Top Reasons to Hire a NetSuite Accountant for Your Business

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In today’s  business environment, having a strong accounting system is essential for success. Many businesses are turning to NetSuite, a leading cloud-based Enterprise Resource Planning (ERP) system, to simplify their financial operations. However, to truly unlock the potential of NetSuite, it’s important to have a skilled NetSuite Accountant on your team.

What is a NetSuite Accountant?

A NetSuite Accountant is a financial professional with expertise in NetSuite ERP and NetSuite accounting software. They understand the intricacies of the platform and can customize it to fit your specific business needs. Their role is to manage and optimize your financial processes using NetSuite, ensuring that your business runs smoothly and efficiently. NetSuite Accountants are crucial for businesses that rely on NetSuite for their financial management and operations.

Top Qualities of NetSuite Accountants

When looking for a NetSuite Accountant, there are several key qualities to consider:

In-Depth Knowledge of NetSuite ERP

A top-quality NetSuite Accountant has extensive experience with NetSuite ERP. They understand how to use the platform’s features to streamline financial processes and improve efficiency.

Strong Analytical Skills

A great NetSuite Accountant possesses strong analytical skills. They can interpret financial data accurately and provide valuable insights that help in making informed business decisions.

Attention to Detail

Accuracy is paramount in financial management. A proficient NetSuite Accountant pays close attention to detail, ensuring that all financial data is accurate and reliable.

Excellent Communication Skills

A top NetSuite Accountant can explain complex financial concepts in simple terms. This is essential for effective communication with other team members and stakeholders.

Problem-Solving Abilities

Financial management often involves addressing unexpected issues. A good NetSuite Accountant has strong problem-solving abilities and can quickly find solutions to any financial challenges that arise.

Top 8 Reasons to Hire a NetSuite Accountant

Here are the top 8 reasons why hiring NetSuite Accountants can benefit your business:

1. Proficiency in NetSuite Platform

NetSuite Accountants bring in-depth knowledge of the NetSuite platform. They ensure you leverage its comprehensive features to the fullest. They are adept at navigating the system, customizing it to suit your business needs, and optimizing your financial processes for maximum efficiency.

2. Optimized Financial Workflows

With a NetSuite Accountant, your financial workflows become streamlined and automated. They minimize manual data entry and errors, leading to more efficient and accurate financial operations. This automation allows your team to concentrate on strategic initiatives rather than routine administrative tasks.

3. Instant Financial Insights

Accurate, real-time financial data is crucial for informed decision-making. NetSuite Accountants ensure that your financial information is up-to-date and easily accessible. They help configure dashboards and reports that provide instant insights into your financial health, enabling quicker and better-informed decisions.

4. Tailored Reporting and Analytics

NetSuite Accountants specialize in creating customized reports and analytics that meet your specific business requirements. Whether it’s detailed profit and loss statements, cash flow analysis, or budget tracking, they provide you with the precise information you need to understand and manage your financial performance.

5. Adaptable and Scalable Solutions

As your business grows, your financial systems need to adapt. NetSuite Accountants ensure that your NetSuite ERP implementation scales seamlessly with your business. They provide the flexibility needed to adjust processes and systems to accommodate new business requirements, ensuring that your financial operations remain robust and efficient.

6. Regulatory Compliance and Data Security

Maintaining compliance with financial regulations is critical. NetSuite Accountants are well-versed in the latest regulatory requirements and industry standards. They configure your NetSuite system to ensure compliance and implement strong security measures to protect your financial data.

7. Cost-Efficient Financial Management

By optimizing financial processes and reducing errors, NetSuite Accountants can lead to significant cost savings. Their expertise ensures efficient use of the NetSuite platform, potentially reducing the need for additional software or services and minimizing costly mistakes.

8. Ongoing Support and Training

NetSuite Accountants provide ongoing support and training to your team, ensuring they are proficient in using the system. This continuous guidance helps your staff become more self-sufficient, reducing dependency on external consultants and empowering your team to manage the platform effectively.

