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9 Ways NetSuite Empowers CFOs

In today’s dynamic business environment, CFOs are delivering strategic insights and driving sustainable growth for their organisations. They’re doing a lot more than just “managing the books,” and deploying forward-thinking approaches that help their companies anticipate market shifts, optimise resource allocation and make smarter decisions.

“CFO may stand for chief financial officer—but long gone are the days when the CFO’s purview was just finance,” McKinsey & Co., states in What are the roles and responsibilities of a CFO?

“Today’s CFO is a key colleague across businesses and is the CEO’s strategic partner in maximising value creation. The CFO helps with shaping portfolio strategies, undertaking major investment and financing decisions, and communicating with key stakeholders—all while leading a multitalented and technologically-savvy finance team.”

9 Ways NetSuite Empowers the Modern CFO

CFOs are using technology to transform financial data into actionable intelligence that drives sustainable growth and competitive advantage for their organisations. In fact, technology is a great enabler for CFOs who are assuming strategic roles within their organisations and taking on more responsibility than ever for their companies’ successes.

For example, enterprise resource planning (ERP) platforms like NetSuite provide real-time data, advanced analytics and seamless business integrations needed for robust, reliable financial management. NetSuite also provides the reports that CFOs need to be able to do proactive financial planning, mitigate risks and leverage new opportunities.

Here are nine different ways NetSuite empowers CFOs and helps them navigate the complexities of the modern business environment:

  1. Put advanced financial reporting and analytics capabilities to the test. With NetSuite, CFOs get unparalleled visibility into their company’s financial health. From real-time dashboards that offer immediate snapshots of critical KPIs to sophisticated reporting tools that facilitate in-depth analysis, NetSuite empowers CFOs to effectively manage risk, optimise performance and drive strategic financial planning.
  2. Leverage the power of enterprise performance management. EPM integrates organisational planning, budgeting, forecasting, account reconciliation, financial close and reporting processes to help CFOs improve financial processing speed and accuracy. For its first software update of 2025, NetSuite has introduced a new artificial intelligence (AI) powered EPM feature that leverages data science, machine learning, and generative AI to automatically generate narratives and explanations from financial and operational data.
  3. Get strict controls in an audit-ready system. CFOs are using NetSuite to manage end-to-end business processes via an integrated suite of cloud business applications that more than 41,000 global companies use daily. Those users have gone public, raised large funding rounds, expanded internationally, and handled rapid growth on NetSuite—all while maintaining strict controls in an audit-ready system.
  4. Improve efficiency across the enterprise. NetSuite helps CFOs automate routine processes to save time, improve accuracy and reduce headcount growth. These “wins” radiate across the entire organisation, supporting scale and driving the manual work out of the process (e.g., no more using spreadsheets and other means of gathering and reviewing “siloed” data across departments).
  5. Pinpoint cost savings opportunities. CFOs and their teams can use NetSuite to track key performance indicators (KPIs) and access reports from across the business. Then, they can use those insights to identify bottlenecks and areas of potential improvement that—when acted upon—can improve the organisational top and bottom line.
  6. Gain new levels of operational visibility. NetSuite eliminates data silos and gives CFOs a comprehensive view of all business activities. They can use the data to identify trends and make more timely, informed decisions. “NetSuite has completely transformed our finance team. It’s ability to consolidate financials across regions has significantly reduced the manual processing and increased visibility of performance” says CFO at SystemsAccountants. “We are now equipped with a system that gives us greater visibility and reporting which supports our ambitious growth plans”.
  7. Shape strategic decisions that drive profits and growth. CFOs proactively manage cash flow, predict future financial scenarios and identify emerging risks and opportunities. With NetSuite in their corners, these financial professionals get real-time data and sophisticated forecasting models they need for making informed choices that align with their companies’ own mission and goals.
  8. Manage and monitor compliance. Regulatory landscapes are constantly evolving and vary significantly across different countries and jurisdictions. NetSuite can handle diverse reporting scenarios and financial regulations, including VAT and revenue recognition and more. By providing a centralised platform with built-in tools and workflows that streamline compliance processes, NetSuite reduces the risk of penalties and legal challenges while also freeing up financial teams to focus on strategic initiatives that drive growth, profitability and competitive advantage.
  9. Maintain a consistent and accurate financial overview across global operations. Using NetSuite’s multi-entity and multi-currency capabilities, CFOs can easily manage financials across multiple entities and currencies for their global operations. The ERP simplifies financial consolidation and reporting, effectively ensuring consistency and accuracy across diverse geographical locations.  

The SANSA Difference

In today’s fast-paced business landscape, CFOs need immediate access to accurate data to drive strategic growth for their organisations. As a leading Oracle NetSuite partner in the UK, SANSA Solutions empowers finance leaders to achieve this and more. We deliver tailored NetSuite solutions that streamline financial processes and transform them into strategic, decision-making engines. Ready to redefine your financial strategy? Connect with our team today and discover the SANSA difference.