NetSuite User - Ease of Multi-currency management
November 26, 2019
NetSuite User - Ease of Multi-currency management
Score 8 out of 10
Vetted Review
Verified User
Software Version
NetSuite Financials
Modules Used
- AdvancedFinancials
- Recurring Billing
- Revenue Recognition
Overall Satisfaction with NetSuite
The entire Finance department is using NetSuite. We use this in conjunction with Adaptive Insights for all our financial reporting. We use the software as our statement of record in all things finance related. All journal entries are posted in Netsuite. During the monthly close, we integrate the financial data from Netsuite into Adaptive to generate our P&Ls that are distributed to all the business managers within our organization.
- Customized searches.
- Fixed Asset Module.
- Ease of access through a web browser.
- Easier report searches.
- The budget module is too cumbersome. I have manually delete each department element.
- Need a better layout for vendor management.
- Batch processing allows ease of approving entries.
- Ease of management multi-currency entities.
- Ease of integration with Adaptive Insights
Not yet, but I'm interested in Oracle user groups - MS Dynamics - GP. The value I get from the user group is a quarterly meetup that allows me to network with other GP users and also provide tutorials in best business practices. I would love to join an Oracle user group to take classes in PL/SQL and other Oracle products.
NetSuite is a massive enterprise-grade ERP system that expertly manages a global organization's financials. My organization has offices in many different countries, and NetSuite provides a superior infrastructure that manages multi-currency journal entries with ease and also consolidates all the foreign entities for a birds-eye view for reporting.