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NetSuite Planning and Budgeting Cloud Services (PBCS)

Sikich

Mar 21 2018

3 min read

We are excited to now be able to offer Oracle’s PBCS (Planning and Budgeting Cloud Service). We are able to assist our NetSuite clients with the NetSuite version. The only difference between the Oracle version and the NetSuite version is that NetSuite includes its Planning and Budgeting Cloud Services integration. For our non-NetSuite clients, we can help you implement Oracle PBCS.

With NetSuite PBCS you can do the following all within NetSuite:

Contains built-in workflow and approvals, allowing you to always know where you are in the budgeting process.
Build advanced budgets and forecasts that’s fully integrated to NetSuite.
Create advanced dashboards that combines data from multiple data sources including data sources other than NetSuite or your core ERP. For example, if you are using Salesforce with NetSuite, you can create a dashboard that combines data from both systems.
Use sandboxes to create multiple what-if scenarios.
Use attributes to combine and analyze data in ways that don’t have to be defined inside your ERP system.
The Smartview feature provides integration with Microsoft Office. You can easily create ad-hoc reports and queries directly from Excel without needing to understand underlying data structures. Smartview also integrates with Word and PowerPoint, allowing you to easily create your Board Reports.
Since it is built on the Oracle Hyperion platform, you know it’s both powerful and scalable.
You can build business rules right in and build complex calculations as necessary.
Because it’s in the cloud, it’s fast to deploy.

Business Reasons to Consider PBCS

Finance is expected to do more with less, with fewer errors, in less time.
Excel spreadsheets make finance more difficult due to the following:
- Data inaccuracy – 90% have errors
- Wasted time – 75% of time is spent rekeying and manually rolling up data
- Outdated – 64% of plans are obsolete by the time they have been put into effect
Multiple what-if scenario analysis is very difficult if not impossible.
Budget cycles take way too much time and effort.

Key benefits of PBCS

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!
38% less time in planning process
32% less time creating management reports
12% increase in forecast accuracy

NetSuite Planning and Budgeting Cloud Services can be quickly and easily using our Planning 101 implementation that includes the following features:

Operational Expense Planning
Capital Expense Planning
Revenue Planning
Personnel Planning
Income Statement, Balance Sheet, and Statement of Cashflow
Smart View Office Integration
NetSuite integration (of course)

NetSuite Planning and Budgeting Cloud Services

View this product overview video for more information and see a high level demonstration of NetSuite PBCS.

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About the Author

Sikich

Sikich is a global company specializing in technology-enabled professional services. With more than 1,900 employees, Sikich draws on a diverse portfolio of technology solutions to deliver transformative digital strategies and is comprised of one of the largest CPA firms in the United States. From corporations and not-for-profits to state and local governments and federal agencies, Sikich clients utilize a broad spectrum of services* and products to help them improve performance and achieve long-term, strategic goals. *Securities offered through Sikich Corporate Finance LLC, member FINRA/SIPC. Investment advisory services offered through Sikich Financial, an SEC Registered Investment Advisor. 