Netgain provides automation tools embedded in NetSuite that streamline accounting processes, reducing manual tasks and enhancing reporting accuracy. By transforming accounting teams into strategic advisors, the platform enables businesses to make informed financial decisions quickly and efficiently.
Funding
$38.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many accounting teams rely on manual processes and disconnected applications, leading to inefficiencies, errors, and a lack of real-time visibility into financial data. This reliance on spreadsheets and disparate systems hinders strategic decision-making and increases the risk of non-compliance.
Solution
Netgain offers a suite of accounting automation tools embedded directly within NetSuite, streamlining workflows and enhancing reporting accuracy. By automating repetitive tasks such as bank reconciliation, lease accounting, and fixed asset management, Netgain frees up accounting teams to focus on strategic analysis and business impact. The platform provides robust reporting and audit trails, ensuring data accuracy and compliance. Netgain's user-friendly solutions make advanced accounting tasks accessible to all team members, regardless of their technical expertise.
Target Audience
Netgain primarily targets CFOs and accounting teams using NetSuite who seek to automate accounting processes, improve data accuracy, and gain real-time financial visibility.
Features
- **NetAsset:** Manages the entire lifecycle of fixed assets, from cost build-up to capitalization, amortization, and write-offs.
- **NetCash:** Automates bank reconciliations within NetSuite.
- **NetClose:** Accelerates the monthly close process with auto-reconciliation and workflow tracking.
- **NetLease:** Ensures compliance with ASC 842, IFRS 16, and GASB 87 by automating lease accounting tasks.
- **NetLessor:** Automates revenue recognition for lessor leases and generates instant reports.
- **NetLoan:** Manages loans and automates complex accounting tasks.
- **Shared Transactions:** Routes the general ledger impact of a single transaction to different subsidiaries.
- **Analytics:** Syncs PowerBI with NetSuite for business intelligence, dashboards, and reporting.
- Integrations with eCommerce platforms, 3PL, CRM, and Outlook.