Articles

Extending NetSuite to support your Planning and Budgeting process

Are you struggling to collect and consolidate your budget data through Excel? Do you find comparing budget versions and actuals a tedious job? Are you aiming to make ‘what if’ analyses easy, or do you find it difficult to understand the underlying arguments of the financial figures? All issues we hear regularly from our clients. Extending your NetSuite software to include NetSuite Planning and Budgeting helps you to make the most out of your budgeting process.

Extending NetSuite Planning and Budgeting

Structuring your planning and budgeting process

Often, we see that companies aiming to take their budgeting process to the next level encounter the limits of Excel. Moving to an automated tool to collect your budget or forecast data in a structured and consistent way helps you understand the final result. Also, it enables you to make (central) adjustments to the financial figures and perform what if analyses.

 At the same time, you don’t want to lose understanding of how the figures are built. Often, this starts with gathering budget related information from stakeholders. Wouldn’t it be easier if they could enter the data directly in a way they understand? For example, how many products do they sell against which price, or how much FTE do they need next year? The revenue and costs then would just be calculated by the system.

As a (group) finance controller, you’d be able to focus on the core of your activities: comparing and analyzing the data. Not only during the budget process but also later, when you need to analyze and understand discrepancies with the actual figures.

How NetSuite Planning and Budgeting helps you take your budgeting process to the next level

The tool NetSuite Planning and Budgeting (NSPB) supports you with the above tasks and will fully support you regarding the budget process. It is closely integrated with NetSuite itself. Extending your current NetSuite software with NSPB is an efficient way to make your budgeting process more effective.

NSPB is a tool that has been around for years and is used by thousands of customers. That means it has proven itself and is always kept up to date. In combination with our expert team, we’re here to help you with every step – from implementing NSPB to the crucial phase of using and adopting NSPB.

Join our webinar

Discover more about NetSuite Planning and Budgeting and how to provide your organization with a smooth and reliable budgeting process. Please note: The webinar is in Dutch only!

Date: 26 March 2024

Time: 16:00 - 16:30 CET

Webinar NetSuite Planning and Budgeting (in Dutch)

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