1. Industries
  2. Energy
  3. Product Features

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 maintain compliance with applicable accounting standards.

Streamline the Back Office

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

Data Sheet: NetSuite ERP

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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.

Speed Decision Making

Drill across budget, forecast and actuals to see the impact on performance in real-time.

Align the Organization

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

Data Sheet NetSuite Financial Planning

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CRM

Gain a 360-degree view of your constituents

Customer Relationship Management
  • Manage the entire lead-to-cash cycle with a single unified set of tools.
  • Better manage and cultivate important relationships with a 360-view of all constituents.
  • Create target segments for highly focused, personalized upsell and cross-sell campaigns and promotions.
  • Identify and target prospects for highly focused, personalized campaigns, promotions and communications.
  • Establish customized workflows and processes to match the needs of your organization.
  • Track all actions, from intake to closure.

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.

Improve Marketing Effectives and ROI

Make more educated decisions about your marketing spend—targeting highest return avenues and donor segments.

Data Sheet: Get All the Details on 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.

Article: Revenue Recognition In the Cloud

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Inventory

Total Visibility and Control Over the Supply Chain

Inventory Management and Supply Chain
  • Gain real-time, detailed visibility into key inventory control and supply chain management measures.
  • Streamline procurement processes using convenient online ordering and intelligent workflow routing.
  • Model how expected sales and purchase orders will affect inventory levels.
  • Self-service capabilities for partners, vendors and customers improve collaboration throughout the entire supply chain.

Business Impact

Run Lean Operations

Manage every step of the product lifecycle from factory to store with an integrated manufacturing and wholesale distribution solution.

Strengthen Vendor Relationships

Collaborate with suppliers, vendors and partners by providing self-serve access and real-time visibility.

Forecast with Confidence

Anticipate demand with better accuracy to maintain sufficient inventory levels.

NetSuite Advanced Inventory

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Spend

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

Help users engage with the system via a simple, intuitive user interface.

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

Improve Insight

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

Achieve a Single Version of the Truth

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

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

Achieve Efficiencies

Manage your entire global operations on a single unified platform.

Rapid Financial Close

Significantly reduce time to close with real-time management and financial automation capabilities.

Improve Visibility

Provide instant insight across the hierarchy of subsidiaries with role-based dashboards.

Data Sheet NetSuite OneWorld

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