NetSuite cash management solution provides real-time access to bank and credit card data, accelerates the reconciliation process and boosts the accounting team’s efficiency. Automatic imports provide an accurate picture of your current cash position so finance has the information and insights they need to optimise working capital, forecast cash requirements and deliver accurate reporting. Set your bank and credit card accounts to automatically import into NetSuite and get real-time cash flow insights. Automate bank account management and reconciliation. Create and post transactions automatically from imported bank data. Effective cash management is critical to success for every business. When leaders lack visibility into daily balances, the company may face a financial crisis. NetSuite cash management delivers access to real-time financial data, eliminates inefficient manual processes and provides greater control of cash resources. Reduce the time and effort required to reconcile bank and credit statements with general ledger accounts. An intelligent rules engine compares bank data to existing transactions, automatically reconciles matching entries and flags exceptions so they can be addressed. Automatically post transactions from imported bank and credit card data based on user-defined criteria. Save time and lessen the risk of errors by minimising manually created and posted journal entries. Coordinate the reconciliation process to auto-post journal entries, freeing accounting teams to focus on managing exceptions. Ease cash flow management with real-time views of your cash positions and the ability to generate fast and accurate near-term forecasts with the NetSuite Cash 360 dashboard. Predict future cash trends and perform what-if analyses to estimate the impact of planned expenditures, factor in additional funding sources and generate forecasts that include current and historical data. Enable creation of payment files or direct debit information in your bank’s predefined file format. Automatically import or submit payments to save time and reduce payment processing expenses by eliminating checks, postage and envelopes. Automate imports of bank and credit card data from thousands of financial institutions around the world to give finance personnel a clearer view of daily cash availability. Tim Murton Real-time data helps financial managers make informed decisions about how and when to allocate cash. Improved tracking of payments, credit card charges and bank balances ensures financial resources deliver maximum benefit to the company. Regular reconciliation of bank and credit card transactions makes balancing the general ledger easier and saves time during the close process. Real-time financial visibility gives teams the tools and information they need to balance cash on hand with current liabilities. Automated data imports and reconciliations increase productivity by eliminating repetitive manual tasks. Keep bank records and account balances in sync, saving time and allowing more frequent reconciliations. Auto-posting journal entries improve data quality by reducing error-prone manual data entry. What is NetSuite Cash Management?
Easily Manage Your Cash
Save Time, Improve Accuracy
NetSuite Cash Management Features
Automated Reconciliation
Auto-Post Journal Entries
Cash Flow Management
Electronic Bank Payments
Banking Integration
“If anyone wants business data or insights, they go to NetSuite, not another system or someone’s spreadsheet. It’s the source of truth for everything we do.”
CFO, SYPAQ Cash Management Benefits
Real-time Insights
Internal Controls
Faster Close
Challenges NetSuite Cash Management Solves
Maintaining Sufficient Liquidity
Inefficient Manual Processes
Balancing Accounts
Data Entry Errors
Resources
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