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
- Theresia Mueni Mutetei, Esther Waiganjo, Elegwa Mukulu, Impact of Shared Vision on Firm Performance of Mobile Telephone Service Providers in Kenya , International Journal of Science and Engineering Invention: Vol. 2 No. 04 (2016)
- Kashmira Deshpande, P. N. Mahalle, A Novel Ticket-based Human Resourse Efforts Tracking and Estimation System for Ubicomp , International Journal of Science and Engineering Invention: Vol. 2 No. 06 (2016)
- S. Jagadesan, M. V. Subramanian, Study on Sunspots, Ozone and earth atmosphere variation at Pudukkottai, Tamilnadu (latitude: 10 0 23’ and longitude 78 0 52’) , International Journal of Science and Engineering Invention: Vol. 2 No. 08 (2016)
- Nur Laily, Triyonowati ,, Wahidahwati ,, E-commerce as Innovative Behavior for Female Entrepreneurs of Jonegoroan Batik , International Journal of Science and Engineering Invention: Vol. 4 No. 11 (2018)
- Milos Ivanovic, MSc, Dr Sveta Mirkovic, Support to IS/IT in Auxiliary Machinery Exploitation Mangement at the Open-Pit Coal Mine , International Journal of Science and Engineering Invention: Vol. 5 No. 03 (2019)
- Ali Hassan Sayed Morsy, Ph.D., The Adequacy of Translating Some Temporal Values in the Qur'an , International Journal of Science and Engineering Invention: Vol. 5 No. 05 (2019)
- Stanisław Naprawa, Design and Operation Principles of Hydraulic Headwater Structures (Weirs, Barrages and Dams) , International Journal of Science and Engineering Invention: Vol. 4 No. 12 (2018)
- Gulam Md. Munna, J. B. Alam, M. M. Uddin, M. M. Hossain, Y. al Sabet, Assessment of Socio-Economic Impacts of Surma River Bank Erosion by Using GIS & Statistical Study , International Journal of Science and Engineering Invention: Vol. 6 No. 01 (2020)
- Kusnadi ., The Influence of Effectiveness Managerial, Task Commitment and Work Ethic for Employee Performance Regional Water Company (Pdam) Tirta Bhagasasi Bekasi , International Journal of Science and Engineering Invention: Vol. 4 No. 08 (2018)
- Seroor Atalah Khaleefa Alia, Dr. Mohammed Ibrahimb, Hussein Ali Hussein, Parameters Affecting Dye Adsorption - Using Graphene Coated Sand (GSC) , International Journal of Science and Engineering Invention: Vol. 4 No. 03 (2018)
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.
