SuiteApp Spotlight: Solution 7 – Excel Financial Reporting & Planning

Financial reporting and planning are rarely one size fits all. Every client is unique with a variety of personal goals and challenges to overcome and achieve. Due to this, organizations often invest in multiple third-party software tools to visualize their data and create flexible financial statements. Here at Sikich, we often see CFOs and their teams working long hours fighting difficult-to-learn, inflexible financial reporting tools, complex Business Intelligence solutions, or costly FP&A solutions when all they want to do is fire up a copy of good old Microsoft Excel.

Our answer to this dilemma? Solution 7.

About Solution 7

NetSuite Partner of the Year 2018, Solution 7 is a Financial Reporting and Planning plugin for NetSuite. Built by accountants for accountants, Solution 7 automatically integrates with Microsoft Excel. Thankfully, there is no new, unfamiliar interface to learn, no costly data warehouse to build, and no complex data integration processes to code or maintain. Solution 7 simply leverages your existing NetSuite skills and your well-trodden Excel skills. It connects Excel directly to NetSuite and will have you cutting your first report in under 30 minutes. Better yet, they offer a free trial too.

NetSuite partner of the year 2018

Want to perform advanced Account aggregation or variance reporting with multi-dimensional analysis? No problem! As an Excel add-on, everything you can do in Excel, you can do in Solution 7, which makes report building feel just like home.

As simple as it is powerful, Solution 7’s advanced features include an Automation process that allows users to bulk generate and distribute reports across every Subsidiary, Location, and Department from a single Excel template. Reports can be distributed in XLS or PDF format to both licensed Solution 7 users for real-time refresh and to non-licensed Solution 7 users for viewing (no end-user licenses needed!).

Solution 7 excel financial reportingNeed to revise the forecast due to an unforeseen global pandemic quickly? With Solution 7, anyone with basic Excel skills can build a new financial model, distribute the model around their organisation and, with a single click, push a revised forecast back into NetSuite. 

Too Good to be True – the 5-Star Reviews on speak for themselves

“A MUST HAVE for NetSuite accounting users. A financial miracle!”

“Been using Solution 7 for several years and this product has been a game changing tool for our accounting department. Solution 7 allows us to use multiple budget formats and create templates for management reporting that suits many needs.  We can now create/edit reports in real time with confidence that our numbers are accurate, and multiple users are all in sync with the most up to date information across our departments.”

“We heavily rely on  Solution 7 to pull what we need from NetSuite and combine it with the data needed from existing/legacy systems. Solution 7 provides users, particularly new users, to have a seamless approach to the migration process and extracting data needed to keep the business flowing.”

Have any questions about Solution 7 and how it integrates Excel financial reporting and planning into NetSuite? Please contact us at any time!

This publication contains general information only and Sikich is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or any other professional advice or services. This publication is not a substitute for such professional advice or services, nor should you use it as a basis for any decision, action or omission that may affect you or your business. Before making any decision, taking any action or omitting an action that may affect you or your business, you should consult a qualified professional advisor. In addition, this publication may contain certain content generated by an artificial intelligence (AI) language model. You acknowledge that Sikich shall not be responsible for any loss sustained by you or any person who relies on this publication.

About the Author