Enterprise organizations are often challenged with keeping up with massive amounts of financial data. Therefore, they need accounting software features that help them manage and gain in-depth visibility to their customer financial data.

With so many robust features, NetSuite, the leading cloud accounting and business software for enterprise companies, help accomplish these goals and more. Check out these five distinctive NetSuite features that enterprise organizations need.

#1 Dashboards: Fully understand the business processes and workflows

In the past, enterprise organizations used low-cost financial systems. While this may have once worked, it is no longer a viable financial strategy for the modern enterprise. Enterprise organizations need access to reliable information so they can confidently make business decisions in a fast-paced environment. NetSuite solves this problem by offering dashboards.

Dashboard access allows businesses to configure and monitor business processes and workflows across their enterprise. This access is also extremely useful for organizations that can benefit from Salesforce AppExchange for NetSuite because it combines and syncs the data from both applications – giving enterprises a wholesome view of their customer financial data.

#2 Reports: Thoroughly review financial performance

Financial reporting can be a powerful tool for any enterprise. NetSuite reports offer both pre-built and customized reports that give these organizations enhanced visibility into their financial performance.

Reporting can be especially useful for enterprise organizations using both NetSuite and Salesforce. When businesses integrate the two software, they get additional real-time reporting features that allow them to view NetSuite data in Salesforce and report on Transactions or Line Items.

#3 Electronic payments: Process quickly and securely

One of the most convenient NetSuite features is that it allows enterprise organizations to accept and process electronic payments from customers. They can also use credit card processor integrations such as Stripe, Braintree, and Square to process these transactions in a secure, reliable manner.

#4 Audit trail: Ensure security and compliance

One of the main challenges for enterprise organizations is keeping their accounting data secure and fully compliant at all times. It is critical that they have a system of checks and balances that ensures proper security and support compliance. NetSuite has an audit trail feature that provides detailed visibility into these areas.

Enterprises typically task out audit trail review to IT managers, system administrators, auditors, or other finance professionals. Because it is key for these organizations to perform financial audits, they also offer a NetSuite Audit & Controls course that focuses on how to set up and use NetSuite’s governance, risk, and compliance (GRC) features.

#5 Automated processes: Save time and reduce mistakes

Enterprise organizations are no stranger to using spreadsheets to manage their financial data. However, NetSuite allows them to step away from these outdated accounting systems and use more modern features such as automated processes. For example, automating your sales and finance processes by integrating your Salesforce CRM with NetSuite, can eliminate errors and reduce reliance on spreadsheets.