NetSuite Multi-Entity Management: The Guide for Global Financial Services Firms

Solving the Global Financial Management Puzzle

For global financial services firms, managing multiple subsidiaries across different countries is a major challenge. Disparate systems, manual intercompany reconciliations, and complex currency conversions can slow down the financial close, increase compliance risks, and provide an incomplete picture of your organization's health.

NetSuite's Multi-Entity Management is a powerful cloud solution designed to centralize and automate these complex global operations. By providing a single platform for all subsidiaries, NetSuite transforms a challenging global operation into a streamlined, efficient, and compliant enterprise.

Here's how NetSuite delivers value for global financial services firms.

1. Automated Multi-Subsidiary Consolidation

Managing and consolidating financials from multiple legal entities is a primary pain point. NetSuite’s architecture allows you to create a complete hierarchy of subsidiaries within a single instance. This feature delivers:

• Real-Time Consolidation: Instantly generate consolidated financial statements (P&L, Balance Sheet) without manual effort, providing a live, accurate view of your entire global organization.
• Drill-Down Reporting: Easily drill down from a consolidated report to individual subsidiary transactions, providing a transparent, audit-ready level of detail.

2. Streamlined Intercompany Accounting

Intercompany transactions are often a major source of manual work and errors. NetSuite automates this process:

• Automated Transactions: When a transaction occurs between two subsidiaries, the system automatically creates corresponding entries in both ledgers.
• Simplified Eliminations: The system handles the elimination of intercompany balances during the consolidation process, significantly speeding up the period-end close.

3. Global Currency & Tax Management

Operating globally means navigating diverse currencies and tax regulations. NetSuite’s robust capabilities handle this complexity with ease:

• Multi-Currency Support: Automatically manage transactions in over 190 currencies, perform daily revaluations, and calculate foreign currency gains and losses.
• Global Tax Engine: The system supports multiple tax engines and compliance requirements for various jurisdictions, from VAT to GST, simplifying a major compliance hurdle.

Conclusion: A Single Platform for Global Success

NetSuite’s Multi-Entity Management is more than a feature—it is a strategic solution for global financial services firms. By centralizing data, automating core processes, and providing real-time financial intelligence, NetSuite helps you overcome the limitations of legacy systems to achieve greater operational excellence, ensure compliance, and make confident, data-driven decisions on a global scale.

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