What is NetSuite and how does it work?

NetSuite is the world's leading cloud-based Enterprise Resource Planning (ERP) suite, providing integrated business management capabilities to over 42,000 organizations globally. As a comprehensive SaaS platform, NetSuite unifies finance, operations, commerce, and customer relationship management within a single system, eliminating data silos and enabling real-time visibility across all business functions.

Benefits of Integrating NetSuite with Abacum

The NetSuite-Abacum integration empowers finance teams to transform operational data into strategic insights, combining NetSuite's robust ERP capabilities with Abacum's flexible FP&A platform for faster, more accurate financial planning and analysis.

• Sync real-time financial data from NetSuite's general ledger, accounts receivable, and accounts payable directly into Abacum's planning models

• Automate variance analysis by comparing NetSuite actuals against Abacum budgets and forecasts without manual data exports or reconciliation

• Build driver-based planning models that leverage NetSuite's operational metrics including inventory levels, customer data, and sales transactions

• • Accelerate month-end reporting by automatically pulling consolidated financials from NetSuite into Abacum's customizable dashboards and reports

• • Enable multi-entity planning and consolidation using NetSuite's subsidiary data to create unified forecasts across business units in Abacum

• • Connect revenue recognition data from NetSuite with Abacum's revenue planning tools for more accurate SaaS metrics and subscription forecasting

• • Streamline headcount planning by integrating NetSuite's HR and payroll data with Abacum's workforce modeling capabilities

• Maintain data integrity with automated, scheduled syncs that ensure planning assumptions always reflect the latest operational reality from NetSuite