NetSuite Planning and Budgeting

What is NetSuite Planning and Budgeting?

NetSuite Planning and Budgeting empowers finance teams with intelligent, automated tools for faster, more confident planning and forecasting. Embedded AI and machine learning analyze data, identify trends, and surface insights to help teams make better, faster, and more certain decisions. AI-generated commentary and narratives explain why numbers change, not just that they do. By automating data collection and reporting, finance professionals can dedicate more time to strategic analysis and scenario planning that shape the company’s financial future.

What is NetSuite Planning and Budgeting? (Video)

Reduce budgeting and forecasting cycle times

AI-powered, agile planning

AI-powered insights empower finance teams to move faster and plan smarter. NetSuite Planning and Budgeting continuously analyzes data trends and drivers across the business, helping organizations adapt quickly, reduce planning cycle times, and drive more confident decision-making.

NetSuite Planning and Budgeting Benefits

Accelerated planning cycles. Streamlined templates, workflows, and automation gather inputs quickly and consistently.
Real-time information. Prebuilt integration with NetSuite ERP ensures planning always reflects up-to-date financial and operational data.
Organizational alignment. A single, collaborative solution connects stakeholders and eliminates emails and spreadsheet chaos.
Transparency and control. Audit trails and consistent processes track every change, building confidence in your numbers.
Improved forecast accuracy. Compare actuals versus forecasts and use AI-driven insights to continually refine models and assumptions.

90%

90% of NetSuite Planning and Budgeting customers surveyed have achieved increased visibility, control over their business operations, and more organizational alignment.

95%

95% of surveyed customers confirmed that since adopting NetSuite Planning and Budgeting, their organization has achieved increased visibility and control over their business, and more accurate forecasting.

69%

69% of NetSuite Planning and Budgeting customers surveyed said they’ve experienced improved efficiency, accuracy, and automation of previously manual, time-intensive processes.

Source: TechValidate

NetSuite Planning and Budgeting helped us close our books 20% faster, giving us the flexibility to make faster, smarter business decisions. You’re wasting your time if you’re not implementing NetSuite Planning and Budgeting.

Daniel Ruettiger, CPA
Senior FP&A Accounting Associate, Highstreet Insurance Partners

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NetSuite Planning and Budgeting Features

NetSuite Planning and Budgeting brings together advanced predictive capabilities, intelligent automation, and real-time collaboration, empowering finance teams to move from reactive to confident, data-informed planning.

Multivariate Prediction

Multivariate Prediction uses AI and machine learning to produce forecasts by analyzing multiple business drivers together. This capability improves forecast reliability, highlights interdependencies, and strengthens confidence in strategic decisions.

Predictive Planning

Intelligent Performance Management (IPM) continuously monitors, analyzes, and explains plan and forecast data using embedded AI. AI identifies anomalies, trends, and biases, surfacing hidden correlations so finance leaders can act quickly and decisively. Predictive forecast explanations reveal the “why” behind results, while Generative AI (GenAI) creates narrative summaries that make complex insights easy to understand and share.

Budgeting and Forecasting

Automate and streamline companywide and departmental budgeting processes. Prebuilt workflows and templates, updated automatically from NetSuite’s general ledger, help teams collaborate efficiently and adapt to change. Real-time forecasts based on live financial data allow leaders to make faster, smarter, and more confident decisions.

Scenario Planning and Modeling

Use AI-supported scenario modeling to explore multiple outcomes with ease. Plan across any number of dimensions such as product, customer, or location, and understand how changes impact cash flow, revenue, or headcount. With intelligent modeling, finance teams can respond confidently to any “what if” scenario.

Workforce Planning

Simplify headcount and compensation planning by aligning workforce needs with business goals. Workfoce planning ensures staffing plans remain balanced, cost-effective, and adaptable as business priorities evolve.

Microsoft Office Integration

Smart View integrates NetSuite Planning and Budgeting with familiar tools like Microsoft Excel, Word, PowerPoint, and Google Sheets. Easily add what-if analyses, apply formulas, and create data grids, all while maintaining consistency with your planning environment. AI-enabled insights update in real time to support confident, in-context decision-making.

Challenges NetSuite Planning and Budgeting Solves

Manual processes. Prebuilt integration with NetSuite financial and operational data eliminates errors caused by manual transfers.
Lack of collaboration. Users can enter comments and assumptions for collaborative planning, budgeting and forecasting.
Poor decisions. AI-powered insights turn uncertainty into clarity, so every plan is backed by data-driven confidence.

How Much Does NetSuite Planning and Budgeting Cost?

Companies of every size, from pre-revenue 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?

Users subscribe to NetSuite for an annual license fee. Your license is made up of three main components: core platform, optional modules and the 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 Planning and Budgeting is available as add-on module.

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