NetSuite

What do you like most?

What I appreciate most about NetSuite is that everything is in one system. As an accountant, I don't have to export files between platforms to get consolidated figures - intercompany transactions, currency conversion and reporting are handled continuously in real time. The multi-book functionality is also a big plus, as we can keep parallel accounts without duplication. Currency management is built in in a way that actually works in practice - realised and unrealised exchange rate differences are automatically calculated at period-end, saving a lot of time.

What do you like least?

Overall very happy with the system, but if I had to say anything it would be the performance in some views or when working with large reports with a lot of data - it sometimes takes a little longer to load than is desirable.

What problems do you feel NetSuite solves?

Most valuable, we can close the month faster. Consolidated figures are available on an ongoing basis rather than being manually produced at each closing, and intercompany eliminations that used to take days are now handled largely automatically. For a group with companies in multiple countries and currencies, it is hard to overestimate the value of this. In addition, the system's traceability provides peace of mind from an audit and internal control perspective - every transaction can be traced back without digging into separate systems or email conversations.

What do you like most?

Good for consolidating multiple units

What do you like least?

Slow when clicking around

What problems do you feel NetSuite solves?

Consolidation and reporting

What do you like most?

Provides us with a single platform for financial and business data, creating a clear basis for reporting and monitoring. The flexibility of the system means that it can be adapted to our processes and working methods, which is important in a growing and international business.

What do you like least?

In our day-to-day work, we find that the performance of some views and workflows is slow, creating unnecessary friction. Especially when working in central flows where speed is important. There is potential here to further improve the user experience.

What problems do you feel NetSuite solves?

Creates a common data source for financial and operational data, reducing manual labour and improving the quality of reporting. Enables better monitoring and governance in a complex, international structure with multiple companies, currencies and business models.