Scenario Planning and Forecasting Are Essential Right Now. Here’s How NetSuite Can Help.

May 12, 2020

As most financial and leadership teams will attest, forecasting under normal circumstances can be cumbersome and challenging, and in today’s current environment, it might seem even impossible.

But as the economy reopens, it’s crucial for businesses to build out scenarios based on their current state and assume a wide range of outcomes, accounting for sales, expenses and cash flow, with some of that dependent on outcomes related to the labor force and supply chain disruptions, for example.

As part of the unified suite, NetSuite Planning and Budgeting makes this process seamless, reducing stress during an already stressful time.

On this episode of “The NetSuite Podcast,” we’re joined by Nate Mariner, the Global Senior Business Manager for NetSuite Planning and Budgeting, who dives into the solution’s capabilities and why those capabilities are so crucial to helping businesses navigate the current climate.

After discussing his own history as a financial analyst with experience utilizing NetSuite Planning and Budgeting from a user standpoint, Mariner recalls the challenges around manual and antiquated processes he witnessed financial teams face in scenario planning(opens in new tab) and forecasting. While those responsibilities may not always be top of mind for financial teams, Mariner explains that the ever-changing landscape of a connected global world requires those teams—across both large and small companies—to anticipate disruption...Something that’s especially topical right now.

Listen to the full episode on Apple Podcasts(opens in new tab), Soundcloud(opens in new tab) or YouTube(opens in new tab).

NetSuite has packaged the experience gained from tens of thousands of worldwide deployments over two decades into a set of leading practices that pave a clear path to success and are proven to deliver rapid business value. With NetSuite, you go live in a predictable timeframe — smart, stepped implementations begin with sales and span the entire customer lifecycle, so there's continuity from sales to services to support.

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