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Accounting Consolidation for Multi-Entity Businesses Made Easy
For companies with multiple companies, closing the books at the end of the period can be a real struggle. Gathering data from disparate accounting systems, checking subsidiary results for accuracy, and reconciling intercompany accounts can take days. The potential for errors to occur is significant, especially if spreadsheets are involved.
Watch this on-demand product demonstration and learn how NetSuite automates the reconciliation and consolidation, helping companies:
- Save time by automatically consolidating subsidiary-level financial data.
- Avoid errors by mapping subsidiary GL codes to a standardized chart of accounts.
- Increase efficiency by identifying and eliminating intercompany transactions automatically.
- Generate reports faster and with less effort by avoiding spreadsheets and manual processes.