Performing better planning and budgeting has always been a critical task for the organizations. Most of the businesses still invest their huge time while struggling in building, testing, and measuring the planning and budgeting strategies but nothing leaves remarkable output. Adopting Oracle Planning and Budgeting cloud service can truly help in such term.
In the lack of right system configuration to measure against your plan, nothing will work out. Even various SMB’s are still on the footprint of “one external solution that fits all” and is forced to implement, manage, and utilize such tool.
With SuiteSuccess Planning And Budgeting Starter Edition, NetSuite brings a solution to challenge the existing planning and budgeting tools. Such challenges are demonstrating a unified solution, connected to the business and tailored to industry-specific need.
NetSuite is in the process to launch 7-industry-specific planning and budgeting solution. Industries those who come in this list are retail, manufacturing, software services, media & advertising, manufacturing, wholesale distribution, and non-profit.
Further, NetSuite wants to bring revolution in finance department by offering an integrated planning and finance solution to facilitate organizations with departmental planning with modeling capabilities, approval workflow and smart reporting within a single collaborative and scalable solution.
NetSuite also linked the planning and budgeting module to the operational metric used by the NetSuite customers. Using this enhanced metric, business leaders can have access to actual sales and forecasted sales. As a result, organizations get enabled to quickly apply advanced forecasting techniques to get fully prepared financial statements that automatically aggregate all the segments and pre-configured reporting templates that allow making related commentary as easily as they run spreadsheets.
Eventually, growing organizations can simplify and boost their financial practices by putting down their spreadsheet processing as NetSuite ERP is ready to support organizations at every stage to plan, schedule, and compare their budget effortlessly and accurately by following the SuiteSuccess model. Moreover, organizations can adapt functionality in terms of planning & budgeting models and can align with their growth rate using a single unified solution.
Businesses those who are seeking to complete performance management solution, NetSuite can add up functionalities like account reconciliation, transaction matching, financial close, and consolidation.
If above-written leaves queries’ in your mind, contact us today, inoday is a premier provider for NetSuite ERP Implementation & Consulting Services across the global market.