Modules

NetSuite Advanced Financials

NetSuite Advanced Financials offers comprehensive financial management capabilities that enable businesses to streamline their financial processes, enhance budgeting accuracy, and ensure robust expense management. By leveraging this module, organizations can gain real-time insights into their financial performance, optimize their billing processes, and make data-driven decisions to improve overall financial health.

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Business Benefits of NetSuite Advanced Financials

NetSuite Advanced Financials offers comprehensive financial management capabilities that enable businesses to streamline their financial processes, enhance budgeting accuracy, and ensure robust expense management. By leveraging this module, organizations can gain real-time insights into their financial performance, optimize their billing processes, and make data-driven decisions to improve overall financial health. Key business benefits include:

  • Enhanced Budgeting and Reporting: Simplifies the creation, management, and tracking of multiple budgets, ensuring businesses stay on top of their financial goals. This feature allows finance teams to create budgets effortlessly, compare actual performance against budgeted targets, and make informed adjustments as necessary.
  • Automated Expense Management: Provides sophisticated tools for allocating expenses across various departments and locations, reducing manual effort and increasing accuracy. By automating expense allocations, organizations can save time, minimize errors, and ensure that expenses are accurately distributed according to predefined criteria.
  • Improved Amortization Processes: Streamlines the amortization of expenses over time, ensuring compliance and efficiency in financial reporting. This functionality helps businesses manage their prepaid expenses and other amortized costs more effectively, leading to smoother financial operations and better compliance with accounting standards.
  • Real-Time Financial Monitoring: Enables real-time tracking of budget versus actuals, allowing businesses to make timely adjustments and maintain financial control. With real-time insights, finance teams can identify variances promptly, take corrective actions, and ensure that the organization remains on track to meet its financial objectives.
  • Customizable Billing Processes: Automates billing with customized schedules and templates, ensuring accurate and timely invoicing. This feature reduces the manual effort involved in billing, helps avoid billing errors, and ensures that invoices are generated and sent out promptly according to predefined billing schedules.
  • Integration of Non-Financial Data: Incorporates statistical accounts to manage and utilize non-financial data, enhancing the overall financial analysis. By integrating key non-financial metrics, businesses can gain a more holistic view of their performance and make better-informed strategic decisions.
Client Success
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Sabbel Foods NetSuite Implementation StoryBoosted Boards NetSuite Implementation StoryKasa Living NetSuite Implementation StoryLeanTaas NetSuite Implementation StoryApex Auto NetSuite Implementation StoryHDMI NetSuite Implementation StoryLogikul NetSuite Implementation StorySoftIron NetSuite Implementation StoryPGM of Texas NetSuite Implementation StorySWIR Vision Systems NetSuite Implementation StorySabbel Foods NetSuite Implementation StoryBoosted Boards NetSuite Implementation StoryKasa Living NetSuite Implementation StoryLeanTaas NetSuite Implementation StoryApex Auto NetSuite Implementation StoryHDMI NetSuite Implementation StoryLogikul NetSuite Implementation StorySoftIron NetSuite Implementation StoryPGM of Texas NetSuite Implementation StorySWIR Vision Systems NetSuite Implementation Story
Sabbel Foods NetSuite Implementation StoryBoosted Boards NetSuite Implementation StoryKasa Living NetSuite Implementation StoryLeanTaas NetSuite Implementation StoryApex Auto NetSuite Implementation StoryHDMI NetSuite Implementation StoryLogikul NetSuite Implementation StorySoftIron NetSuite Implementation StoryPGM of Texas NetSuite Implementation StorySWIR Vision Systems NetSuite Implementation StorySabbel Foods NetSuite Implementation StoryBoosted Boards NetSuite Implementation StoryKasa Living NetSuite Implementation StoryLeanTaas NetSuite Implementation StoryApex Auto NetSuite Implementation StoryHDMI NetSuite Implementation StoryLogikul NetSuite Implementation StorySoftIron NetSuite Implementation StoryPGM of Texas NetSuite Implementation StorySWIR Vision Systems NetSuite Implementation Story

Feature & Function Sets of NetSuite Advanced Financials

Enhance Financial Precision with NetSuite Advanced Financials: Robust Budget Management, Automated Expense Allocations, and Real-Time Reporting

Budget Management and Reporting

Multiple Budget Management: Create and manage multiple budgets for the same criteria, such as conservative versus forecast budgets. This allows finance teams to prepare for various scenarios and compare different financial strategies.


