Flexible Financial Management Solutions to Accommodate Your Dynamically Changing Business Needs
InnoVergent is proud to be a NetSuite solution consultant. Oracle | NetSuite enables organizations to manage IT costs, optimize accounting efficiency, streamline order management and procurement processes, eliminate manually-intensive spreadsheet-based reporting and improve productivity. Oracle | NetSuite is the complete ERP you need to run your business.
With more than 40,000 organizations using the Oracle | NetSuite Solution, here are some of the benefits these companies are experiencing:
- Reduced IT costs by 50% or more
- Accelerated financial close by 20%-50%
- Cut order-to-cash cycle by 50%+
- Reduced audit preparation time by 50%
- Reduced invoicing costs by 25%-75% promotional efforts
- Reduced days sales outstanding (DSO) by 10%-20%
Key benefits and highlights of the Oracle | NetSuite software solution from InnoVergent include:
Comprehensive Accounting and Finance – Get improved financial operations efficiency and productivity with a single, integrated system to handle all core processes for users anywhere in the world.
- Standard general ledger functionality
- Flexible workflow tools to customize processes
- Multi-currency support
- End-to-end visibility into your receivables and payables
- Complete fixed asset lifecycle tracking and reporting
- Automatic revenue recognition in accordance with accounting standards
- Full-service payroll processing
Timely Financial Close – Reduce time and resources spent investigating and resolving errors by centralizing management of all period-end close activities.
- Detect and respond to problems before they escalate or occur
- Period locking to prevent incorrect postings to future periods
- Period close task checklist to be completed sequentially
- Financial adjustments for intercompany transactions, foreign currency revaluation and inventory
Ongoing Compliance – Ensure revenue recognition, tax requirements and financial reporting is in accordance with various accounting standards and government regulations.
- Produce financial reporting in accordance with GAAP, IFRS and multiple other accounting standards using multi-book accounting capabilities
- Pre-built tax filing and reporting tools that are country-specific
- Customizable roles with permissions that support segregation of duties
- Audit trail visibility into detailed transaction history, reports and saved searches
Real-time Reporting and Analytics Anywhere – See consolidated financial results for any part of the business at a summary level and all the way down to the underlying transactional details.
- Personalized dashboards to monitor the KPIs important to any role
- Pre-built accounting reports and an easy-to-use report builder for customizing ad-hoc reports
- Consolidated financial reporting for multiple subsidiaries and currencies
- Access to information on-the-go with a mobile device
SEE ORACLE | NETSUITE SOFTWARE SOLUTION IN ACTION