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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.”
Month-end financial reporting requires current data, but NetSuite’s static export capabilities force finance teams to manually refresh trial balances and GL details throughout the close process.
Here’s how to set up near real-time data synchronization that keeps Excel financial models current during month-end close.
Near real-time NetSuite sync using Coefficient
Coefficient provides the closest alternative to real-time sync through hourly automated refreshes and on-demand manual updates. While true real-time sync isn’t possible due to NetSuite API limitations, this approach transforms traditional month-end workflows by automatically updating Excel-based financial models throughout the close process.
How to make it work
Step 1. Set up hourly refresh schedules during close periods.
Configure automated data pipelines to refresh every hour during month-end close. This ensures Excel-based financial models contain the most current transaction data, accruals, and adjustments as they’re posted to NetSuite.
Step 2. Configure multi-subsidiary consolidation workflows.
Set up automated imports where data from different NetSuite subsidiaries populates designated Excel worksheets simultaneously. Include custom period reporting that aligns with fiscal calendars and accounting periods for accurate month-end analysis.
Step 3. Enable manual refresh for critical adjustments.
Use Coefficient’s on-sheet refresh buttons or sidebar to trigger immediate updates when critical journal entries are posted. This provides real-time updates without waiting for scheduled refresh cycles during time-sensitive close activities.
Step 4. Build automated variance analysis workflows.
Create Excel templates where budget vs. actual calculations update automatically as new transactions post to NetSuite. Set up trial balance imports that refresh as journal entries are posted, and income statement data that updates throughout the close process.
Accelerate your month-end close
Near real-time NetSuite synchronization eliminates the manual refresh cycles that slow down month-end reporting and ensures Excel financial packages always reflect current data. Transform your month-end close process today.
