SUPERCHARGE YOUR BUDGETING SEASON PREP

NetSuite Planning and Budgeting

What is NetSuite Planning and Budgeting?

NetSuite Planning and Budgeting streamlines the traditionally time-consuming planning and budgeting processes, empowering finance teams to efficiently create budgets, forecasts, and reports in a collaborative, scalable environment. With built-in AI and machine learning, it automates data analysis, enhancing the speed and accuracy of planning and forecasting. The solution also generates AI-driven commentary and detailed narratives, freeing finance teams from manual data tasks like collection and reporting. This allows them to shift their focus to high-value strategic analysis that drives impactful financial decisions.

Control

Data synchronization with NetSuite ERP ensures automated, ongoing access to up-to-date financial and operational data. Reduced reliance on manual data input and reconciliations means better control.

Collaboration

All stakeholders are connected in a single environment, streamlining data collection. Accessibility boosts participation and accountability, making it easier for finance to get meaningful input and engagement from operational managers.

Native Business Intelligence

Real-time analytics is the NetSuite user interface. Users know what they should be doing and how they’re helping the business, with vital business data displayed from right within the system.

Budgeting and Forecasting

Automate tedious companywide and departmental budgeting processes. Prebuilt workflows that leverage best practices make it easy to closely track the progress of tasks, such as reviews and approvals. Budget templates are dynamically populated and updated from NetSuite’s general ledger and accommodate changes to accounting segments. Create real-time forecasts in minutes — based on actual data from NetSuite financials — to make more informed decisions and drive your business forward.

Scenario Planning and Modeling

Perform scenario modeling and multidimensional planning with any number of dimensions, such as location, product, customer or expense. Easily model complex calculations including projected revenue, operating and capital expenditures, headcount costs, cash flow and sales without the risk of formula errors posed by regular updates or monthly maintenance.

AI-Powered Predictive Planning

Leveraging embedded artificial intelligence (AI), Intelligent Performance Management automates data analysis to improve and accelerate decision making. Prediction algorithms continually monitor and analyze plans, forecasts, and variances to uncover and highlight any trends, anomalies, biases—as well as hidden correlations—allowing large amounts of data to be quickly analyzed. Finance can take faster actions on these insights, have better data to plan and significantly reduce the time spent on analysis. Predictive forecast explanations provide a quick and easy way to understand the key factors behind AI-generated forecasts.

Revenue Planning

Align revenue forecasts and sales plans with corporate objectives. Create driver-based revenue and sales forecasts for all business units in collaboration with finance, sales and service teams. Then, continuously monitor actual performance against objectives and track the resulting impact on cash flows and balance sheets.

Operational Expense

Enable flexible driver-based planning to connect your operational assumptions to financial outcomes. Support a hierarchical planning process that encompasses both corporate finance and lines of business.

Workforce Planning

Simplify workforce planning and related efforts, such as headcount, salary and compensation planning, by aligning the needs and priorities of your organization with those of the workforce to ensure organizational objectives are met.

Trended Financial Statements

Fully integrated financial statements mean the income, balance sheet and cash flow statements are connected with logic derived from Generally Accepted Accounting Principles (GAAP). These financial statements provide seamless actual-to-budget trending and this integration is flexible enough to accommodate industry-specific configuration requirements. Both direct and indirect cash flow methods are supported.

Data Synchronization

Prebuilt data synchronization with NetSuite ERP ensures data accuracy and accessibility. Up-to-date financial and operational data, account structures and dimensions are automatically reflected in your plans, budgets and forecasts.

Dashboards

Easily create in minutes dashboards that display budget and actuals data. NetSuite’s drag-and-drop report builder puts powerful, yet easy-to-use, web-based reporting into the hands of finance and business managers. The system’s secure, collaborative, process-driven approach makes defining, authoring, reviewing and publishing financial and management reports an effortless process, while drill-through capabilities let the finance team and business managers dig deep into numbers and better understand areas like budget vs. actual variances.

Microsoft Office Integration

Smart View for Office enables the integration of NetSuite Planning and Budgeting with Microsoft Office tools, such as Outlook, Excel, Word and PowerPoint. Users can add what-if analyses in Excel for customers, items or expenses categories on the fly and create data grids incorporating Excel formulas and formats. Common planning actions, such as spreading and allocation, are available for data grids rendered within Excel.

Key Benefits

Reduced Planning Cycle Times

Templates and workflows make it easy to gather inputs and assumptions.

Increased Transparency

Everyone is entering data consistently and using the same processes, so all changes are tracked.

Accurate Information

Pre-built synchronization with NetSuite ERP ensures real-time, accurate financial and operational data is used.

Improved Forecast Accuracy

Regularly compare and analyze actual versus projected results to refine forecasts.

Align the Organization.

All stakeholders are connected in a single environment, eliminating emails and spreadsheets.

Faster Time to Value

NetSuite leverages over two decades of experience and thousands of global deployments to offer a proven set of best practices that ensure a clear path to success and fast business value. Our approach ensures that your NetSuite implementation is delivered within a predictable timeframe. With intelligent, phased implementations that cover the entire customer journey—from sales to services to ongoing support—you benefit from seamless continuity at every stage.

“NetSuite Planning and Budgeting helped us close our books 20% faster, giving us the flexibility to make faster, smarter business decisions. You’re wasting your time if you’re not implementing NetSuite Planning and Budgeting.”

NetSuite Planning & Budgeting User

DOWNLOAD DATASHEET