Copy Budgets Feature: Rapidly generate new budgets by copying existing ones or using actuals with adjustments. This feature speeds up the budgeting process and ensures consistency across different budget cycles.


Comprehensive Budget Reports: Access Budget Income Statements and Budget vs. Actual reports for detailed financial analysis. These reports provide insights into financial performance, helping businesses stay on track with their financial plans.


CSV Budget Import: Easily import budgets created in Excel using CSV files for seamless integration. This functionality simplifies the transition from external budgeting tools to NetSuite, ensuring a smooth integration process.

Expense Allocations

Weighted Expense Allocation: Allocate expenses to classes, departments, or locations based on a weighted formula. This ensures that expenses are accurately distributed according to the organization's predefined allocation rules.


Recurring Allocation Schedules: Set up allocation schedules to recur regularly, automating the allocation process. This feature reduces manual work and ensures consistent expense allocation over time.


Dashboard Reminders: Receive notifications when allocation schedules need processing, ensuring timely entries. This helps finance teams stay on top of their tasks and avoid delays in financial reporting.

Amortization Schedules

Automated Amortization: Automatically amortize expenses over time, simplifying processes for prepaid expenses. This functionality ensures that expenses are spread out over the appropriate periods, leading to more accurate financial statements.


Job-Linked Amortization: Link amortization schedules to jobs, enabling proportional expense amortization based on job completion. This feature supports project-based accounting and ensures that expenses are allocated in line with project progress.

Statistical Accounts

Non-Financial Data Storage: Store critical non-financial data, such as headcount and floor space, for comprehensive financial analysis. This allows organizations to incorporate important operational metrics into their financial analysis.


Proportional Financial Activity Allocation: Allocate financial activities across the business based on non-financial data, such as allocating overhead costs based on headcount. This ensures a fair and accurate distribution of expenses.


Sequential Allocation Schedules: Run multiple allocation schedules in specific sequences for precise financial distribution. This feature provides flexibility in managing complex allocation processes.

Customized Billing Processes

Billing Schedules and Templates: Create highly customized billing schedules and templates to automate invoice generation based on various order types. This ensures that billing processes are tailored to the specific needs of the business.


Milestone Billing: Ensure accurate billing as work is completed according to service contracts with milestone billing schedules. This feature supports contract-based billing and ensures that clients are billed accurately for completed work.

Real-Time Budget Monitoring

Budget vs. Actual Tracking: Monitor and compare budgeted amounts with actual expenditures in real-time for effective financial management. This feature provides immediate insights into financial performance, allowing for timely adjustments.


Single-Screen Budget Entry: Enter budgets for accounts on a single screen for streamlined budget management. This simplifies the budgeting process and ensures that all budget data is easily accessible in one place.

NetSuite Frequently Asked Questions

What is the NetSuite ERP system used for?

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The NetSuite ERP System is a cloud-based business management software suite that enables companies to manage their financials, operations, and customer relations in one centralized system.

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NetSuite ERP includes a CRM module that gives companies a 360-degree view of their customers.

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NetSuite is an ERP system that integrates all core business processes, including accounting, inventory management, order management, and shipping.

How is the NetSuite ERP Solution different from Salesforce?

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NetSuite ERP is a business management software suite that includes CRM, ERP, and ecommerce capabilities. Salesforce is a CRM software that provides sales and marketing automation capabilities.

What are the benefits of using the NetSuite ERP Solution?

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The benefits of using NetSuite ERP include:

Real-time visibility into your business: NetSuite ERP provides real-time visibility into your financials, operations, and customer relations.

