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Oracle NetSuite
Financial Management Cloud Service

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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    Discover our work Client Stories

    See how Aarialife helps businesses streamline NetSuite, improve efficiency, and scale faster through real client success stories across industries.

    Overcoming Media-specific Challenges With Netsuite Implementation

    TMV’s primary challenge was using a custom solution that was media-specific but lacked integration with finance. This meant that TMV had to rely on manual processes for financial tracking, which led to cash flow issues. Additionally, TMV needed real-time visibility

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    Improving Business Operations With Netsuite Implementation

    Afriexpo FZE was struggling with their legacy ERP system, ERPNext, which was not providing desired results in terms of reporting and workflows. The system was not customizable, which led to manual processes, resulting in inefficiencies and increased workloads. The company

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    Streamlining Healthcare Distribution

    NAFS faced several business challenges with their 10-year-old legacy system. Firstly, the system was nonscalable, making it difficult to expand the business into new markets. Additionally, all management reporting was done manually, leading to inefficiencies and delays in decision-making. NAFS

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    Streamlining Medical Device Distribution

    Life Medical Equipment LLC was struggling with their legacy system, which was limited in features, provided inaccurate financial data, and relied on Excel sheets for inventory and stock management. Additionally, management reports took a minimum of four days to generate,

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    Overcoming Business Challenges With Netsuite Implementation

    Goliath Investments faced a significant challenge in that they had to commence operations within two months, but they had no system in place to support their business operations. The lack of an integrated system made it challenging to track profitability,

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    Revenue Generated

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    Scaling Business Operations & Achieving Real-time Visibility With Netsuite Implementation

    Dubai Audio Center (L.L.C) faced several challenges due to their legacy system’s limitations. One of the significant challenges was the lack of stock visibility, making it challenging to manage inventory effectively. Additionally, their legacy system was not flexible enough to

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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.

    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.

    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.

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