Netgain - Advanced Asset, Loan & Lease Management for NetSuite
Netgain have focused on generating value through the research, design, development, sale and implementation of NetSuite products and services that simplify, standardise, and automate complex finance and accounting processes and systems.
TeamBlueSky is a proud partner of Netgain as they have a deep understanding of core accounting requirements as their company is made up of CPA’s who have lived and breathed accounting on the NetSuite platform. Our clients streamline their accounting processes with the native NetSuite products Netgain have developed to overcome complex business challenges.
Netgain is a Built for NetSuite Native Solution to Streamline Your Complex Accounting Administration
NetAsset
Advanced Fixed Asset Management designed to streamline asset proposals, acquisition, depreciation, asset profitability reporting, costing for repairs and maintenance, compound asset management and disposal procedures.
NetLease
Advanced Lease Management module designed to help lessees and lessors manage the commencement of lease agreements, monthly accounting impacts, modifications and renewals, lease detail disclosure and reporting analysis for a wide range of accounting standards.
NetLoan
Advanced Loan Management module designed to provide NetSuite users with the ability to manage the full lifecycle of loans, from origination to payoff. Full transparency of capitalisation and amortisation as well as accounting impacts.
NetClose
Advanced Close Management module designed to save time by improving account reconciliation, speed and accuracy. Show what's done, where the gaps are and easily identify any outstanding risk by putting your close checklist with your end of month financials.
Manage The Operational and Accounting Impacts of the End-to-End Fixed Asset Lifecycle with NetGain
NetSuite Asset has been designed to streamline the entire fixed asset management process and make it easy to manage the complete lifecycle of the asset, including links to all related transactions such as purchase requisitions, purchase orders, vendor bills, invoices, maintenance logs, depreciation history, asset compounding and disposal.
Asset Requisition & Proposals
Manage the internal workflow process around asset requisitions and approvals and get visibility into the impacts of asset purchases.
Asset Acquisition/Build-Up
Once approved, manage the purchase/build of the asset including purchase orders, vendor bills, time, labour and expense inputs.
Asset Task/Milestone Mangement
Proactively define the tasks required to maintain/service assets including timing, consumables and frequency.
Automate Depreciation
Define and automate your depreciation calculations and recurring journals at the asset level including straight line, declining balance, sum-of-years and units of production.
Asset Transfers and Revaluation and Disposal
Manage all aspects of asset transfers and revaluations during the lifecycle of the asset and implement a defined process for managing disposal and write-off of assets.
Fixed Asset Reporting
Access a comprehensive suite of reports relating to fixed asset value, depreciation, locations, segmentation, profit and loss at the asset level and more.
Netgain Advanced Fixed Asset Tracking
NetAsset by Netgain is an Advanced Fixed Asset Management (FAM) Module built natively on Oracle NetSuite. NetAsset extends NetSuite's platform by adding features and functionality to support the creation, monthly management and disposal processes for companies who have complex fixed asset management requirements.
Capital Build Up
Manage the labour, expenses and materials during the asset build and transfer the sum asset costs into a created fixed asset record.
In-Service Placement
Track and manage the status and availability of assets as they progress through their maintenance cycles.
Depreciation & Adjustments
Calculate and automate the creation of depreciation journals in line with your chosen depreciation method.
Asset Maintenance
Build predefined maintenance schedules including timing, tasks and consumables required.
Physical Tracking
Manage the physical location of assets in your warehouse, or in the field.
Fixed Asset Reporting
Access out of the box fixed asset reports including asset valuations, asset roll forward reporting, asset waterfall reporting and more.
Features and Benefits of NetAsset by Netgain
NetAsset is Netgain’s Advanced Fixed Asset Tool that enables your business to operationalise, accounting maintenance, insurance and claims, tracking and reporting throughout all aspects of the fixed asset lifecycle.
This product is a native SuiteApp therefore has the following NetSuite benefits:
- 100% drill-down capabilities
- Direct transactional links to the asset
- Capture financial & non-financial data
- Single source of truth in a unified system
- ZERO integrations
The Asset Life Cycle is fully supported with NetAsset:
- Capital Build-Up
- In-Service Placement
- Depreciation & Adjustment
- Asset Maintenance
- Physical Tracking
- Reporting
Why NetAsset?
