NetSuite Financial Software

NetSuite Accounts Payable Features:

Streamline Critical Processes

Match your purchase orders, vendor invoices, and receipts with ease and speed. Eliminate efficiency-draining manual input and processing. NetSuite Accounts Payable helps finance professionals achieve visibility, accuracy, and efficiency.

• Record Entry and Check Printing
  Populate check fields, schedule batch check prints, and prepare the mailing of payments automatically.

• Reporting
  Create reports based on expense type, due date, payment date, payment period, payment status, internal source, and vendor. Map out which payments have been made, which have been made but have not yet cleared, and which have been processed.

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• Master Vendor List
  Track individual payments alongside an ongoing vendor database. This vendor list can consolidate data including contact info, addresses, and vendor terms.
• Payment Planning
  Making early payments can prove beneficial if there’s financial incentive. NetSuite AP helps you identify upcoming payments and the best timing in which to make them.
• Purchase Order and Invoice Reconciliation
  Identify payment authenticity by reconciling invoices and POs with corresponding AP entries. Associate payment records with the original POs and/or vendor bill helps to reduce errors and fraud.
• 1099 Reporting (US)
  Flag and create the paperwork for non-payroll payments to non-corporate entities to provide the right tax forms.
• Integration
  Integrate your PO module and master vendor list to benefit both your AP and PO processes. Easily identify payments that have been made and reconcile AP and bank records.
• Advanced Reporting
  Customize fields, report using complex instructions, and create graphical reports to improve your business’s overall efficiency.

NetSuite Accounts Payable Benefits:

• View all debits, credits, revenues, and costs within the same accounting period for more accurate profit and loss statements.
• Eliminate manual payment processing of loan, rent, and utility bills.
• Add custom data fields for unique business processes.
• Enhance purchase tracking, credit card use, and employee advances with detailed reporting.
• Take advantage of early-payment discounts from vendors.
• Fully automate check and payment processing for efficiency and cash management.
• Develop custom workflows according to business needs.
• Cut costs by managing your payables to avoid late-payment penalties.

NetSuite Accounts Receivable Features:

Make Smarter Business Decisions

NetSuite Accounts Receivable helps you manage customer credit and assure you’re paid on schedule. Since these payments fuel your business, properly recording, managing, and tracking your receivables is vital.

• Use a consistent master customer list to store detailed, individual customer records.
• Connect each receivables entry post with the appropriate customer in real time.
• Advanced sorting capabilities allow you to easily identify customers in good standing versus those with late payments.
• Quick, automated information updates help you make more informed, key business decisions.
• A reliable, ongoing customer database can help you to manage your customer relations effectively.

NetSuite Accounts Receivable Benefits:

• Sharpen your understanding of your financial position.
• Make smarter business decisions.
• Gain a clear view of your current and projected cash positions.
• Improve your customer credit management.
• Ensure data accuracy.
• Save time by avoiding the process of deciphering overdue payments and interest charges.

NetSuite Electronic Payments Features:

Electronic Payments for Electric Payoffs

Make it easier for customers to do business with you by accepting a variety of payment options. Make it easier for your company to manage finances. Simplify your operations with a single system and single set of records for all payment processing.

NetSuite’s platform offers several payment processing options to capture funds and disburse payments. Easily connect your accounts receivable and accounts payable processes with third-party payment systems, processors, and financial institutions to collect funds and make payments. NetSuite handles processing activities including invoice payments from accounts payable, settlements against credit card accounts and bank accounts for accounts receivable, and bank account transfers. This automation and consistency streamlines your business. In turn, you’ll notice your payments are made on time efficiently and your books are always accurate, updated in real time.

• EFT (Electronic Funds Transfer)
  Allow customers to authorize the transfer of funds from their bank accounts to your bank accounts to pay their invoices for simplified payment processing.
• Customer Credit Card Processing
  CNetSuite’s end-to-end credit card processing efficiently handles credit card payments for both sales orders and website orders.
• Online Bill Pay
  Make payments without manually printing, signing, and sending checks.
• Google Checkout
  Use Google Checkout to capture funds when processing orders from your webstore. Offering Google Checkout is offering a simple payment method to your customers.
• Direct Deposit for Payroll
  Use the direct deposit feature to disburse payroll funds directly to employees’ bank accounts.
• PayPal Express Checkout
  Make PayPal an option for your customers. Use PayPal Express Checkout to capture funds if you process orders from a webstore.
• Electronic Payments
  NetSuite Electronic Payments is freely available to all NetSuite customers. This module provides electronic banking functionality including ACH, EFT payments, direct debit collections, check fraud prevention with Positive Pay, and more.
• ACH Processing
  ACH (Automated Clearing House) smoothly processes financial transactions through the ACH Network for fast, reliable funds capture and disbursement.

