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Financial Reporting

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Go Beyond the Numbers and Gain Real-time Insights into Business Performance

With NetSuite, your finance team gets more than automated and accurate financial statements. Your entire organization gains a modern financial reporting experience that delivers real-time financial analysis and modeling across every dimension of your business for detailed insights into corporate performance and improved business decision making.

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Features

On-demand, real-time insights your way

  • See the big picture with dashboards and KPI’s tailored to your role.
  • Use standard, out-of-the box reports, or easily customize to your business requirements.
  • Securely access financial reports from anywhere using a web browser or mobile device.
  • Financial reports are highly flexible and can be easily customized to see specific types of GL accounts, transaction fields or even custom field values as they are recorded on transactions.
  • NetSuite’s easy-to-use Financial Report Builder tool allows you to craft the financial statements you need for your reporting requirements. This includes grouping financial data differently, for example by classification rather than account, or including additional data in the report such as budget details.
  • Report layouts can also be tailored for a different presentation formats or formatted to highlight critical data.

Flexible, Multi-Dimensional Reporting

  • Dynamic GL segments capture and store transactions for multidimensional reporting and single version of truth.
  • NetSuite goes beyond financial metrics and tracks statistical and operational data to enable a comprehensive view of the business.
    Analyze information by any dimension in real-time.
  • Diagnose financial issues on-the-fly and drill-down transactional details to quickly take action and drive business performance with informed decisions.

Global Compliance

   • NetSuite financial reporting provides global support for both internationalization and localization

  • Multiple accounting books
  • Multiple Fiscal and Tax calendars
  • Localized tax calculations and reporting
  • Local format Income Statement and Balance Sheet
    Audit and Compliance Reporting

   • Generate accurate statements and reports that comply with accounting standard e.g. US GAAP and IFRS

  • Business requirements: The ERP system should meet your organization’s business needs and align with your operational processes.
  • Scalability: The system should be scalable to meet your organization’s future needs, including growth, expansion, and changing business requirements.
  • Customization: The system should allow for customization to meet specific business needs and integrate with other systems.
  • Integration: The ERP system should integrate with other systems and applications your organization uses, such as CRM, HR, accounting, and inventory management.
  • Ease of use: The system should be user-friendly and easy to use, reducing training costs and ensuring a smooth transition for employees.
  • Cost: Consider the total cost of ownership, including licensing, implementation, training, and ongoing maintenance costs.
  • Security: The ERP system should have robust security features to protect sensitive data and prevent unauthorized access.
    Vendor reputation: Choose a reputable vendor with a proven track record of delivering quality ERP systems and excellent customer support.
  • Support & maintenance: The vendor should offer reliable support and maintenance services to ensure smooth system operation and minimize downtime.
  • Industry-specific features: The ERP system should have industry-specific features that meet your needs, such as compliance with regulatory requirements or specific reporting capabilities.
  • Experience and expertise: Choose a vendor with a proven track record of delivering successful ERP implementations. Look for reviews, case studies, and references to evaluate the vendor’s experience and expertise.
  • Project management methodology: Check their project management approach and see how they manage risks, issues, and change requests.
  • Team composition: Ensure the vendor has the right team composition to deliver successful implementation, with skilled and experienced members having diverse expertise like functional, technical, and project management.
  • Customization capabilities: The vendor should have customization capabilities to meet your specific business needs and integrate with other systems.
  • Cost: Consider the vendor’s pricing structure, including implementation, training, and ongoing maintenance costs.
  • Training and support: Check their training and support processes and see how they will help you and your employees throughout the implementation and beyond.
  • Change management expertise: The vendor should have experience in change management, ensuring your organization can adopt the new system smoothly and efficiently.
  • Communication and collaboration: The vendor should have open and transparent communication channels and foster collaboration between their team and your organization.
  • Data security: The vendor should have robust security features to protect sensitive data and prevent unauthorized access.
  • Scalability: The vendor should have the capabilities to scale the system to meet your organization’s future needs, including growth, expansion, and changing business requirements