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Oracle NetSuite Financial Management Cloud Service

NetSuite Financial Management Cloud Service is a cloud-based accounting and financial management platform designed for businesses of all sizes. The platform provides a wide range of financial management capabilities, including general ledger, accounts payable and receivable, billing, expense management, and financial reporting. NetSuite Financial Management Cloud Service also offers advanced features such as revenue recognition management, financial planning, and analysis, and multi-currency support. The platform provides real-time visibility into financial data and enables businesses to streamline financial operations, automate workflows, and reduce manual errors. Additionally, NetSuite Financial Management Cloud Service offers integration with other NetSuite applications, such as CRM and ERP, to provide a unified view of business operations.

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NetSuite Financial Management Cloud Service Features

Budget Management and Reporting
1. You can easily input budgets for accounts on a single screen, or use the Copy Budgets feature to quickly create an entire budget based on another budget, or on actuals with an uplift/downlift. Alternatively, you can create budgets in Excel and import them via CSV.

2. The Multiple Budgets feature allows you to establish and report on more than one budget for the same set of criteria. For example, you can compare a typical budget versus a conservative budget or forecast.

3. NetSuite Financial Managment Cloud Service provides Budget Income Statement and Budget vs. Actual reports for budget reporting, and also enables you to create your own specific budget reporting as per your requirements.
Expense Allocations
1. NetSuite Financial Management Expense Allocations simplify the process of entering expenses without assigning them to classes, departments, or locations initially, and then allocating them based on a weighted formula. You can use allocation schedules once or set them up to recur periodically.

2. Dashboard reminders alert you when active allocation schedules require processing. After reviewing, you can create the journal entry for all the schedules with a single click.
Amortization Schedules
1. With Amortization schedules, expenses can be automatically amortized over time, making processes like the amortization of prepaid expenses more efficient.

2. Amortization schedules can also be linked to jobs, which allows expenses to be amortized in proportion to the job's percentage of completion.
Statistical Accounts
1. Save critical non-financial data such as headcount, floor space, and common shares using the software.

2. Automatically allocate financial activity proportionately across your business, such as corporate overhead costs across departments based on headcount, and rent expenses based on square footage, etc.

3. Run multiple allocation schedules in specific sequences with ease.

4. Add essential non-financial measures such as Net Promoter Score to your dashboard for better visibility.
NetSuite Financial Management Cloud Partner

Aarialife Technologies

Aarialife Technologies is a reliable partner of NetSuite Financial Management Cloud Service, offering a comprehensive range of financial management solutions to businesses seeking to streamline their finance operations. As a partner, Aarialife Technologies provides end-to-end implementation and support services, helping clients to optimize their financial processes and gain real-time visibility into their financial performance. The experienced consultants at Aarialife Technologies work closely with clients to understand their unique needs and provide customized solutions that align with their business objectives. With Aarialife Technologies as their partner, businesses can benefit from improved financial control, reduced costs, and increased efficiency, ultimately leading to improved profitability and growth.

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