Aarialife & NetSuite can help you reduce financial close by 40%

NetSuite For Financial Services

Faster Financial Close
  • Faced with the need for rapid execution, more mid-market businesses are turning to the cloud model for financial consolidation, with impressive results. For instance, a study conducted by Nucleus Research of users of NetSuite OneWorld found a marked acceleration in close times. One reason is that financial managers at headquarters seldom have to wait for weeks to receive data from their subsidiaries.
  • "Businesses migrating from un-integrated legacy and custom accounting systems to NetSuite OneWorld can expect to accelerate financial close times by 20%," Nucleus found. "Some customers accelerated time to close by up to 50%. Companies with international subsidiaries or multiple legal entities can expect to increase the efficiency and scope of financial and operational data consolidation."

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Measured NetSuite Benefits
20%-50% Reduction
in financial close
25%-75% Reduction
in invoicing cost
10%-20% Improvement
in DSO
<50%+ Quote to
cash improvement
50%+ Reduction in
audit prep time
50%+ Less IT costs
than on-premises
Using a cloud solution for financial consolidation can enhance efficiency in other areas, as well:

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