NetSuite Planning and Budgeting Financials Overview
NetSuite Planning and Budgeting Financials is a Planning and Budgeting module that automates labor-intensive planning and budgeting processes. This means that you can quickly and easily produce scenario plans, create multiple "what-if" scenarios, and generate financial and management reports within one collaborative, scalable solution.
Planning and Budgeting Financials is tightly synchronized with the NetSuite ERP. Scenario planning templates in Planning and Budgeting Financials are dynamically populated and updated from NetSuite’s general ledger. The templates also accommodate changes to accounting segments and dimensions. NetSuite customers can improve scenario planning accuracy by leveraging Predictive Planning, which uses Actuals from NetSuite ERP. Predictive Planning helps you to validate assumptions and improve decision-making.
Planning and Budgeting Financials provides the following use cases that you can incrementally enable to best meet your business needs:
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Reporting and Analytics
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Revenue and Gross Margin
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Operating Expenses (OpEx)
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Driver-base Balance Sheet Planning (Days Sales Outstanding, Days Inventory Outstanding, Days Payable Outstanding)
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Financial Statements (Income Statement, Balance Sheet, and Cash Flow)
Planning and Budgeting Financials offers a framework that provides driver-based, trend-based, and direct-input accounts that are fully integrated with your financial statements. The variance analyses, financial statements, and dashboards that comes standard with Planning and Budgeting Financials help NetSuite customers drive organizational strategies and objectives.
Smart View for Microsoft Office enables the integration of NetSuite Planning and Budgeting with Microsoft Office tools. Such tools include Outlook, Excel, Word and PowerPoint. Users can add "what-if" analyses in Excel for customers, items, or expenses categories and create data grids that incorporate Excel formulas and formats. Common planning actions, such as spreading and allocation, are available for data grids rendered within Excel.