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Financial reporting drives strategic decision-making and growth, helping businesses identify opportunities to increase revenue and optimize spend while keeping investors and stakeholders informed. Beyond fueling growth, it also supports regulatory compliance and risk management, ensuring the organization operates responsibly and transparently.
But it’s also a heavy lift, which is spread across siloed systems, manual processes and countless variables that are constantly in motion.
Administrative overload, such as finding and double-checking data and formatting documents, keeps finance and legal teams heads down in the details rather than scanning the horizon as strategic advisors. Errors have a greater chance of creeping in — imagine this disastrous possibility in a public meeting or a time-sensitive M&A discussion. Even more damaging: leaders across the organization lack the real-time, actionable insights they need to make smart decisions about what’s next.
But achieving this isn’t easy. Traditional reporting often struggles under the weight of siloed systems, manual processes and constantly changing variables. The result?
The takeaway is clear: organizations need a tool that brings it all together and turns fragmented financial data into cohesive insights that drive confident leadership decisions, simplify executive and board-level reporting and fuel growth.
Adam Ginsberg, Chief Financial Officer at Diligent, and his team are a critical go-to when Diligent’s leaders need dependable cross-department intelligence for their financial and human capital decisions. But delivering this data in a timely, digestible fashion was an ongoing challenge across Diligent’s multiple business lines, departments, databases, systems and global offices.
With the Diligent One Platform, Ginsberg saw inputs of real-time data automatically populate into ready-made templates — templates he knew that reflected GRC best practices and previous reports. He also saw the potential of automation to eliminate countless manual steps in the reporting process.
Then he put the platform to work in his own operations. The result: an automated, consistent reporting process for financial performance that saves up to 12 hours each month.
“I don’t have to repull the data every single time,” Ginsberg says about financial reporting via the Diligent One Platform. “We can focus more on the analysis and the explanation of what happened.”
The NetSuite integration pleases Ginsberg even more.
With the new integration, an organization’s financial data — along with operational metrics from NetSuite — now surface directly into Diligent Boards. This gives leaders and the board an up-to-date, consistent view of important metrics — liquidity and cash flow, in Ginsberg’s case.
In addition, the automated, integrated dashboards further reduced the administrative burden for the accounting team, which had found themselves in a reactive cycle of reporting.
“We would get ad hoc questions from leadership and investors, and then we would scramble trying to figure out how to answer them,” Ginsberg recalls.
During board gatherings and between meetings, Diligent’s leaders now get the information they need faster. The accounting team, now freed up from hours of manual administrative tasks, is better able to provide proactive guidance for critical business decisions.
Ginsberg cites days sales outstanding (DSO), an indicator of cash flow, as one example. “Being able to manage and track DSO allowed us to measure the success of our policy changes and operating plans and ensure we hit our goals,” he says.
With the growing exchange of sensitive information, data protection remains a core concern for every organization. For Ginsberg at Diligent, securing sales and cash flow details is essential to prevent leaks or compromises. For other teams, confidential conversations may include topics like supply chain challenges, entity valuations or optimizing resources.
The Diligent-NetSuite integration helps safeguard financial reporting and related workflows, bringing these activities onto a unified and secure platform. By centralizing collaboration and reducing dependence on risky email attachments or manual document transfers, users experience more reliable access controls and improved version management.
Administrators can oversee document and platform permissions through a central console, enhancing oversight and compliance while supporting strong information security practices.
Picture yourself in Ginsberg’s shoes, with Diligent Financial Reporting powered by NetSuite, delivering your organization these same capabilities: more actionable, dependable relevant reports in less time for internal decisions and external transparency.
Now imagine the results: smarter business decisions backed by reliable data. Faster, easier board reporting and deal due diligence. More time to focus on actioning the growth levers hidden in your financial data.
They’re exactly the capabilities your team needs amid today’s tight budgets and transparency demands. As Ginsberg’s experience shows, the right tools can help financial leaders move from validating data to advising on direction, giving organizations greater clarity, oversight and strategic performance.
What’s more, these tools work for a range of entities (especially private, investor-backed and PE-owned firms), as well as companies preparing for an IPO. They also scale for growing multinational enterprises, SMEs across sectors and mission-driven organizations like school boards, city councils and nonprofits.
If financial reporting is integral to your operations, the Diligent/NetSuite integration is ready to make this essential work easier—and more effective.
Learn more about how your organization can reduce risk, improve efficiency and give your leaders more visibility for business decisions.
