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Reduce planning and budgeting cycle times, improve forecast accuracy

// Experience. Execution. Excellence.

What is NetSuite Planning and Budgeting?

NetSuite Planning and Budgeting automates labor-intensive planning and budgeting processes so finance teams can quickly and easily produce budgets and forecasts, model what-if scenarios and generate reports — all within one collaborative, scalable solution. With less time spent on manual consolidation, troubleshooting, reporting and data loading, finance staff can reallocate time from data entry and formula maintenance to strategic analysis activities that have a greater impact on the company’s financial position.

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NetSuite Planning and Budgeting Benefits

  • Reduced Planning Cycle Times. Templates and workflows make it easy to gather inputs and assumptions.
  • Accurate Information. Pre-built synchronization with NetSuite ERP ensures real-time, accurate financial and operational data is used.
  • Align the Organization. All stakeholders are connected in a single environment, eliminating emails and spreadsheets.
  • Increased Transparency. Everyone is entering data consistently and using the same processes, so all changes are tracked.
  • Improved Forecast Accuracy. Regularly compare and analyze actual versus projected results to refine forecasts.

NetSuite Planning and Budgeting Features

NetSuite Planning and Budgeting enables organizations to accelerate budgeting and forecasting processes with market-leading predictive features, reporting, scenario planning and modeling capabilities, all in one collaborative, scalable solution.

Budgeting and Forecasting
Scenario Planning and Modeling
Revenue Planning
Dashboards

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.

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.

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.

Challenges NetSuite Planning and Budgeting Solves

  • Manual Processes. Prebuilt integration with NetSuite financial data eliminates errors caused by manual transfers.
  • Lack of Collaboration. Users can enter comments and assumptions for collaborative planning, budgeting and forecasting.
  • Poor Decisions. Quickly compare budget with actuals to deliver insights more quickly and enable better decision-making.