Shared Transactions by Netgain
Combining an intuitive interface with the powerful impact of templates, Shared Transactions by Netgain lets you easily route the GL impact of a single transaction (i.e. vendor bill) to different subsidiaries and/or segments. Save time and prevent errors by avoiding manual creation of intercompany transactions and allocation calculations in excel. Extend the power of NetSuite by keeping allocations in your ERP, where they belong.
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Overview
Shared Transactions by Netgain makes allocation of transactions flexible and simple
Many organizations need to report revenues and expenses across various business units. Shared Transactions by Netgain allows them to split the impact of a single transaction across multiple subsidiaries and business segments flexibly and traceably in NetSuite. Simply assign allocation weights to the various subsidiaries on the source transaction and watch as the general ledger impacts get routed to the desired destinations. Set up templates in advance to apply the same allocation impact to many transactions. This easy-to-use tool provides much-needed functionality for more complex organizations.
Key Benefits
Save time every month
- Intuitive UI and flexible allocation weights make allocating transactions easy
- Templates allow you to apply the same allocation percentages to multiple transactions
- Eliminates need to leave NetSuite to make calculations and create manual journal entries for allocations
Eliminate costly errors
- Removes the need to perform allocation calculations in excel and re-upload
- Automates creation of allocation journal entries, another common source of errors
- Templates minimize manual input when applying the same allocation to multiple transactions
Transparent and traceable
- Allocation transactions follow the same review process as the originating transaction
- Apply and see allocations at the transaction line level
- Complete auditability of allocation amounts and proportions within NetSuite
Key Features
- Assigns flexible weights to allocate transactions across class, location and subsidiary
- Intuitive and smooth user interface makes creating allocations easy
- Powerful application of templates to transactions saves time and reduces errors
- Integrates approval process with the source transaction for complete audit record
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Shared Transactions by Netgain
