Netsuite

Going Beyond NetSuite Saved Searches to Meet Financial Reporting Needs

Compared to the information retrieval tools available in most other ERPs, NetSuite’s Saved Searches feature offers a lot to like. It’s intuitive to use, tracks down information quickly, and returns precise results. Generally, Saved Searches make finding anything within the ERP easy and accessible to all.

As companies become more and more data-driven, it’s important to understand how each tool used to access that data fits into the overall strategy. Saved Searches excels as a data retrieval tool because it focuses on broad capabilities. For specific use cases, however, users may want to supplement the capabilities of Saved Searches with a purpose-built solution.

Financial reporting is an excellent example. Companies need reports that are accurate, insightful, and available essentially on-demand. Accountants can generate reports using just NetSuite, but complementing those capabilities with a dedicated financial reporting solution only enhances the value and utility of the data inside the ERP.

Spreadsheet Server from insightsoftware integrates directly with NetSuite. It’s not meant to be a replacement for Saved Searches, but rather a way to enhance the financial reporting process specifically and the decision-making process enterprise-wide. To illustrate how, consider a few of the ways that Spreadsheet Server builds on what NetSuite already offers.

Extend the Potential for Ad Hoc Reporting

Saved Searches allows users to report on up to two entities. Beyond that, reporting may require assistance from the IT team. Spreadsheet Server makes it easy to create reports that span multiple entities and answer questions specific to the user without the need for technical expertise. Since Spreadsheet Server is a dedicated reporting tool, it makes the process more powerful, more flexible, and more user-friendly.

Netsuite2

Generate Real-Time Dashboards

As a data retrieval tool, Saved Searches was never intended to be used to create real-time data dashboards. But Spreadsheet Server was. Users can design dashboards themselves, defining what data they need and how they should be organized and displayed. Then, the dashboards automatically update themselves with real-time data from NetSuite so that users always have the most recent data in front of them without having to track it down.

Eliminate Inefficiency and Errors

Saved Searches was designed for everyone who uses the NetSuite ERP. Spreadsheet Server, by comparison, was designed specifically for the accounting team, the CFO, or anyone else invested in financial reporting. Since each feature is optimized for financial reporting, the process of creating and distributing reports becomes more efficient and less prone to error.

Reporting is a complex process by nature that can drain resources if not conducted carefully. With a tool like Spreadsheet Server that’s built to optimize reporting, it’s no surprise that it ends up taking accountants less time to generate better reports overall.

NetSuite strives to give users the broadest toolkit possible, which is part of why it’s so popular. But no single piece of software can do everything perfectly, and when it comes to high-level financial reporting, users may want to bolster their toolkit.

Spreadsheet Server is a popular addition, not only because it integrates so easily with NetSuite but also because it makes ad hoc reporting both more intuitive and more intelligent. It’s a powerful combination that leads to a powerful reporting process. Learn more about how these two solutions work together by downloading our free whitepaper.

Oracle NetSuite: Enhancing Cloud-Based Reporting

Download Now