Keeping Pace with the Speed of Business Change?

Change is getting ever faster for financial services companies. With increasing competition, regulatory reform and evolving customer needs, financial services firms are under increased pressure to stay one step ahead, adapt quickly to the changing business landscape, and improve visibility and compliance while controlling costs.

NetSuite delivers proven, comprehensive business management capabilities built to handle change and complexity. While executing your business strategy and seeking new sources of revenue, NetSuite cloud business management suite takes your financial services organization beyond traditional accounting software by streamlining operations across your entire organization and providing the real-time visibility you need to make better, faster decisions.

Used by more than 20,000 organizations across the globe, NetSuite enables financial institutions to meet their unique needs with a single, powerful application and proactively balance risk and opportunity across business processes.

• Gain full visibility into your integrated financials with prebuilt, accounting-intelligent capabilities.
• Accept and process electronic payments from your customers in a secure and reliable manner.
• Track, manage and report the book value and depreciation of your company's fixed assets.
• Close with confidence and report financials quickly and accurately.
• Ensure proper security, support compliance and gain complete audit trail visibility.
• Configure and monitor business processes and workflows.
• Get immediate visibility into financial performance with pre-built or customized reports.

Timely Information and Insight
Improve business performance with real-time metrics and role-based dashboards.

Close with Confidence
Accelerate the financial close while maintaining compliance with applicable accounting standards.

Streamline the Back Office
Eliminate errors with automated processes and reduce the reliance on spreadsheets.

• Model and evaluate unlimited “what if” scenarios between actuals and projections and update forecasts as needed.
• Establish rolling 12-month forecasts and analyse variance between actuals versus project results.
• Create and consolidate driver-based plans with customized data entry sheets and reusable formulas and allocation methods.
• Provide self-service and easy-to-use reporting across the organization.

Reduce Planning Cycle Times
Collect inputs and assumptions, review iterations and present consolidated results in a timely manner.

Improve Forecast Accuracy
Compare and analyse actual versus projected results regularly to refine forecasts.

Align the Organization
Centralize your budget with forecast and actual information in one place, providing a single version of the truth.

• Generate a single view of a customer across all channels for complete visibility into all online, and call-center transactions and interactions.
• Build rich customer profiles based on behaviours and interactions that can be made available to sales, marketing and support personnel.
• Create target segments for highly focused, personalized upsell and cross-sell campaigns and promotions.
• Understand your customers’ true lifetime value.
• Reduce service costs, improve customer satisfaction and retention, and provide a consistent customer service experience across all channels.

Improve Customer Relationships
A true 360-degree view of the customer, including sales, support cases and financial transactions.

Efficient Accounts Management
Create a holistic view of all accounts and their contacts with related activities in a single view.

Boost Sales Productivity
Enable effective collaboration and team selling to streamline the sales cycle.

• Automate revenue recognition with financially intelligent capabilities to report results in accordance with accounting standards.
• Automatically generate and dispatch invoices at recurring intervals on time.
• Schedule renewals automatically or set reminders in advance to pursue upsell and cross-sell opportunities.
• Package and offer the service you want based on the type of rates and duration needed.

Timely Information and Insight
Improve business performance with real-time access to revenue-related ending balances and revenue recognized.

Streamline the Process
Take control of recurring processes by automating billing cycles and renewal periods.

Align the Organization
Unify all stakeholders with one system, from sales and service reps to finance managers and executives.

• Get complete human capital management capabilities and streamline processes by providing tightly integrated recruiting, HR, talent management, time accounting and payroll.
• Improve employee and management satisfaction and retention with complete self-service functionality and managerial approval workflows that allow employees to perform, and track, many transactions themselves.
• Easily manage complex commission plans to drive corporate goals.
• Empower your employees with complete accessibility, visibility and automation of workplace events.

Simplify Core HRIS
Simplify employee resource management and easy record management and streamlined on boarding.

Minimize Payroll Headaches
Reduce payroll administrative overhead, and the risk of errors, with NetSuite’s complete payroll management capabilities.

Attract and Retain the Right Employees
Inspire and motivate a modern workforce with mobile, social and cloud at the heart of the system.

• Request approval to procure goods and services quickly and easily.
• Optimize procurement for recurring needs with negotiated terms, tiered pricing, and pre-specified delivery schedules.
• Enforce compliance with purchasing thresholds and guidelines.
• From acquisition through payment, automate the complete procurement process for goods and services.
• Accept a variety of credit and debit card types and other electronic forms of payment for online payment processing needs.
• Establish budget and spend controls to ensure compliance with policies.
• Maximize the accuracy and timeliness of your timesheet and expense processes with online self-service tools.
• Gain real-time visibility into the spending trends across your organization.

Control Spend
Automate the procure-to-pay process and drive greater visibility into spend.

Ensure Compliance
Configure requirements, authorizations and approvals.

Engage Users
Simple, intuitive user interface makes it easy for users to engage with the system.

• Ensure compliance and accommodate requirements with easy and timely customized reporting.
• Create reports and dashboards that combine operational and financial data and KPI’s.
• Analyse statistical measures and results for each department, location, funder/donor and more.
• Gain instant, real-time visibility for all key stakeholders, from high-level summaries down to the underlying transactions.
• Ensure compliance and minimize risk with robust security, segregation of duties and fully auditable business processes.

Insight
Real-time transparency into company performance across all business functions—from summary level to transaction level.

Single Version of the Truth
A single version of the truth with all of your data residing in a single source.

• Adjust for currency, taxation and legal compliance differences at the local level, with regional and global business consolidation and rollup.
• Global CRM provides visibility into every aspect of your multinational organization, even with multiple languages and currencies, including forecasts and campaigns.
• Manage inventory and fulfilment across multiple locations.
• Run multi-store / multi-country / multi-site ecommerce with country-specific web stores and websites managed from a single NetSuite account.

Efficiencies
Manage your entire global operations on a single unified platform.

Rapid Financial Close
Real-time management and financial automation capabilities can significantly reduce time to close.

Visibility
Role-based dashboards provide instant insight across the hierarchy of subsidiaries.