NetSuite Electronic Payments Benefits:

INTEGRATED. CUSTOMIZABLE. EASY. WALLET FRIENDLY. GREEN.

• Unlock productivity by streamlining order-to-cash and cash-to-reconciliation processes.
• Simplify your financial operations with a single system and a single set of records for all payment processing (web order, phone order, cash sale, or invoice payment).
• Set up payment processing across multiple organizations, regions, and currencies.
• Improve cash flow and shorten time to payment with cost-effective credit card, business card, and purchasing card acceptance.
• Capture funds for web orders as payment processing integrates with your website.
• Make it easier for customers to do business with you by accepting a variety of payment options.

NetSuite General Ledger Features Can:

Transform Rigid, Static GL into Flexible, Workable Opportunity

NetSuite ERP includes SuiteGL, a cloud-based general ledger that outperforms your typical one-size-fits- all GL. NetSuite General Ledger gives finance departments more flexibility in their accounting software with new customization features.

Be more dynamic. Tailor financials to the way YOU do business. Gain company-wide insight with next-generation accounting.

Custom GL segments: no limits.

• Ensure that GL financial impact follows double-entry accounting principles and balances across all segment combinations.
• In addition to reportable segments (department, class, location), add region, territory, division, product line, item family, and channel.

Custom transaction types: designed uniquely.

• Easily design transaction types tailored to your company or industry.
• Define entirely new business processes with your own approval process and routing, discrete audit trail, permission controls, and type-specific transaction numbering.

Custom GL lines: no manual labor

• Automatically attach additional general ledger impact lines to existing processes such as sales, invoicing, or vendor bills.
• Add custom GL impact lines to standard transactions across single or multiple accounting books.

NetSuite General Ledger Benefits:

• Improve GL accuracy and save time.
• Generate more effective reporting and analytics
• Eliminate manual entries and errors.
• Simplify business transactions with other countries.
• Measure performance at a more finite level.

NetSuite Competitive Switch Benefits:

Move Beyond Point Packages to a Complete Solution

Support your entire company— accounting, sales, fulfillment, service, and more — while eliminating the transfer and re-keying of data between multiple applications.

Software packages like QuickBooks solve limited issues and leave you with multiple islands of data and expensive integration projects that never work. Information has to be manually re-entered or batched into other applications, wasting both time and money. NetSuite takes the burden off your growing organization by providing a comprehensive solution that lets you focus on running your business.

NetSuite Competitive Switch Features

Are QuickBooks & Peachtree too limited for your business?

• World-class cloud infrastructure.
• Reliable, fault-tolerant, built-in disaster recovery.
• Security against hacking and data theft.
• Simple yet powerful management of user-access restrictions and audit trail.
• No practical limits of user count, volumes, or performance.
• High levels of customizability without writing code.
• Customized workflow and ability to add unlimited files and fields.
• Personalized dashboards and easily customizable reporting.

A 360-degree view from a unified platform vs. separate views and versions from stand-alone applications.

• NetSuite provides deep integration of data and business functions. Unlike stand-alone software, NetSuite CRM reaches deep into the transaction engine of NetSuite.
• Many companies fail to make the vital link between marketing campaigns and sales execution. NetSuite’s marketing automation software bridges that gap. What about sales to service? And the entire cycle of lead to cash, order to fulfillment, etc?
• Old data, unverifiable data, multiple versions of the truth? These are issues companies face when they’re lacking a unified, complete view of their business performance and true, consistent insight into organizational health.

NetSuite Order Processing & Fulfillment Features:

Expedite & Simplify Your Order-Fulfillment Cycles

NetSuite expedites your order-to-cash process by eliminating manual bottlenecks and errors and establishing a smooth flow from sales quote to approved order, order to fulfillment, and invoicing to payment. NetSuite Order Processing integrates your sales, finance, and fulfillment teams, thereby improving quote accuracy, eliminating billing errors, strengthening revenue recognition processes, and driving fulfillment accuracy and efficiency.

• Automatic integration with shipping, billing and invoicing, A/R, inventory, and more.
• Out-of-the-box shipping integration.
• Highly visual analytics and reporting.
• Dashboard alerts and exception reporting.
• Real-time order tracking and visibility.
• Automatic shipping-label generation.

NetSuite Order Processing & Fulfillment Benefits:

• Save time and money by easily customizing shipments and automatizing bulk fulfillment processes.
• Optimize customer interaction by customizing order forms by class of user.
• Increase customer satisfaction with simple self-service tracking tools available 24×7.
• Bypass manual data exchange among order management, shipping, and customer service.
• Link tracking numbers with sales orders, invoices, and customer records for enhanced visibility.
• Improve efficiency with one-click electronic routing integration with FedEx® and UPS®.