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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 planning tools require complex subsidiary consolidation data that NetSuite’s native export capabilities can’t handle effectively. You need robust data management for enterprise forecasting and budgeting that handles multiple currencies, inter-company eliminations, and dimensional mapping.
Here’s how to streamline NetSuite subsidiary consolidation for planning tools while maintaining data integrity across multiple entities.
Manage multi-entity consolidation using Coefficient
Coefficient provides robust capabilities for NetSuite subsidiary consolidation data management. The platform addresses complex multi-entity requirements that planning tools typically demand for enterprise forecasting and budgeting, with comprehensive access to NetSuite subsidiary data.
How to make it work
Step 1. Access multi-entity data sources.
Configure separate imports for each subsidiary using Coefficient’s filtering capabilities for subsidiary-specific data. Use SuiteQL queries to create consolidated datasets across multiple subsidiaries with custom field support for subsidiary-specific data and inter-company transactions. Apply department/location filtering beyond subsidiary level for additional organizational dimensions.
Step 2. Process consolidation data workflow.
Import financial data from each NetSuite subsidiary separately for entity-level extraction. Apply currency standardization calculations in spreadsheet environment for multi-currency handling. Create inter-company elimination calculations using spreadsheet formulas, then combine subsidiary data into planning tool format requirements.
Step 3. Configure advanced multi-entity features.
Respect NetSuite role permissions for subsidiary data access with built-in access controls. Process different subsidiary currencies with proper conversion rates for multi-currency handling. Access and process inter-company eliminations and adjustments, then handle subsidiary data by department, class, and location dimensions.
Streamline enterprise consolidation
This approach significantly streamlines NetSuite subsidiary consolidation for planning tools while providing the control and validation that enterprise multi-entity planning requires. Start building your multi-entity planning workflows today.
