NetSuite launches budgeting and planning tools

Get a free Techzine subscription!

Oracle’s NetSite platform gets a new interface and more budgeting and scheduling tools. This links benchmarks of various industries to KPIs in the editions of NetSuite for retailers and software companies.

“We are launching industry-specific planning and budgeting services to give customers visibility,” said Jason Maynard, senior vice president of global field operations. Specifically, it concerns SuiteSuccess for Planning and Budget Cloud Services, also known as PBCS.

The planning services are therefore sector-specific and tailored to the different requirements of different ‘verticals’. PBCS contains forecasts, collaborations, planning models and navigation flows for groups in sales planning, expense management, executives and analysts.

NetSuite’s strategy is to adapt its platform to various vertical or vertical markets. NetSuite includes everything from advertisers and marketing agencies to e-commerce and consulting, energy, production, transport and software-as-a-service companies. The company has added various product updates for different industries. These updates will be announced at the SuiteWorld conference that started on Monday.

Other updates

Thus comes a starter edition of the service in an attempt to make spreadsheets unnecessary, which still dominate the world of planning and budgeting. In addition, the Bronto service will be integrated into SuiteCommerce. Bronto is an email marketing platform designed to stimulate commerce. The integration makes it possible to link e-mail campaigns directly to returns on investment and KPIs.

NetSuite also adds global financial management tools to its platform. These include multi-currency spending and the ability to trade globally. Localized versions for trading are available in China, France, Germany, India, Japan, Mexico, Singapore and the United Kingdom.

Last Monday, the company also launched SuiteLife, a program for resellers and partners to sell and deliver NetSuite within 90 days. The program includes training and tools on various business functions, product areas and industries.

This news article was automatically translated from Dutch to give Techzine.eu a head start. All news articles after September 1, 2019 are written in native English and NOT translated. All our background stories are written in native English as well. For more information read our launch article.