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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.”
Manual subsidiary consolidation for weekly reviews is time-intensive and error-prone. You’re pulling financial data from multiple NetSuite subsidiaries, handling currency conversions, and creating consolidated reports before every dashboard review meeting.
Automated subsidiary consolidation eliminates this manual process entirely. Your weekly dashboard reviews get unified multi-subsidiary reporting with automated currency handling and performance comparisons ready for immediate executive analysis.
Consolidate multiple NetSuite subsidiaries automatically using Coefficient
Coefficient excels at automating NetSuite subsidiary consolidation by connecting to multiple subsidiary data sources simultaneously. Import Income Statement data, transaction records, and account balances across subsidiaries within a single automated workflow. Schedule weekend refreshes so consolidated reports are ready for Monday dashboard reviews.
How to make it work
Step 1. Set up multi-subsidiary data import connections.
Use Coefficient’s subsidiary support to import financial data from multiple NetSuite subsidiaries simultaneously. Connect to Income Statement data by subsidiary via “Reports” import, transaction records with subsidiary segmentation via “Records & Lists,” and account balances across subsidiaries for consolidated balance sheet data.
Step 2. Build automated consolidation calculations.
Create spreadsheet formulas that automatically consolidate subsidiary data with currency conversion for multi-currency subsidiaries. Build intercompany elimination calculations and consolidated P&L and balance sheet summaries. Set up subsidiary performance comparisons and variance analysis using live NetSuite data.
Step 3. Configure weekly dashboard preparation scheduling.
Set up weekend refresh schedules to ensure consolidated subsidiary reports are ready for Monday dashboard reviews. All subsidiary data refreshes simultaneously for accurate consolidation timing and consistent reporting.
Step 4. Create comprehensive consolidation reporting components.
Build subsidiary performance summaries with automated ranking and comparison of subsidiary financial performance. Create consolidated financial statements combining P&L, balance sheet, and cash flow across all subsidiaries. Set up variance analysis with automatic calculation of subsidiary performance vs. budget and prior periods.
Step 5. Implement advanced consolidation features.
Use SuiteQL consolidation for complex cross-subsidiary queries and advanced consolidation calculations. Include subsidiary-specific custom fields in consolidation reporting. Handle multi-period consolidation automatically for current period, prior period, and year-to-date subsidiary data.
Step 6. Set up intercompany reconciliation and drill-down capabilities.
Track and eliminate intercompany transactions automatically within your consolidation process. Maintain ability to analyze individual subsidiary performance within consolidated views while providing executive-level consolidated summaries.
Transform complex consolidation into automated weekly insights
Automated NetSuite subsidiary consolidation eliminates time-intensive manual processes while providing comprehensive multi-subsidiary analysis. Your weekly dashboard reviews focus on strategic subsidiary performance analysis instead of data compilation and consolidation work. Start automating your subsidiary consolidation today.
