NetSuite ERP

A Unified, Comprehensive System to Run Your Business

Organizations today demand financial management

solutions that are flexible enough to accommodate
constantly changing business needs. NetSuite ERP
enables organizations to lower IT costs, optimize
accounting efficiency, improve order management and
procurement processes, eliminate manual spreadsheet-
based reporting, and improve employee productivity.
Key Benefits
• Improved financial operations efficiency and
productivity with a single, integrated system
to handle all core processes for users anywhere
in the world.

Solution Highlights • Timely financial close centralizing management

Comprehensive Accounting and Finance of all period-end close activities to reduce time
NetSuite ERP provides you with everything you need to and resources spent investigating and
establish efficient finance and accounting processes and resolving errors.
gain transparency into business operations. In addition
• Ongoing compliance with revenue recognition,
to standard general ledger functionality, flexible workflow
tax requirements and financial reporting in
tools to customize your processes and multi-currency
accordance with various major accounting
support, NetSuite also delivers:
standards and government regulations.
• End-to-end visibility into your receivables and payables
• Real-time visibility to see consolidated financial
with integrated order-to-cash (i.e. sales order, billing,
results for any part of the business at a
collection) and procure-to-pay (i.e. requisition, purchase
summary level, and down to the underlying
order, invoice) transaction management.
transactional details.
• Inventory fulfillment and costing from factory to store
with supply chain management capabilities.

• Complete fixed asset lifecycle tracking and reporting • Full-service payroll processing, including support
from acquisition to depreciation to retirement. for time tracking, incentive compensation and
expense reimbursement.
• Support for project accounting and reporting on project
financials and profitability. • Integrated budgeting and forecasting tools to compare
financial projections against actuals.
• Automatic revenue recognition in accordance with
accounting standards, using flexible scheduling and
sophisticated allocations.

www.netsuite.com
Financial Close Management Real-Time Reporting and Analytics Anywhere
NetSuite ERP helps organizations speed up the close Any business user can create meaningful reports with
process with capabilities to manage period-end activities easy-to-use tools, monitor the latest results as part of
and to detect and respond to problems before they everyday activities, identify root causes of problems and
escalate or occur. NetSuite optimizes the financial close take corrective action. NetSuite delivers real-time
by delivering: information and insights with:

• Period locking to prevent incorrect postings to • Personalized dashboards to monitor the KPIs important
future periods. to any role, from executives to individual contributors.

• Period-close checklist of tasks to be • Pre-built accounting reports and an easy-to-use report

completed sequentially. builder for custom ad-hoc reports.

• Financial adjustments for intercompany transactions, • Consolidated financial reporting for multiple subsidiaries
foreign currency revaluation and inventory. and currencies.

Effective Compliance and Controls • Access to information on-the-go from any

NetSuite ERP ensures compliance with various accounting connected device.
standards and practices and government regulations
efficiently. NetSuite enables accounting compliance
by delivering:

• A powerful rule-driven engine to produce financial

reporting in accordance with multiple accounting standards
(e.g. GAAP, IFRS) using multi-book accounting capabilities.

• Pre-built tax filing and reporting tools that are

country-specific.

• Customizable roles with permissions that support

segregation of duties.

• Audit trail visibility into detailed transaction history,

reports and saved searches.

Copyright © 2023, Oracle and/or its affiliates. This document is provided for information purposes only, and the contents hereof are subject to change without
notice. This document is not warranted to be error-free, nor subject to any other warranties or conditions, whether expressed orally or implied in law, including
implied warranties and conditions of merchantability or fitness for a particular purpose. We specifically disclaim any liability with respect to this document, and
no contractual obligations are formed either directly or indirectly by this document. This document may not be reproduced or transmitted in any form or by any
means, electronic or mechanical, for any purpose, without our prior written permission. Oracle, Java, and MySQL are registered trademarks of Oracle and/or
its affiliates. Other names may be trademarks of their respective owners.