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NetSuite Perfects Planning for Organizations Across Industries

New Integrated, Industry-Specific Planning and Budgeting Cloud Services Give Customers Instant Visibility into Performance and Facilitate Real-Time Decision Making

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To give customers instant visibility into performance and facilitate real-time decision making, Oracle NetSuite announced a new planning and budgeting cloud service that is integrated within NetSuite. The new SuiteSuccess for Planning and Budgeting Cloud Services are industry cloud solutions that enable organizations of any size to implement a world-class planning and budgeting solution that tracks performance against real-time planning and is tailored to their distinct industry requirements in as little as 30 days.

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“The pace of business today means that planning can no longer be solely based on historical data or generic, one-size-fits-all templates and instead it needs to be living and breathing process that is integrated into daily operations, designed for distinct industry use cases and constantly updated with real-time performance data and insights,” said Gary Wiessinger, SVP of Product Management, Oracle NetSuite. “To meet this demand and help organizations of all sizes improve decision making, our new Planning and Budgeting Cloud Services are integrated within NetSuite and include leading practices and models that are purpose built for individual industries. This combination clearly sets it apart from competitive solutions and enables our customers to achieve faster time to value.”

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The new Planning and Budgeting Cloud Services (PBCS) integrate planning and budgeting capabilities within NetSuite and support all market segments with starter editions and extended capabilities for larger organizations. This enables organizations of all sizes to facilitate company-wide and departmental planning with modeling capabilities, approval workflows and reporting within one collaborative and scalable solution. With PBCS, customers can gain immediate insights into the state of business plans by using intuitive and easy-to-create dashboards and reports that are instantaneously refreshed using in-memory calculations and fast aggregations. This enables customers to improve:

  • Forecasting: PBCS enables customers to forecast for complex business what-if scenarios by using ad-hoc scenario modeling, sandbox and predictive features.
  • Collaboration: PBCS enables customers to collaborate across the enterprise or with specific groups of users using data-driven, dynamic approvals powered by a state-of-the-art workflow process.
  • Planning Models: PBCS enables customers to define planning models for a specific line of business or create unified models for the company as a whole.
  • Navigation: PBCS enables customers to create navigation flows that are tailored for groups of users based on their usage needs. For example, sales planners, expense planners, financial analysts, executives, etc. can all have their own navigation flows.

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PBCS is available in seven industry editions, including warehouse distribution, manufacturing, marketing and advertising agency, software, retail, services and nonprofit. It is part of SuiteSuccess, a unified and pre-configured industry cloud solution that is built on industry leading practices. By combining deep domain knowledge with pre-built KPIs and dashboards, SuiteSuccess helps customers achieve the benefits of the cloud in as little as 45 days.

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