Integrating Xero and NetSuite is one of the best investments businesses can make for their financial systems. As 2 of the leading cloud-based business solutions on the market, these powerful tools provide users with a complete suite of services to help manage their finances. By integrating them together, users can access a full range of features that improve efficiency, reduce costs and maximise profits.
For starters, combining Xero and NetSuite makes it easy for businesses to centralise all of their financial information in one location. This eliminates the need for multiple data silos, which can be very time-consuming to maintain. Additionally, having a single source of truth simplifies reporting and creates a more accurate view of the company’s financial position. Integrating the two platforms also streamlines workflow processes and removes manual errors that can result in costly mistakes.
What is NetSuite?
NetSuite is an ERP (Enterprise Resource Planning) solution that provides businesses with a comprehensive suite of financial management capabilities. It equips users with powerful tools for managing customer relationships, tracking and analysing business performance, streamlining operations, consolidating financials and more. NetSuite also makes it easy to connect with other applications, providing the flexibility and scalability businesses need to meet their current and future needs.
What is Xero?
Xero is an online accounting software designed to simplify bookkeeping and other financial tasks. It offers users the ability to manage finances, reconcile accounts, generate invoices, track expenses and pay bills with ease. With its intuitive design and user-friendly navigation, Xero makes it easy for businesses to stay on top of their financials.
Benefits of Integrating Xero & NetSuite
Integrating Xero and NetSuite offers many advantages, including:
Streamlined financial processes
By linking the two systems together, businesses can create automated workflows that streamline their financial processes. This eliminates time-consuming manual data entry and allows them to focus on more strategic tasks instead.
Improved decision making
Combining Xero and NetSuite ensures that all of a business’s financial data is accessible in one place. This creates a centralised source of truth, which makes it easier for users to access accurate, up-to-date information and make more informed decisions.
In addition to improved decision-making, Xero & NetSuite integration offers increased visibility across the organisation. This allows businesses to identify problem areas and take action quickly.
Enhanced reporting capabilities
By integrating Xero and NetSuite, users can take advantage of enhanced reporting capabilities. This includes the ability to generate detailed financial reports that provide an in-depth picture of the company’s performance and position across all subsidiaries.
Xero and NetSuite: A Hybrid System
Using a hybrid system of Xero and NetSuite is one way to overcome the challenges of migrating from Xero to NetSuite. This way, you can keep your smaller entities on Xero while moving your larger subsidiaries to NetSuite. You can automate the roll up of one or more Xero instances into NetSuite for a complete consolidated view with Xero Integration Plus.
This can be a temporary or permanent structure for a business system. This method has several advantages. For starters, it enables you to keep your data secure and accurate in both systems throughout the migration process. Second, it allows you to test and ensure that all of your data has been successfully migrated before making the full switch to NetSuite. Third, you can continue to use Xero until you're ready to transition completely to NetSuite accounting solutions, or you can stay with the hybrid model indefinitely.
About Xero Integration Plus, by PKF Digital
PKF Digital's Xero Integration Plus connector integrates your NetSuite account with Xero, allowing you to use both platforms and gain insights into your key business activities.
This helps businesses to:
Auomate the process of migrating data from Xero to NetSuite
Migrating data from Xero to NetSuite can be a complex process due to the different types of data that need to be moved. Often this is one of the major roadblocks to businesses going live with NetSuite, which can be a costly delay. Xero Integration Plus automates this process, meaning that businesses can go live quickly and with minimal disruption.
Eliminate manual data entry errors
Manual data entry is prone to error, which can have serious implications for businesses. Xero Integration Plus provides automated data synchronisation between Xero and NetSuite, eliminating the potential for human error and ensuring that all information is up-to-date and accurate.
Provide an automated path for consolidations and reporting
Xero Integration Plus makes it easier to consolidate information from multiple Xero entities into a single NetSuite instance. This provides businesses with the ability to access consolidated reports that are accurate and up-to-date. This is essential for making strategic decisions and monitoring performance.
Automatically sync your NetSuite data with Xero
Xero Integration Plus also offers automated bi-directional data syncing between NetSuite and Xero. This eliminates many data entry tasks and ensures that all of a business’s financial data is always up-to-date, accurate, and accessible in one place.
Ready to Make Your Business Case for Xero & NetSuite to Be Integrated?
NetSuite and Xero integration can provide a range of benefits for businesses of all sizes. From improved decision-making to increased visibility, this powerful combination offers businesses the ultimate in financial control and reporting capabilities. With an automated solution such as Xero Integration Plus, businesses can easily move their data from one platform to another with minimal disruption, allowing them to focus on the tasks that are important for driving their company forward.
Interested in Learning More About PKF Digital?
PKF Digital are experts in technology solutions for small and medium-sized businesses. We have helped many businesses successfully migrate from Xero to NetSuite, and we understand the complexities of this process. Our team of technical experts have streamlined the data migration process, from Xero to NetSuite, eliminating a major roadblock for many companies.
Our expert team is ready to help you make the transition, so contact us today to discuss how we can assist you in leveraging the power of both Xero and NetSuite.