Financial Challenges for CPG Companies & How NetSuite Solutions Help

For consumer-packaged goods (CPG) companies, speed is essential. Product demand changes overnight, partnerships rely on precision for success, and financial leaders are expected to navigate thin margins, seasonal shifts, and supply chain complexities – and do so without missing a single step.

NetSuite solutions have emerged as a trusted source for CPG companies looking to grow more efficiently. They provide the real-time visibility and smarter inventory control that today’s finance teams need to bring order to chaos.

As finance and accounting experts who understand the CPG space both inside and out, we’ve outlined some of the top financial challenges CPG companies face today – and how NetSuite, when implemented alongside a trusted partner, helps solve them.

Important things to know about NetSuite solutions for CPG companies:

• Common financial issues for CPG companies
• How NetSuite solutions help CPG companies streamline and scale
• Why implementing NetSuite with a trusted partner is essential

Common Financial Issues for CPG Companies

For CPG companies, the pressure to grow is continuous – but the path to profitability is anything but straightforward. Below are some of the most common financial hurdles today’s CPG companies face:

• Disconnected data systems, as finance, operations, and inventory often live in silos.
• Limited SKU-level visibility. Margins typically vary by product, region, or channel – but the data isn’t always centralized.
• Manual month-end closes that soak up much-needed time and resources due to Excel spreadsheets and manual entry.
• Demand forecasting issues that result in overstocking or lost sales.
• Growing pains, as these inefficient systems and processes often can’t keep up with the pace of scale.

How NetSuite Solutions Help CPG Companies Streamline and Scale

• Providing real-time visibility
• Providing SKU-level tracking and margin analysis
• Driving faster, cleaner close cycles
• Establishing better demand forecasting
• Empowers ability to scale
• Providing training and adoption tools for long-term ROI

When NetSuite is properly configured to support the unique pace and pressures of CPG companies, it becomes more than just an ERP – it acts as a financial command center that provides teams with the visibility and control they need to drive reliable growth.

NetSuite solutions provide real-time visibility for CPG companies

NetSuite integrates data across finance, sales, and inventory, giving CFOs and controllers a single source of truth. You can manage financials by SKU, customer, region, or sales channel without waiting on a spreadsheet refresh.

NetSuite solutions provide SKU-level tracking and margin analysis for CPG companies

Understanding the most profitable products is essential. NetSuite tracks true cost of goods sold (COGS) across SKUs, factoring in landed costs, and more – so you can price smart and pivot fast.

NetSuite solutions drive faster, cleaner close cycles for CPG companies

Month-end close shouldn’t feel like a scramble. With automated reconciliations, customizable workflows, and real-time reporting, NetSuite helps CPG companies reduce close timelines and eliminate errors that commonly stem from manual data entry.

NetSuite solutions establish better demand forecasting for CPG companies

With the right historical data, NetSuite can help finance and operations leaders predict future demand by product line, season, or customer segment. No crystal ball needed – just clean data and consistent reporting.

NetSuite solutions are built to scale with CPG companies

Whether you’re launching new SKUs or entering big-box retail channels, NetSuite grows alongside you. Add entities, expand into new geographies, and support larger volumes without swapping systems.

NetSuite solutions provide CPG companies with training and adoption tools for long-term ROI

The best systems only work if your teams use them. NetSuite includes training tools and user roles that keep everyone aligned and confident – from the warehouse to the finance team.

Why Implementing NetSuite with a Trusted Partner is Essential

Software alone might not solve problems, but a successful implementation makes all the difference. When NetSuite is implemented alongside consultants who understand the nuances of CPG operations – like inventory turnover, retailer compliance, and SKU profitability – the system can be configured so it fits like a glove.

Benefits of turning to NetSuite implementation consultants:

• Tailored workflows. Every CPG business is different and needs customized workflows in order to see success.
• Integrated tech stack. Consultants help sync NetSuite with your 3PLs, retail portals, or e-commerce platforms.
• Change management. Consultants will be sure to provide the proper training, documentation, and internal buy-in to ensure implementation success at every level.
• Fewer surprises. An experienced partner knows what pitfalls to avoid – and how to future-proof your setup.

Final Thoughts on Top Financial Challenges for CPG Companies & How NetSuite Solutions Help

Finance leaders in CPG companies need solutions that work, designed by people who understand their world.

That’s where Bridgepoint Consulting comes in. Our team of NetSuite finance and accounting experts blends deep finance expertise with hands-on system know-how. We help CPG companies build the reporting, processes, and automation they need to move faster and make smarter decisions.