NSPB

For finance teams to create budgets and forecasts, model what-if situations, and generate reports — all swiftly and easily within one collaborative, scalable solution — NetSuite Planning and Budgeting (NSPB) automates labor-intensive planning and budgeting processes. Finance staff can reallocate time from data entry and formula maintenance to strategic analysis tasks that have a larger effect on the company’s financial position by spending less time on manual consolidation, troubleshooting, reporting, and data loading.

Features

• Scenario Planning and Modeling:  Create multidimensional plans and scenario models with any number of variables, including location, product, customer, and expense. Complex calculations, such as expected revenue, operational and capital expenditures, staffing costs, cash flow, and sales, can be easily modelled without the danger of formula errors provided by frequent updates or monthly maintenance.

• Revenue Planning: Align sales and revenue projections with corporate goals. Along with the finance, sales, and support teams, develop driver-based revenue and sales estimates for all business units. Then, keep track of the impact on cash flows and balance sheets by regularly comparing actual performance to targets.

• Operational Expense: Flexible driver-based planning should be enabled to link your operational hypotheses to financial results. Facilitate a hierarchical planning process that incorporates both corporate finance and lines of business.

• 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.

• Workforce Planning: By coordinating the demands and priorities of your company with those of the workforce, you may streamline workforce planning and related tasks like headcount, wage, and compensation planning and guarantee that organisational goals are reached.

• Dashboards: Effectively make in minutes dashboards that show financial plan and actuals information. NetSuite’s simplified report developer puts strong, yet simple to-utilize, online detailing under the control of money and business supervisors.

• Microsoft Office Integration: Smart View for Office empowers the mix of NetSuite Arranging and Planning with Microsoft Office instruments. Clients can add imagine a scenario where examinations in Succeed for clients, things or costs classifications on the fly and make information matrices consolidating Succeed recipes and configurations.

Benefits :

• Reduced Planning Cycle Times. Templates and workflows make it easy to gather inputs and assumptions.

• Manual Processes & Accuracy: Prebuilt integration with NetSuite financial data eliminates errors caused by manual transfers. It ensures real-time, accurate financial and operational data is used.

• Lack of Collaboration: Users can enter comments and assumptions for collaborative planning, budgeting, and forecasting.

• Increased Transparency: All changes are tracked as everyone enters data consistently and using the same processes.

• Faster Decision Making: Quickly compare budget with actuals to deliver insights more quickly and enable better decision-making.

• Align the Organization. All stakeholders are connected in a single environment, eliminating emails and spreadsheets.

• Improved Forecast Accuracy. Regularly compare and analyze actual versus projected results to refine forecasts.