- CIP Build-Up
- Ability to segregate duties across the finance and accounting department
- Advanced reporting including Fixed Asset Roll-Forwards & Waterfall reports
- Direct connections to vendor bills & NetSuite projects
- Comprehensive physical asset tracking
- Intercompany asset transfers & eliminations
- Asset build-ups, splits, revaluations & disposals
- Ability to create advanced alternative depreciation schedules & multi book
- Save time by bulk processing
- Robust end to end audit trail reporting
Free Download
Understand why our clients choose to enhance NetSuite's Fixed Asset Management Capability with NetAsset by Netgain.
NetLease - Lease Management For NetSuite
NetLease is a built for NetSuite Lease accounting solution. The module will allow businesses to manage, operationalise and comply with AASB 16 as well as ASC 842 and IFRS 16 lease accounting standards.
This product is a native SuiteApp therefore has the following NetSuite benefits:
- 100% drill-down capabilities
- Direct links between Lease Liabilities and ROU Assets
- Reconciliations to vendor payments
- Capture financial & non-financial data
- Single source of truth in a unified system
- ZERO integrations
Lessee Functionality
- AASB 16, ASC 842, IFRS 16 & GASB 87 compliant
- Supports lease reporting & decision making throughout the entire lease lifecycle
- Push-button reporting for FASB, IFRS and GASB disclosures
- Full lease automation
- Integrated AP management
- Complete end-to-end audit trail
- Manage lease modifications
- Store and access key details and documents for each lease record
- Built on the NetSuite platform
Lessor Functionality
- Full lease automation
- Automatically calculates implicit rates and discount rates
- Integrated with native billing, inventory, and fixed asset management
- Automatically classify leases (operating, sales-type, or direct financing)
- Push-button reporting for both FASB, IFRS and GASB disclosures
- Manage lease modifications
- Complete end-to-end audit trail
- Supports lease reporting & decision making throughout the entire lease lifecycle
- Store and access key details and documents for each lease record
- Built on the NetSuite platform
NetLoan by Netgain
NetLoan allows businesses to track and manage loans directly in NetSuite by enabling the creation of amortization schedules to automate loan accounting and to streamline Principal and Interest allocations.
This product is a native SuiteApp therefore has the following NetSuite benefits:
- 100% drill-down capabilities
- Reconciliations to vendor payments
- Capture financial & non-financial data
- Single source of truth in a unified system
- ZERO integrations
Capture all details from Loan origination to Pay off:
- Originate Loan
- Create Amortization schedule
- Make Interest and Principle Payments
- Modify Terms
- Monitor & Report
- Pay off loan
Why NetLoan?
- Complete amortization schedule
- Integrated AP management
- Allocation of payments between principal & interest
- Forecasting of Loan Payments
- Capitalize & amortize loan origination fees
- Balloon payments
- Manage loan modifications
- Store & access key details and documents for each loan
- Bulk processing
- Loan dashboard & reporting
- Complete end to end audit trail
- Built on the NetSuite platform
NetClose Brings Close Management into NetSuite
Save Time Every Month
- Automated reconciliation makes each monthly close quicker
- Workflow management notifies team members when their tasks are ready to perform
- Links from tasks to documentation, SOP's and NetSuite capabilities speed up tasks each month
Run the Close in Your ERP
- Automated reconciliations reduce human error
- Utilises native NetSuite permissions and audit trail
- Flux analysis helps tell the story behind the numbers
- Simplifies management of sign offs and certifications
Confidence in the Close
- Direct links to GL and source transactions
- 100% drill-down capability
- Capture financial and non-financial data
- Real time visibility
Superior Benefits Native to NetSuite
- Manage close accounting and procedures in your core financial system
- Familiar NetSuite environment
- No integration necessary
- Unified database as single source of truth
Key NetClose Capabilities
- Automate reconciliation using existing details recorded in NetSuite
- Accounting close, consolidation and reporting task management using predefined monthly, quarterly or annual templates
- Accounting procedures documented and linked directly to task management
- Key control tracking through native NetSuite roles and permissions
- Certification process management within ERP
- Financial fluctuation analysis and documentation with customisable thresholds
