📊 NetSuite Planning and Budgeting: Full Demo and Key Features - In this video, we dive into NetSuite’s Planning and Budgeting module, a powerful tool that helps you forecast, budget, and create various financial scenarios for your business. We'll take a look at how you can manage operating expenses, revenue planning, and perform top-level adjustments or bottom-up forecasts with ease.
From workforce planning, cash flow projections, and scenario analysis to customizable reports, this demo covers everything you need to know about utilizing NetSuite to plan and track your business’s financial performance. Whether you're adding new locations or adjusting projections, this system ensures seamless integration between actuals and forecasts, giving you real-time data to make informed decisions.
⏱️ Timestamps:
0:00 - Accessing the Planning and Budgeting Template
0:16 - Planning and Budgeting Landing Page: Out-of-the-Box Features
0:57 - Workforce Planning Overview: Employee, Contractor, and W2 Management
1:24 - Top-Down and Bottom-Up Forecasting Explained
1:41 - Out-of-the-Box Financial Statements
2:20 - Reporting and Analytics: Tracking Performance to Budget
3:09 - Starting with Operating Expenses in a Bottoms-Up Forecast
4:00 - Implementing Location-Based Planning for Multi-Store Businesses
5:54 - Rolling Forecast and Historical Data Integration
7:01 - Adjusting Forecasts with Top-Level Changes
9:04 - Best Case, Worst Case, and Scenario Planning in NetSuite
10:06 - Add-Back Approach: Spreading Adjustments Across Time Periods
12:09 - Customizing Forecasting at Different Levels
13:20 - Managing Accounts and Adjusting Forecasts at the Studio Level
15:02 - Building and Managing a 13-Week Rolling Cash Flow
17:07 - Projecting Loan Payments and Other Liabilities
18:32 - Setting Up a Projected Balance Sheet and Working Capital
20:25 - Driver-Based Balance Sheet and Cash Flow Forecasting
22:25 - Creating Assumptions for Key Financial Drivers
24:23 - Managing Loans, Liabilities, and Interest Payments in Projections
28:10 - Analyzing Consolidated Views of Financial Data
30:44 - Customizing Financial Reports and Scenarios
35:01 - Workforce Planning and Payroll Assumptions for Location-Based Employees
39:05 - Adjusting Compensation, Benefits, and Pay Rates in Workforce Planning
44:20 - Smart View Integration for Excel-Based Analysis and Customization
48:50 - Planning for New Locations: Cash Flow and Expense Projections
50:08 - Creating What-If Scenarios for Business Expansion
52:00 - Scenario Planning for New Locations: Revenue and Expense Integration
55:32 - Building Financial Models for Future Growth in New Markets
🚀 See how NetSuite’s Planning and Budgeting module can help you make smarter financial decisions and grow your business efficiently.
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