NetSuite Planning and Budgeting
Transform Financial Planning with NetSuite's Automated Budgeting System. Automate labor-intensive planning processes and gain strategic analysis focus.
Forecast Confidently with NetSuite Planning and Budgeting.
NetSuite Planning and Budgeting (NSPB) automates labor-intensive financial planning processes, enabling finance teams to produce accurate budgets and forecasts with ease. As a specialized NetSuite Planning partner, we help you leverage embedded AI to produce strategic what-if scenarios and data-driven narratives.
By centralizing your financial data in one collaborative environment, NSPB eliminates the risks of manual spreadsheet maintenance. Shift your focus from data entry to high-impact analysis, ensuring your organization remains agile and responsive to changing market conditions.
Control
Data synchronization with NetSuite ERP ensures automated, ongoing access to up-to-date financial and operational data. Reduced reliance on manual data input and reconciliations means better control.
Collaboration
All stakeholders are connected in a single environment, streamlining data collection. Accessibility boosts participation and accountability, making it easier for finance to get meaningful input.
Visibility
Data is entered in one centralized place, creating a single, agreed-upon version of information. Any changes made to numbers in the system are automatically reflected in reports and dashboards.
NetSuite Planning and Budgeting Features
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.
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.
AI-Powered Predictive Planning
Leveraging embedded AI, Intelligent Performance Management automates data analysis to improve and accelerate decision making. Prediction algorithms continually monitor and analyze plans.
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 teams.
Operational Expense
Enable flexible driver-based planning to connect your operational assumptions to financial outcomes. Support a hierarchical planning process encompassing finance and business lines.
Workforce Planning
Simplify workforce planning, headcount, salary and compensation planning by aligning organizational needs with workforce priorities to ensure objectives are met.
Trended Financial Statements
Fully integrated GAAP-compliant statements mean income, balance sheet and cash flow statements are connected with seamless actual-to-budget trending.
Data Synchronization
Prebuilt data synchronization with NetSuite ERP ensures data accuracy. Up-to-date financial and operational data are automatically reflected in your plans.
Dashboards
Easily create dashboards in minutes that display budget and actuals data. Secure, collaborative, process-driven approach makes defining and authoring reports effortless.
Microsoft Office Integration
Smart View for Office enables integration with Outlook, Excel, Word and PowerPoint. Users can add what-if analyses in Excel for customers or items on the fly.
Key Benefits of NetSuite Planning and Budgeting
Addressing Global Challenges
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.
How Much Does NetSuite Planning and Budgeting Cost?
Companies of every size, from pre-revenue startups to fast-growing businesses, have made the move to NetSuite. Looking for a better way to run your business but wondering about the cost?
Users subscribe to NetSuite for an annual license fee. Your license is made up of three main components: core platform, optional modules and the number of users. There is also a one-time implementation fee for the initial set up. As your business grows, you can easily activate new modules and add users — that's the beauty of cloud software.
NetSuite Planning and Budgeting is available as add-on module.
Optimize Your Finance on NetSuite Planning & Budgeting — Forecast Confidently.
Join thousands of businesses growing their efficiency with NetSuite — unified planning that works as hard as your business.
NetSuite Planning and Budgeting is a cloud-based solution that helps businesses streamline financial planning, budgeting, and forecasting. It allows teams to collaborate in real-time, automate manual processes, and make data-driven decisions by integrating financial data from across the organization.
NetSuite enables businesses to create detailed, driver-based models that reflect real-world scenarios. Its powerful data integration capabilities provide accurate, up-to-date financial data, and the platform's built-in analytics help generate accurate forecasts based on historical trends and real-time data.
NetSuite offers a high degree of customization, allowing users to tailor budgeting, forecasting, and reporting models to meet specific business needs. You can create custom dashboards, reports, and workflows to reflect your organization's unique financial structure and goals.
NetSuite seamlessly integrates with various ERP, CRM, and financial systems, including its own suite of applications, ensuring that all data is up-to-date and consistent. This integration eliminates the need for manual data entry, reduces errors, and ensures a unified view of your business's financial health.