NetSuite Planning and Budgeting (NSPB)
NetSuite Planning and Budgeting (NPSB) is a cloud-based solution specifically designed to help businesses streamline their financial planning, forecasting, and budgeting processes. Built on Oracle’s enterprise-grade planning technology, it integrates seamlessly with NetSuite ERP, enabling organizations to create accurate, data-driven plans that align with their financial and operational goals. NetSuite Planning and Budgeting provides advanced modeling, reporting, and collaboration tools, allowing teams to generate real-time insights, manage financial performance, and improve decision-making across the organization.
Use Cases
Software
Use driver-based forecasts to predict future revenue streams based on key drivers such as customer retention rates, new subscriptions, and upgrades. Rolling forecasts help adapt projections based on actual performance.
Allocate budgets for R&D projects based on forecasted demand for new features or products. Use scenario modeling to assess the financial impact of various product development strategies on cash flow and profitability.
Plan for international expansion by forecasting sales across different regions and currencies, and model the financial impact of currency fluctuations or local tax requirements on profitability.
Manufacturing
Forecast production costs based on raw material prices, labor costs, and overhead. Scenario planning helps evaluate cost implications of supply chain disruptions or changes in demand.
Forecast and plan capital expenditures for upgrading manufacturing machinery or expanding production lines. Use what-if analysis to understand the impact of Capex on cash flow and overall financial performance.
By integrating sales forecasts with production planning, manufacturers can ensure they align inventory levels with demand, reducing excess stock and preventing stockouts.
Services
Plan for optimal resource allocation by forecasting employee utilization rates across projects. They can adjust forecasts based on real-time data on project performance, contract wins, and client demands.
Plan for the financial performance of individual projects, including revenue recognition, direct costs, and overhead. Use rolling forecasts to adjust project budgets based on actual performance.
Model different scenarios for service contracts, such as contract renewals or cancellations, and understand their impact on future revenue and profitability. This allows services companies to proactively manage financial risks.
Wholesale/Distribution
Use demand-based forecasting to plan future sales and align inventory purchases accordingly. Rolling forecasts help ensure that inventory levels are continuously adjusted based on sales performance and market demand.
Plan for logistics and supplier costs by forecasting transportation, warehousing, and procurement expenses. Scenario analysis can be used to evaluate the financial impact of changes in supplier pricing or logistics delays.
Plan your budgets by analyzing sales performance across multiple channels (online, retail, etc.) and using this data to allocate resources more effectively to the highest-performing channels.
Our Services
Implementation
Sky High ERP will manage the entire implementation process, from initial setup to data migration and integration with NetSuite ERP and other external systems. This ensures a seamless transition for your financial planning and budgeting processes.
Our experts will tailor the Planning and Budgeting module to fit your business’s specific needs, whether it’s setting up multi-entity financial consolidation, driver-based models, or scenario planning.
Data Integration & Migration
We assist with integrating NetSuite Planning and Budgeting with your existing ERP and third-party tools (e.g., Salesforce, QuickBooks) to ensure your data flows smoothly across systems. Our team ensures clean, accurate data is migrated into NetSuite Planning and Budgeting, eliminating any inconsistencies and improving the overall reliability of financial forecasts and reports.
Custom Reporting & Analytics
We develop custom reports and dashboards that provide real-time insights into your budgeting and forecasting models. Our service includes setting up key financial reports, customized to meet the specific needs of your business. Additionally, we assist businesses in creating and managing scenario models, allowing you to make data-driven decisions by analyzing the financial impact of various business conditions.
Vendor-Certified Experts
Our experienced team members hold multiple certifications from our key vendor partners with extensive domain and industry expertise.
Official NetSuite Alliance Partner
We are proud to be an official Oracle NetSuite Alliance Partner and often get the call when an implementation has gotten off track and requires a recovery.
Experts in Customization
We excel in leveraging our expertise to develop tailored solutions that precisely align with the distinctive needs of your business.
