The month-end close can be daunting.
From reconciling accounts to ensuring all transactions are recorded accurately, the process requires meticulous attention to detail. Plus, inefficient processes and disjointed data can make the monthly close time-consuming—taking at least six days on average to complete.
But the right software solutions can automate the tedious manual tasks and streamline the month end closing process, turning it into a stress-free activity.
That’s why we created NetClose.
NetClose takes the repetitive manual tasks out of your financial close, like amortizations, reconciliations, and flux analysis. This means you can reclaim your time and rest easy that your financial statements are accurate.
But don’t take our word for it. Here are our customers’ favorite NetClose features, according to their reviews on G2—where we were awarded the summer 2024 High Performer badge.
1. Implementation is quick and painless
Some accountants might be hesitant to take on a new software solution because they don’t want to go through a long and complicated implementation. But Netgain’s implementation team makes sure that businesses get up and running quickly.
“Implementing it was hassle-free. We had a great implementation consultant that went above and beyond to help us set it up and work out all the issues.” — Martynas I.
“Implementation was smooth as silk." — David R.
2. It has an easy learning curve and user-friendly interface
Confusing user interfaces can hinder your team more than they help. That’s why we focused on creating a user-friendly solution.
“The intuitive interface of NetClose makes it incredibly easy to navigate.” — Verified User in Accounting
“We started using it immediately and had no problems at all. It is easy to learn, easy to teach to others, and has lots of features we are using.” — Sherri M.
3. It’s fully embedded in NetSuite
When you constantly switch from your ERP to spreadsheets to accounting software, you can lose focus and introduce human errors. But NetClose is fully embedded in NetSuite, so you can perform all your close activities in one place.
“Sitting inside NetSuite, the NetClose tool feels intuitive and provides direct connection to the data rather than having it sit outside in other platforms.” — Scott D.
“NetClose has made our monthly close process faster and much more organized. I love that it is integrated into our ERP and provides a simple solution to keep our close process streamlined and tidy.” — Verified User in Consumer Electronics
4. Task assignments create transparent and efficient workflows
When accounting teams use multiple platforms to manage the month-end close, tasks often fall through the cracks, responsibilities are unclear, and the whole process gets delayed.
NetClose puts all month-end close tasks where they belong—in your ERP—making the process more efficient and transparent.
“We love being able to enter all of our monthly, quarterly, and annual tasks into NetClose, assign them to staff, and have it fully integrated into NetSuite. We can easily see everything that needs to be done and NetClose made it easy to reallocate tasks due to either workload or time off.” — Verified User in Non-Profit Organization Management
“Being able to see where everyone is at during the close process gives a better estimate on when deadlines can be met.” — Holly G.
5. Drag-and-drop files and automatic matching speed up reconciliations
Manual reconciliations can take days to complete. In fact, 48% of accountants say their team spends over 10 hours each preparing spreadsheets. But with our automatic matching feature, you can drop in your data, and NetClose will do the rest.
“What I like best is the ease to drag and drop my reconciliation spreadsheets into NetClose. Then NetClose recognizes my account balances in my spreadsheet and cross references the balance sheet.” — Lucas B.
6. The centralized month-end checklist replaces manual checklists
A monthly close checklist is a great way to organize your month-end close tasks. Having this checklist embedded in your ERP is even better, keeping your tasks centralized and eliminating context switching between NetSuite and other platforms.
"I'm using it throughout the month to set up my month-end checklist (40+ tasks) and track my monthly reconciliations.” — Lucas B.
“Our favorite feature of NetClose is definitely the task manager. Previously, we were using a manual checklist in Excel.” — Verified User in Non-Profit Organization Management
7. It reduces your monthly close time
During the month-end close, 56% of accountants work longer hours per day.
But the monthly close doesn’t have to be associated with long nights anymore. By automating tasks like amortization and allocating duties more efficiently, you can cut days out of the process.
“We were able to cut down time off of our monthly close by shifting responsibilities using NetClose to optimize our staff's time.” — Verified User in Non-Profit Organization Management
“Being able to have scripts and saved searches perform auto-reconciliations helps my team focus on less admin work and more value-additive work. Managing prepaid expenses with the amortizations is a huge time saver for close and allows me to identify new prepaid expenses and process them so quickly.” — Scott D.
8. It’s stable and reliable
When you use a cloud-based software solution, you need it to be reliable to ensure you can accomplish your tasks without a hitch. NetClose provides this reliability, so you can get in the flow and complete your close on deadline.
“I've experienced consistent reliability and stability with NetClose. It performs exceptionally well under various conditions, ensuring uninterrupted workflows.” — Verified User in Accounting
9. Real-time visibility keeps you up to date
Is there anything worse than a balance change that goes undetected? NetClose gives you real-time visibility into your transactions and alerts you of any changes, so you don’t have to worry about inaccurate statements.
“The reconciliation tool also alerts me to balance changes if something is booked before things are closed down, so I know to go in and tweak things. I couldn't be more happy with this tool.” — Scott D.
10. Seamless collaboration connects remote teams
Because NetClose is embedded in your cloud-based ERP, you can work seamlessly with your colleagues regardless of location. You don’t have to wait for time zones to align to get the latest progress update. Everything is visible on NetSuite.
“We have a US subsidiary and an India subsidiary. Being able to see the progress being made halfway around the world is so helpful.” — Renee S.
11. The Netgain support team always has your back
If there’s one thing all NetClose customers agree on, it’s that Netgain support is unmatched. Our team of CPAs and NetSuite experts is always there to help troubleshoot issues and find innovative solutions.
“If I get stumped, I can always reach out to our account rep and get solutions.” — Lucas B.
“Netgain's customer support team deserves commendation. They are prompt, knowledgeable, and go the extra mile to address any queries or concerns.” — Verified User in Accounting
Automate your month-end close with NetClose
A smooth month-end close is achievable with the right strategies and software solutions. By leveraging technology that fosters team collaboration and streamlines workflows, you can reduce the stress that makes accountants dread the monthly close.
Are you ready to experience the benefits of NetClose for yourself? Take a self-guided product tour below to explore the features mentioned in this post, or reach out to our team for a personalized demo.
