NetSuite Cash 360 empowers customers to manage cash flow
Oracle NetSuite is introducing NetSuite Cash 360 to help businesses make more strategic cash decisions and improve forecasting.
Embedded within NetSuite, Cash 360 enables customers to effectively manage cash flow by providing a real-time view of their cash position and the ability to generate fast and accurate near-term forecasts, according to the vendor.
Cash 360 also simplifies cash management by providing a configurable dashboard that can include links to key cash management activities – displaying reminders of tasks that need to be taken care of, current cash balance, accounts payable and accounts receivable balances, cash flow trends, and a rolling six-month cash flow forecast.
“Insufficient cash flow is the main reason new businesses fail in the first five years, but despite it being such a critical area, many businesses struggle with cash management due to poor visibility and an inability to accurately forecast,” said Gary Wiessinger, SVP of product management, Oracle NetSuite. “NetSuite Cash 360 turns a complex process into a simple one by giving customers everything they need to effectively manage cash flow to help ensure they have the cash reserves to maintain day-to-day operations, pay employees and suppliers, fund sales and marketing efforts, service debt, acquire capital equipment, and make other long-term investments.”
Cash 360 is an automated solution embedded within NetSuite, improving forecast accuracy and saving finance departments time by directly accessing NetSuite data.
With Cash 360, NetSuite customers can take advantage of a simplified and accelerated cash flow forecasting process to give them greater confidence in their financial decision making.
The combination of Oracle NetSuite Cash 360 with other NetSuite capabilities, such as billing automation, bank reconciliation, approval workflows, and budget validation, gives businesses added accounting efficiencies, greater control of cash inflows and outflows and more flexibility when making financial decisions, according to the company.
For more information about this news, visit www.netsuite.com.