accommodate requirements with easy and timely customized reporting.
  • Create reports and dashboards that combine operational and financial data and KPI’s.
  • Analyze statistical measures and results for each department, location, funder/donor and more.
  • Gain instant, real-time visibility for all key stakeholders, from high level summaries down to the underlying transactions.
  • Ensure compliance and minimize risk with robust security, segregation of duties and fully auditable business processes.

Business Impact

Insight

Real-time transparency into company performance across all business functions—from summary level to transaction level.

Single Version of the Truth

A single version of the truth with all of your data residing in a single source.

NetSuite Business Intelligence

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Global

Global Business Management

NetSuite OneWorld

  • Adjust for currency, taxation and legal compliance differences at the local level, with regional and global business consolidation and rollup.
  • Global CRM provides visibility into every aspect of your multinational organization, even with multiple languages and currencies, including forecasts and campaigns.
  • Manage inventory and fulfillment across multiple locations.
  • Run multi-store / multi-country / multi-site ecommerce with country-specific web stores and websites managed from a single NetSuite account.

Business Impact

Efficiencies

Manage your entire global operations on a single unified platform.

Rapid Financial Close

Real-time management and financial automation capabilities can significantly reduce time to close.

Visibility

Role-based dashboards provide instant insight across the hierarchy of subsidiaries.

NetSuite OneWorld

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