NetClose, seamlessly integrated with Netsuite, simplifies our month-end processes with its user-friendly interface. Implementing it was hassle-free, we had great implementation consultant that went above and beyond to help us set it up and work out all the issues. This tool is a regular part of our month end routine. Netclose robust features, including balance sheet reconciliations and accruals management, enhance our efficiency. Noteworthy customer support and seamless integration round up a comprehensive solution for streamlined month-end excellence. Highly recommended. Review collected by and hosted on G2.com.
The subsidiary management functionality is not as robust as desired, and there are difficulties in effectively working with or restricting subsidiary data from appearing in reconciliations. This limitation can potentially affect the precision and ease of managing financial data, particularly when dealing with complex organizational structures involving multiple subsidiaries. Review collected by and hosted on G2.com.
28 out of 29 Total Reviews for NetClose by Netgain
Overall Review Sentiment for NetClose by Netgain
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I like how you can assign tasks and reconciliations to individuals on the accounting team and they receive them in their items to complete. Implementation was very easy and quick. We started using it immediately and had no problems at all. It is easy to learn, easy to teach to others, and has lots of features we are using: tasks (for close, year end and audit), reconciliations, flux analysis, and amortizations. This has been a huge help to streamline things for us as a team and a company. NetGain has been great in assisting with any additional questions and they are very knowledgable about the product. Review collected by and hosted on G2.com.
We have not run into any features in NetClose that we dislike. Review collected by and hosted on G2.com.
NetClose is super easy to use. Implementation ran smoothly and we were up in running on our targeting time (1-2 months). We easily implemented NetClose into our close process and house all of our reconcilitions with it.
I primarly use it as a user, but also an administrator.
As a user, I'm using it throughout the month to set up my month end checklist (40+ tasks) and track my monthly reconciliations. What I like best is the ease to drag and drop my reconciliation spreadsheets into NetClose. Then NetClose reconigses my account balances in my spreadsheet and cross references the Balance Sheet.
As an administrator, there isn't too much to do other than general upkeep (add new tasks, map new accounts). Most of the implementation took care of that. Monthly, generating tasks lists and reconciliations is as easy as clicking a button!
Lastly, if I get stumped, I can alway reach out to our account rep and get solutions. Definitely recommended! Review collected by and hosted on G2.com.
When we started using NetClose, it was new to the market (less than a year old). We had some bumps, but I feel they made great strides on the visibility. To be honest, not much to dislike about it now. Review collected by and hosted on G2.com.
Built on NetSuite and easy to use with smooth implementation. Netgain team works to solve issues and find solutions instead of others who just default to "that is not a feature that will work". Pricing is reasonable and project time is quick. Highly recommended. Review collected by and hosted on G2.com.
There is a learning curve, but that is more of a general netsuite learning curve. Review collected by and hosted on G2.com.
Our favorit feature of NetClose is definitely the task manager. Previously, we were using a manual checklist in Excel. We love being able to enter all of our monthly, quarterly, and annual tasks into NetClose, assign them to staff, and have it fully integrated into NetSuite. We can easily see everything that needs to be done and NetClose made it easy to reallocate tasks due to either workload or time off. We were able to cut down time off of our monthly close by shifting responsibilities using NetClose to optimize our staff's time.
The team at Netgain is also great. We were up and running in less than 2 weeks and there was no disruption in our day-day work. Support is always reaching out to make sure the product is working well for us and asking for feedback on future enhancements. Review collected by and hosted on G2.com.
We also use the reconciliation feature of NetClose, which we like.Our only compliant is that the reconciliation feature is solely at the account number position. It would be nice if the reconciliation feature could be drilled down to the department level. Hopefully that enhancement will come in the near future. Otherwise, we are very happy with NetClose. Review collected by and hosted on G2.com.
NetClose is a great tool for managing month-end. We have a US subsidiary and an India subsidiary. Being able to see the progress being made half way around the world is so helpful. I also have to say that the NetClose implementation team was easy to work with and very helpful is getting us set up properly. Review collected by and hosted on G2.com.
Because we have multiple subsidiaries, we have some general ledger accounts that are subsidiary specific. We have chosen to reconcile all active balance sheet accounts and the reconciliation feature lists all general ledger accounts for each subsidiary even if they are not used by a subsidiary, which makes the reconciliation list longer than it needs to be. It is not a big issue because when we run the auto-reconcile feature the unused accounts are automatically marked as done, but the first couple months that we used NetClose the reconciliation list felt a bit over-whelming. Review collected by and hosted on G2.com.
NetLease stands out as ERP-agnostic software that empowers accountants to efficiently handle in-house lease management tasks, including seamless modifications, scope reductions, ROU impairments, lease balance roll-forward, and waterfall reporting. Accountants are opting for NetLease due to its advanced technical functionalities, a knowledgeable implementation team, and user-friendly interface.
Customer support was really outstanding and they were available for support as well as communication druing the project implememtation was awesome.
Our Accouting team use this product everyday.It is embedded in Netsuite and easy to manage. Review collected by and hosted on G2.com.
Role managament needs to be improved in nest version. Review collected by and hosted on G2.com.
One of my favorite features of NetClose is the reconciliations feature. It makes it so simple to keep track of accounts and balances with a dynamic aspect that is so helpful during close. Review collected by and hosted on G2.com.
Understanding the set up / UI of making adjustments to close tasks and reconciliations can be difficult. Review collected by and hosted on G2.com.
User-Friendly Interface: The intuitive interface of NetClose makes it incredibly easy to navigate.
Robust Functionality: The range of features and functionalities provided by NetClose is extensive and well-designed. It caters to multistep processes, allowing for a tailored and effective user experience.
Reliability and Stability: I've experienced consistent reliability and stability with NetClose. It performs exceptionally well under various conditions, ensuring uninterrupted workflows.
Responsive Customer Support: Netgain's customer support team deserves commendation. They are prompt, knowledgeable, and go the extra mile to address any queries or concerns. Review collected by and hosted on G2.com.
The only downside we have encountered is altering tasks when a personel change occurs. The current process isnt too bothersome but I could see a benefit in a one for one mass replacement of personel to tasks. Review collected by and hosted on G2.com.
The ease and ability to see all of the tasks, what stage they are in, how long it is supposed to take, difficulty of task, instructions for task. It is a simplified tool that can be used inside of the software already being utilized for the tasks. Review collected by and hosted on G2.com.
Setting the tasks up is not something you can hop in without instruction and get done. However, with the help of customer support, it was very easy to implement. Review collected by and hosted on G2.com.
I like the fact that all the accrual reconciliation deatils are centeraly located and easy to complete. This makes it easy for managers to review and approve. The auto reconcil feature that can be set is a great feature to help save time. Review collected by and hosted on G2.com.
The training we were given for using the sytem was not as complete as I would have liked. Review collected by and hosted on G2.com.
