End-to-End Business Performance Management for
Strategy, Planning and Execution

Tired of error-prone, labor-intensive spreadsheet-based approaches to financial planning? Want more visibility into your business so you can accurately plan and forecast? The NetSuite Financial Planning Module is an add-on solution for NetSuite that gives you cost-effective, highly sophisticated planning and "what-if" financial modeling modeling capabilities. And it's delivered over the same Software-as-a-Service (SaaS) infrastructure as NetSuite's industry-leading accounting/ERP, CRM and ecommerce capabilities.

Together, NetSuite and the new Financial Planning Module give you a real-time, end-to-end business management solution for strategy, planning and execution—a solution that previously cost large corporations millions of dollars and months, if not years, implementing on-premise enterprise software. You'll streamline business processes, improve financial agility, strengthen collaboration and drive better-informed, more strategic decision-making.

More than 90% of corporate spreadsheets have material errors
in them. Yet over 75% of companies still rely on them for planning
and reporting.

Source: PriceWaterhouseCoopers
and KPMG reports

Drill Down into Transactions—In Real Time

Developed using NetSuite's SuiteCloud development platform to integrate NetSuite and software from Adaptive Planning, the NetSuite Financial Planning Module delivers seamless, on-demand access to detailed transactions and historical performance, as well as forward-looking planning and what-if modeling.

For example, you'll be able to identify variances between your plan and actuals, isolate the organization and account responsible for the variance, and drill into the transactions contributing to the variance. This type of real-time, dynamic drill-down to transaction-level detail
isn't available even in high-end, enterprise-class planning systems.

A Fraction of the Cost of Enterprise Software Alternatives

The average corporation spends four months and 20-30% of senior executives' and financial managers' time on the budget.

Source: Beyond Budgeting Roundtable

With the NetSuite Financial Planning module, mid-sized companies and divisions of large enterprises have a cost-effective alternative to the high price tag of on-premise enterprise solutions—as well as the chaos of multiple spreadsheets—thanks to a SaaS-based delivery model, relatively quick implementation timelines and ease of use that empowers business users rather than requiring
specialized skills.

Best of all, businesses have a single source of truth and metrics delivered in real time, which enables better decision making.

Boost the Strategic Value of Finance

Nearly 70% of corporate finance departments reported increased responsibility for financial planning
and analysis due to the global
economic turmoil.

Source: McKinsey Global
Survey Results, April 2009

The NetSuite Financial Planning Module combines complete on-demand budgeting, planning and forecasting with the leading on-demand business management software suite into a unique financial package that allows you to:

Spend less time consolidating data, and more time analyzing information and providing insight to your executive and management teams—enhancing the strategic value of the finance function
Improve business agility with "what-if" scenarios while using a business suite that enables you to change the business direction.
Offer better plan accuracy based on sound data and centralized plans, reducing budgeting and forecasting cycle times by up to 90%
Dramatically reduce costs of running critical financial processes—finance/ERP, budgeting and planning—on demand
Promote the effective execution of business strategy by improving planning across finance, sales, service, support and other organizations
Achieve strong fiscal control based on accurate and timely historical data and up to date plans
Better manage to financial and operational results using real-time dashboards showing Actual versus Plan versus Forecast
Make better business decisions by simplifying and standardizing data collection across the organization.

Key Features

Budgeting and Forecasting

Intuitive, spreadsheet-like data entry sheets
Multi-dimensional data collection
Automated consolidation and rollup of plans
Dynamic formulas and assumptions
Actuals data incorporated into new forecasts
Workflow management
Planning of full financial statements (income statement, balance sheet, and cash flow)

Reporting and Dashboards

Graphical "drag and drop" Report Builder
Multi-dimensional analysis with automatic security filtering
Multi-version variance reporting (e.g., actual vs. plan vs. forecast)
Drill through into NetSuite real-time actuals data

Modeling and Administration

Unlimited versions for "what-if" analysis
Multi-dimensional models for complex sales and product planning
Financial and operational accounts and metrics
User-based access controls and customized sheets
Multi-currency support
Localized in French, German, Spanish & Japanese

Private Team Collaboration

Discussion groups for managing ongoing planning communications
Collaborative online documents for centrally capturing non-numeric planning information
Attachments for archiving documents and other files associated with plans

What Customers Are Saying

"By implementing NetSuite and the Financial Planning Module, we have been able to link together strategy, planning and execution. We can continuously monitor actual performance while rapidly analyzing multiple 'what-if' scenarios, which allows us to be far more nimble and effective in making both tactical and strategic decisions."

—James Jones, Director, Financial Planning and Analysis, KANA Software