Key AI Features
- AI-Driven Insights: NetSuite’s embedded AI analyzes unified business data to surface actionable insights in real time — helping you make smarter, faster decisions.
- Smart Automation: From AP and AR to reconciliations and tax, NetSuite automates repetitive financial tasks with contextual intelligence.
- Predictive Forecasting: Advanced analytics help anticipate cash flow trends, detect anomalies, and optimize resource allocation.
- Natural Language Search & Reporting: Generate reports, ask questions, and get insights using conversational AI.
- Unified Data Core: AI functions across finance, operations, supply chain, and CRM — ensuring every recommendation is backed by complete business context.
General Ledger
NetSuite’s general ledger provides robust customization options and enhanced visibility. Users can tailor account types, transactions, and reporting segments to align with their business needs, while enjoying improved audit trails and detailed reporting functionality.
Cash Management
Optimize cash flow with a comprehensive view of money movement and liquidity. NetSuite equips finance teams with tools to monitor bank accounts, manage cash positions, and make informed strategic decisions.
Accounts Receivable
Streamline the invoice-to-cash cycle with automated invoice delivery, payment processing, and collections management. Boost liquidity, reduce credit-to-cash times, and capitalize on growth opportunities.
Accounts Payable
Save time and increase efficiency with automated AP workflows. Ensure compliance, avoid late fees, and take advantage of early payment discounts through automated approval processes.
Account Reconciliation
Simplify reconciliation for accounts payable, receivable, credit cards, and more. Centralized management of accounts allows for quick balance comparisons and detailed tracking of reconciliation statuses.
Tax Management
Handle domestic and international tax requirements with ease. NetSuite generates real-time tax reports and supports multiple tax schedules, including GST, VAT, and sales tax.
Close Management
Speed up financial closings by automating tasks like journal entries, reconciliations, and variance analyses.
Fixed Assets Management
Track and manage depreciating and non-depreciating assets across locations. Automate asset lifecycle management to replace error-prone spreadsheets.
Payment Management
NetSuite offers flexible payment solutions, including invoicing, recurring billing, and online payments. Gain real-time insights into collections and improve financial performance.
Supply Chain Management
Monitor demand, manage supplies, and plan strategically using real-time data. Create purchase orders, track issues, and streamline operations with integrated customer service features.
Marketing Automation
Run multi-channel marketing campaigns directly from NetSuite. Tools include email marketing, landing pages, SEO optimization, and analytics to help businesses connect with customers effectively.
Project Management
Manage multiple projects with tools like Gantt charts, task assignments, budget tracking, and project billing.
Advanced Manufacturing
Support complex manufacturing processes with features like assembly builds, WIP tracking, and capacity scheduling.
eCommerce Integration
Build and manage ecommerce stores that sync seamlessly with NetSuite’s ERP for real-time inventory and order management.
Thank you!
what are some disadvantages of netsuite accounting software to be aware of?
Hi Megan,
You can take a look at the con section:
https://top-accountingsoftware.com/reviews/netsuite/