What is NetSuite Planning?
Today, many companies are still relying on spreadsheets to develop budgets and forecasts. This process can be inefficient and error-prone, especially when different spreadsheets are drifting throughout the company with multiple contributors working on completely different versions. To solve this dilemma, companies are now turning to a cloud platform that allows data to be integrated and managed from a single solution known as NetSuite Planning and Budgeting.
SuiteSuccess for NetSuite Planning and Budgeting
SuiteSuccess provides all NetSuite customers with increased business efficiency, greater flexibility, and faster time to value. It supports all modern business by including ERP, CRM, PSA, omnichannel commerce, Business Intelligence (BI), and Human Resources (HR) all which are built on NetSuite's cloud platform that is continually updated with leading edge functionality and technologies.
NetSuite Planning and Budgeting enables organizations of all sizes the ability to adopt a world-class planning and budgeting application offering market-leading functionality across lines of businesses. Being a world-class planning and budgeting cloud application integrated with NetSuite ERP, NetSuite PB includes the necessary tools for operational expense planning, capital expense planning, personnel planning, revenue planning, and financial statements, along with interactive dashboards and multi-currency support. Integration with the company's wider ERP system is important by allowing the planning and budgeting solution to automatically import data from integrated applications including General Ledger. Also , it offers integration with Microsoft Office systems such as, Outlook, Excel, Word, and PowerPoint.
Planning and Budgeting can be deployed via two separate versions a standard version and a premium version. This will ensure that your business will receive the Planning and Budgeting offering in a manner that best suits the specific needs and budget for your business.
Planning and Budgeting Standard Edition
The Standard or Starter Edition offers a straight-out-of-the-box planning and budgeting solution at an ideal price point. NetSuite Planning and Budgeting facilitates both company and departmental budgeting within one scalable solution. Also eliminating the need to transfer data manually, NetSuite's pre-built data synchronization allow financial and operation data to be used during the entire budgeting process. With this edition, it provides companies the ability to implement core functions and the benefits that planning and budgeting have to offer without straining your operating expenses.
Features Include:
- Drillable Executive Dashboards
- Projections for Revenue Templates
- Projections for Operating Expenses Templates
- Balance Sheet and Cash Flow Statements
- Multi-currency and multi-subsidiary support
Planning and Budgeting Premium Edition
This edition is ideal for organizations with a more robust planning and budgeting application and process that will facilitate future success and growth. While still providing the foundational version of Planning and Budgeting, this edition allows companies the capability to customize the solution to suit existing operations.
Features Include:
- Industry Specific Models
- SaaS
- Project Planning
- Cash Projections
- Verticalization of OpEx and Expense Planning
- Verticalization of Revenue Planning
- Driver and Trended Forecast
- Variance Analysis and Financial Reporting
- Indirect Cash Flow
- Workforce Planning
- Improving collaboration between HR and Finance
- Drill down on what skills, competencies are needed for long-term success
- Predict cost and effectiveness of organizational changes
- Smart View Office Integration
Why NetSuite Planning and Budgeting?
NetSuite Planning and Budgeting is ready on day one and enables organizations of all sizes the ability to adopt a world-class planning and budgeting application offering market-leading functionality across lines of businesses. Here are the top 7 reasons to consider.
- 1. No hardware or IT investments
- 2. Fully customizable and owned by Lines of Business
- 3. Migrate from disconnected planning tools and spreadsheets
- 4. Work with the latest version of the software
- 5. ERP and Planning application prebuilt integration adapter
- 6. Full scalability of Oracle's leading planning and budgeting cloud solution
- 7. Low cost and time to implement
Partner SpotLight
NetSuite SuiteSuccess
NetSuite SuiteSuccess offers a pathway for businesses to succeed by engaging with them continuously throughout their lifecycle. NetSuite delivers a unique set of processes, activities, and systems designed to deliver rapid value. Customers are equipped to make the most of their NetSuite investment quickly and are able to expand towards next-generation solutions to meet changing business needs.
Our Company
MindStream Analytics' senior staff was there at the birth of Business Intelligence. We have been part of building Business Intelligence nationally from its humble niche product status to the ubiquitous analytic tool that it is today. MindStream consultants are well versed in reporting and information management and are ready to help you leverage the power of multiple tier-1vendors. From Oracle Hyperion to IBM Cognos, we can help you select and integrate the right tools for you to better understand your information. MindStream Analytics has experience across a wide variety of industries: Business Services, Consumer Products, Energy, Financial Services, Healthcare, Manufacturing, Transportation , and Telecommunication. We have the depth and breadth of experience to help you deliver actionable information to users.
