NetSuite Solutions for the Controller

Benefits

Compliance and Controls. Maintain compliance with accounting standards, enforce company policies and minimise the risk of fraud by ensuring the right financial controls are in place.
Turn Data into Insights. Support strategic decision-making and elevate the role of finance across the organisation with real-time data and analysis that tells the story behind the numbers.
Accuracy and Productivity. Reduce errors, increase departmental productivity and close the books faster by automating repetitive manual accounting tasks.

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 Inefficient processes and outdated systems only get in the way.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 Rather than continuing this outdated and labour-intensive process, leading controllers are taking advantage of NetSuite to pursue continuous accounting, a technology-driven approach that replaces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 modeling capabilities, approval workflows and reporting within one collaborative solution.