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Overview of NetSuite Financial Capabilities

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NetSuite is a highly scalable, cloud-based ERP Solution that automates front- and back-office processes including: financial management, revenue management, fixed assets, order management, billing, and inventory management. Engineered for mid-sized businesses and large enterprises, NetSuite enables companies to manage all key business processes in a single system. Built-in business intelligence along with financial capabilities of NetSuite enables organizations to leverage complete visibility into production workflows allowing them to streamline mission-critical processes.

NetSuite integrates departments, divisions, lines of business and geographical locations into a unified system enabling organizations to manage inventory, track their financials, host e-commerce stores and maintain customer relationship. NetSuite offers comprehensive view of your accounts, customer information, sales pipelines and marketing. As everything is stored in the cloud, you can access up-to-date information anytime from any device. With capabilities across finance, HR, sales, operations, and service departments, NetSuite enhances employee productivity via cross-departmental system integration and software automation. With real-time visibility of data, NetSuite enables smarter decision making.

As a robust financial management tool, NetSuite offers functionality across budgeting, expense allocations, amortization, flexible billing management, and statistical accounts. NetSuite offers sophisticated expense allocations, making it simpler to assign expenses based on typical weightings, while amortization schedules enable expenses to be amortized over time with ease.

Financial Management Module in NetSuite includes:-

  • General Ledger
  • Chart of Accounts
  • Financial Statements
  • Accounts Payable, Multi-currency
  • Accounts Receivable, Multi-currency
  • Payroll, Direct Deposit
  • Multiple Budgets
  • Advanced Billing
  • Revenue Recognition
  • GAAP Reporting
  • Allocations
  • Check Printing
  • Online Banking
  • Bill Payment
  • Updates Taxes