NetSuite Accounting Services of HundredMS

At HundredMS, we offer comprehensive NetSuite accounting services tailored to meet the unique needs of your business. Our team of expert NetSuite Accountants ensures that your financial operations are optimized for efficiency and accuracy. Here’s what you can expect from our services:

Customized NetSuite Implementation

We help you implement NetSuite in a way that aligns with your business processes. Our NetSuite Accountants customize the system to fit your specific needs, ensuring a smooth transition and optimal performance.

Ongoing Support and Maintenance

Our team provides continuous support to ensure your NetSuite system runs smoothly. We offer NetSuite Consulting services to keep your system updated and functioning efficiently.

Financial Reporting and Analytics

We design and implement custom reports that give you real-time insights into your financial performance. Our NetSuite Accountants ensure you have the data you need to make informed decisions.

Training and Development

We provide NetSuite training to your team, ensuring they are proficient in using NetSuite accounting software. Our NetSuite Consultants work closely with your staff, empowering them to manage the platform effectively and independently.

Scalability and Flexibility

Our NetSuite accounting services are designed to grow with your business. We ensure that your NetSuite ERP system remains adaptable and scalable, meeting your evolving business needs.

Compliance and Security

HundredMS ensures that your NetSuite system complies with all relevant financial regulations. We implement robust security measures to protect your sensitive financial data.

The Impact of NetSuite Accountants on Business Growth

Hiring a NetSuite Accountant can significantly impact your business growth. They bring a deep understanding of financial management and NetSuite accounting software, allowing you to focus on strategic growth initiatives. Their expertise helps you avoid common financial pitfalls, streamline operations, and ensure your financial data is always accurate and up-to-date.

Why Choose HundredMS for NetSuite Accounting?

Choosing the Right Partner is very important for your business’s success. HundredMS stands out because of our dedicated focus on NetSuite accounting services. Our team is not only skilled in financial management but also deeply knowledgeable about the NetSuite ERP system. This unique combination allows us to provide tailored solutions that meet the specific needs of your business. With our services, you can be confident that your financial operations are in expert hands, allowing you to focus on what you do best-growing your business.

Hiring a NetSuite Accountant from HundredMS can transform your financial operations. Our expertise in NetSuite cloud accounting ensures that your business remains competitive, efficient, and secure. Contact us today to learn more about our NetSuite accounting services and how we can help your business thrive.

