NetSuite ERP
- Engine: ERP/Accounting engine
- Business Process Area: Lead-to-Quote, Order-to-Cash, Procure-to-Pay, Call-to-Resolution, REcord-to-Report
The only web-based business software suite that allows growing and midsize companies to run their entire business with one integrated system, including accounting/ERP, CRM, and ecommerce.
Module Overview
The finance and accounting module is the most important ERP module because it allows businesses to understand their current financial state and future outlook. Key features of this module include tracking accounts payable (AP) and accounts receivable (AR) and managing the general ledger. It also creates and stores crucial financial documents like balance sheets, payment receipts and tax statements.
The finance module can automate tasks related to billing, vendor payments and account reconciliation, helping the accounting department close the books in a timely manner and comply with current revenue recognition standards. It also has the data that financial planning and analysis employees need to prepare key reports, including profit and loss (P&L) statements and board reports, and run scenario plans.