NETSUITE USER GROUP WEBCAST

Transcription

1 NETSUITE USER GROUP WEBCAST Budgeting, Forecasting & Reporting March 14th, 2018

2 Today s speaker Matt Bailey Director, Technology & Management Consulting Over 18 years of experience in ERP/CRM implementations Certified NetSuite ERP Consultant Industry experience includes Nonprofit, Wholesale Distribution, Manufacturing, Retail, Professional Services, and Finance NetSuite pre-sales engineer Shaz Mian Manager, Technology & Management Consulting 10 years of experience in various Corporate Performance Management (CPM) implementations and tools Certified Adaptive Consultant Industry experience includes Nonprofit, Higher Education, Private Equity, Manufacturing, Professional Services Adaptive pre-sales engineer 2

3 Agenda Financial Budgeting in NetSuite Budget Imports/Options in NetSuite Budget versus Actual Reporting in NetSuite Adaptive Insights Question & Answer 3

4 Poll #1 What are you currently using to do your budgeting & forecasting? NetSuite Excel Adaptive Insights Other 4

5 NetSuite Budgeting Setup Budgets Budget Categories (requires Advanced Financials module) Classifications/Dimensions Distribute & Fill Copy Budgets (actual or another budget) Import Budgets Budget Versus Actual Reporting 5

6 DEMO

7 NETSUITE + ADAPTIVE INSIGHTS = BETTER TOGETHER March 2018

8 Agenda Adaptive Insights Overview Company background Industries we ve worked with Technology Overall NetSuite relationship Adaptive specific use cases Adaptive high level demonstration Who to reach out to 8

9 Poll #2 Where does budget/forecasting fall short? Ability to produce various reports such as standard financials, MTD/YTD/Variance reports, Trailing 12 months, Board package etc. Ability to consolidate multiple entities to support consolidated reporting activities Ability to run accounting and finance reporting packages using multi-dimensional reporting capabilities Ability to automate intercompany eliminations or support multi-currency conversion processes using multiple rates 9

10 Adaptive Insights by the Numbers 10

11 Easy, powerful, fast drive business success MANUFACTURING SOFTWARE NONPROFIT ENERGY & UTILITIES BUSINESS SERVICES FINANCIAL SERVICES TECHNOLOGY HEALTHCARE 11

12 Budgets, Advanced Financials or Adaptive Adaptive Insights Budgeting & Forecasting Consolidations & Reporting Streamline the budgeting process and eliminating and/or reducing the use of excel Ability to consolidate multiple entities to support consolidated reporting activities Support P&L, BS, and CF budgeting Ability to automate intercompany eliminations Standard NetSuite Budgeting Static line item on GL, budget repository Advanced Financials Module Multiple versions of static line item Expense Allocations Amortization Schedules Ability to do revenue planning by product line Ability to seed budget and forecasts using historical trends/results (i.e. actuals x % increase) Ability to support personnel planning at the individual employee level and at the FTE level to determine existing personnel costs and additional hiring needs Ability to support detailed capital expenditure planning Ability to support scenario planning and ad-hoc reforecasting Ability to support multi-currency conversion processes using multiple rates (i.e. historical, spot, and average rates) Ability to support US GAAP reporting Ability to run accounting and finance reporting packages using multidimensional reporting capabilities Ability to produce the following reports: Standard IS, BS, CF MTD, YTD, & Variance Reports Trailing 12 months Covenant reporting Quarterly & Annual Bank reports Board package 12

13 A Platform for Scalable, Enterprise-Wide Planning & Analytics Finance Sales Planning Workforce Planning Operational Planning Project Planning Analyze Model Variance Analysis, Ad Hoc Analysis Drill Anywhere Operations, Management and Board Reporting In-memory Integrated Planning & Analytics Platform Intuitive, Flexible, and Scalable Modeling Financial and Operational KPIs & Dashboards Report Monitor Purpose-Built Data Integration Platform 13

14 NetSuite Current Relationship #1 Cloud ERP + #1 Cloud CPM = 360 degree view of your business past, present, future NetSuite has been an OEM partner for 7 years, reselling Adaptive Insights as NetSuite Financial Planning 800 Joint customers 7 Years of joint integration development, marketing and selling Dramatically enhanced self-service reporting with fresh data from NetSuite Gain end of month variance analysis for all your custom and project dimensions Unparalleled integration between NetSuite and Adaptive for seamless planning with actuals Connected to NetSuite Saved Searches allows complete integration to NetSuite data and transactions Now a SDN Partner and will continue to build out strength of relationship for NetSuite Customers 14

15 Poll #3 Where does your current reporting fall short? Lack of automatic reporting packages Inability to control each column of data Ability to support detailed planning such as personnel at the individual employee which allow to determine personnel costs and new hire needs Ability to support scenario planning and ad-hoc reforecasting Ability to plan revenue by product line 15

16 ADAPTIVE INSIGHTS Demonstration

17 Who to reach out to? Contact your RSM NetSuite consultant for more information on any Adaptive questions or next steps 17

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20 RSM US LLP This document contains general information, may be based on authorities that are subject to change, and is not a substitute for professional advice or services. This document does not constitute audit, tax, consulting, business, financial, investment, legal or other professional advice, and you should consult a qualified professional advisor before taking any action based on the information herein. RSM US LLP, its affiliates and related entities are not responsible for any loss resulting from or relating to reliance on this document by any person. Internal Revenue Service rules require us to inform you that this communication may be deemed a solicitation to provide tax services. This communication is being sent to individuals who have subscribed to receive it or who we believe would have an interest in the topics discussed. RSM US LLP is a limited liability partnership and the U.S. member firm of RSM International, a global network of independent audit, tax and consulting firms. The member firms of RSM International collaborate to provide services to global clients, but are separate and distinct legal entities that cannot obligate each other. Each member firm is responsible only for its own acts and omissions, and not those of any other party. Visit rsmus.com/about us for more information regarding RSM US LLP and RSM International. RSM and the RSM logo are registered trademarks of RSM International Association. The power of being understood is a registered trademark of RSM US LLP. 20