Oracle NetSuite has launched Money 360 as a part of its NetSuite ERP system.
The brand new answer helps customers higher handle their money circulation with a real-time view of their money place and the power to rapidly generate correct near-term forecasts based mostly on a variety of knowledge, akin to funding sources, deliberate expenditures, gross sales forecasts and billing scheduled. It additionally features a configurable dashboard to show present money balances, accounts payable and receivable balances, a rolling six-month money circulation forecast, and necessary reminders.
“Inadequate money circulation is the principle motive new companies fail within the first 5 years, however regardless of it being such a important space, many companies wrestle with money administration resulting from poor visibility and an incapability to precisely forecast,” stated senior vp of product administration Gary Wiessinger, in a press release. “NetSuite Money 360 turns a posh course of right into a easy one by giving prospects every thing they should successfully handle money circulation to assist guarantee they’ve the money reserves to take care of day-to-day operations, pay workers and suppliers, fund gross sales and advertising and marketing efforts, service debt, purchase capital tools, and make different long-term investments.”
Individually, the corporate introduced Mission 360, a brand new dashboard in its NetSuite SuiteProjects to assist services-based companies higher handle initiatives for purchasers. It affords a central place to assessment key metrics, experiences, statuses and sources.
“One of many largest challenges dealing with companies companies is lack of visibility into undertaking standing, finances, and forecast, which hinders undertaking managers’ capability to simply gauge undertaking well being and act if wanted,” stated Wiessinger, in a press release. “Mission 360 [provides] prospects with a unified view throughout initiatives, prospects, workers, and financials, enabling undertaking managers to be extra proactive and take steps to maintain initiatives on time and on finances.”
The Mission 360 dashboard helps undertaking managers higher deal with and handle finances evaluation, billing, undertaking profitability, resourcing, undertaking standing, consumer info and extra.