IEEE needs to be diligent regarding its compliance with current federal, state, and local financial regulations.
As a result, IEEE Finance has selected NetSuite, a cloud-based web application, to ensure that processes are streamlined and that audit requirements are met across the IEEE Enterprise (MGA, Standards & Conferences)
NetSuite can be accessed at any time from anywhere in the world with an Internet connection. This provides organizers with greater flexibility and choice in how, when, and where they log transactions and assess the financial status of their event. It also provides multi-currency and language support to simplify use, regardless of where a conference is held.
Real-time reports on financial activity are available throughout the life of the conference, providing increased financial analysis and control. Historical data for annual conferences will help organizers and financial sponsors to plan and manage conference budgets.
With all transactions in a single report, conference closing and audits can be completed in a greatly accelerated manner.
NetSuite is used to record all your financial transactions; however, NetSuite is not currently an online banking tool. Organizers can utilize NetSuite for documenting conference finance activities, including:
Conferences should continue with the current ICX process for budgeting and forecasting. The IEEE MCE Conference Operations team will migrate ICX budget information and subsequent updates into NetSuite on behalf of conferences.
You will be able to run the following reports in NetSuite:
The IEEE MCE Business Operations team will set up a unique NetSuite account for your conference and will assist you with any questions you may have.
Webinars will be held periodically to review the major features and functions.
There are currently no webinar sessions scheduled.
IEEE is ready to help.
If you have questions about reporting conference finances with NetSuite, please contact your designated financial analyst or Conference Business Operations at +1 732 562 3878.
If you have other questions about organizing a conference, please contact the IEEE Meetings, Conferences and Events Customer Relationship (CRM) team.
Do you have feedback on the information on this page?
Please send your feedback to the Customer Relationship Management team.