NetSuite Planning and Budgeting
Accurate Forecasts. Strategic Plans. Transformative Insights.
An accurate financial plan is crucial for business success, but disjointed spreadsheets and legacy systems introduce errors and limit insights. NetSuite Planning and Budgeting provides a unified cloud platform to model, forecast and report across the organization.
NetSuite goes beyond basic budgeting and planning to enable continuous planning across lines of business, functions and channels. With what-if scenario modeling, driver-based forecasts and variance analysis, finance gains agility to guide business strategy.
Why Choose NetSuite Planning and Budgeting?
- Automatically stay synchronized with the latest transactional data from any ERP or other systems
- Easily configure rolling forecasts, budget models, and what-if scenario analysis
- Align cross-functional plans across sales, marketing, supply chain, HR and long-term strategic planning
- Harness embedded BI and AI to uncover trends, outliers and drivers buried deep in the data
NetSuite Planning and Budgeting provides a unified cloud platform that goes beyond spreadsheet-centric financial planning by seamlessly integrating data, models, reporting and analytics. This empowers finance teams to streamline planning, increase agility, and make better data-driven decisions.
Key Capabilities of NetSuite Planning and Budgeting
Financial Planning
- Budgeting and forecasting
- Workforce planning
- Capital planning
- Cash flow planning
Collaboration and Workflows
- Decentralized data entry
- Workflow approvals
- Offline excel integration
- Annotations and commentary
Planning Modeling
- Driver-based models
- Scenarios for what-if analysis
- Rolling forecasts
- Operational data integration
Application Administration
- Configuration management
- Access controls and permissions
- Audit log tracking
- Data integration
Performance Analysis
- Variance drill-down
- Summary to detail reporting
- Waterfall and contribution charts
- Planning annotations
Integration and Customization of NetSuite Planning and Budgeting
Customization
- SuiteScripts and workflows for custom planning logic
- Additional custom budget objects
- Customized allocation modeling calculations
- Extended planning analytics and visualizations
Integration with NetSuite Modules
- Shared chart of accounts
- Unified transaction and planning data
- Real-time actuals from financials
- Operational data from other modules
Third-Party Integrations
- Connectors to aggregate source system data
- Extraction integration to power BI
- Integration with FP&A systems
- Payroll provider integration for expense planning
Industry Solutions
Technology
- Agile planning processes
- Subscription revenue modeling
- Activity-based costing models
- R&D investment analysis
Healthcare
- Patient volume planning
- Revenue reimbursement planning
- Flexible cost allocations
- Regulatory mandate analysis
Higher Education
- Enrollment modeling
- Tuition planning scenarios
- Fundraising analytics
- Tenure-based cost projections
Manufacturing
- Inventory planning workflows
- Shop floor actuals integration
- Supply chain analytics
- Demand forecasting automation
Hospitality
- Property planning templates
- Group booking revenue planning
- Food/beverage cost analysis
- Seasonality modeling
Energy
- Production forecasting
- Commodity price sensitivity planning
- Capital and sustaining capex planning
- Hedging scenario analysis
Retail and Ecommerce
- Omnichannel planning
- Seasonality modeling
- Promotion event modeling
- Cash cycle analysis
Financial Services
- Portfolio performance planning
- Cost center allocation drivers
- Branch utilization analysis
- Continuous rolling forecasts
Accelerate Your Financial Planning
Purpose-built for your industry, Planning and Budgeting goes beyond basic budgeting to enable continuous planning informed by trends. Contact SuiteRep today to learn how Planning and Budgeting can transform FP&A for the modern business landscape.
FAQs
How flexible is modeling and forecasting in Planning and Budgeting?
Highly flexible! Easily build driver-based models, create unlimited what-if scenarios, generate rolling forecasts, and customize modeling rules and templates.
What level of granularity can I plan and report on?
All levels – planning supports summary views by department down to line item transaction details. Analyze variances across any hierarchy.
Can operational plans and actuals be integrated?
Yes, seamlessly bring in data from any process across NetSuite or external sources including sales forecasts, inventory, and more to inform financial plans.
How quickly can I implement and see value?
Rapid time-to-value is enabled through pre-built industry templates and accelerators. Depending on customization needs, a typical deployment takes weeks to months.
Can I scale this solution across business units and geographies?
Absolutely. Built-in global consolidation supports continuous planning across multiple entities, currencies, calendars, and languages to unify models enterprise-wide.