NetSuite Multi-Subsidiary Consolidation in OneWorld
By Colin Boothe, CIO at Foretopia NetSuite OneWorld consolidates subsidiaries by rolling child-entity balances up a subsidiary hierarchy at period-specific consolidated exchange rates, then posting intercompany eliminations to elimination subsidiaries during period close. The software does that part well. The hierarchy underneath it is the decision you cannot cheaply take back. A private-equity-backed manufacturer I … Read more
