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Spring into action with NetSuite Financials

Written by Edward Stone

07 | 04 | 21

Finance  |  
3 minute read

As we enter the new financial year, many businesses are reflecting on the challenges they faced last year and how they adapted to these unprecedented times. Spring is the season of growth and renewal; the ideal time for businesses to build new plans, set new goals and search for opportunities that will help them grow.

The success of your business is determined by your financial management capabilities. It has become more important than ever to have the best financial management software in place to reach new targets. NetSuite, the #1 cloud financial management solution, is used by thousands of organisations worldwide and ensures complete real-time visibility into the financial performance of your business.

 

How can NetSuite help you Spring into action?

 

Timely information and insight

NetSuite cloud financials and accounting software gives finance managers the ability to design, transform and streamline their processes and business operations. NetSuite seamlessly combines core financials and accounting functions with strong compliance management. This allows businesses to improve their performance and financial close efficiency whilst reducing back-office costs.

 

Report with greater accuracy

NetSuite provides you with more than just automated and accurate financial statements, as your entire organisation adopts modern financial reporting capabilities that deliver real-time financial analysis and modelling across every area within your business. For example, NetSuite’s easy to use Financial Report Builder allows you to create business specific financial statements. Finance teams can now have greater confidence knowing they can provide detailed insights into corporate performance and improve their decision making.

 

Streamline billing process

NetSuite SuiteBilling helps businesses streamline their billing operations by providing real-time visibility into billing and financial activity. NetSuite’s unified billing framework consolidates invoicing, supports multiple pricing models, automates rating processes, and provides transparency across all billing activities. Companies no longer have to deal with slow and painful billing processes, instead businesses can be agile, innovative and profitable in today’s economy.

 

Report revenue with confidence

 

NetSuite Revenue Management solution is designed to help companies report financial results in a timely manner and comply with accounting standards. This solution automates revenue forecasting, recognition, allocation, reclassification, and auditing through a rule-based event handling framework. NetSuite simplifies the complexities of revenue recognition and helps you schedule, calculate and present revenue on your financial statements accurately.

 

 

Integrate planning, budgeting and forecasting

More than 90% of spreadsheets contain serious errors, yet 63% of finance managers continue to use Excel as their primary budgeting and planning tool. NetSuite Planning and Budgeting (NSPB) helps by automating processes and integrates all financial and operational data onto a single platform. Finance teams can now quickly and easily create budgets and forecasts, model ‘what-if scenarios’ and generate reports within one scalable solution. Best of all, you don’t have to be an existing NetSuite user as NSPB integrates with your existing accounting software.

 

 

If you want to find out how NetSuite can help you spring into action, then speak with a member of our FHL team. To see NetSuite Planning and Budgeting in action, join us for our live webinar on the 13th April where our NetSuite specialists will uncover the benefits you can gain from adopting this world class platform.

 

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