To help organizations streamline the complex process of reconciling balance sheet accounts, Oracle NetSuite today announced NetSuite Account Reconciliation. As part of NetSuite’s cloud ERP suite, NetSuite Account Reconciliation helps customers standardize and automate the reconciliation process, strengthen internal financial controls, produce more accurate financial statements, and drive a faster close.
“The general ledger reconciliation process can be one of the most complicated aspects of the financial close and a compliance risk,” said Gary Wiessinger, senior vice president, NetSuite Application Development, Oracle NetSuite. “Similar to how we are leveraging Oracle technology to deliver NetSuite Analytics Warehouse and NetSuite Planning and Budgeting, NetSuite Account Reconciliation brings enterprise-grade technology to our customers to simplify a critical process. This solution extends the capabilities of our suite to help customers increase efficiency, ensure the completeness and accuracy of their financial statements, and gain more value from NetSuite.”
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