Getting a clear picture of business performance shouldn’t depend on spreadsheets, manual reconciliations, or reports pulled from multiple systems, but that is how many financial services firms still operate.
When someone asks how a fund, portfolio, or entity is performing, you need an answer you can trust. That gets difficult when the numbers are spread across accounting platforms, spreadsheets, entity-level reports, and other systems. Interest rate swings and margin compression are already putting pressure on the business, leaving little room for delays in getting a straight answer.
Your team may have all the information it needs, but bringing that information together requires too much manual work. NetSuite gives financial services firms a shared platform for managing financial and operational data, helping you improve reporting and see what is happening across the firm.
A NetSuite Partner, Trusted by Financial Services Firms Like Yours
Bringing Financial and Entity Data Together
Financial services firms may operate across several legal entities, business units, departments, or service lines. You need to understand how each part of the organization is performing while maintaining a reliable view of the business.
With NetSuite, your team can manage financial data, consolidations, intercompany activity, and reporting in the same environment. That connection makes it easier to review entity-level results and prepare consolidated reports without rebuilding them through spreadsheets.
Leadership also gets a clearer picture of how different areas of the business contribute to overall performance. Your team will spend less time determining which report is current and more time on the decisions behind the numbers.
Custom IP Solutions for Financial Services
Regulatory complexity and multi-entity structures create unique financial services processes that a standard NetSuite configuration doesn’t account for. Caravel has built custom IP solutions to close that gap, so those processes run inside NetSuite instead of around it.
Fund Expense Allocation
Allocating fund-level expenses from investment workpapers by hand is slow and prone to error. This solution automates that distribution and reimbursement tracking, so fund accounting stays accurate without hours of manual entry.
Period Close Checklist
Determining when restricted funds can be released means checking expenses against funder obligations one at a time. This solution evaluates those obligations automatically, flagging exactly when funds are cleared to release.
Non-Controlling Interest
Entity structures with multiple external partners holding equity make NCI postings difficult to track manually. This solution automates those postings, so ownership splits stay accurate across every entity.
Shared Vendor Bills
Splitting a single vendor bill across multiple subsidiaries usually means building intercompany entries by hand. This solution allocates the cost automatically and creates the appropriate intercompany journal entries.
Clearer Financial Answers, Powered by NetSuite and Caravel
A standard NetSuite implementation isn’t built for a firm managing multiple entities, funds, or regulatory obligations at once. Caravel configures it around those specifics: multi-entity consolidation through OneWorld, compliance workflows built for AML/KYC requirements, and dimensional reporting through SuiteAnalytics Workbook that your team can adjust without pulling in a developer.
Our configuration work has translated into faster month end closes, fewer manual consolidation touchpoints, and portfolio and finance teams spending less time reconciling and more time on the work that actually moves the business.
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