NetSuite treasury management

NetSuite Treasury Management capabilities are built into the NetSuite platform rather than being a completely separate product. Core cash management and bank reconciliation features are available within the standard NetSuite financials module, with additional treasury functionality available as part of advanced financial management capabilities. Annexa can advise on exactly which features are included in your current licence and what, if anything, needs to be added.

NetSuite supports bank feeds via direct connectivity and file-based imports, and is compatible with the major Australian and New Zealand banks. The specific connection method depends on your bank’s supported formats. During implementation, Annexa will confirm the appropriate connection approach for each of your banking relationships and configure feeds accordingly.

Yes. NetSuite supports payment processing in multiple currencies, with automatic application of exchange rates at the time of payment. All transactions are recorded in both the payment currency and your base currency, with revaluation handled automatically as rates move.

NetSuite is used by businesses of all sizes, from startups to rapidly growing companies. If you’re considering making the switch but unsure about the cost, here’s a quick breakdown.

NetSuite operates on an annual subscription model, which includes three key components: the core platform, optional modules, and the number of users. There’s also a one-time implementation fee for the initial setup. As your business expands, you can easily add new modules and users, thanks to the flexibility of cloud software.

While core treasury and bank reconciliation features are available within the standard NetSuite financial management module, additional treasury capabilities may require specific modules depending on your requirements.

Want to get a NetSuite pricing estimate? Contact us now to discuss your specific needs.

For businesses implementing treasury as part of a broader NetSuite go-live, treasury configuration is typically completed within the standard implementation timeline of 3 to 6 months. For businesses adding treasury capabilities to an existing NetSuite environment, a focused treasury implementation can often be completed in 4 to 8 weeks depending on the number of bank connections, payment workflows, and reporting requirements involved.

Yes. NetSuite complements rather than replaces your existing bank portals. You continue to access your banks directly for functions not handled within NetSuite, whilst NetSuite provides the consolidated visibility, reconciliation, and reporting layer across all of your banking relationships.

NetSuite’s bank reconciliation tools support rule-based automatic matching, allowing high-volume accounts to be reconciled largely without manual intervention. Rules can be configured to match on transaction reference, amount, date range, or other criteria, with unmatched items flagged for manual review. This makes reconciliation practical even for accounts processing hundreds of transactions per day.

NetSuite includes a range of standard cash reports including cash position summaries, bank account balances, payment run reports, and reconciliation status. Custom reports and dashboards can be configured to display the specific cash metrics your team monitors regularly, with real-time data feeding directly from your general ledger and bank feeds.

As NetSuite’s 2024 ANZ Growth Partner of the Year, Annexa provides comprehensive support including implementation, customisation, ongoing support, and strategic guidance – all delivered by an Australian and New Zealand-based team.