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High growth businesses - Are your planning and budgeting issues growing with you?

Written by Alice Jackson

24 | 11 | 20

3 minute read

For businesses experiencing or aiming for high growth, inadequate planning and budgeting processes can have a huge impact on performance. Without adequate processes in place to support a growing customer base, offering, and the company itself, business and commercial opportunities stagnate. At the heart of every successful business is a reliable and multifaceted financial management solution. Yet businesses currently experiencing growth may now also be experiencing challenges with existing planning and budgeting solutions fulfilling their requirements.

We’re all too aware of the obstacles that can come hand in hand with planning and budgeting. Lack of integration of financial and operational data or using spreadsheets, for example, can result in less collaboration, more inefficiency and is error prone. Businesses may struggle with version control or with an increase in demand, may be struggling to prioritise time for analytics. Or for many businesses recent times may have brought modelling a variety of ‘what if’ scenarios even more to the forefront. So what if there’s a market leading solution that can resolve these challenges?

NetSuite’s Planning and Budgeting is the leading middle market cloud solution for budgeting and forecasting. It addresses a wide variety of financial, sales, contractual and operational planning use cases in businesses across all industries. NetSuite Planning and Budgeting automates planning and budgeting processes, and provides one platform for all your financial and operational data. This allows finance teams to quickly and easily produce budgets and forecasts, model what-if scenarios and generate reports within one collaborative scalable solution. Finance teams are able to gain control, collaboration, and visibility of their organisations financial and operational plans. And once more, you don’t even have to be an existing NetSuite user to integrate NetSuite Planning and Budgeting into your current system.

Is NetSuite Planning and Budgeting suitable for my business?

  • Fully customisable
  • Completely cloud-based – no hardware investments necessary
  • Slice and dice data as required from any location, on any WIFI enabled device – you choose the mode of access and NetSuite will handle the how
  • Aligns your business with one version of the truth
  • Improves forecast accuracy using ‘what if’ technology
  • Integrates with NetSuite Financials and other ERP systems include Sage and Accounts IQ
  • Microsoft Office interfaces
  • Simple to use

Want to find out more?

We’re hosting a free NetSuite Planning and Budgeting webinar on Wednesday 25 November. We’ll be showing you how NetSuite Planning and Budgeting can help you plan across your business, and help improve the accuracy of your forecasting and reporting. Whether you’re already a NetSuite user or a user of other solutions and applications such as Sage or Excel, this webinar will provide a useful insight into the key capabilities of NetSuite Planning and Budgeting. Find out more and book your place here.