Accounting Management

Streamline and optimize time-consuming and resource-intensive manual procedures by centralizing real-time data for transactions, finances, and operations.
Improve accuracy and eliminate errors caused by repetitive data entry and incorrect formulas, thus eliminating the necessity for spreadsheets and redundant information.
Implement appropriate guidelines and timeframes for revenue recognition, expense allocation, and effective management of financial processes such as amortization, depreciation, prepaid expenses, and deferred expenses.
Enhance Accounting Accuracy by eliminating duplicate data entry and inefficient spreadsheets.
Access real-time metrics and role-based dashboards to effectively monitor business activities.
Expedite the financial closing process while ensuring compliance with accounting standards.
Attain flexibility and visibility, advanced reporting capabilities, improved audit trails, and the ability to customize account types, transactions, and reporting segments to meet unique business requirements.
Enhance the financial acumen of finance teams by offering an exhaustive overview of the organization's monetary streams and cash stance, empowering them to make highly strategic decisions like never before.

General Ledger

General Ledger system streamlines fundamental accounting tasks and offers a versatile framework that caters to the specific needs of any company. Tailor account types, transactions, and reporting sections to align with distinctive business prerequisites. Diminish the need for manual data input through instantaneous bank integration, transaction matching based on predefined rules, and automatic posting of journal entries. This solution equips finance and accounting experts with the necessary tools to uphold precise financial records, generate comprehensive reports, and successfully complete the closing process.

Achieve precise calculations and seamless alignment of your financial data in a single location, offering the adaptability, in-depth understanding, and supervision necessary to comply with rapidly evolving business needs.
Customize workflows and transaction types to align with the distinctive framework and needs of your business, enabling you to manage your general ledger effectively.
Stay informed about your business's financials at all times by accessing your books from any internet-connected device, such as a phone, tablet, or computer, ensuring constant visibility.

Cash Management

Cash management offers instant access to bank and credit card information, expedites the reconciliation procedure, and enhances the efficiency of the accounting team. By facilitating automatic imports, it presents an accurate depiction of the current cash status, enabling finance professionals to optimize working capital, forecast cash needs, and generate precise reports. To optimize cash flows, monitor bank accounts, manage liquidity, and make well-informed decisions, finance teams require both visibility and reporting tools. This solution provides a comprehensive overview of the company's cash flows and cash position, allowing finance teams to adopt a more strategic approach than ever before.

Streamline the process of importing bank and credit card data from numerous global financial institutions in order to provide a comprehensive overview of daily cash availability for finance personnel.
Simplify and expedite the process of reconciling bank and credit statements with general ledger accounts, minimizing both time and effort required.
Facilitate the automatic posting of transactions from imported bank and credit card data, allowing users to define specific criteria for seamless integration.

Accounts Receivable

Accounts receivable allows businesses to effortlessly and promptly generate and send invoices, establish credit terms, oversee collections, and acquire the necessary funds for expansion. This empowers companies to expedite their credit-to-cash cycle, capitalize on emerging investment prospects, and enhance overall liquidity. Moreover, the ability to access real-time information throughout the entire accounts receivable procedure enables finance teams to effortlessly monitor the status of outstanding receivables. This can be done at both a macro level and on an individual customer and invoice basis. By automating and streamlining the invoice delivery, payment processing, and collections management, businesses can effectively enhance liquidity for growth, reduce the credit-to-cash timeline, improve service levels, and seize investment opportunities promptly.

Automate manual processes for accounts receivable and empower finance teams to generate digital invoices and provide multiple payment choices to accelerate collections.
Provide a comprehensive accounting solution that covers cash flow and revenue management, automated quote-to-order fulfillment, and integrated planning and budgeting.
Access real-time customer aging, invoice analysis, recurring invoices, deferred and recognized revenue calculations, customizable dashboards, reports, and key performance indicators (KPIs), with exception reports to identify any irregularities in accounts.

