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Netgain for Audit-Ready Finance Managers

Automate ASC 842 compliance and month-end closes through AI-driven lease abstraction and subledger reconciliation.

Deep Context

Netgain is an enterprise-grade accounting automation suite, featuring NetLease and NetClose, designed to handle complex lease accounting and financial close processes within ERP ecosystems.

Executive Summary

It centralizes lease management, automates journal entries, and uses OCR-based AI to extract contract data, ensuring 100% compliance with ASC 842, IFRS 16, and GASB 87.

Perfect For

  • Corporate Controllers managing high lease volumes
  • Finance Managers requiring audit-ready ASC 842 disclosures
  • NetSuite-based accounting teams seeking native integrations
  • External auditors verifying lease liability accuracy

Not Recommended For

  • Small businesses with fewer than 5 leases
  • Non-ERP users relying solely on manual spreadsheets
  • Companies not subject to GAAP or IFRS reporting standards

The AI Differentiation:
AI Lease Abstraction Engine

This proprietary OCR engine analyzes unstructured PDF lease contracts to automatically identify and extract commencement dates, base rent escalations, and renewal options. By converting legalese into structured financial data, it eliminates manual entry errors that typically trigger audit flags during ASC 842 transition and maintenance.

Verdict: The 'aha' moment occurs when a 50-page complex lease agreement is converted into a full amortization schedule in seconds, complete with a digital audit trail back to the source text.

Enterprise-Grade Features

Automated Amortization Schedules

Generates precise ROU asset and lease liability schedules instantly upon contract abstraction.

Audit-Ready Disclosure Reporting

One-click generation of quantitative disclosure notes required for annual financial statements.

Native ERP Integration

Operates directly within NetSuite, ensuring the subledger always matches the general ledger.

NetClose Task Management

Provides a centralized checklist and workflow for month-end close acceleration and accountability.

Automated Journal Entries

Post lease-related depreciation, interest, and payment entries without manual intervention.

Pricing & Logistics

ModelEnterprise SaaS
Starting AtContact for custom quote (Volume-based)
Billing CycleAnnual

Professional Integrity

Core Strengths

  • Eliminates spreadsheet version control issues
  • Superior OCR accuracy for complex lease clauses
  • Seamless 'Built for NetSuite' native experience

Known Constraints

  • Premium pricing compared to standalone tools
  • Implementation requires significant initial data mapping

Industry Alternatives

LeaseQuery

Strong standalone reporting for companies not using NetSuite.

Visual Lease

Extensive real estate and facilities management modules.

BlackLine

Broader financial close automation beyond lease-specific accounting.

Expert Verdict

Essential for NetSuite users managing 20+ leases who need to guarantee audit compliance.

Best For: Finance Managers at mid-market to enterprise companies under strict regulatory oversight.