NetSuite for Controllers
Real-time consolidation, faster close, and audit-ready compliance. A controller's tour of NetSuite financial management.
About this episode
A handful of concrete moments carry the narration: approving every open sales order in one click, drilling a consolidated income statement from headquarters down to subsidiary detail in foreign currency, exporting reports to Excel with formulas intact, and editing an invoice approval workflow without IT.
Around them sits the controller's squeeze, consolidating and closing across locations in real time, what-if budgeting and forecasting, and meeting audit and compliance requirements with a complete audit trail.
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Book a call00:08[Music] as financial controller you have to get the numbers right improve financial and management reporting drive down costs and ensure compliance in today's highly regulated environment plus you're under intense pressure to think strategically but with your existing systems you may spend hours creating reports manually with data you don't even trust netsuite transforms your role giving you real-time visibility with keen reliable insight into business operations netsuite expedites your financial consolidation and close process you can consolidate financials from various geographical locations and perform roll up within netsuite all in real time plus perform budgeting and forecasting what-if analysis you gain unprecedented efficiency and accuracy for meeting audit reporting and compliance requirements with complete auto-trail capabilities let's look at how netsuite helps
01:08you manage your business action items requiring your immediate attention are highlighted for quick access for example you can approve all open sales orders with a click need to look into your global financials launch corporate income statement get the consolidated view at headquarters level and then at the subsidiary level see income statement details in foreign currency instantly even access details at the invoice level you can also export reports to excel for analysis with all formulas intact got a call with your counterpart in uk about tax you can jointly review the same tax report upon your approval your counterpart in uk can file them online you can also make changes to business processes want to edit approval workflow for invoice collection simple all without any help from it netsuite streamlines ap ar fpna tax revenue recognition
02:10and other financial processes that drive your team's productivity by providing an organization-wide version of the truth netsuite gives you the unrivaled efficiency and accuracy you need to meet strict audit and reporting requirements and succeed in your role you