Accounts Payable

Accounts payable streamlines the assessment, endorsement, and settlement of supplier invoices, granting you enhanced oversight throughout the entire procure-to-pay cycle. Keep comprehensive vendor records, generate and oversee purchase requests, and enhance data precision by automatically aligning invoices with the appropriate vendor and purchase order. Automating journal entries eliminates the need for manual entry of debits and credits, resulting in time savings and accurate payment recording. Through the automation of accounts payable procedures, time is saved, and efficiency is amplified. Leverage early payment discounts to avoid late fees and ameliorate cash flow. Comply with internal policies and evade payment fraud by employing automated review and authorization workflows.

Streamline and automate your complete accounts payable procedure by eliminating the use of paper and manually entering invoice details, matching them, and processing payments.
Acquire instant access to essential accounts payable data, such as AP aging, check records, pending invoice approvals, and payments in transit.
Efficiently oversee the entire procure-to-pay cycle on a unified platform, keep track of budgets to prevent excessive spending, automate approval workflows, and time payments strategically to maintain cash reserves.

Account Reconciliation

Account Reconciliation streamlines the process of reconciling general ledger accounts, such as bank reconciliations, credit card matching, intercompany transactions, account receivables and payables, and invoice-to-PO matching, all within a unified workspace. By implementing Account Reconciliation, the need for error-prone manual checks and reconciliations is eliminated, empowering accounting teams to redirect their focus towards exceptions, high-risk reconciliations, and strategic endeavors. It facilitates the automation of account reconciliation for various balance sheet accounts, including accounts payable and receivable, bank, credit card, prepaid, inventory, accruals, fixed assets, and intercompany transactions. Through a centralized system, the status and intricate details of each account can be efficiently managed and monitored, validating balance comparisons and providing visibility on preparers, reviewers, and sign-off dates.

Optimize efficiency by eliminating the time-consuming tasks of downloading data from source systems, manually aggregating details in spreadsheets, conducting manual reviews of account balances, and employing complex formulas for matching and reconciling.
Ensure meticulous reconciliation of accounts by employing the correct format and offering complete justification and logical explanations for any adjusting entries.
Obtain a thorough summary of reconciliation statuses using real-time dashboards and personalized reports accessible in a centralized location.

Tax Management

Finance teams can effortlessly generate detailed reports that analyze transactions in real-time, including line-item tax details. This feature streamlines global tax compliance, resulting in time savings, reduced costs, and the elimination of manual calculations. NetSuite's pre-built tax logic automates taxability determinations and calculations for every transaction, even at the individual item level. With this solution, domestic and global tax management becomes simple and easy, providing detailed reports that analyze transactions in real-time, including line-item tax details. This solution also facilitates the handling of local taxes across subsidiaries and supports multiple tax schedules for various taxes like GST, VAT, consumption tax, and general sales tax.

Utilize configurable reports to effectively define and implement tax codes and transaction types for all sections of the tax form, while also having the ability to personalize reports for any specific country.
Ensure accurate tax calculations for international transactions by validating customer and vendor VAT/GST registration numbers, thereby determining the correct taxes for cross-border goods and services.
Establish role-based access control and permissions within NetSuite to restrict unauthorized modifications, including the capability to override tax jurisdictions.

Close Management

Finance teams can expedite the financial close process by automating inefficient manual tasks like journal entries, account reconciliations, variance analysis, and intercompany transactions. Additionally, reducing reliance on spreadsheets ensures the accuracy and timeliness of financial statements. Our platform centralizes all your financial information in one place, empowering your accounting staff with convenient, permission-based access. This streamlines the process, enabling quick retrieval of necessary financial information, efficient report generation, and accurate closing of books. With automation and real-time financial data at your fingertips, you can adopt a continuous or rolling close process. This approach enables accounting teams to maintain up-to-date accounts on a daily basis and readily provide financial information throughout the monthly reporting cycle.

