Smarter financial consolidation starts with NetSuite
Financial clarity starts with better consolidation. NetSuite Financial Consolidation helps you bring multiple entities, currencies and financial data together in one connected ERP, giving you a complete view of business performance while reducing manual work and speeding up the financial close.
Is financial consolidation slowing your business down?
As your business grows, financial consolidation becomes more complex. Multiple entities, currencies and manual processes can slow down your financial close, reduce reporting accuracy and make it harder to trust your numbers. If any of these challenges sound familiar, it may be time for a better approach.
- Month-end close takes too long
- Too many spreadsheets
- Manual intercompany eliminations
- Multiple currencies and entities
- You can’t trust your group reporting
- Limited financial visibility
Talk to a NetSuite expertMore entities shouldn’t mean more spreadsheets.
Stop chasing numbers. Start trusting them. NetSuite automates financial consolidation, helping you reduce manual work, improve reporting accuracy and gain complete visibility across your business. We’ll help you make financial consolidation easy again.
What better financial consolidation looks like
Financial consolidation is about more than combining numbers. It’s about giving finance teams the clarity they need to close faster, report more accurately, and make better decisions. With NetSuite Financial Consolidation, you can expect:
- Always compliant and audit-ready (e.g., IFRS, GAAP).
- A faster financial close with less manual work
- More accurate group reporting you can rely on.
- Simplified global financial management.
- Real-time insight into business performance.
- A scalable finance platform that easily scales.
- Built-in support for multi-entity and multi-currency businesses.
- Automated intercompany eliminations instead of manual reconciliations.
- One reliable financial view across every entity, currency, and subsidiary.
Consolidation is only one part of your financial management
NetSuite goes beyond faster consolidation. It connects financial management across your organisation, giving finance teams the automation, control and infrastructure needed to manage increasingly complex businesses.
- Accounting: Automatically consolidate financial data from your general ledger, accounts payable, accounts receivable, and journal entries without manual exports.
- Planning & Budgeting: Compare actual results against budgets and forecasts to understand business performance and improve financial planning.
- Procurement: See how purchasing activity affects costs, profitability and consolidated financial performance across every entity.
- CRM: Connect sales performance with financial reporting to understand how revenue impacts consolidated business results.
- Project Management: Track project costs, revenue and profitability alongside your financial statements for a complete view of business performance.
- NetSuite OneWorld: Manage multiple subsidiaries, currencies and local tax requirements while consolidating financial results from one platform.
- BI Book: Transform consolidated financial data into interactive dashboards, KPIs and management reports for deeper business insights.
Talk to a NetSuite expertBring clarity to financial consolidation. With NetSuite, we’ll automate consolidations, reduce manual work and gain a complete financial view across every entity with NetSuite.
Financial consolidation is only as good as its implementation
NetSuite provides the technology. Greenstep helps you make the most of it. Our consultants combine ERP, finance and accounting expertise to design consolidation processes that improve reporting, reduce manual work and support long-term business growth.
Why Greenstep:
- NetSuite and OneWorld specialists
- Finance, accounting and IFRS expertise
- Experience with international, multi-entity organisations
- Implementation, optimisation and ongoing support
- 800+ specialists across finance, technology and business advisory
Talk to a NetSuite expertFinancial clarity starts here.
Discover how NetSuite Financial Consolidation helps you automate group reporting, simplify multi-entity accounting and gain one reliable financial view across your business.
The benefits of using NetSuite for consolidating
Improved Accuracy and Compliance
NetSuite’s financial consolidation functionalities help ensure accuracy and compliance with various accounting standards, such as GAAP, IFRS, and others. Automated intercompany eliminations and currency conversions reduce the likelihood of errors, while built-in compliance features ensure adherence to regulatory requirements.
Enhanced Financial Visibility
The platform provides a comprehensive view of your company’s financial health through consolidated financial statements. This visibility allows for better decision-making and strategic planning, as executives can quickly identify trends and areas needing attention.
Time and Cost Savings
By automating many of the manual tasks involved in financial consolidation, NetSuite significantly reduces the time required to close the books. This efficiency translates to cost savings, as finance teams can focus on higher-value tasks rather than repetitive manual processes.
Streamlined Multi-Entity Management
For companies with multiple subsidiaries or business units, NetSuite simplifies the complexities of managing diverse financial data. The platform supports multi-currency, multi-language, and multi-subsidiary operations, enabling seamless consolidation and reporting across the entire organization.
Customizable Reporting
NetSuite offers powerful reporting tools that allow users to create customized financial reports tailored to their specific needs. These reports can be generated in real-time and shared across the organization, ensuring that all stakeholders have access to critical financial information.
Enhanced Collaboration
With cloud-based access, NetSuite facilitates better collaboration among finance teams, regardless of their location. Teams can work together on financial consolidation processes, share insights, and ensure alignment on financial goals and strategies.
FAQ about financial consolidation
Talk to a NetSuite expertClose faster. Report smarter.
Our NetSuite specialists help growing businesses simplify financial consolidation, improve reporting and gain complete visibility across every entity.