What is NetSuite and how does it work?

NetSuite is a comprehensive cloud-based Enterprise Resource Planning (ERP) suite that unifies business accounting, CRM, and ecommerce operations. As a leading SaaS platform serving over 43,000 organizations globally, NetSuite provides real-time visibility across financial management, inventory, order management, and customer data through a single integrated system.

Benefits of Integrating NetSuite with Abacum

The NetSuite-Abacum integration transforms financial planning by connecting your ERP's transactional data with advanced FP&A capabilities, enabling finance teams to move from historical reporting to strategic forecasting.

• Automate data synchronization between NetSuite's general ledger and Abacum's planning models, eliminating manual exports and reducing errors by up to 90%

• Accelerate reporting cycles from days to hours by automatically pulling actuals from NetSuite into budgets, forecasts, and variance analyses

• Enable real-time scenario planning using live NetSuite data to model business changes, expansions, or market shifts with confidence

• Unify financial operations by connecting NetSuite's multi-entity consolidation with Abacum's collaborative planning workspace

• Streamline month-end processes through automated variance reporting that compares NetSuite actuals against Abacum plans instantly

• Scale planning capabilities across subsidiaries and departments without additional IT infrastructure or complex integrations