NETSUITE ERP BENEFITS
Benefits experienced by businesses and organizations using NetSuite:
10%-20% reduction in days sales outstanding
50%+ reduction in IT costs
20%-50% acceleration to financial close
50%+ reduction in audit preparation time
25%-75% reduction in invoicing costs
50%+ cut in order-to-cash cycle
A single, integrated system to handle all core processes. Improve financial operations efficiency and productivity for all users anywhere in the world.
Real-time reports of financial results for all business sectors from a holistic view, all the way down to the nitty-gritty details.
Reduce the time and resources required to investigate and resolve errors. You’ll enjoy timely and centralized management of all period-end close activities.
NETSUITE ERP SOLUTION HIGHLIGHTS
Efficient and transparent business operations have never been so easy. NetSuite ERP provides all the tools you need, including standard general ledger functionality, advanced workflow tools to customize your processes and multi-currency support. In addition, expect the following:
- Advanced end-to-end visibility into your receivables and payables with integrated requisition, purchase order, invoice process management and order-to-cash sales order, billing, collection transaction management.
- Fixed asset tracking and reporting, from day of acquisition to depreciation to retirement.
- Project accounting and reporting support for project financials and profitability.
- Automated revenue recognition in line with accounting standards, employing flexible allocations.
- Supply chain management capabilities with inventory fulfillment and costing from factory-to-store.
- Support for time tracking, full-service payroll processing, incentive compensation and expense reimbursement.
- Manage financial projections against actuals with integrated budgeting and forecasting tools.
Streamline the close process using NetSuite ERP, by detecting and responding to problems and managing period-end activities. You’ll also get:
- Automatic period locking to prevent incorrect postings for future periods.
- Advanced period close checklist, including tasks to be completed sequentially.
- Financial adjustments for intercompany transactions, foreign currency revaluation and inventory.
Ensure efficiency and compliance with accounting and government regulations by using NetSuite ERP. NetSuite guarantees accounting compliance by delivering:
- Financial reports in accordance with multiple accounting standards using a powerful multi-book, rule-driven engine with accounting capabilities.
- Pre-built country-specific tax filing and reporting tools.
- Customizable roles and permissions supporting segregation of duties.
Create accurate reports with easy-to-use tools and monitor the latest reports, while identifying root causes of problems and take corrective action. Other features:
- Customizable dashboards for monitoring the KPIs important to your role.
- Access necessary information on-the-go with the mobile device integration.
- Easy-to-use report builder and pre-built accounting reports for customizing ad hoc reports.
- Integrated financial reporting for multiple currencies and subsidiaries.