Oracle NetSuite Close Management

Close fast, and with confidence

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.

Benefits of Implementing
Oracle NetSuite Close Management

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 PointStar Consulting

PointStar Consulting is an award-winning Oracle NetSuite solutions provider in the Asian region with over 14 years of experience implementing cloud ERP projects and other cloud solutions that help businesses realise the benefits of workflow automation. For most companies, implementing a cloud enterprise resource planning (ERP) system may be their first digital transformation initiative. One common riddle concerns the decision of whether to work directly with a solutions provider such as Oracle NetSuite or to work with a partner like PointStar Consulting. Here are 4 things to consider when working with Oracle NetSuite direct vs partner.

Information

PointStar Consulting 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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