NetSuite Solutions for the Controller
Increase efficiency, ensure compliance and reduce risk.
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Benefits
Financial Excellence and Better Decision-Making
The role of financial controller is no longer limited to being the top accountant. In addition to ensuring that finance runs smoothly, you’ve partnered with the CFO to improve business performance and become a strategic adviser to the business. Inefficient processes and outdated systems only get in the way.
NetSuite offers a holistic suite of cloud business applications that enables finance organisations to improve efficiency, reduce costs and get more done by automating day-to-day accounting and financial processes.
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Solutions Features
Optimise Financial Processes
Transform inefficient manual and paper-based processes into simplified workflows for recording transactions, managing payables and receivables, closing the books and producing timely and accurate financial statements.
Continuous Accounting
Providing accurate financial data can be a challenge with the traditional accounting cycle and its month-end close. Rather than continuing this outdated and labour-intensive process, leading controllers are taking advantage of NetSuite to pursue continuous accounting, a technology-driven approach that replaces month-end deadlines with more frequent completion of close-related tasks.
Improve Financial Reporting
Break down data silos. NetSuite centralises all business and operational data across the entire organisation to provide unprecedented efficiency and accuracy for meeting audit and reporting requirements.
Governance, Risk and Compliance
Establish the right controls to limit risk, then monitor and report on the effectiveness of those controls. NetSuite’s built-in processes are designed to handle increasingly complex regulatory, operational and compliance challenges, like SOX, revenue recognition and VAT requirements, while frequent, automatic updates ensure the software is always in line with new regulations.
Financial Consolidation
Centralise 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.
Reduce Planning Cycle Times
Perform both companywide and departmental budgeting and planning with modelling capabilities, approval workflows and reporting within one collaborative solution.
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We use NetSuite for absolutely everything: for assisting sales teams and providing personalised quotes to customers, for driving materials requirements, communicating with suppliers, processing production orders and delivery notes. It’s extremely user-friendly and does whatever we want it to do.
Resources
Guides & Blogs
Go deep into NetSuite topics of interest to controllers.
- The Financial Controller Checklist (+Free Download) (Article)(opens in a new tab)
- Guide to Continuous Accounting: A Smart Approach to Better, Faster Decision-Making (Guide)(opens in a new tab)
- Why GRC Should be Embedded in Your ERP System (Guide)(opens in a new tab)
- Budgeting in the Cloud – Graduating from Spreadsheets (eBook)(opens in a new tab)
- Closing the Books Remotely? Take It a Step Further: The Continuous Close (Blog)(opens in a new tab)
Essential Learning
Discover best practices and learn more about topics of interest to controllers from beginner to advanced levels.
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