MonetizeNow’s Post

Traditional billing systems assume invoices need to be emailed to customers. However, larger customers usually have tools like Coupa, Anaplan, Ariba etc., for which invoices need to be uploaded instead of emailed. That makes the job of finance operations difficult. At MonetizeNow, using custom fields, we allow customers to mark the accounts that require uploading along with the instructions. That way, different dunning process can be designed for the emailed invoices vs uploaded invoices. Small things matter. #cfo #billing #finance

Please check out my blog on "Dynamic Approvals based on Accounting Segment (Cost Centre)". How to configure dynamic approvals based on Accounting segment (Cost Centre) using Lookup Values in Coupa. A blog written by me, under the guidance of Harish Pai, to understand the workaround of dynamic approvals, fetching the responsible owner as the approver for the requistion based on the selected accounting segment (cost centre) in the billing account. Coupa Software #coupa #coupablog #coupaprocurement #procurement https://lnkd.in/djJ3BZwW

𝗧𝗶𝗽𝘀 𝗳𝗼𝗿 𝗨𝘀𝗶𝗻𝗴 𝘁𝗵𝗲 𝗜𝗻𝘁𝗲𝗿𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝗙𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸 𝗶𝗻 𝗡𝗲𝘁𝗦𝘂𝗶𝘁𝗲 How can you streamline managing intercompany transactions in NetSuite? Start by following these tips: 💻 𝘼𝙪𝙩𝙤-𝙂𝙚𝙣𝙚𝙧𝙖𝙩𝙚𝙙 𝙄𝙣𝙩𝙚𝙧𝙘𝙤𝙢𝙥𝙖𝙣𝙮 𝙀𝙣𝙩𝙞𝙩𝙞𝙚𝙨 When creating vendors and customers for subsidiaries, it’s best to use a prefix like "IC-" for easy identification and management. This helps keep your intercompany entities organized and easily recognizable. ✔ 𝙇𝙚𝙫𝙚𝙧𝙖𝙜𝙚 𝙩𝙝𝙚 𝘼𝙪𝙩𝙤𝙢𝙖𝙩𝙚𝙙 𝙄𝙣𝙩𝙚𝙧𝙘𝙤𝙢𝙥𝙖𝙣𝙮 𝙁𝙧𝙖𝙢𝙚𝙬𝙤𝙧𝙠 Utilize NetSuite’s automated intercompany framework to streamline your processes and reduce manual effort. This ensures accuracy and efficiency in managing intercompany transactions. 🚮 𝙎𝙚𝙩 𝙐𝙥 𝙖𝙣 𝙀𝙡𝙞𝙢𝙞𝙣𝙖𝙩𝙞𝙤𝙣 𝙎𝙪𝙗𝙨𝙞𝙙𝙞𝙖𝙧𝙮 Ensure you have an elimination subsidiary set up for proper financial consolidation. This helps in accurately reflecting your organization's financial health by eliminating intercompany transactions. 📕 𝙐𝙨𝙚 𝘼𝙙𝙫𝙖𝙣𝙘𝙚𝙙 𝙄𝙣𝙩𝙚𝙧𝙘𝙤𝙢𝙥𝙖𝙣𝙮 𝙅𝙤𝙪𝙧𝙣𝙖𝙡 𝙀𝙣𝙩𝙧𝙞𝙚𝙨 Take advantage of advanced intercompany journal entries for efficient transaction management. This reduces the risk of errors and improves the accuracy of your financial data. 💸 𝙐𝙨𝙞𝙣𝙜 𝙄𝙣𝙩𝙚𝙧𝙘𝙤𝙢𝙥𝙖𝙣𝙮 𝙄𝙣𝙫𝙤𝙞𝙘𝙚𝙨 𝙖𝙣𝙙 𝙑𝙚𝙣𝙙𝙤𝙧 𝘽𝙞𝙡𝙡𝙨 𝘾𝙤𝙧𝙧𝙚𝙘𝙩𝙡𝙮 If you are using invoices and vendor bills for managing intercompany balances, make sure to use the "Paired Transaction" field. This is essential for the IC-Netting functionality to work correctly and ensures your transactions are accurately paired and netted. Mivarii has several solutions related to managing and automating intercompany management. Reach out today to learn more about how we can help optimize your processes! #mivariiconsulting #netsuiteadminsupport #ERP #netsuite

