NetSuite accounts receivable (AR) enables businesses to easily and quickly generate and send invoices, define credit terms, manage collections — and gain the liquidity needed to fund growth, shorten the credit-to-cash cycle and seize new investment opportunities as they arise. With real-time visibility throughout the entire AR process, finance teams can check the status of receivables anytime, at the macro level as well as down to each individual customer and invoice. Automatically post order transactions to general and AR ledgers, with accurate tax calculations on each invoice, for rapid, precise tax processing and billing. NetSuite automates manual accounts receivable processes and empowers finance teams to issue digital invoices and offer multiple payment options to speed collections. NetSuite delivers the insights you need. Configurable dashboards, reports and KPIs provide a real-time view into customer aging, invoice analyses, recurring invoices and deferred and recognised revenue calculations, with exception reports to flag account anomalies. Built to run your entire business, NetSuite delivers an end-to-end accounting solution, enabling cash flow and revenue management, automatic quote-to-order fulfillment and integrated planning and budgeting. Go beyond basic bookkeeping with functionality that can free finance teams from mundane tasks and reduce the need for additional headcount. NetSuite accounts receivable offers real-time insights and robust automation capabilities. The system is readily configurable, with AR-specific dashboards that put you in total control of your company’s AR process. Role-based dashboards can be personalised with reminders and links to commonly used actions and reports. NetSuite’s “at-a-glance” format helps finance teams zero in on important information and activities to accelerate collections and minimise days sales outstanding (DSO). Role-based dashboards can be personalised with reminders and links to commonly used actions and reports. NetSuite’s “at-a-glance” format helps finance teams zero in on important information and activities to accelerate collections and minimise days sales outstanding (DSO). Automatically convert sales orders to invoices as orders are fulfilled. Easily customise invoice templates to meet customers’ unique billing needs. Bill by mail, email, fax or electronically. Easily calculate VAT, sales and other taxes. Posting transactions to the general ledger automatically saves time, avoids error-prone manual data entry and ensures accounts receivable data is always up to date. Streamline the billing process with consolidated invoicing. When customers place multiple orders within a single billing period, NetSuite combines statements into a unified invoice. When payment is made, it is allocated to each order. Finance teams get faster billing and more efficient invoice processing. Customers pay once, increasing convenience while reducing days sales outstanding (DSO). Accept payments via cash, credit card, check, bank transfer, electronic funds transfer (EFT) or another electronic format. Automatically match customer payments to open invoices, or apply a single payment to multiple bills. Track customer deposits against performance milestones for accurate billing, apply credits automatically and manage refunds with ease. NetSuite Payment Link makes it easier for businesses to receive payment by including a “pay now” option on electronic and printed invoices. Proactive, consistent customer outreach speeds accounts receivable collections. With NetSuite, companies can automatically send reminders in multiple languages and currencies before or after payment is due. Finance teams gain the flexibility to administer company policies while customising communications to white-glove customers Configurable AR reports, easy-to-use tools and custom segments allow for multidimensional analysis of receivables data. Report unpaid balances by region, salesperson, distributor or other criteria, and track payment history to identify customers that routinely pay late to improve collections forecasts. Steven Marks Eliminate manual processes. Automate data entry, billing and cash application processes and improve receivables reconciliations. Produce more accurate and timely financial statements with automated revenue recognition that’s compliant with domestic and international regulations. Automate the application of sales and use taxes on all invoices. Automated dunning and collection notices reduce days sales outstanding (DSO). Retrieve invoice, payments and customer receivable data directly from within NetSuite. Automate and streamline every aspect of invoice delivery, credit term issuance and collections management Get real-time visibility throughout the accounts receivable process, from the macro level down to individual customers and invoices. Automate the dunning process to reduce DSO — with customer care in mind. What is NetSuite Accounts Receivable?
Simplify and Automate
Reporting and Insights
Power of the Suite
NetSuite Accounts Receivable Features
Customer Records
Accounts Receivable Dashboard
Automated Invoicing
Invoice Consolidation
Payment Management
Dunning and Collections
Reporting
“NetSuite gives us the ability to integrate all our systems, throughout the world, to give us accurate and up-to-date financial numbers that I need to really make the right decisions for my business.”
Founder/CEO, Guzman y Gomez Accounts Receivable Benefits
Gain Efficiencies
Increase Accuracy
Ensure Tax Compliance
Improve Collections
Information at Your Fingertips
Challenges NetSuite Accounts Receivable Solves
Manual, Error-Prone Processes
Lack of Visibility
Late and Overdue Invoices
Resources
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