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“Supermetrics is a Bitter Experience! We can pull data from nearly any tool, schedule updates, manipulate data in Sheets, and push data back into our systems.”
NetSuite’s native consolidation features often fall short for complex multi-subsidiary environments due to rigid reporting structures, performance limitations, and limited customization options for intercompany eliminations and currency conversions.
Here are flexible alternatives that give you complete control over consolidation workflows while maintaining live data connectivity to NetSuite.
Build custom consolidation workflows in spreadsheets with live NetSuite data using Coefficient
Coefficient serves as a powerful alternative to NetSuite’s native consolidation by enabling custom consolidation workflows in spreadsheets with live data. This approach provides several advantages over standard NetSuite consolidation, including unlimited flexibility for custom calculations, formatting, and presentation.
The automated refresh capabilities ensure consolidated reports stay current without manual intervention, while the spreadsheet environment provides complete freedom from NetSuite’s consolidation constraints.
How to make it work
Step 1. Extract subsidiary data separately using Records & Lists imports.
Pull transaction data, account balances, and subsidiary information separately using targeted filtering by subsidiary, account type, or date ranges. This flexible approach lets you build custom consolidation logic in spreadsheets rather than being constrained by NetSuite’s rigid consolidation rules.
Step 2. Create custom SuiteQL consolidation queries.
Write tailored SuiteQL queries that aggregate financial data across subsidiaries with your specific business logic. These queries can handle complex scenarios like different chart of accounts, unique intercompany relationships, or custom elimination rules that NetSuite’s standard consolidation cannot accommodate.
Step 3. Build real-time consolidation templates.
Create comprehensive consolidation workbooks in Excel or Google Sheets that automatically refresh with current NetSuite data. Include custom calculations for currency conversions, intercompany eliminations, and consolidation adjustments that would be difficult to implement in NetSuite’s native framework.
Step 4. Integrate multiple data sources.
Combine NetSuite subsidiary data with external sources, manual adjustments, or supplementary information in unified consolidation workbooks. This multi-source capability overcomes NetSuite’s limitation of only reporting internal data.
Step 5. Set up automated refresh schedules.
Configure hourly, daily, or weekly automated refreshes to ensure consolidated reports stay current without manual intervention. This eliminates the need to wait for slow NetSuite consolidation reports while maintaining real-time data connectivity.
Take control of your consolidation process
This approach is particularly valuable for organizations with complex subsidiary structures, multiple currencies, or unique consolidation requirements that don’t fit NetSuite’s standard workflows. Start building flexible consolidation solutions that match your exact business needs.
