🔔 Navigating NetSuite ERP: Workforce, Budgeting & Revenue Planning 🔔
In this video, we provide an in-depth guide to NetSuite’s ERP module, focusing on key areas such as Workforce budgeting, Opex budgeting, and Revenue planning. Learn how to effectively navigate the ERP side of NetSuite and utilize its powerful financial tools to enhance your business planning and forecasting.
We’ll show how to manage workforce costs, set up financial forecasts, and adjust assumptions in real-time, making the entire budgeting process streamlined and interconnected.
📝 Topics Covered:
Navigating NetSuite ERP and Workforce Budgeting
Opex Budgeting and Financial Statement Views
Adjusting Workforce Compensation & Budget Values
Revenue and Gross Margin Planning
Financial Forecasting & Variance Metrics
Scenario and Version Planning
How to Create What-If Models in NetSuite
Smart View Integration for Excel Reporting
🛠 What You’ll Learn:
How to adjust workforce and operating expenses in real-time
How to use NetSuite’s financial tools to manage revenue forecasting
Insights into customizing assumptions for better financial accuracy
Exporting and manipulating data using Smart View in Excel
Timestamps:
0:00 – Introduction to the ERP Side
0:06 – Accessing NPB and Workforce Budgeting Overview
0:23 – Exploring Workforce, Opex, Revenue, and Gross Margin Planning
0:29 – Financial Statement Views
0:48 – Balance Sheet Trending and Capital Planning
1:06 – Workforce Compensation Adjustments and Opex Interconnection
1:39 – Workforce Budgeting and Data Mapping
2:12 – Dimensions and Pre-Built Forms in Workforce Planning
3:38 – Modeling Workforce Changes and Role Transitions
4:07 – Splitting Cost Centers for Departments and Locations
5:00 – Entering Assumptions and Drivers in Workforce Budgeting
6:04 – Running “What-If” Scenarios for Workforce Changes
6:45 – Monthly Assumptions and Pay Scheduling for Hourly Employees
7:09 – Layering New Hires into Workforce Budgeting
8:15 – Employee Status Adjustments for Departures and Temporary Leaves
9:58 – Incorporating Tax Rates and Assumptions in Budget Planning
11:05 – Configuring Financial Rules in NetSuite
13:52 – Opex Budgeting and Audit Trails for Adjustments
17:12 – Using Historical Data to Adjust Payroll and Operating Expenses
21:07 – Predictive Planning for Sales and Revenue
23:59 – Revenue Planning for Service and Product Sales
26:04 – Gross Margin Planning and Adjustments
30:06 – Smart View for Advanced Reporting and Data Slicing
32:07 – Book Report Generation and Automated Reporting
39:41 – Variance Tracking and Reporting
41:01 – Creating Custom Financial Reports with Smart View
Make sure to stay until the end to learn about Smart View’s Excel integration, where you can enhance your reporting capabilities by connecting NetSuite directly with your Excel workbooks for real-time data syncing and manipulation!
🔍 For more detailed NetSuite tutorials, subscribe to our channel and hit the notification bell to stay updated!
#NetSuiteERP #NetSuiteBudgeting #FinancialPlanning #RevenueForecasting #BusinessAutomation #WorkforceBudgeting #ExcelSmartView #NetSuiteTutorial
