NetSuite Accounting Software Review

NetSuite Financials is made to provide the companies using the system comprehensive and proven financial ERP capabilities that are integrated with back-office, sales and service processes as well.

NetSuite’s comprehensive financials include accounting, budgeting, financial reporting and other key tools designed to help companies gain visibility into their financial processes.

NetSuite Financials Key Features:

  • Financial Management: helps companies gain control of financial processes and data , including general ledger, accounts receivable, accounts payable, budget management, multi-currency transactions and reporting as well as other key components.
  • Revenue Recognition Management: is made to extend a company’s current ERP system or works with NetSuite Financials to automate a company’s revenue recognition processes. Includes support for key revenue recognition rules, automates calculations, and provides continual revenue monitoring.
  • Financial Planning: provides companies with sophisticated budgeting, planning and “what-if” financial modeling capabilities. NetSuite Financial Planning is made to help companies increase business performance by providing real-time, end-to-end business management solutions, strategies and planning.
  • Supply Chain and Inventory Management: helps companies streamline their businesses by providing an integrated procure-to-pay process that aids in more efficient purchasing, improving vendor management and providing complete warehouse and inventory management capabilities.
  • Order and Billing Management: NetSuite Order and Billing Management is made to help companies streamline order-to-cash processes and is adaptable to a company’s specific billing and market needs.
  • Shipping and Fulfillment: is designed to help companies speed up the fulfillment process by being integrated with top shipping providers such as FedEx, UPS and USPS. Integration with these shipping companies helps companies improve shipping efficiency while reducing fulfillment costs.
  • Human Capital Management (HCM): NetSuite HCM helps companies streamline HR processes, reduce costs and helps improve employee satisfaction.  Includes employee time tracking, incentive compensation, expense reporting and payroll tools.
  • Service Resource Planning (SRP): NetSuite SRP provides companies with complete management of professional service teams; including project management, service delivery and billing and revenue management.
  • Recurring Revenue Management: offers companies comprehensive recurring revenue management functionality to help companies manage their billing processes for subscription and maintenance based revenue streams. Also helps companies increase profitability by showing ways to cross sell or up sell to their client base.
  • Financial Analytics and Reporting: allows companies to make better decisions by making real-time and role-based dashboards available to employees. Includes pre-build KPI, trends, scorecards, formatted reports and more.

Select NetSuite Customers:
Cash Edge, Tsar Nicoulia Caviar, Teleca, Kana, Virgin Money, Explore Consulting, Six Apart, Domin-8 Enterprise Solutions, Oakland A’s Asahi Kasei, Cartridge World, Premiere Global Services