A single system of record: NetSuite ERP consolidates data from multiple subsidiary companies into one centralized system.

Improved efficiency and reduced costs: NetSuite ERP automates key business processes, such as accounting, order management, and shipping.

Improved customer satisfaction: NetSuite's 360-degree view of the customer allows companies to provide better customer service.

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NetSuite is best for companies in industries that require a robust ERP system, such as manufacturing, wholesale distribution, and ecommerce. It is also well-suited for companies that are doing business in multiple countries.

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NetSuite professional services are a suite of services that help businesses get more out of their investment in the NetSuite software. Our team of experts can help with everything from project planning and solution design to deployment and support. We have the experience and expertise to help you make the most out of your NetSuite system.

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The list of services included in our professional offering varies depending on your specific needs, but typically includes project planning, solution design, deployment, configuration, training, support, and ongoing managed services.

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One of the main benefits of partnering NetSuite professional services provider like CEBA Solutions is that our team can work with you to map your current business processes and find areas where NetSuite can help improve efficiency or automation. We can also review your current configuration and settings to identify any areas where you could be getting more out of the system.

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The cost of our professional services varies depending on the scope and complexity of the project. Contact us today for a custom quote based on your specific needs.

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NetSuite implementation services are focused on helping you get your system up and running. Once the system is live, our professional services team can help you optimize your use of NetSuite and ensure that you are getting the most out of the software. At times you may find you require additional support even after the initial NetSuite implementation is completed, and that’s where our professional services team comes in.

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A NetSuite health check is an assessment of your current use of the software. The goal is to identify any areas where you could be getting more out of the system. Our team will review your configuration, settings, data, and processes to make sure that you are using all of the features and functionality that NetSuite has to offer in the most efficient way possible.

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A NetSuite upgrade is the process of upgrading your system to the latest version of the software. Our team can help you plan and execute your upgrade, and ensure that all of your data and customizations are carried over to the new version. We will also test your upgraded system to make sure that everything is working as it should be.

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Yes, we offer both on-site and remote support for NetSuite users. Our team of experts can help with everything from troubleshooting errors to providing best practices advice. We also offer a range of managed services packages that provide ongoing support and maintenance for your NetSuite system.

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Visit our blog for the latest news and tips on NetSuite, or check out our library of resources where you can find helpful guides and white papers on a range of topics. You can also sign up for one of our free webinars to get a closer look at how NetSuite works.

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NetSuite Managed Services provide ongoing support and maintenance for businesses using NetSuite. These services include system monitoring, user support, troubleshooting, customization, and optimization to ensure that NetSuite is functioning at its best and meeting the needs of the business.

How does NetSuite help with inventory management?

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NetSuite's inventory management system provides real-time visibility and control over inventory levels, tracking, and supply chain operations. This allows businesses to optimize inventory levels, reduce stockouts, and improve supply chain efficiency.

What is an ERP system?

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An Enterprise Resource Planning (ERP) system is a software solution that integrates various business processes and operations into a unified system. This includes functions such as finance, accounting, inventory management, human resources, and more.

What are consultancy services in relation to NetSuite?

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NetSuite consultancy services provide expert guidance and support for businesses using NetSuite. This includes implementation and customization of the system, training and support for users, and ongoing optimization to ensure that NetSuite is meeting the specific needs of the business.

Is NetSuite a good software solution?

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NetSuite is a cloud-based software solution that provides a comprehensive suite of business management tools, including financial management, inventory management, supply chain operations, customer relationship management (CRM), and more.

Is NetSuite a good Business Management System?

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NetSuite provides a unified management system that integrates various business processes and operations into a single system. This allows for streamlined operations, real-time visibility, and improved efficiency.

What is an ERP vendor?

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An ERP vendor is a company that provides Enterprise Resource Planning (ERP) systems, such as NetSuite, to businesses. These vendors provide software solutions, implementation and customization services, ongoing support and maintenance, and other services to ensure that the ERP system is meeting the needs of the business.

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