description NetSuite Financials Overview
NetSuite Financials is a cloud-based financial performance management software for mid-market enterprises. It offers a comprehensive suite of tools for budgeting, forecasting, and financial analysis. NetSuite's solution emphasizes ease of use and integration with other business processes.
help NetSuite Financials FAQ
Is NetSuite Financials just accounting software, or is it a full ERP?
It is the financial core of Oracle NetSuite, a cloud ERP that can also connect finance with CRM, inventory, commerce, and professional services. Oracle generally positions NetSuite for small and medium-sized organizations, while Oracle Fusion Cloud ERP targets larger enterprise deployments. [Oracle annual report](https://www.sec.gov/Archives/edgar/data/1341439/000119312526277521/orcl-20260531.htm)
Can NetSuite Financials consolidate several companies and currencies?
Yes, NetSuite OneWorld manages multiple subsidiaries, tax jurisdictions, and currencies in one account, with consolidated reports and subsidiary drill-downs. Oracle's OneWorld material says it supports more than 190 currencies and more than 200 countries and dependent territories, subject to the licensed setup. [NetSuite OneWorld](https://www.netsuite.com/portal/assets/public/ds-netsuite-oneworld.pdf)
Does NetSuite Financials include budgeting and forecasting?
Budgeting and forecasting are handled through NetSuite Planning and Budgeting, which synchronizes with NetSuite ERP and supports driver-based plans, scenario modeling, and rolling forecasts. It is a separate planning product in the NetSuite family, so confirm whether it is included in a quote. [NetSuite Planning and Budgeting](https://www.netsuite.com/portal/collateral/public/ds-ns-planning-and-budgeting.pdf)
How does NetSuite Financials differ from Oracle Fusion Cloud Financials?
Both are Oracle cloud financial systems, but NetSuite is generally positioned for small and medium-sized organizations, while Fusion Cloud Financials is aimed at larger, more complex enterprise operations. Fusion includes General Ledger, intercompany accounting, payables, receivables, payments, cash management, tax, expenses, and assets. [Oracle Financials](https://www.oracle.com/uk/erp/financials/)
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