Financial Planning and Budgeting
What is NetSuite Planning and Budgeting (NSPB)?
NSPB is a software suite focused on helping the Finance department. The suite addresses common functions in Finance departments including: financial planning and budgeting, forecasting, financial reporting and data analysis.
What problems does NSPB address?
Most Finance departments plan, budget, and report entirely using Microsoft Excel.
NSPB eliminates all the classic problems with this method including: Errors caused by manually editing Excel sheets, slowness of process due to manual data manipulation, data integrity, reporting on different scenarios, managing contributors over email.
The benefits of replacing excel with NSPB (voted by Gartner in 2019 as the market leader in Cloud FP&A) :
• Automate import of data from NetSuite and other source systems
• Decrease errors and improve data integrity with automatic aggregation
• Collaborate with integrated workflow and process management
• Visualise insights with analytics, embedded throughout the planning and reporting process
• Improve transparency with audit trail, version control and analysis tools
• Understand the impact of any change quickly with what-if scenarios
• Flexible access for contributors via smart view excel interface or web-based forms
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Still using Excel for your Planning and Budgeting? Contact Catalyst to discuss:
- How to streamline your planning and budgeting processes and to produce forecasts and targets that are fresh, relevant and actionable
- How Planning and Budgeting can scale with your business amongst rapid growth
- How the reporting capabilities enable you to make smarter and faster business decision-making
- A best practice approach with minimum upfront investment and deployment effort