About NetSuite
NetSuite delivers a unique set of processes, activities, and systems designed to deliver rapid value. Customers are equipped to make the most of their NetSuite investment quickly as they see real business benefits, allowing them to expand towards next-generation solutions to meet changing business needs.
Case Studies
Accumen
Thanks to the intervention of MindStream Analytics, Accumen's Finance department can now model their business with a new, more organized structure that isn't conventionally available in NetSuite.
Acme Brick
Acme Brick turned to MindStream Analytics for help implementing OneStream to replace their outdated TM1 solution.
Alterra
Alterra sought the expertise of MindStream to address the challenges they faced in their Capital Planning process.
ATCO Group
Energy conglomerate ATCO operates worldwide in utilities, power generation, and related services.
Avalon
Working with MindStream Analytics, Avalon Healthcare Solutions adopts NetSuite Planning and Budgeting to accelerate budgeting and forecasting processes.
Bayer Health Care
Bayer Healthcare implemented Hyperion Planning and Workforce Planning in 10 weeks to dramatically streamline their Income Statement budget and Workforce Planning process..
BluEarth
MindStream Analytics' partnership with BluEarth Renewables epitomizes the power of technology and collaboration.
Celgene
An Oracle Hyperion Planning Upgrade provides multi-national organization Hyperion Application optimization and stabilization.
Cleaver Brooks
OneStream XF was chosen as the platform that would transform Cleaver-Brooks' Finance processes.
CoorsTek
The collaboration between CoorsTek and MindStream resulted in significant improvements in CoorsTek's financial consolidation and reporting processes.
Elite Body Sculpture
MindStream Analytics' collaboration with Elite Body Sculpture encapsulates the transformative potential of targeted tech solutions in streamlining administrative processes.
Enlyte
Enlyte, a merger of Mitchell, Genex, and Coventry, faced challenges with disparate financial solutions and the need for combined reporting.
Flanders
MindStream Analytics collaborated with Flanders to implement OneStream Consolidation and Reporting solution.
Foley Products
Foley Products was facing a significant challenge with its Excel-based actual management reporting system.
Harte Hanks
The collaboration between MindStream Analytics and Harte Hanks culminated in a highly customized, user-friendly NetSuite implementation.
Interface
Interface used a complex, manual, excel-based FP&A process for monthly review, and the summary data was loaded in OneStream.
Kymera International
Thanks to Mindstream Analytics' assistance, Kymera was able to load all of their data into OneStream and validate it successfully.
MacLean Fogg
MacLean-Fogg partnered with MindStream, a leading implementor specializing in modernizing and optimizing enterprise systems.
MEPPI
MindStream's expertise and experience were sought to conduct a vendor selection initiative focusing on MEPPI's F2023 planning process.
OUAI
MindStream Analytics and OUAI's collaboration showcases the transformative power of strategic technological intervention.
Plaskolite
By migrating to OneStream, Plaskolite has achieved a material reduction in consolidation time and overall Financial Close cycle, eliminated the hours spent compiling and verifying data in Excel, streamlined its Planning, Budgeting and Forecasting model and delivered flexible and timely reporting that enables more strategic analysis of their financial data.
Redwire
Understanding the nuances of Redwire's challenges, MindStream Analytics devised a holistic approach to overcome them. The implementation of NetSuite was just the beginning.
Simon
Simon's existing corporate Hyperion Financial Management (HFM) production application was consolidating at a rate of seven hours, a performance issue causing great headache to corporate Accounting.
Source Code
The successful transition to OneStream revolutionized Source Code's financial reporting.
Subway
Subway collaborated with MindStream Analytics for the NetSuite Analytics Warehouse implementation.
UPenn
MindStream Consulting and AppCare team members are proud be working side by side with UPenn university in accomplishing this implementation and along with continuing our AppCare services after go-live.
USG
USG was an Oracle Hyperion customer realizing that it needed more specialized support for its various Oracle Hyperion applications.
Vantiv
Dividing a hyperion planning application, expanding the hyperion footprint to forecast on the business? Customer categories.
Versant Health
Versant Health engaged MindStream to help resolve the challenges they were experiencing with their consolidation, close, and financial reporting processes.
Virginia Spaceport Authority
The MindStream team implemented the Standard + Workforce NetSuite Planning & Budgeting.
WeWork
MindStream Analytics determined that the best solution was to implement Oracle Essbase Cloud as part of the Oracle Analytics Cloud (OAC) platform-as-a-service
WindStream
Innovative use of essbase to streamline and connect hyperion financial management for enhanced financial analysis.
XY Planning
MindStream Analytics, well-versed in addressing such challenges, presented a comprehensive Netsuite solution for XY Planning.