NetSuite Drivetrain Integration
Why connect NetSuite to Drivetrain?
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Speed up month-end closing
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Improve forecast accuracy
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Spend more time on analysis
Bring your most important NetSuite data into Drivetrain
General Ledger (GL) Data
- Chart of accounts (COA)
- Actuals (by GL account, department, class, location, subsidiary)
- Journal entries
- COGS & operating expenses
- Adjustments
- Currency exchange rates
AP and AR data
- Vendor master data
- Customer master data
- Invoice details (date, amount, due date, status)
Master Data & Metadata
- Dimensions: department, location, subsidiary, product, project, etc.
- Accounting books and periods
Other data
- Sales orders
- Inventory levels
- Custom lists and fields
Turn your NetSuite data into powerful financial insights
Create custom 3-statement financial reports with ease
By integrating your ERP with Drivetrain, you can build customized, transaction-level cashflow statement, balance sheet, and income statement (P&L) quickly and easily.
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Have real-time visibility of your critical financial and operational metrics
Create board-ready reports with interactive charts and dashboards in minutes and share them securely with key stakeholders.
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Monitor all variances in real-time to always stay on track
Track budget vs. actuals and budgets vs. forecast across revenue, headcount and vendor expenses, and more to quickly identify variances and adjust your plans accordingly.
NetSuite and Drivetrain — a powerful combination for finance teams
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Three-statement reporting
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Consolidated reporting
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Stakeholder-specific reporting
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Revenue recognition
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Rolling forecasts
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Scenario modeling
FAQs
What is NetSuite?
NetSuite is a cloud-based Enterprise Resource Planning (ERP) system. Businesses use it to manage their financials, operations, and core business processes in one centralized platform. It is a scalable solution to run all of your key back-office operations. However, it lacks flexible reporting, interactive dashboarding, and advanced financial planning and analysis (FP&A) capabilities.
What are the benefits of integrating NetSuite and Drivetrain?
Integrating NetSuite with Drivetrain helps you create a single source of truth for all your actuals and plans, enabling faster financial reporting, automated variance analysis, and more accurate forecasting. FP&A teams eliminate manual data consolidation, and gain real-time visibility into their business's performance, cash flow, and operational drivers across the business.
How much time would it take to integrate NetSuite with Drivetrain?
Drivetrain has a native connector for NetSuite, so connecting the two systems takes only a few minutes. Once connected, we can pull in your actuals, map your dimensions, and get your baseline 3-statement model and core reports built out in a matter of hours. You can read through all the steps required to integrate NetSuite and Drivetrain here.
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Connect NetSuite & Drivetrain for faster
reporting and accurate forecasting.
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