What’s the Importance of a Financial Planning and Control Solution to be Native in NetSuite?
July 25, 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.