Streamline the financial closing process by automating laborious manual tasks, including journal entries, account reconciliations, variance analysis, and intercompany transactions.
Enhance efficiency by swiftly comprehending the closing cycle, enabling department managers to closely monitor progress.
Efficiently handle subsidiary level accounts through automated posting and consolidation, resulting in time savings and ensuring compliance with accounting standards and reporting obligations.

Fixed Assets Management

Fixed Assets Management simplifies and improves financial reporting by automating the depreciation and lease accounting of fixed assets. It allows for the creation of a comprehensive inventory of existing assets, including important details such as acquisition cost, in-service date, and estimated useful life. It also facilitates the tracking of lease agreement information, including contract value, duration, and discount rate.By utilizing Fixed Assets Management, businesses can effortlessly handle the entire lifecycle of their assets, right from acquisition to retirement, without relying on spreadsheets and time-consuming manual processes. This empowers organizations to effectively manage and control both depreciating and non-depreciating assets from beginning to end. The Finance teams can bid farewell to manual spreadsheets and overcome the challenge of tracking assets across multiple facilities by leveraging a fully integrated fixed-asset accounting solution.

Increase efficiency by automating depreciation and lease accounting, reducing the need for spreadsheets, manual tasks, and redundant data entry. This streamlines the close process, ensuring fewer errors and faster results.
Establish a precise inventory of fixed assets, distinguishing between depreciable and non-depreciable items. Maintain comprehensive records throughout their entire lifecycle, ensuring accuracy and thoroughness.
Acquire critical lease information, such as commencement and termination dates, total cost, and discount rate. Systematically amortize lease expenses over the duration of each agreement, allowing for accurate financial planning and management.

Payment Management

The payment management system offers flexible options for both sending and receiving payments. This not only saves time, but also decreases processing costs and enhances cash flow. Organizations can make use of this system to accept payments from customers through credit cards, direct debit, or any of the various supported payment services. The outbound payment features include online bill payment, direct deposit, and other electronic funds transfer options. Regardless of whether you send invoices to customers, charge their credit cards periodically, or accept payments online or at the point of sale, the banking payments and payment processing solutions provide the necessary tools to improve collections. Additionally, they offer real-time financial data insights that aid in tracking and reducing days sales outstanding.

Enhance cash flow, decrease the number of days for outstanding sales, and expedite payment receipt by providing your customers with the convenience of credit card and alternative payment methods, excluding checks.
Deliver all-encompassing assistance for credit card and other non-check alternatives by seamlessly integrating with payment gateways and utilizing a wide-ranging network of reliable partners.
Guarantee prompt and precise payments from suppliers, employees, and sales associates by implementing electronic funds transfer options such as ACH payments and direct deposit.

Our implementation strategy is designed to ensure that your business operations undergo a swift and seamless transformation, resulting in faster time to value. Our experienced consultants utilize a structured approach that combines extensive industry knowledge with the latest implementation techniques. This enables you to expedite the deployment of our powerful solution and experience a rapid return on investment.

Through our streamlined process, you can optimize productivity and streamline business processes with minimal disruption. We have consolidated the expertise gained from global deployments into a set of leading practices, providing a clear path to success and delivering rapid business value.

With Nirmalya, you can confidently expect to go live within a predictable timeframe through smart, stepped implementations.

Nirmalya offers its services to companies of all sizes, including startups, fast-growing businesses, medium-sized enterprises, large corporations, and non-profit organizations. We assist these companies in streamlining their operational capabilities without the need for significant capital and operational expenditures. By eliminating the burden of maintaining an Enterprise Resource Planning system, which typically involves investments in manpower, hardware, and software, we help companies focus on their core activities.

Our collaboration with companies involves an initial setup fee for implementation, followed by an annual license fee based on the modules chosen by the customer for implementation. As businesses expand, customers have the flexibility to incorporate new modules as needed.