NetSuite Segregation of Duties

NetSuite Segregation of Duties 2017-08-23T04:00:47+00:00
I’m very pleased (and so is the team) with the NetSuite Ninjas – very professional and knowledgeable, has definitely gone the extra mile to make sure we stay on time (worked the whole weekend couple weeks ago), and is just a joy to work with. Glad we chose to work with A2Q2 on the NetSuite Advanced Revenue Management project. The project is going well – the work product couldn’t have been better.
Matt Schmuecker, Controller

“I hired Kim Le and A2Q2 while I was CFO of CNET Networks and again when I accepted the position of CFO at Turnitin. Kim is an exceptional leader who develops very strong teams. She drives results with great integrity. The scope of work she accomplished for me was quite broad — ranging from Sarbanes-Oxley compliance to NetSuite Financial systems implementation and integration with SalesForce.com. She and her team also helped me to integrate an acquisition, establish a UK subsidiary and transition auditors. I can’t say enough about how effective she is. Wherever I go next, I will hire Kim.”

George Mazzotta, Former CFO

When it comes to NetSuite support and complex issues, I only trust working with A2Q2. From the start, they helped us consolidate our different chart of accounts from multiple entities and designed our business processes to optimize for Netsuite. We benefited from the onsite user training tailored to our needs and onsite support as we were going live. They drove the project management aspects by clearly communicating the timeline and process and kept our team on schedule. A2Q2 also brought NetSuite accounting and functional expertise to the table. Overall, we enjoyed working with their team throughout the process.

Pete Gregovich, CFO

Are you ready for some NetSuite Ninja action?   

Strong segregation of duties (SOD) is one of the pillars to a solid foundation in any accounting department. It is about complying with SOX requirements for internal controls and about lowering risks of financial statement errors and fraud. If you have several staff in a department that handles multiple critical tasks in the accounting process, then your checks and balance is not in place. Having one signature requirement to release a check is just one of the many risks that segregation of duties will address.

With our SoxRox tool, we help you complete a segregation of duties analysis of NetSuite user roles and permissions. The assessment quickly pinpoints the roles and users with conflicts. From there, we can identify, simplify, redefine, or reduce the number of custom NetSuite roles so they become easier to manage operationally. For certain conflicts where it is not practical to segregate duties, we will identify or suggest manual controls to limit the risks.

By using you get the following:

  • A report on the total count of conflicts

  • Detailed report on specific users where SOD conflicts reside

  • Detailed report on NetSuite roles and permissions creating the conflicts

You can use these reports to:

  • Present issues to stakeholders & auditors

  • Reassign activities to remove the conflict

  • Redesign NetSuite roles and permissions

Through the SoxRox tool, you get a Segregation of Duties analysis that helps you identify and resolve conflicts. Whether your company is multinational or a growing enterprise, this tool helps improve internal control and staffing decisions.

“SoxRox got rid of my headaches when we were setting up new user roles and permissions during our NetSuite implementation. A2Q2 is really knowledgeable about internal controls and NetSuite. They suggested automated workflows and notifications in NetSuite and helped me implement them. Best of all, no software or server to buy. ”

– High-Tech Controller