Oracle NetSuite Planning & Budgeting (NSPB) is a planning and budgeting tool that utilises market-leading, sophisticated functionality to enable critical business decisions to be made more quickly and effectively.
NetSuite Planning and Budgeting automates labor-intensive planning and budgeting processes so finance teams can quickly and easily produce budgets and forecasts, model what-if scenarios and generate reports — all within one collaborative, scalable solution. With less time spent on manual consolidation, troubleshooting, reporting and data loading, finance staff can reallocate time from data entry and formula maintenance to strategic analysis activities that have a greater impact on the company’s financial position.
The NSPB Sync SuiteApp enables, to extract accounting reports from NetSuite saved searches and use them in Oracle Planning and Budgeting Cloud Service (Oracle PBCS). With this SuiteApp, we can define saved searches with the data that we need for planning and budgeting. Through the use of Data Management in Oracle PBCS, we can execute saved searches and then download the results to use in Oracle PBCS.
Its a NetSuite Add-On Module. NetSuite Add-on Modules are offered in bundles specific to your industry and can be licensed separately at any time during your NetSuite contract.
We can install NSPB Sync from Suite Bundle for free(Suite Bundle No.168463), but to use and get support for NSPB Sync, we must license this product.
Uses of NSPB
- Reduced Planning Cycle Times. Templates and workflows make it easy to gather inputs and assumptions.
- Accurate Information. Pre-built synchronization with NetSuite ERP ensures real-time, accurate financial and operational data is used.
- Align the Organization. All stakeholders are connected in a single environment, eliminating emails and spreadsheets.
- Increased Transparency. Everyone is entering data consistently and using the same processes, so all changes are tracked.
- Improved Forecast Accuracy. Regularly compare and analyze actual versus projected results to refine forecasts.