The #1 Cloud Financial Management Solution
Used by thousands of organizations worldwide, NetSuite’s financial management solution expedites daily financial transactions, accelerates the financial close and ensures compliance. Our cloud-based single platform architecture ensures complete real-time visibility into the financial performance of the business from a consolidated level down to the individual transactions.
NetSuite financial management seamlessly integrates with all NetSuite order management, inventory, CRM and ecommerce functions to streamline critical business processes.
Finance and Accounting for Modern Companies
Close quickly with confidence and report financials faster and accurately
NetSuite cloud financials and accounting software helps finance leaders design, transform and streamline their processes and operations. NetSuite seamlessly couples core finance and accounting functions with strong compliance management, which improves business performance and increases financial close efficiency while reducing back-office costs. With real-time access to live financial data, you can quickly drill into details to quickly resolve delays and generate statements and disclosures that comply multiple regulatory financial compliance requirements such as ASC 606, GAAP, SOX and others.
Transform your General Ledger into a dynamic business asset
NetSuite transforms the General Ledger from a static, one-size-fits-all into a dynamic asset that enables companies to tailor the General Ledger to meet their unique business needs and changing conditions. NetSuite’s General Ledger gives finance professionals flexibility and visibility, richer reporting functionality, enhanced audit trails and new support for multinational financial management.
Optimize receivables and accelerate cash flows with total control
Gain added liquidity to fund growth, shorten the credit-to-cash cycle, enhance service levels and seize new investment opportunities as they arise with NetSuite’s Accounts Receivable solution. Bring your collections processes into the 21st century with an end-to-end AR experience for automating and streamlining every aspect of invoice delivery, credit terms and collections management.
Automate AP, save time, improve control and increase productivity
Improve liquidity, mitigate funding gaps, realize higher profits and ensure compliance by leveraging NetSuite’s Accounts Payable solution that automates the processing and payment of invoices.
Automated domestic and global tax compliance
NetSuite’s configurable tax engine provides end-to-end domestic and global tax management through one simple, easy-to-use system that generates detailed reports analyzing transactions down to line item tax details in real-time. The NetSuite tax management solution streamlines the global tax compliance process, saving time, reducing costs and errors. NetSuite supports every known global currency and exchange rate and allows accounting departments to process taxes in accordance with country-specific laws.
Fixed Assets Management
End-to-end life cycle management for plant, property and equipment
NetSuite Fixed Asset Management enables you to maintain and control the complete life cycle across depreciating or non-depreciating assets from creation to depreciation, revaluation and disposal including support for international markets. NetSuite Fixed Asset Management supports detailed asset management, including maintenance schedules and insurance, while providing tight accounting integration so that your fixed asset information is always accurate.
Monitor, predict and manage cash across global locations and entities in real-time
NetSuite’s Cash Management solution enables treasury groups to be more strategic than ever before and focus on scaling the treasury organization by providing a complete view of the company’s money flows and cash position. NetSuite’s Cash Management provides your finance team the visibility and reporting they need to optimize cash, control bank accounts, manage liquidity and deliver compliance.
Complete payment management solution that centralizes, streamlines and simplifies your payment needs
NetSuite’s SuitePayments is the smart way to meet all of your payment processing needs directly from within NetSuite. Whether your business accepts payments through online self-checkout or for the settlement of an outstanding invoice, you can accommodate all customer preferences. And, because it seamlessly integrates with NetSuite, you will have access to payment-related information in real time. SuitePayments is a complete payment management solution that supports most payment options and helps prevent fraud.
For more details you can download its white paper here.