NetSuite Profitability and Cost Management

Gain a deeper understanding of what’s really driving your costs and profitability

What Is NetSuite Profitability and Cost Management?

NetSuite Profitability and Cost Management makes it easier for organizations to gain insights into their costs and profitability across various dimensions of their business, including by customers, products, regions, and more. The application can accurately analyze and allocate cost and profitability drivers. This insight helps companies optimize resource allocation, improve cost management practices, and drive profitability by offering a comprehensive view of performance across the business.

Allocate Resources More Effectively

Gain insights into top cost drivers, shared resource allocation methods, and relationships between cost objects that can significantly affect overall costs and profitability.

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NetSuite Profitability and Cost Management Benefits

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Improve Financial Performance. Model the flow of costs and revenue throughout your organization with ease for more informed decision-making and better financial outcomes.
Enhance Insights. Identify your most profitable products, services, and customers, as well as those that are not yielding satisfactory returns.
Plan for the Future. Conduct what-if analyses to test the impact of strategic changes and prepare for possible market shifts such as rising input costs or changing market demand.

NetSuite Profitability and Cost Management Features

NetSuite Profitability and Cost Management simplifies the process of allocating resources by providing a deeper understanding of costs and profitability.

Allocations

Data Sources. Combine financial metrics with operational insights from any source.
Resource Allocation. Simplify complex resource distribution across departments, accurately modeling shared resource usage.
Allocation Insights. View clear, easy-to-understand maps of costs and profits.
Validation Reports. Verify every step of your allocation process with comprehensive validation reports so you’re confident costs and profits align with your objectives.

Modeling

Cost and Profitability Modeling. Gain insights into the profitability of customer segments, products, and business units to inform resource allocation decisions.
Shared Services Cost Allocation. Ease the allocation of shared services costs across departments and minimize disputes with transparent cost breakdowns.
Tax Transfer Pricing Automation. Automate tax transfer pricing between legal entities to reduce compliance challenges and boost transparency with an auditable trail.
Regulatory Cost Calculation. Calculate and document regulatory costs to facilitate compliance with reporting regulations. This includes negotiation pricing, overhead rate justification, and jurisdiction profitability reporting.

What-if Probability and Cost Scenarios

Test Business Strategies. Model potential business changes, such as introducing new products, altering delivery methods, or growing your customer base to optimize profitability.
Anticipate Regulatory Shifts. Proactively assess the impact of regulatory changes such as tax or tariff adjustments to understand cost impacts and justify resulting changes to interest, shipping, insurance, and other rates.
Refine Cost Drivers and Allocation Methods. Gain insight into major cost drivers, optimize shared resource allocation methods, and understand the intricate relationships between cost objects.

Challenges NetSuite Profitability and Cost Management Solves

Inefficient Resource Allocation. Understand costs and profitability better to make smarter choices with all available resources.
Limited Insight into Profitability. Spot areas of high and low profitability to focus investments and resource reallocation for growth.
Complex Cost Allocation Processes. Improve processes to avoid errors and disputes, enhancing accuracy and transparency in cost reporting.
Compliance Risks. Simplify compliance by accurately calculating and documenting costs, reducing the risk of noncompliance.

How Much Does NetSuite Profitability and Cost Management Cost?

Companies of every size, from prerevenue startups to fast-growing businesses, have made the move to NetSuite. Looking for a better way to run your business but wondering about the cost?

Customers subscribe to NetSuite for an annual license fee. Your license is made up of three main components: core platform, optional modules, and number of users. There is also a one-time implementation fee for initial setup. As your business grows, you can easily activate new modules and add users—that’s the beauty of cloud software.

NetSuite Profitability and Cost Management Cost is available as an add-on module.

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