27 May, 2022

How NetSuite Cash 360 Helps Businesses Optimize Cash Flow 

As firms are exploring ways to make effective financial decisions and enhance the accuracy of predictions in that sector, NetSuite Cash 360 is proving to be an effective solution. It was on January 19, 2022, that the automated solution was unveiled in an attempt to help organizations make pragmatic decisions in terms of finance. It helps firms handle cash flow more effectively by offering a real-time picture of their finances and the ability to generate quick and accurate near-term forecasts.  

Cash 360 saves the accounting department’s time and improves the accuracy of predictions. NetSuite customers can use this solution to benefit from an easier and more expedited financial planning process, giving them more confidence in their monetary choices. Let’s have a look at its key features.

Cash Management: A new dashboard that helps customers increase cash flow visibility by monitoring invoices, payments, and cash reserves in real time. Customers can evaluate current cash flow trends as well as a continuous six-month forecast about the same to make better decisions. 

Clients can calculate revenue in a better manner, considering multiple data points such as funding sources, planned spending, sales forecasts, billing schedules, and applying historical averages to recent AR and AP transaction data. Cash 360’s configurable solutions allow clients to include one-off cash inflows and outflows such as financing and equity investments in their forecasting process.   

When the automated solution is combined with other NetSuite features like automated billing processes, reconcile bank, workflow, and budget verification, the accounting efficiency of businesses is enhanced and there is better control over cash inflows and outflows apart from more flexibility when making financial decisions.

Oracle NetSuite in a Nutshell

For more than two decades, Oracle NetSuite has been assisting businesses around the world in growing, scaling, and adapting to change. Over 28,000 clients spread across 215 countries and dependent territories utilize its comprehensive solutions, which incorporate financial statements / Enterprise systems (ERP), inventory control, HR, business services automation, and omnichannel commerce.  

Reach out to us to learn more about NetSuite Cash 360.