Hi folks. New here so go easy 😀 If a group has a number of entities using other accounting systems to close their books, what is the best method to import finalised TBs into NS and have eliminations & revaluations performed in NS such that an IFRS Consolidated group Bal Sheet and P&L can be generated by Netsuite? Someone said Boomi can be used as middleware but i fear that might be overkill based on my little knowledge of a Tier 1 iPaaS tool like Boomi Suggestions please

@Jack Wootton I recommend a way more simple approach than Boomi. Ultimately, the right answer is migrating to NetSuite as a single consolidated platform and phasing out the legacy systems if you’re consolidating results in this way, so Boomi would be a heavy lift for a temporary fix (in my opinion). An iPaaS solution that would work and not be a wasted effort given fast time to value would be Celigo. But I actually think CloudExtend (a celigo product) may serve you well as an option. Can share more on either option and connect you with a partner if it makes sense. Depending on your IFRS vs GAAP requirements, as well as Functional currency determination under ASC 830, I may have more options to consider.

Thank you Sara, I join the group of companies in March so will learn more about the different accouting systems they are using globally