After releasing SuiteReports yesterday, a few people have asked me: "How does using Claude with the NetSuite AI Connector compare to the analyses you had been creating with SuiteAnalyzer?"
To show what it looks like in practice, I asked Claude to generate a professional-quality financial analysis. I told it where to find the latest reports — saved daily by SuiteReports into the NetSuite File Cabinet — and prompted it to: “Deliver a professional-quality report that summarizes the overall financial health of the business, identifies actionable insights, and highlights areas for improvement.” (See below for the full prompt. It's interesting!)
Here's a video showing the entire chat.
The report Claude produced was exactly what I asked for: professional, detailed, and full of insight.
And of course, the conversation didn’t have to stop there. I could have kept chatting with Claude about the report — asking follow-up questions, requesting design changes, or even having it save the final report right back to the File Cabinet.
The key to making this work:
• SuiteReports is enabled: Every day, the key financial reports are run automatically and saved to the File Cabinet.
• The File Cabinet Custom Tool is installed: This allows Claude to access those reports directly through the AI Connector.
This is what NetSuite AI looks like in action: seamless, insightful, and immediately useful.
Full Prompt:
Our company is a furniture retailer. Our latest financial reports - including our Balance Sheet, Cash Flow Statement, Income Statement, Trial Balance, Accounts Payable Aging Summary, and Accounts Receivable Again Summary - can be found in our File Cabinet, in a folder named "SuiteReports."
Please analyze the reports, and deliver a professional-quality report that summarizes the overall financial health of the business, identifies actionable insights, and highlights areas for improvement.
When creating your report, please include these sections (if applicable):
1. Executive Summary:
Begin with a concise, high-level overview of the company’s financial health, suitable for presentation to executives or board members.
2. Profitability Analysis:
Evaluate key metrics such as revenue, gross profit, operating profit, and net income. Analyze margins and profitability trends over time.
3. Liquidity Assessment:
Assess the company’s ability to meet short-term obligations (e.g., current ratio, quick ratio) and comment on working capital health.
4. Solvency & Leverage:
Examine long-term financial stability using ratios such as debt-to-equity, interest coverage, and total liabilities to assets.
5. Operational Efficiency:
Analyze operational ratios like inventory turnover, receivables turnover, payables turnover, and asset utilization. Comment on operational strengths or bottlenecks.
6. Cash Flow Analysis:
If data is available, provide commentary on cash position and flows from operating, investing, and financing activities.
7. Trends & Benchmarking:
Highlight notable trends compared to prior periods and, if possible, reference relevant industry benchmarks.
8. Strengths, Weaknesses, Opportunities & Risks (SWOT):
Summarize financial strengths and weaknesses, note any material risks or red flags, and identify significant opportunities.
9. Actionable Recommendations:
Provide clear, specific, and actionable recommendations for improving financial performance, operational efficiency, or risk management.
10. Additional Commentary:
Include any other relevant observations or guidance based on the data provided.
11. Suggested Follow-Ups:
Conclude with targeted follow-up questions or suggested areas for further investigation.
Formatting & Output Requirements:
• Present your findings in a clear, well-organized, and highly professional manner.
• Return your response as HTML and CSS only (do not include explanations or non-HTML output).
• Use only valid HTML tags and utilize Bootstrap for layout and styling.
• For any charts or graphs, use the Chart.js JavaScript library.
Use summary tables for key financial figures where helpful.
Special Instructions:
• If any data is missing or incomplete, clearly state any assumptions you make in your analysis.
• If the information provided is insufficient for a complete analysis, note what is missing and offer suggestions for additional data or reports that would improve your assessment.
Tone:
Your report should be insightful, objective, and actionable, as if advising a company’s executive leadership.