Telecom G/L data transfers are automated by IDI's new NetSuite SuiteApp, which reduces manual labor and improves financial accuracy.

A prominent supplier of cloud-based billing, automation, and workflow solutions for the communications sector, IDI Billing Solutions has declared that its IDI Billing Solutions for NetSuite SuiteApp is now "Built for NetSuite." By automatically transferring general ledger (G/L) summary data from IDI's platform into NetSuite as journal entries, the new SuiteApp—which was developed using the Oracle NetSuite SuiteCloud Platform—assists communications providers in further streamlining their financial processes.

Ron Whaley, Chief Revenue Officer of IDI Billing Solution, claims that financial reconciliation plays a significant role in the company's ability to help its clients understand the intricacies of telecom billing. Telecom companies may help balance the books more quickly by centralizing financial and operational data and further reducing manual processes with this new SuiteApp.

To help automate the transfer of monthly G/L summary data from IDI's B/OSS platform into NetSuite, the IDI Billing Solutions for NetSuite SuiteApp uses secure APIs to create journal entries that match each customer's unique chart of accounts. Telecom companies may increase the accuracy of financial reporting, lower the possibility of human mistakes, and free up their finance staff to engage in higher-value tasks by doing away with manual data imports.

Vice President of Partnerships & Business Development at Oracle, Scott Derksen, said that telecom companies have complicated financial issues, and manual integrations and data silos can lead to inefficiencies. In addition to helping NetSuite clients in the telecom sector combine data in their unified suite to attain more company visibility, this new SuiteApp expands their powerful financial management solution.

Built for NetSuite is an initiative for NetSuite SuiteCloud Developer Network (SDN) partners that provide the information, resources, and procedures required to help partners verify that their apps and integrations follow NetSuite best practices and standards. The goal of the Built for NetSuite initiative is to reassure NetSuite users that SuiteApps, such as IDI Billing Solutions for NetSuite, have been developed by following these guidelines.