Abstract
Financial reporting is important in choosing the right course of action, meeting legal requirements and earning stakeholder confidence. Execution of traditional financial reporting frameworks may be subjected to problems including data isolation, human intervention errors and time-consuming. This paper aims at analyzing the capacity of Oracle NetSuite ERP in improving the quality of financial reporting through real-time data processing and automated reconciliations as well as implementing standards of accounting internationally. This paper explores some of the primary functionalities of Oracle NetSuite including multi-subsidiary consolidation, audit trail and its suitability in small, mid and large-scale organizations. Using various case examples and quantitative data, the research shows that NetSuite ERP cuts on inefficiencies and automates business processes, and generates real-time financial solutions. Guiding strategies, emerging practices and the prospect for adoption of this technology in organizations in an effort to deliver sound financial reporting are highlighted.
Downloads
Most read articles by the same author(s)
- Chaitanya, Enhancing Operational Efficiency and Financial Reporting through Oracle NetSuite: A Logistics Case Study , International Journal of Science and Engineering Invention: Vol. 9 No. 03 (2023)
Similar Articles
- Hussein Murad Reda, Task Allocation and Analysis of Common Manufacturing Processes for Humans & Robots , International Journal of Science and Engineering Invention: Vol. 5 No. 07 (2019)
- Daniel N. Ihuoma, Macauley T Lilly, Morrison V. Ndor, The Impact of Quality Control for Profitability in a Car Brake Pad Manufacturing Industry: A Case Study , International Journal of Science and Engineering Invention: Vol. 4 No. 12 (2018)
- Rawabi Salem Wasel Al-ahmadi, The Power Weighted Gompertz Model , International Journal of Science and Engineering Invention: Vol. 7 No. 01 (2021)
- Christine K. Mulunda, Andrew I. Svitenkov, Deterministic Finite State Model of Heart Cycle: Modeling and Simulation , International Journal of Science and Engineering Invention: Vol. 2 No. 05 (2016)
- Md. Anisur Rahman, Momotaz Khan, Md. Tanjil Sarker, Dr. Zahid Hasan Mahmood, Design, Inspection and Implementation of Solar PV Driven Smart & Automated Irrigation Systems , International Journal of Science and Engineering Invention: Vol. 2 No. 05 (2016)
- Brijesh Bhavsar, Prof. Anurag Nema, Prof. Ketan Dhumal, Design and Development of Dual Purpose Gear Drive for Blister Machine Application , International Journal of Science and Engineering Invention: Vol. 2 No. 04 (2016)
- M. V. Subramanian, S. Jagadesan, K. Aruna, S. Pari, S. Deivamalar, Study on Solar Proton Events in the Sun - Induced Earth’s Magnetic Field Atmospheric Variations , International Journal of Science and Engineering Invention: Vol. 3 No. 11 (2017)
- Aekram Faisal, Asep Hermawan, Willy Arafah, The Influence of Strategic Orientation on Firm Performance Mediated by Social Media Orientation at MSMEs , International Journal of Science and Engineering Invention: Vol. 4 No. 08 (2018)
- Sundaramoorthy N., Effect of Optimizing Nozzle Position in Jet Mixer using Hydrodynamic Studies , International Journal of Science and Engineering Invention: Vol. 2 No. 10 (2016)
- Zainab M. Gwoma , Kayode A. Popoola, Sunusi S. Adamu, M. Buhari, A Review of Torque Ripple Minimization Strategies in Switched Reluctance Machines , International Journal of Science and Engineering Invention: Vol. 9 No. 02 (2023)
You may also start an advanced similarity search for this article.
How to Cite
Copyrights & License
This work is licensed under a Creative Commons Attribution 4.0 International License.