Is your accounting team leveraging #AI effectively? Manually processing vendor invoices is a time-consuming, labor-intensive, and error-prone process. Automating the entire invoice capture, matching, and approval process eliminates manual data entry and tedious tasks like keying and coding invoices, speeding up your invoice processing times. Check out this NetSuite Webinar on how the platform seamlessly digitizes AP with AI-Powered Invoice Capture. #AI #Oracle #NetSuite #AP #Invoice #CloudERP

🔍 Delve into the technical nuances of accelerating invoice processing with NetSuite AP automation. Our latest blog elucidates how advanced technology streamlines invoice capture, data extraction, and validation, ensuring impeccable accuracy and compliance. Ready to optimize your Accounts Payable processes? Dive into the details here https://lnkd.in/gqZAaAWQ #MercuryConsultingCorporation #NetSuite #APAutomation #InvoiceProcessing #DataExtraction #Compliance #EfficiencyUnlocked

🎦 Supercharge Your Finance Team....Webinar So, you probably would love to know how to improve your Accounts Payable efficiency right? What about your Account Receivable? What about knowing how to improve both of these in one Webinar? That's right, we're so good at improving efficiency we've managed to cover two topics in one Webinar. How? I hear you ask. Well, that would be giving the game away. So, please join our partners from Kolleno and Tipalti.....and our very own Adam Ladd to find out. Particularly if you're a NetSuite or NoBlue2 customer. #accountspayable #accountsreceivable #automationsolutions #netsuite

‼️Last Chance To Register‼️ Get to hear from the very best that Kolleno, Tipalti and NoBlue2 have to share in terms of AP and AR automation. Regardless of industry or existing software package, learn how to Supercharge your finance team and operate lean processes with an appropriate technology stack. Even if you’re unable to attend, please register and you’ll receive the recording. I mean what more could you want than to learn from the best in the business, Adam Ladd? #arautomation #apautomation #erp #leanprocesses

Why do NetSuite users choose Payference for AR automation? 1) Seamless integration: Payference was built for NetSuite users and only takes hours to get set up without the need for your IT department to get involved. 2) Easy-to-use: The learning curve to use our platform is low. Our customers are always surprised at how intuitive and simple the solution is. 3) Flexibility: Payference gives you the flexibility you need to tackle any Accounts Receivable (AR) related process, including collections, cash application, cash basis reporting and even setting up a self-service payment portal for your customers. Learn more: https://lnkd.in/gynxFaQ7 #netsuiteERP #arautomation #accountsreceivable #netsuite #CFO

Why is Payference the ultimate AR Automation solution for NetSuite users? Here’s why 👇 1) Seamless Integration with NetSuite: Payference was specifically built with NetSuite users in mind! Our seamless integration ensures a quick and hassle-free setup that takes only hours, eliminating the need for your IT department to get involved. Say goodbye to lengthy integrations and hello to efficiency! 2) Easy-to-Use Platform: Navigating through Payference is a breeze! Our platform boasts a low learning curve, and our customers often express surprise at how intuitive and straightforward our solution is. You’ll be up and running in no time! 3) Flexibility to Suit Your AR Needs: Whether it's collections, cash application, cash basis reporting, or setting up a self-service payment portal for your customers, Payference offers the flexibility you need. Our platform adapts to your unique AR processes, ensuring you have the tools to tackle any challenge that comes your way. Choosing Payference means choosing a solution that understands NetSuite users' specific needs and delivers unparalleled efficiency and flexibility. Discover how Payference can transform your AR processes today: www.payference.com #Payference #NetSuite #ARAutomation #fintech #integrations #netsuiteERP #CFO

Keep suppliers happy, save time, and increase the accuracy of invoice processing ✅ with NetSuite AP Automation. On average, organizations can expect to see a 50-70% reduction in processing times. ⏰💸 Accuracy rates can look to be approximately 95-99%. 🎯 https://lnkd.in/eWNXrRZ4