What’s the Importance of a Financial Planning and Control Solution to be Native in NetSuite?

April 13, 2021

VIDEO — It’s vital that a financial planning and control solution be native in NetSuite. Why is that? What’s the risk of a solution that isn’t?

Sometimes departments, chart of account, location, or other segments, are managed in two or more different places. When this happens it’s a nightmare. A tool like NetSuite planning and budgeting is all auto-saved and it keeps everything in one place, saving everything through the native integration. That’s the key.

If I have budget data in system X, and also within NetSuite ERP, if they get out of sync or if there’s a time lag, or if one of the systems happens to be down, then you have trouble completing the procurement process.

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