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Oracle NetSuite Close Management

Close fast, and with confidence

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Our Customers

As businesses grow, the complexity of the financial close process can increase, resulting in a greater need for automation and control. With Oracle NetSuite’s automation capabilities, businesses can streamline key close processes, reduce errors, and improve financial controls and compliance. 

Oracle NetSuite Close Management provides a comprehensive suite of features to help you optimise your financial close processes. With greater visibility and transparency, Oracle NetSuite will make it easier for finance teams to identify and resolve issues efficiently and effectively. 

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Benefits of Implementing
Oracle NetSuite Close Management

  • Increase efficiency and reduce errors
  • Standardise the close process
  • Adhere to regulatory requirements
  • Improve reporting with accurate numbers
  • Reduce the risk of financial fraud
  • Minimise manual data entry

Features of
Oracle NetSuite Close Management

NetSuite Inventory Management minimizes manual processes by automatically tracking inventory levels, orders and sales throughout the inventory life cycle, and provides clear visibility into any inventory liabilities.

Close Process Checklist

Oracle NetSuite Close Management provides a standardised checklist that helps businesses to ensure the financial close process runs smoothly. These features assure the closing tasks are completed in the correct order, making it easier for the accounting staff to gain a better understanding of the close cycle.

Bank Reconciliation

Improve the accuracy of your financial records with Oracle NetSutite's account reconciliation and banking integration features. These features will help you to import bank statement data, match completed transactions to existing accounting records, and create journal entries for missing transactions.

Transaction Matching

Oracle NetSuite Close Management provides solutions that prevent delays in processing customer payments. By matching customer payments with open invoices and updating the general ledger automatically, this feature will help you to reduce the risk of error and ensure your financial statements are accurate.

Financial Consolidation

The hardest part of the closing process for companies with subsidiaries is compiling consolidated financial statements. Oracle NetSuite features will automatically post and consolidate subsidiary level accounts, reducing time and enhancing compliance with accounting standards and reporting obligations.

Customer Success Story

Why Choose Shearwater Asia

Shearwater Asia is your trusted, Chinese, English, Korean, and French consulting partner for implementing cloud technologies in your Asian business. Our multilingual team (Japanese) offers top-notch customer support to resolve any issues and provide actionable solutions promptly.

Our experienced consultants have a proven track record of over 200 successful financial planning and analysis implementations, providing tailored solutions to meet clients’ specific needs and objectives. 

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Information

Shearwater Asia has grown rapidly as the leading financial digital transformation consultant in the ASEAN and Asia Pacific regions, with clients in Singapore, Malaysia, Indonesia, Thailand, Vietnam, Japan, China, Taiwan, and South Korea.

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Shearwater Asia | Finance and IT Digital Transformation Consultancy

Shearwater Asia is a leading one-stop finance and IT digital transformation consultancy in Asia with over 14 years of experience implementing financial automation projects and other cloud solutions that help businesses automate workflows. We are the FY23 Solution Provider of the Year Award – Rising Star of Workday partners with one of the region’s biggest teams of cloud consultants. Shearwater Asia offers a suite of cloud solutions that entail a cloud Enterprise Resource Planning (ERP), Enterprise Performance Management (EPM), account reconciliation and the financial close process automation, inter-company financial consolidation, stack integration and workflow automation platform.

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