Project management

NetSuite begins analytics overhaul with cash and project management dashboards

The NetSuite subsidiary of Oracle Corp. today added cash flow and project management functionality to its enterprise resource management software for small and medium-sized businesses.

Cash 360 is the first in a line of redesigned dashboards the company plans to roll out later this year. Configurable interfaces consolidate what were previously discrete functions in other modules into a single view that accesses NetSuite data.

“This is the next iteration of dashboard technology that builds on the reinvigoration of our analytics portfolio,” said Paul Farrell, vice president of industry product management at NetSuite. . “The feature has always been there, but it’s been in multiple places.”

Cash 360 provides a real-time view of cash positions and analytical tools that can be used for short-term forecasting. It includes links to cash management activities such as reminders of upcoming tasks, current cash balance, payable and receivable balances, cash flow trends, and a six-month cash flow forecast.

NetSuite said insufficient cash flow is the number one reason new businesses fail in the first five years. New cash flow forecasting tool integrates multiple data points – such as funding sources, planned expenses, sales forecasts and billing schedules – and applies historical averages to current transaction data to estimate recoveries and disbursements. Users can incorporate one-time cash inflows and outflows, such as financings or capital investments, into forecasts to project cash requirements and assess liquidity.

Another new dashboard – Project 360 – is based on NetSuite SuiteProjects, a component of the product suite that combines customer relationship management, human resources and accounting, and enterprise resource planning into one view. unique key metrics, reports, statuses and resources to help users. identify projects that need attention more quickly, the company said. SuiteProjects is not intended to be a standalone project management system, but has features that are of greatest value for service engagements, Farrell said. “It pulls everything together and it’s much easier to show what areas project managers should be looking at,” he said.

The interface comprises several functional modules. A project budget analysis component shows whether there is enough budget left to complete a project by analyzing spending and allocation. The project billing shows the currently billable amount and what has not yet been billed. A profitability module determines whether a project is achieving the desired profit based on recognized revenue and total costs to date.

Project resources represent resources dedicated to a project with names and photos of team members, Gantt chart visualization, and information about the time each resource spent on the assignment. Project health and status describes information such as current billing and revenue, budgets, resources, and finances.

All have drill-down features as well as the ability to attach emails and documents to timelines.

Both new dashboards will be integrated into existing NetSuite subscriptions at no additional cost.

Photo: NetSuite

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