Nare Khachatryan

Nare Khachatryan

Business Analyst at Hundred MS

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Narek Abgaryan
Narek is the CEO and co-founder of Hundred MS. With a dynamic career that spans investment firms, asset management, risk management, and corporate finance, Narek has demonstrated a profound ability to navigate and innovate within the financial sector. His work across various countries and in diverse financial domains reflects a global perspective and an adaptable, forward-thinking approach. He Brings a wealth of knowledge and experience from the worlds of finance and technology. As a distinguished graduate of the University of Oxford and Hult International Business School, Narek has earned a reputation for excellence in the financial domain. His credentials, including the esteemed CFA and FRM certifications, are a testament to his deep understanding and expertise.
CFA, FRM
Narek Abgaryan
CFA, FRM, Fund Manager & CEO
Narek is the CEO of Hundred CJSC. Before embarking upon this position, he accumulated 7+ years of multinational experience including the positions of CEO, Head of Research and Member of the Board at various licensed and regulated investment companies. Narek is a graduate of Hult International Business School, Armenian State University of Economics and is currently pursuing his education at Saïd Business School of the University of Oxford. Narek is a CFA charter holder and a certified FRM.
Our Mission
Our mission is to extend our partner-based, specialized and cost-effective cooperation to our clients to enable them to focus on their long-term strategy and leverage their core competencies around value-creating activities, thereby boosting Armenia’s economic development.
Our Vision
We have a deep conviction that the financial system is the pillar of our civilizations. Economies that are exploding with growth are the ones that adopted modern finance. We aim to reach a reality where access to unconventional finance technics should be within reach of every economic unit. This shall empower everyone to allocate their human and financial capital more purposefully and innovatively for the benefit of a secure, wealthy, and responsible society.
Objectives
In "Hundred" CJSC, we are structuring our goals to revolve around the best interests of our investors and business partners. The basis we build our strategy on is satisfaction of expectations of our Clients, by bringing substantial profits to them through ethical management of investments, assets and portfolios. In the path of achieving the set tasks, we target new financial products adapted to the Client’s needs and offer variety combinations of interdisciplinary innovations. Following our set of values, we see our short-term goal in becoming one of the leading players in the domestic market, pursuing the long-term ambitious goal of integration into regional and global financial markets.
Corporate Values
We believe that earning the trust of each Client cements the next layer of the foundation of the Company’s reputation. Financial relations are built on trust; thus, our reputation is the heart of our business. Our allocentric approach to dealing with clients ensures that we always put their interests first. We do our utmost to make sure that our decisions are utterly disconnected from the greed when it comes to rendering our services. Promulgating ethics and adhering to the highest professional standards are the bedrocks of our corporate values.
  • Are your financial records more puzzling than they should be?
  • Has the audit process become a recurring nightmare for your firm?
  • Do important financial decisions stall due to unclear or absent financial reports?
  • Are high operational costs without clear returns keeping you awake at night?
  • Is hiring and maintaining a full-fledged financial team putting a strain on your resources?
  • Are you in the dark about your company's true valuation and need clarity?
  • Is the challenge of cleaning up your accounting books holding your business back?
  • Are outdated systems causing inefficiencies, prompting the need for an ERP implementation?
  • Have you identified the need for a robust risk management strategy but don't know where to start?
  • Are you looking for a one-stop firm that can handle everything from corporate strategy to asset management?
Are You Ready to Transform Your Businesses’ Financial Landscape?
Are You Ready to Transform Your Businesses’ Financial Landscape?
  • Are your financial records more puzzling than they should be?
  • Has the audit process become a recurring nightmare for your firm?
  • Do important financial decisions stall due to unclear or absent financial reports?
  • Are high operational costs without clear returns keeping you awake at night?
  • Is hiring and maintaining a full-fledged financial team putting a strain on your resources?
  • Are you in the dark about your company's true valuation and need clarity?
  • Is the challenge of cleaning up your accounting books holding your business back?
  • Are outdated systems causing inefficiencies, prompting the need for an ERP implementation?
  • Have you identified the need for a robust risk management strategy but don't know where to start?
  • Are you looking for a one-stop firm that can handle everything from corporate strategy to asset management?
Levon Garibyan
Levon, the co-founder and Business Development Director of Hundred MS, brings over a decade of international experience to his role. His career spans managing private firms with diverse business profiles across the UK, UAE, and Russian Federation. Levon has not only excelled in steering these companies towards growth but has also specialized in business development strategy and fundraising. His expertise in these areas has significantly contributed to the expansion and success of these firms. Levon's academic background is equally impressive, having studied at Cranfield University School of Management and Moscow State University of International Affairs (MGIMO), where he honed his skills in business management and international affairs.
Levon Garibyan
Levon is the Business Development Director and Strategy Specialist of the company. He acquired international experience of more than 10 years, managing private firms with various business profiles in UK, UAE and Russian Federation. Levon studied in Cranfield University School of Management and Moscow State University of International Affairs (MGIMO).
Business Development, Strategy & Fundraising
David Tarkhanyan
David is the co-founder of Hundred MS and the CEO of Hundred MS GmbH. His track record in delivering innovative financial solutions and driving performance improvement initiatives showcases his ability to lead complex projects and navigate the intricate world of finance. David's breadth of experience has equipped him with the unique ability to understand and address the multifaceted challenges businesses face today. His exceptional qualifications, marked by the CFA and FRM certifications, reflect his deep commitment to financial mastery and strategic insight. David's career is characterized by a wide-ranging experience in investment banking, performance management, controlling, and reporting, among other critical financial domains.
David Tarkhanyan
David Tarkhanyan
David Tarkhanyan
Financial Controlling Investment Banking
David is the co-founder of Hundred MS. He is a Banking specialist with a focus on Financial Controlling, Planning, and Performance Management. His experience extends more than 10 years in various investment banks in Vienna and Frankfurt. David studied Physics at Bauman University and Industrial Engineering at the American University of Armenia.