To truly unlock the power of NetSuite you need the right teammates—and that includes your accounting team.
By their very nature, accountants are very good at crunching numbers, gaining insight from data, and distilling complicated topics down to simple terms. These are all excellent, sought-after traits, but they don’t always automatically translate into efficient technology usage in a world where ERP solutions like NetSuite support more efficient, accurate and innovative outcomes.
“The promise of tech-first accounting is considerable, but distinct challenges accompany these changes,” the University of Tennessee points out in a recent article on how tech is revolutionizing the accounting field.
“In the last few years, advanced tech has had an outsized impact on several areas of accounting, bringing a variety of unexpected challenges and opportunities to the table,” the university continues. “New solutions impact how standard accounting processes are approached, delivering the potential for vast improvements in efficiency and accuracy.”
The Evolution of the Tech-Focused Accountant
As with most professions, the infusion of more tech into accounting is driving a need for more tech-savvy professionals who have both financial and IT acumen. Many businesses struggle to find talented accountants who are also experienced on the NetSuite platform. Also, organizations that migrate to NetSuite often find that their in-house or outsourced accountants simply aren’t proficient on the platform.
For accounting teams, NetSuite simplifies the process of recording transactions, managing account receivables and account payables, making timely and accurate reporting, and maintaining better control of financial assets. The cloud ERP also enables real-time access to financial data and insight into various financial metrics (e.g., profitability, inventory margins, fixed assets and cash positions).
As a NetSuite Business Process Outsourcing (BPO) Partner, ScaleNorth helps companies optimize these benefits and further streamline their accounting department by maintaining a strong team of “NetSuite Rockstars” who provide full-stack NetSuite accounting services. By deploying a team of accountants who are also certified NetSuite experts, ScaleNorth helps organizations extract the biggest benefits from their ERP investments.
6 Reasons Your Accountants Should be NetSuite Rockstars
Accredited NetSuite experts provide a myriad of benefits to the companies they work with. Through multiple certification options, participants gain valuable skills and know-how to better support their user base. Thousands of people have earned accreditation through the NetSuite Certification program and benefit by developing skills and networking connections within the NetSuite community.
While many people think NetSuite certifications are more reserved for technical consultants, NetSuite offers accounting focused certifications such as the “NetSuite Financial User” certification.
Here are six benefits that companies can expect from working with NetSuite-savvy accountants:
1. Spend less money finding and onboarding the right talent to run your ERP.
Leave the heavy lifting to ScaleNorth, whose experienced team of CPAs not only has extensive experience in accounting, but it also knows all of the ins and outs of NetSuite. Instead of spending months trying to hire internally, or expend effort with outsourced accountants who may not be proficient on the platform, you can “plug-and-play” ScaleNorth’s accountants directly into your operations saving time and overhead.
2. Get up and running on NetSuite faster.
If you haven’t yet gone live on NetSuite, you’ll want to consider hiring outsourced NetSuite accountants so you can hit the ground running. This allows you to realize value out of your NetSuite instance far faster than if you had to undergo staff training. Give your staff a running head start by putting a team of experienced NetSuite rockstars in their corner.
3. Enjoy better financial results.
Accountants who double as NetSuite rockstars can utilize their advanced technical knowledge to improve accounting processes, automate routine tasks, and provide expert guidance. Here are just some of the results that accountants who are certified on NetSuite can provide:
- Reduced the time to close
- Automated routine accounting tasks
- Identification of inefficiencies
- A proactive vs. reactive approach
- Improved visibility (better reports, dashboards, etc.)
- Fail safes (non-compliance, mismatching data, etc.)
4. Travel the direct path to greater productivity.
When you have NetSuite-certified accountants on your team, those professionals can empower other users to get the most out of your new ERP. Equipped with extensive knowledge of the platform, these certified accountants can also keep your system running at high levels of efficiency while also continuing to support other users.
5. Better analysis and reporting.
Accountants that are certified on NetSuite can generate even more insightful reports, accurate financial statements and other important documents directly from the ERP. This, in turn, leads to improved financial transparency and better data-based decision-making. It also taps into one of the ERP’s greatest strengths: a unified data repository that all stakeholders can rely on to be accurate, available and streamlined.
6. Focus on what you do best: running and growing your company.
ScaleNorth CPAs and Certified NetSuite Professionals will become your NetSuite finance and accounting team. These experts will even implement NetSuite accounting in your business if you are using another accounting system. By acting as a bridge between your accounting needs and NetSuite’s technical capabilities, ScaleNorth’s Certified NetSuite Professionals help you get the most out of your NetSuite platform while maintaining a strong financial foundation.
If you’re ready to reduce your costs, minimize manual work and decrease the amount of time that you spend processing accounting transactions, ScaleNorth is here to help. Our team of NetSuite rockstars will help you increase the ROI from your ERP investment, improve productivity levels, reduce overhead costs and align with a partner that understands—and knows how to navigate—NetSuite’s complexities. Contact us today to learn more.