
Gartner recently named NetSuite as the fastest growing ERP company and much of this success is due to the flexibility and power of NetSuite’s core financial solutions. NetSuite Financials provides comprehensive, proven financial/ERP capabilities that integrate with your broader back-office, sales and service processes.
NetSuite Financials takes your business beyond traditional accounting software by providing comprehensive financials including accounting, budgeting, financial reporting that provides instant visibility into real-time financial and operational performance across your entire company. NetSuite Financials includes the following modules:
- Financial Analytics and Reporting - NetSuite delivers built-in, real-time financial dashboards, reporting and analytics that allow you to continually monitor personalized key performance indicators (KPIs) and get access to the latest management and financial reports as part of your everyday activities. With NetSuite, you can diagnose financial issues on the fly with drill-down visibility to customer, employee or transactional details—and quickly take action to drive business performance.
- Financial Management - With NetSuite's fully integrated financial management software, you can be confident that your financial systems won't become another business silo, because NetSuite's financial management seamlessly integrates with all CRM and Ecommerce functions. Your business benefits from seamless end-to-end business process flows, such as quote-to-cash, and everyone works from a single source of finance, sales and customer data.
- Financial Planning - Tired of error-prone, labor-intensive spreadsheet-based approaches to financial planning? Want more visibility into your business so you can accurately plan and forecast? The NetSuite Financial Planning Module is an add-on solution for NetSuite that gives you cost-effective, highly sophisticated planning and "what-if" financial modeling capabilities.
- Order and Billing Management - NetSuite fast-tracks your order-to-cash process, breaking down departmental barriers and improving customer satisfaction. NetSuite's order and billing management capabilities integrate your sales, finance and fulfillment teams—improving quote accuracy, eliminating billing errors, strengthening revenue recognition processes and driving fulfillment efficiency. Flexible billing management adapts to your billing needs and market demands, and improves cash flow.
- Revenue Recognition - Staying on top of revenue recognition is a major challenge, and the rules keep changing—such as with the introduction of the latest EITF 08-01 and 09-03 rules affecting revenue recognition on multi-element sales. But most ERP or spreadsheet systems aren't up to the task of keeping pace with the changes which can lead to substantial risk of error, limited visibility and significant compliance risk.
- Shipping and Fulfillment - NetSuite provides a seamless business process from quote to order processing to fulfillment—with complete centralization of customer, order, invoice and shipping information—helping you dramatically reduce fulfillment errors and eliminate the costs of reconciling shipping information. You'll also have access to up-to-date shipping rates direct from the major carriers, increasing efficiency and lowering your fulfillment order processing costs.
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