NetSuite Planning

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.

netsuite planning

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

Contact MindStream Analytics

If you are having trouble balancing your Balance Sheet in NetSuite Planning , we can help - contact MindStream Analytics today!

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Oracle NetSuite

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.