Born and constructed within the cloud as an enterprise useful resource planning (ERP) answer, Oracle NetSuite allows organizations to create a unified view of their enterprise. Whereas it generates stories on enterprise efficiency, the platform wasn’t constructed to optimize the reporting course of. For accounting and finance groups particularly, the problem makes it tough to create versatile, personalized monetary stories. As an alternative, they need to depend on their IT group or energy customers, taking on already taxed assets and slowing down important processes.
How will you give your accounting and finance groups management over NetSuite reporting to satisfy your corporation’s wants? You’ll be able to simplify your reporting processes and take management with Spreadsheet Server from insightsoftware. On this weblog submit, be taught how one can optimize NetSuite for accounting and finance customers and broaden its reporting capabilities for deeper insights.
Automate Knowledge Assortment and Imports
Constructing superior monetary stories together with your NetSuite ERP isn’t any small feat. The guide course of is each time consuming and susceptible to error. Usually, IT groups pull particular information from the ERP and import it manually into Microsoft Excel. This course of can result in chaotic spreadsheets, making it obscure and work with. When the report is lastly accomplished, the data might be compromised by errors or omissions.
Spreadsheet Server automates information assortment, integration, and importing. Finance groups can simply export information from NetSuite into Excel in a single click on, skipping the necessity for any guide downloads or CSVs. Spreadsheet Server additionally prepares and codecs the info, supplying you with real-time information and accuracy, with out worrying about information errors from guide processes. Plus, by automating the method, your finance and accounting groups get extra time to evaluate and analyze the info.
Manually updating spreadsheets, equivalent to for a financial institution covenant calculation, took me half a day or so to do. NetSuite had some reporting limitations that made automating financial institution covenant calculations tough. I created the report in Spreadsheet Server in lower than an hour.
– Scott Murcray, CFO, Pure Wafer
Mix Knowledge From A number of Platforms
NetSuite is reluctant to work with exterior information sources. The identical might be stated of many ERP techniques. Each prefers utilizing its personal information. Regardless, when you might want to pull outdoors info into NetSuite, the method is filled with challenges, complicating the reporting course of and limiting what finance and accounting groups can report on.
Nevertheless, Spreadsheet Server works seamlessly with NetSuite—together with common ledger and non-general ledger information—so your customers can report on all of your information in a single place. By offering a single supply of fact on your stories, you achieve higher visibility and consistency into your information and your monetary and accounting practices.
Create Advert Hoc, Customized Experiences With out IT Help
When your corporation customers want in-depth or customized stories, they need to depend on your IT group to construct. The IT group can use the Saved Searches function in NetSuite to shorten the time to seek out particular information for stories. Nevertheless, past gathering the info, every iteration requires extra time on everybody’s half till the report is lastly permitted. Though the report would possibly lastly have the appropriate formatting and data, the info turns into outdated, creating inaccuracies and inconsistencies.
With Spreadsheet Server, finance groups create their very own self-serve customized stories, bypassing the necessity for IT’s assist fully. The self-service reporting capabilities push customers to assume past customary stories and create the stories your group calls for. Utilizing a drag-and-drop report creator, your finance group creates the exact stories they want very quickly, dashing up your complete reporting course of.
NetSuite is a good product. However what I used to be lacking was the reporting side.… With Spreadsheet Server, we construct the formulation on the backside of the report, and all we have now to do is refresh the data.
–Guillermo Pineda, Company Controller, Customized Items
Acquire Context, Depth, and Wealthy Insights in Every Report
NetSuite and Excel every serve their very own goal, neither of which is a complete monetary reporting answer. Whereas they facilitate the reporting course of, they aren’t goal constructed for offering the context, depth, or insights that monetary reporting calls for.
Spreadsheet Server is constructed for finance and accounting groups to streamline the reporting course of between NetSuite and Excel whereas optimizing the stories themselves. The drill-down capabilities within the Excel-based stories allow Spreadsheet Server customers to dig into advantageous element. They achieve deeper insights into efficiency and tendencies over time and throughout places of work or entities.
The stories are additional enhanced by charts, graphs, and information maps, giving the info context so your groups can uncover new insights and concepts. When customers construct distinctive stories on demand, they will apply insights to every side of enterprise efficiency administration (EPM).
Spreadsheet Server took [NetSuite and our reporting process] to an automatic world the place I might change the date, click on a button, and replace the report. The power to right-click and get to every thing you want and export it out is what makes Spreadsheet Server an amazing instrument.
–Ted Wolf, VP International Controller, Renaissance Studying
Take Management Over Your Monetary and Accounting Experiences
Through the use of Spreadsheet Server together with your NetSuite ERP, your accounting and finance groups can have higher management and accuracy over their stories and reporting course of.
Spreadsheet Server automates information assortment and imports, saving your groups each time and frustration. Your finance and accounting groups can create their very own customized stories and make last-minute modifications to them whereas guaranteeing information accuracy. They’ll additionally create consolidated stories throughout a number of divisions and currencies. Plus, they achieve extra time to research the data within the stories, doubtlessly making a optimistic impression in your group.
See how one can get quick, versatile monetary and operational reporting with Spreadsheet Server.
Spreadsheet Server for NetSuite
Obtain Now:
