NetSuite PBCS
NetSuite PBCS Experts
NetSuite PBCS (Planning and Budgeting Cloud Service) is a leader in corporate performance management solutions. NetSuite PBCS improves the overall financial planning and budgeting process since it allows for fast implementation and greater user acceptance across multiple business units.
The system provides a flexible and fully customizable solution that can meet the financial modeling and planning needs of any business. It is equipped with multiple reporting levels, so businesses can plan at a consolidated level while still analyzing the individual functions within the business. Likewise, it provides you with the ability to manage approvals and workflow processes directly to the top, creating a cooperative and scalable solution for large and growing businesses.
Many organizations rely solely on the functions and abilities of Microsoft Excel to create these reports - but this limits their ability to collaborate and requires a significant amount of manual effort. As a result, it is less efficient and is significantly prone to user error!
NetSuite Planning and Budgeting utilizes Smart View for Office to address this issue. It has tools that integrate with Microsoft Outlook, Excel, Word, and PowerPoint, so users can utilize those functions while creating a live connection to your ERP.
By connecting to NetSuite's Planning and Budgeting Cloud Service , your team can access quality and accurate data directly while still leveraging the user-friendly and widely known abilities of Excel. In other words, you can analyze and interpret data, create reports, build alternate reporting levels, and load budget and forecast data all from within Microsoft Excel.
PBCS relies on automated processes and calculations to meet a variety of planning and reporting needs. It can instantly run reports from the data aggregated from your company ERP to gives users immediate access to multiple planning models, scenarios, and other reports. It gives you the ability to drill into accounts to see the true impact on business performance .
It significantly improves management visibility and control over-reporting, which leads to better decision-making and more accurate reports. Likewise, it offers driver-based and what-if modeling, sections for adding notes and explanations, and adaptable workflow management. All businesses need to be flexible to changes, and NetSuite Planning and Budgeting guarantees you have the tools necessary to adapt.
Other Applications
Another integral part of financial planning involves your company workforce. NetSuite PBCS creates a link between HR and finance to build a strong foundation for budgeting and forecasting. You can easily set up roles across the company so hiring managers can plan to onboard new team members. This allows you to see your available budget - which is especially important for a workforce that is continuously fluctuating.
Similarly, NetSuite Planning and Budgeting brings together headcount, salary, bonus, payroll taxes, and other employee benefit programs to build reporting models for effective financial planning. Bringing the data together in one place - instead of requiring the finance team to extract data manually from multiple systems - will boost efficiency and accuracy across your organization.
From financial planning, budgeting, and forecasting to HR workforce integration across multiple business units, PBCS has the resources available to meet your business needs. Users can learn to use Smart View quickly with their basic Microsoft Excel skills, so you can access PBCS reporting and create quick ad-hoc reports right away.
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NetSuite SuiteSuccess
NetSuite SuiteSuccess offers a pathway for businesses to succeed by engaging with them continuously throughout their lifecycle. NetSuite delivers a unique set of processes, activities, and systems designed to deliver rapid value. Customers are equipped to make the most of their NetSuite investment quickly and are able to expand towards next-generation solutions to meet changing business needs.