Netsuite Expert for Financial Services

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financial services industry

Financial Services

We provide tailored NetSuite solutions for the financial services industry. With deep expertise in automating complex financial processes, streamlining reporting, and ensuring compliance, our team empowers firms to operate with greater agility and precision.

Regulatory Compliance & Audit Readiness

  • GAAP, IFRS, and Local Compliance: Ensure NetSuite is configured to meet accounting standards.
  • SOX (Sarbanes-Oxley) Compliance: Set up proper internal controls, approval workflows, and audit trails.
  • Segregation of Duties (SoD): Restrict user roles to prevent fraud or conflicts of interest.
  • Banking & Payment Compliance: If dealing with financial transactions, ensure compliance with PCI DSS, AML (Anti-Money Laundering), and KYC (Know Your Customer) regulations.

Multi-Entity & Consolidation

  • Subsidiary & Intercompany Transactions: If the firm operates multiple entities, configure NetSuite OneWorld for seamless financial consolidation.
  • Currency & Exchange Rates: Set up multi-currency management with real-time FX rate updates.
  • Elimination Entries: Automate intercompany eliminations for accurate consolidated reporting.

Financial Planning & Analysis (FP&A)

  • Budgeting & Forecasting: Ensure financial planning modules or integrations with Adaptive Insights, Anaplan, or Workday Adaptive Planning.
  • Cash Flow & Liquidity Management: Set up real-time cash flow tracking and cash forecasting.
  • KPI & Performance Metrics: Implement dashboards for AUM (Assets Under Management), ROE (Return on Equity), and Net Interest Margin.

Revenue Recognition & Compliance

  • ASC 606 / IFRS 15 Compliance: Ensure proper handling of revenue contracts, deferrals, and allocations.
  • Subscription & Recurring Revenue: Set up SuiteBilling or third-party billing solutions if applicable.
  • Fee-Based Revenue & Asset Management Fees: Automate tiered pricing models, performance fees, and management fees.
  • Deferred Revenue & Accruals: Configure automated journal entries for deferred income and expense amortization.

General Ledger (GL) Structure & Segmentation

  • Segmented Reporting: Ensure the GL is structured for: Department, Region, Fund or Investment Type, Clinet Account etc.
  • Chart of Accounts (CoA): Align with industry standards and regulatory needs.
  • Flexible Financial Statements: Build reports that break down data by fund, investment class, client type, or advisor.

Risk Management & Compliance Monitoring

  • Audit Trails & Role-Based Access: Set up permissions to maintain security.
  • Operational Risk Tracking: If applicable, configure NetSuite for compliance risk, credit risk, and liquidity risk tracking.
  • Fraud Prevention & Transaction Monitoring: Integrate with fraud detection tools if needed.

Investment & Asset Management

  • Fund Accounting: Ensure tracking of investment income, NAV calculations, and fund allocations.
  • Portfolio Management Integration: If applicable, integrate with investment management platforms for real-time tracking.
  • Investor Reporting: Generate statements and custom reports for clients, shareholders, or board members.

Banking & Payment Processing

  • Bank Feeds & Reconciliation: Automate reconciliation with NetSuite’s Bank Feeds SuiteApp.
  • ACH, Wire Transfers, and Payments: Ensure smooth payment processing and approval workflows.
  • Expense Management: Integrate with Expensify or Concur for streamlined approvals.

Custom Workflows & Automations

  • Approval Hierarchies: Implement multi-tiered approvals for journal entries, payments, and investments.
  • Client Onboarding & Contract Management: Automate onboarding workflows and ensure regulatory checks.
  • Billing & Invoicing: If the firm has multiple revenue streams, ensure custom invoice generation.

We understand the industry's complex regulatory requirements, multi-entity structures, and sophisticated financial reporting needs. Our team ensures that your NetSuite implementation is fully optimized for compliance, risk management, and financial transparency, giving you complete confidence in your operations.

With precision, professionalism, and deep industry expertise, we don’t just implement NetSuite—we empower financial services firms to operate with greater efficiency, accuracy, and compliance. Partner with us for a NetSuite solution that truly drives financial success.