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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 multi-entity consolidation forces you into manual exports and complex currency conversion processes that eat up hours and introduce errors.
Here’s how to automate the entire process with live data connections and real-time currency conversion.
Pull multi-entity data with automatic currency conversion using Coefficient
Coefficient transforms your consolidation workflow by connecting directly to multiple NetSuite subsidiaries and pulling financial data into spreadsheets with live currency conversion capabilities. You can import transaction records, account balances, and subsidiary-specific data with automatic refresh scheduling while accessing real-time exchange rates.
How to make it work
Step 1. Set up connections to each subsidiary.
Configure OAuth connections for each NetSuite subsidiary through Coefficient’s connection manager. This gives you simultaneous access to all subsidiary instances without manual switching between accounts.
Step 2. Import financial data using Records & Lists.
Pull Account and Transaction records from each subsidiary simultaneously. Apply filters to segment data by subsidiary and currency while maintaining a unified data structure across all entities.
Step 3. Create currency conversion formulas.
Build conversion calculations using live exchange rate APIs alongside your NetSuite data. Set up formulas that automatically convert subsidiary currencies to your reporting currency using current or historical rates as needed.
Step 4. Build consolidated views with automated calculations.
Create reporting templates that combine all subsidiary data with automatic currency conversion. These views update as subsidiary data changes, eliminating manual recalculation processes.
Step 5. Schedule automatic refreshes.
Set up hourly, daily, or weekly refresh schedules to keep your consolidated reports current. The system handles token management automatically, removing the need for manual re-authentication every seven days.
Get real-time consolidated reporting without the manual work
This approach cuts consolidation time from days to hours while providing currency conversion capabilities that NetSuite’s standard reporting can’t match. Start automating your multi-entity consolidation today.
