NetSuite Planning and Budgeting

Use NetSuite Planning and Budgeting to ensure your company’s success in forecasting financial solutions and budget.

Plan, Budget & Forecast

NetSuite Planning and Budgeting

Plan, Budget & Forecast

When it comes to planning, budgeting, and forecasting, spreadsheets fall short when it comes to collaborative planning, management of information, and scenario modelling. Whereas cloud-based planning and budgeting solutions is not just a win for the FP&A team, it delivers fast, long-term benefits to the entire business.

The NetSuite Planning and Budgeting module help finance teams create budgets and forecasts quickly and easily by automating labour-intensive processes and centralize financial and operational data. We allow finance teams to produce budgets and forecasts quickly and easily by creating what-if scenarios and produce reports within a single, collaborative and scalable solution. This enables finance teams the capability to control, collaborate, and gain visibility into their organisation’s financial and operational plans.

Features

Data Integration with NetSuite ERP

Flexible driver-based what-if modelling capabilities

Built-in financial intelligence and spreading logic

Commentary

Built-in commentary and annotation capabilities

Flexible workflow and plan management capabilities

Robust reporting and ad-hoc analysis with formatting and charting support

Value Proposition

Easily Manage Your Budget

NetSuite Planning and Budget allows for both departmental and company-wide budgeting. By incorporating revenue and expense forecasting capabilities, budgeting is enhanced. By integrating NetSuite into the budgeting process, financial and operational data can be used throughout, removing the need to transfer data manually. Using pre-built reports and templates speeds up the budgeting process and ensures success.

Improve The Efficiency Of Capex Planning

The NetSuite CapEx planning solution helps businesses and financial institutions to manage capital expenditures, plan them, and analyse the financial impact on expenditures. A capital expense model can help decision-makers and managers communicate effectively during the request, justification, review, and approval process.

Plan Travel And Expenses More Easily

Through built-in intelligence and analytic power, NetSuite Planning and Budgeting Travel and Expense Planning help you build and maintain travel and expense plans in a friendly and structured way that aligns your business strategy with your implementation plan.

Indirect Expenses Are Automatically Allocated

This NetSuite Planning and Budgeting tool allows you to automate indirect expense allocations, giving you more insight into your planning process, understanding true profitability, and enabling a central hub to automate all allocation-based business processes.

Reduce The Complexity Of OpEx Planning

In addition, NetSuite Planning and Budgeting helps link operational assumptions to financial results with flexible driver-based planning and offers a hierarchical planning process that includes corporate financial planning and line-of-business planning.

Strategic Workforce Planning

NetSuite Planning and Budgeting automate workforce planning and related expenses. It aligns the needs and priorities of your organization with those of the workforce, ensuring organisational objectives are met. 

It helps you:

  • Improve collaboration between HR and Finance.
  • Plan your workforce with flexible models that align with how you run your business.
  • Drill down into what skills, competencies are needed for long-term organisational success.
  • Predict costs and effectiveness of organisational changes.
  • Get a complete view of your headcount across your entire organisation.

Integrate Financial Statements Planning

You can plan, budget, and forecast Revenue, Expenses, Balance Sheets, and Cash Flows more easily with NetSuite Planning and Budgeting.

Smart View Enables Dynamic Modelling, Analysis, And Bi-Directional Integration

The NetSuite Planning and Budgeting tool helps:

  • Quickly navigate plan versions and details in Excel.
  • Full ad-hoc and free form analysis capabilities.
  • Report creation in Excel, Word, and PowerPoint.
  • Data access from multi-dimensional sources.
  • Create unique data perspectives for users.
  • Dynamically refresh Office documents with a single click.
  • Support for highly formatted grids in Microsoft Excel.

Use Predictive Planning To Improve Forecast Accuracy

NetSuite Planning and Budgeting Predictive Planning allows users to improve their planning and forecasting estimates with a rigorous, prebuilt statistical model. Predictive Planning analyses historical data, identifies statistical models, creates a dashboard that offers predictions of future results, and lets users incorporate predicted values directly into their plan or forecast.

Reporting Capabilities That Empower Effective Decision-Making

Reports and analytics are included in NetSuite Planning and Budgeting for management, narrative, and regulatory reporting. With our drag-and-drop report builder, finance and business managers can easily generate powerful, web-based reports for their organization using a secure, collaborative, process-driven approach.

Benefits

Reduce planning and forecasting cycle times by making it simpler to collect inputs and assumptions

Gain greater control and visibility over your plans, budgets, and forecasts

Increase collaboration with business stakeholders and drive better decision-making

Drill across budget, forecast, and actuals to see the impact on business performance

Improve forecast accuracy with predictive planning, allowing users to run multiple scenarios on the fly for management meetings

World’s Leading Financial Planning Solution

For organizations to make better decisions, they need their planning, budgeting and forecasting processes to be collaborative and less resource intensive. Integrating plans, budgets and forecasts across individual functions and business units creates close links between strategy and operations, enabling better and faster decisions to be made.

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