What is NetSuite Financial Management?
NetSuite financial management solutions expedite daily financial transactions, reduce budgeting and forecasting cycle times, ensure compliance and accelerate the financial close. Our cloud-based platform delivers real-time visibility into the financial performance of any business, from a consolidated level down to individual transactions. NetSuite financial management seamlessly integrates with additional business applications — including order management, inventory, CRM and commerce — so you can run your entire business with a single solution.
Efficiently Manage Your Financial Processes
From bank reconciliation and assets management to receivables, payables, revenue management and more, NetSuite helps you automate complex financial processes.
We decided to switch to NetSuite because we wanted a system to support where the business was going.
NetSuite Financial Management Benefits
NetSuite Financial Management Features
Seamlessly couple core general ledger, accounts receivable, accounts payable, tax management, fixed assets management, cash management and payment management accounting functionality with real-time visibility and business insights to drive financial excellence.
Streamline billing operations with real-time visibility into financial and billing activity. Consolidate invoicing, automate rating processes and support multiple pricing models. Easily manage recurring subscription billing with automatic renewals.
Planning and Budgeting
Perform both companywide and departmental budgeting and financial planning with modeling capabilities, approval workflows and reporting within one collaborative, scalable solution.
Comply with accounting standards like ASC 606 and IFRS 15 and report financial results in a timely manner. Simplify the complexities of evolving revenue recognition mandates, no matter if a sale encompasses a single performance obligation, a series of obligations spanning a time period or diverse obligations in a bundle.
Gain a more complete picture of your business — on demand and in real-time. Preconfigured role-based dashboards, reports and KPIs deliver tailored, detailed insights into company performance for improved decision-making. Generate accurate financial statements and reports that comply with US GAAP, IFRS and other accounting standards.
Centralize the oversight of accounting processes, data and reporting across multiple business units, subsidiaries and regions. Accelerate the close process with automated consolidations while ensuring compliance with relevant accounting standards, tax codes and regulations wherever you operate.
Governance, Risk and Compliance
Audit-ready solutions to support and empower your company’s governance, risk and compliance (GRC) programs. An array of reports and certificates and built-in capabilities and processes handle increasingly complex regulatory, operational and compliance requirements with ease.
Challenges NetSuite Financial Management Solves
Faster Time to Value
NetSuite has packaged the experience gained from tens of thousands of worldwide deployments over two decades into a set of leading practices. These practices pave a clear path to success and are proven to deliver rapid business value and get you live on NetSuite in a predictable timeframe. Intelligent, stepped implementations begin with sales and span the entire customer lifecycle, so there’s continuity from sales to services to support.
Access specifications, features and benefits of NetSuite financial management capabilities.
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View our on-demand webinars, which deliver insights from NetSuite and industry experts.
Guides & Blogs
Go deep into topics around NetSuite financial management.
Discover best practices and learn more about financial management from beginner to advanced levels.
- Financial Management Explained, Scope, Objectives and Importance (Article)
- Financial Planning & Analysis: Practices, Roles, Responsibilities, and Functions (Article)
- Fixed-Asset Accounting Basics (Article)
- What is Liquidity and Why Does it Matter to Businesses? (Article)
- What is Selling, General & Administrative Expense (SG&A)? (Article)