NetSuite Financial Management

Streamline your accounting and finance processes with one powerful, integrated solution.

Imagine a finance team with real-time insights and minimal manual work. That’s the power of NetSuite Financial Management. It eliminates frustrations like error-prone spreadsheets, slow month-end closes, limited visibility, and compliance risks. With NetSuite’s cloud platform, these obstacles disappear—allowing your finance team to focus on strategy instead of administration.

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What is NetSuite ERP?

NetSuite is a cloud-based ERP platform that integrates all business processes including finance, procurement, sales, and inventory into a single system. For finance teams, this means: real-time visibility, reduced manual effort, and full control over figures, cash flow, and compliance.

NetSuite Financial Management is the financial core of the platform, offering modules for accounting, consolidation, planning, and reporting designed for scalability and global growth.


Powerful Features

  • General Ledger & Multi-Currency (with multi-subsidiary support)
  • Automated Accounts Receivable & Payable
  • Cash Management & Bank Reconciliation
  • Advanced Revenue Management (ASC 606 / IFRS 15)
  • SuiteBilling for subscription and usage-based billing
  • Planning & Budgeting – AI-driven financial planning and forecasting
  • Multi-Book Accounting & Consolidation – parallel books for multi-GAAP compliance
  • Fixed Asset Management & Amortization
  • Tax Management (VAT, sales tax) – integrated global tax compliance
  • Account Reconciliation & Automated Close – faster period-end closing


What are the advantages of NetSuite Financial Management

Real-time control over your financials

Always work with the most up-to-date figures. Dashboards and live KPIs provide real-time insight into cash flow, margins, and expenses. Everything is in one system, so you rely on a single version of the truth. Deviations are visible immediately, enabling fast corrective action. The result: faster decision-making without delays from outdated reports.

AI-driven planning & forecasting

With built-in AI and machine learning, NetSuite takes financial planning to the next level. It detects patterns in historical data and generates predictions that help finance teams budget with greater accuracy. What-if scenarios that used to take hours in Excel are now modeled in seconds. You can instantly compare best-case and worst-case economic outcomes and see the impact on cash flow and profitability. AI-driven forecasting leads to more realistic projections and agility in a rapidly changing market. It also reduces time spent collecting data, allowing finance professionals to focus on strategy.

Multi-book accounting & global consolidation

Operating internationally? NetSuite is ideal. Run multiple accounting standards in parallel (e.g., local GAAP and group reporting) without extra effort. Currencies are automatically converted, intercompany transactions eliminated, and consolidation happens in real-time. The result: faster closing, full visibility, no spreadsheet chaos.

Advanced Revenue Management

Standards like ASC 606 and IFRS 15 are built into the system, so you always work in line with the correct regulations—without the need for manual checks. Audit trails, access controls, and standard reports make your financials audit-ready by default. The Advanced Revenue Management (ARM) module automatically processes complex contracts and subscriptions in accordance with the correct revenue recognition rules. What used to take hours of manual work is now largely automated with NetSuite ARM.

SuiteBilling – Flexible billing for modern revenue models

SuiteBilling ondersteunt complexe prijsmodellen zoals abonnementsdiensten, usage-based billing en projectgebaseerde facturatie. Het systeem automatiseert facturatie, omzetherkenning en contractbeheer, met volledige integratie in je ERP- en CRM-processen. Of je nu werkt met maandelijkse abonnementen, jaarlijkse facturatie of maatwerkcontracten, SuiteBilling zorgt voor nauwkeurige, tijdige en conforme verwerking. Hiermee verklein je risico’s op revenue leakage en zorg je voor consistente, voorspelbare inkomstenstromen.

Planning & Budgeting – Confident scenario modeling

NetSuite Planning & Budgeting delivers powerful tools for building financial plans, forecasts, and budgets—all integrated with real-time data. Finance teams can easily analyze what-if scenarios, adjust budgets, and refine forecasts using live financial insights. Self-service dashboards and interactive reports help CFOs and controllers respond faster to market changes and make more accurate projections for cash flow, profitability, and investments.

Accounts Payable – Automated, cost-reducing AP management

NetSuite Accounts Payable automates the entire purchase-to-pay process, including approvals, matching, and payments. The system automatically detects mismatches between purchase orders, receipts, and invoices, flagging exceptions instantly. This drastically reduces processing time and prevents double payments or lost invoices. Discounts are applied automatically, all documents are traceable, and every step is auditable. The result: fewer errors, better control, and higher productivity within your finance department.

SuiteTax – Global tax compliance simplified

SuiteTax automates tax calculation and reporting in over 50 countries, handling complex VAT structures, currency rates, and local regulations. Whether you’re working with German MwSt, Canadian HST, or Australian GST, the correct rates are applied to each transaction. It also supports intra-EU transactions and reporting. The SuiteTax API enables seamless integration with external tax solutions, ensuring global compliance while reducing your administrative burden.

Cash Management – Real-time global cash visibility

NetSuite Cash Management provides a centralized overview of all bank accounts, transactions, and cash flows across the globe. Treasury teams can instantly create cash flow forecasts, perform reconciliations, and allocate payments across entities or currencies. With real-time bank updates and integration with other finance modules, you always have up-to-date liquidity insights—enabling CFOs to make more strategic decisions around cash positions, investments, and risk management.

Payments (SuitePayments) – Alles-in-één oplossing voor veilig betalingsverkeer

SuitePayments centraliseert en vereenvoudigt je gehele betalingsverwerking. Het systeem ondersteunt uiteenlopende betaalmethoden zoals creditcards, automatische incasso en elektronische betalingen; lokaal en internationaal. Ook terugkerende betalingen, gesplitste transacties en termijnbetalingen worden naadloos verwerkt. Veiligheid is gegarandeerd dankzij out-of-the-box compliance met verificatie-, authenticatie- en encryptiestandaarden. Door alle betaalstromen realtime te monitoren en te beheren vanuit één platform, verbeter je je cashbeheer, minimaliseer je risico’s en voldoe je aan lokale wet- en regelgeving.

Interesse in NetSuite Advance Revenue Management?

Marcel van Es accountmanager netsuite

Marcel van Es

Commercial Manager NetSuite

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