Accounting efficiency has always played a major role in the success of any business from the times unknown. With automation entering almost every field, accounting and finance also needs to be automated. NetGain stands at the forefront of this transformation by providing its innovative services and products to standardize and automate the accounting processes. It has revolutionized the landscape of accounting and IT by helping the clients get modern solutions to their problems. Let’s read further to understand NetGain, its products, and its partnerships with SuiteWorld.
What is NetGain?
NetGain was started in 2018 by Adam Riches and Nathan Smart. They both worked as auditors in Big 4 companies and realized the power of NetSuite to optimize business operations. They began NetGain with the aim of providing solutions to the most challenging accounting and finance problems. By leveraging the power of automation and AI, NetGain helps the businesses to gain efficiency and accuracy in their accounting processes by providing specialized tools to accounting teams. It addresses the unique challenges faced by small and medium-sized businesses.
Products offered by NetGain
NetGain provides a wide array of products that are specially customized to provide solutions to the accounting teams in different businesses so that they can focus on their core activity and NetGain can take care of their accounting processes. Let’s learn about these products.
- NetLease: Net Lease is a specialized leasing solution provided by net gain to the accounting teams to comply with ASC 842, IFRS 16, and GASB 87 standards. This product automates the tracking and management of lease contracts, ensuring preparation of correct accounts and reducing the risk of errors. It makes the lease liabilities visible in real time so that the companies can remain compliant with lease laws.
- NetAsset: Tracking and depreciation of assets can be a tedious task. Net assets help to streamline the management of assets and their tracking. The product includes prebuilt reports and automated depreciation schedules through which the companies remain compliant to the regulations. Its user-friendly interface makes it easy to manage the assets throughout their life starting from their purchase to their disposal.
- NetCash: Bank reconciliation is a very critical and time-taking process. Net Cash helps in automating this process, reducing the time and effort required for the same. By directly connecting to the bank account, NetCash matches the cashbook details with the bank details to find any kind of dispersion in the recording of transactions. Through this process, the problem of human error is eliminated, thereby, presenting more accurate and up-to-date financial transactions.
- NetClose: The monthly closing process in accounting is a very time taking process. NetClose leverages the use of advanced accounting technology and reconciliation processes to make this process easier. This product offers a centralized system for reconciliation of accounts and helping the closing process while tracking errors and bottlenecks. It ensures that the accounts are error free and efficient.
- NetLoan: Within the NetSuite software NetLoan provides full information and visibility about the loan management. The product automates the log. On recording and tracking by providing information about balances and interest calculations, making sure that all the payments are made regularly and accurately and are easily accessible.
Industries served
Future Road Map
NetGain as a Sponsor of SuiteWorld
NetGain is delighted to announce its platinum sponsorship with SuiteWorld 2024. It is ready to take a front seat at the event by exhibiting its innovative products at the largest NetSuite conference. Their mission is to bring together transformational technology and expert accounting teams in order to revolutionize the ecosystems of businesses. At their booth in SuiteWorld 2024, they will help business discover how:
- NetSuite can be their single source of truth.
- Giveaway with risk of inefficiency and errors of manual processing.
- Maximize the Return on Investment on NetSuite usage.
- Save time by giving strategic solutions.
NetGain is ready to offer the best of its potential at the NetSuite conference and collaborate with the participants to gain valuable insights.
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