Connecting FP&A software with your ERPs is one of the most important ways to unlock productivity from the finance team.
Nobody wants to change their ERPs or their financial models so finding an FP&A software that integrates with the data from your pre-existing ERP, CRM, and HRIS will save you a lot of time in the implementation process. It will also save your finance team from pushback and headaches.
In this article we’ll go over how integrating NetSuite with FP&A software, and specifically Datarails, will maximize productivity from both tools.
NetSuite – the software leader in finance
One of the most popular ERPs is NetSuite. It’s hard to find a finance team that hasn’t used NetSuite and in fact they have over 41,000 customers across 219 countries around the world.
An argument can be made that they are the original Software as a Service (SaaS) platform. Although Salesforce is often credited with being the first, NetSuite was created a year earlier (1998) and has been a leader in the finance software industry ever since.
More than 25 years later, NetSuite is still the standard software in the finance department. It has its pros and cons but CFOs and finance professionals are used to NetSuite and keep sticking with it as their main finance reporting ERP.
NetSuite and FP&A Integration Benefits
Integrating your ERP and FP&A helps you get more out of your existing data. This translates into less manual work and more time for analysis, namely in the forecasting and reporting sectors.
Some of the benefits include:
- More time for long term planning
- Faster budgeting
- More accurate forecasting with historical data and trends
- Trusted data and reports for management
Datarails and NetSuite: The Best FP&A software integration for NetSuite users
NetSuite is one of the most used ERPs among Datarails customers, with 18.3% of all Datarails users taking advantage of the NetSuite integration.
The implementation is fast and simple in Datarails, as most customers finish initial implementation in less than 2 weeks. Connecting their ERPs, including NetSuite, is even faster.
One of the main reasons customers choose Datarails is the native Excel integration which allows finance professionals to keep their data models and the way they work through Excel.
And not surprisingly, the most used button in NetSuite for finance professionals is “export to Excel”.
So for most finance teams, Datarails is a great choice for FP&A software. CFOs and the finance department already use NetSuite and a lot of Excel, and Datarails integrates easily and quickly with both. Datarails also has over 200 additional integrations that you can connect to.
With Datarails and NetSuite you can:
- Have real-time NetSuite data – Instead of downloading a report into Excel that can only be updated manually, it is now updated in real-time data.
- Version and audit control – Exported Excel data gets passed around and changed by different people. With Datarails software, you control who has access and can also see the edit history.
- Group and organize data for better reporting – With Datarails it’s easier to group and map the NetSuite data which makes the reporting easier and more efficient.
- AI dashboards and visualization – Datarails creates compelling narratives by turning data into presentations and stories. With just 2 clicks you can create real-time visuals for management, providing context, insights, and trends.
Here’s what some of our hundreds of satisfied customers who use the Datarails and NetSuite FP&A integration have to say:
- Jorge D. the CFO of a mid market company on G2: “It interfaces very well with Microsoft Excel and NetSuite, making it much easier for the Finance Dept. to gather and analyze data. The learning curve was very short.”
- Ray V. from a mid market company on G2: “Datarails works well with the two different accounting softwares we have at our firm (Sage Intacct and Netsuite) and also integrates with Excel seamlessly. This makes getting the data you want very easy, while also giving you the entirety of the Excel formatting options.”
- Sarah C. of a mid market company on G2 on what she likes best about Datarails: “EASE. I am very familiar with planning and data scrubbing tools, such as PowerQuery, Alteryx, Netsuite, Anaplan, you name it. DR is EASY to learn and use and makes revision planning a breeze!”
Want to see your NetSuite data and Datarails FP&A software in action?
