budgeting and forecasting with netsuite - rsm us€¦ · •depth of netsuite expertise...

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BUDGETING AND FORECASTING WITH NETSUITENetSuite Planning and Budgeting Cloud Service (PBCS)

February 12, 2019


Welcome to our NetSuite Users


Presenters

Derek von HartmannNetSuite PBCS Account ExecutiveOracle NetSuite

• Territory Sales Manager – Adaptive Insights• Channel Partner – SAP/BusinessObjects• Sales/Pre-Sales – Hyperion Solutions/Essbase• Budget Manager – Aerospace Industry

Carl AndersonManager | Technology & Management ConsultingRSM • Management Consulting

• Director – Corporate FP&A, Retail• Controller – Pharmaceutical Distribution• Financial Analyst – Corporate FP&A – Automotive

Industry


CURRENT STATEFINANCE AND OPERTATONAL PLANNING


FRUSTRATED WITH YOUR SPREADHSEETS?

Source: Ventana Research, 2015

Of companies still use spreadsheets across planning and forecasting processes

70%


YOU’RE NOT ALONE

Are buried in basic duties with little time for more analytical work

62%

Source: Ventana Research, 2015


TYPICAL SPREADSHEET CHALLENGES

• Stale data not automatically updated from source systems

• Manual auditing of formulas wastes time and leads to undetected errors

• Lack of scalability and process control across many users

• Limited reporting and analysis• Poor visibility across the organization• Limited scenario analysis and manual

“version control”


Technology Enabled Agile FP&A

Agile Finance Functions are reporting higher levels of productivity, efficiency and responsiveness to changing trends

Unified Business

Applications

Corporate Performance Management

Analytical Tools

Financial Close

AutomationCommunication

and Collaboration

ToolsRemote Accessibility

Technology Optimizations


MODERN PLANNING & FORECASTING DRIVES PERFORMANCE

Organizations that are effective at integrating financial and operational data, embedding analytics in every process, and using advanced analytical techniques to predict future trends outrank their peers by 70% on measures of profit and revenue.

Source: IBM CFO Study, 2014


WHAT IS PBCS?Planning & Budgeting Cloud Service


PBCS…IS NOT NEW

February 2014 First Cloud Product Launch (10 Releases +)

2,500+ Customers

300+ NetSuite Customers

Deployments Across Industries15 Years of Product Innovation

Financial Services, Higher Ed, Consumer Goods, Retail, Not for Profit, Services, High Tech, Public Sector

Hyperion Solutions Corporation Silicon Valley

Essbase Databases are often called "Cubes"

“One of the 10 most influential technology innovations”

- Information Age

Oracle Acquisition of Hyperion – 2007 $3.3B


GartnerMagic

Quadrant

Source: Gartner (July 2018)


With more than 1,500 customers, Oracle’s cloud EPM solutions exhibit good usability and configuration flexibility and have strong capabilities to manage iterative planning and reporting processes. The overall EPM portfolio is well-rounded across planning, reporting, and analysis and has depth in financial consolidations, external reporting, and management reporting.


STANDARD VS ADV FIN VS NETSUITE PBCS

• Holds one budget• Budget built in xls and imported• No combine Actual and Forecast• No dynamic drivers in NS

• Holds one budget• Budget built in xls and imported• No combine Actual and Forecast• No dynamic drivers in NS

Standard NetSuite BudgetingStandard NetSuite Budgeting• Multiple versions Standard budget• Versions use same criteria• Expense Allocations weighted• Set up amortization schedules• Budget drivers remain in xls

• Multiple versions Standard budget• Versions use same criteria• Expense Allocations weighted• Set up amortization schedules• Budget drivers remain in xls

Advanced Financials ModuleAdvanced Financials ModulePlanning & Budget Build• Built in approval process/workflow• Copy versions, rename and adjust• Auto consolidationForecast/Modeling• Revenue, Expenses, HC and more• Financial and non-Financial data• Cashflow forecasting• What-if scenariosReporting• Drag and drop report builder• Monthly and YTD variance• Pre-built integration to GL

Planning & Budget Build• Built in approval process/workflow• Copy versions, rename and adjust• Auto consolidationForecast/Modeling• Revenue, Expenses, HC and more• Financial and non-Financial data• Cashflow forecasting• What-if scenariosReporting• Drag and drop report builder• Monthly and YTD variance• Pre-built integration to GL

NetSuite PBCSNetSuite PBCS


The Last Application

Integration

Flexibility

Scalability

• Automated Data Movement from All Dimensions in NetSuite

• Include all Dimensions Needed for Planning Purposes using 1 integration

• Easy two step process to update Accounts from ERP to FP&A

• Security can assigned in multiple ways providing a flexible approval path designed by the customer

• Flexible Workflow to include/exclude/delegate any user

• Reports : Format as Needed, Automated Report Distribution

• Do Not Limit Your Analysis based on Data Volume

• Oracle’s commitment to the Cloud : #1 Cloud ERP + #1 Cloud FP&A

• Well-established support eco-system - certified Oracle EPM partners -deploying/optimizing solutions


Why Use Performance Management in Conjunction with NetSuite

• Centralize and improve the budgeting and forecasting process• Improve financial and operational results with increased

transparency• Streamline financial consolidations and effectiveness of reporting• Reduce month end close and reporting cycles• Increase the adaptability of the organization to rapid changes in

the business climate• Integrated platform with NetSuite Financials


Value of Working with RSM

• Depth of NetSuite expertise• Experienced implementation teams with strong client

understanding across industries• Focus on end to end processes with application functionality in

mind• Collaborative approach creating fully integrated solution between

NetSuite and PBCS

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Building a Business Case

• Evaluate the time spent in conducting the planning and reporting cycles

• Gain an understanding of the key business needs to be solved• Identify key executive sponsor and internal advocates• Build the vision• Engage the entire organization not just finance

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Implementation Best Practices

• Understand Key Business Drivers• Document processes• Holistic review of record to report• Understand the technology• Training and skills set development• Technology roadmap• Focus on early wins to build credibility• Develop the applications with business cases in mind

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PBCS Demo


RSM Contact Information

Carl AndersonManager | Technology & Management ConsultingRSM US LLPD: 215.648.3275 [email protected]

Justin KernDirector | Technology & Management ConsultingRSM US LLPD: 317.805.6210 [email protected]


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