NetSuite Global Financials: Demo

This video details a demonstration of NetSuite’s global financial management capabilities, particularly for organizations with multiple subsidiaries. The software allows users, such as a controller, to monitor financial metrics and KPIs through a customizable dashboard, easily switching between consolidated views (in USD) and subsidiary-specific local currency views using the Subsidiary Navigator. NetSuite ensures accurate and real-time reporting by automatically pulling in daily currency exchange rates and leveraging a unified data model for immediate consolidations, enabling users to drill down from consolidated reports directly to underlying transactions across all subsidiaries. Furthermore, the system automatically handles complex accounting necessities like tracking the Cumulative Translation Adjustment (CTA) on the balance sheet, managing unrealized exchange rate gains and losses, and ensuring the automatic elimination of intercompany transactions during the period-end close.