NetSuite has announced a new set of enterprise resource planning features for financial data to enhance regulatory compliance.

The online business integration and solution provider introduced revenue recognition, allocations, advanced budgeting and multi-currency capabilities to its ERP. Among the new features: Users can allocate costs by GL account, class, department or location, and they can choose to weight by dollar or percentage, and can set up a recurring allocation schedule. In response to an increasing number of customers trading overseas, NetSuite now supports multi-currency bank accounts and expense reporting capabilities.

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