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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.”
Multi-entity NetSuite implementations create complex consolidation challenges that native reporting often can’t handle flexibly. Sophisticated subsidiary data handling addresses cross-subsidiary analysis and custom budget structures that standard consolidation reporting lacks.
Here’s how to manage complex multi-entity consolidation scenarios while maintaining detailed visibility for effective budget management.
Manage complex multi-entity consolidation automatically using Coefficient
Coefficient provides sophisticated subsidiary data handling that respects NetSuite’s security model while enabling flexible consolidation approaches. This addresses the complex challenges of multi-entity implementations without manual data compilation.
How to make it work
Step 1. Configure subsidiary access permissions properly.
Ensure your NetSuite role permissions include access to all relevant subsidiaries. The system respects NetSuite’s security model, so users can only import data from subsidiaries they’re authorized to view, maintaining data security across entities.
Step 2. Use selective import methods for different consolidation needs.
Use Reports Import for consolidated Income Statements with subsidiary selection options. Choose Records & Lists for GL accounts with subsidiary filtering to create separate budget comparisons by entity. Implement SuiteQL queries for custom consolidation logic with complex budget structures.
Step 3. Handle currency considerations for accurate consolidation.
When subsidiaries operate in different currencies, import both local currency and base currency amounts. NetSuite’s currency conversion data enables accurate consolidated budget comparisons while maintaining visibility into foreign exchange impacts.
Step 4. Manage intercompany eliminations systematically.
Use filtering capabilities to exclude or separately track intercompany transactions that need elimination in consolidated budget views. SuiteQL queries can identify and handle these transactions automatically based on your elimination criteria.
Step 5. Create flexible consolidation views with automated refresh.
Build separate worksheet tabs for individual subsidiaries and consolidated views. Set up automated refresh schedules that update all entities simultaneously for consistent reporting timing across your organization.
Eliminate manual subsidiary data compilation
Automated financial consolidation eliminates manual subsidiary data compilation while maintaining detailed visibility needed for effective multi-entity budget management and variance analysis. Your consolidation process becomes reliable and timely. Automate your subsidiary consolidation today.
