NETSUITE ADVANCED FINANCIALS Complement Netsuite with Budgeting, Expense Management, Flexible Billing and Statistical Account Functionality

NETSUITE ADVANCED FINANCIALS Complement NetSuite with Budgeting, Expense Management, Flexible Billing and Statistical Account Functionality

NetSuite Advanced Financials brings complementary financial management Key Capabilities • Supports management of multiple budgets. functionality to NetSuite, including • Enables monitoring of budget versus actual budgeting, expense allocations in real-time. and amortization, flexible billing • Allocate expenses by GL account, class, management and statistical accounts. department and location. It helps ensure strong financial • Link amortization schedules to bills, bill credits, jobs and more. management by managing and • Set up flexible billing schedules. monitoring budgets versus actuals. • Allows assignment of billing schedules With expense management capabilities, based on sales order line items. NetSuite Advanced Financials provides • Integrates billing with sales commissions sophisticated expense allocations that and sales forecasts. make it simple to assign expenses • Statistical accounts to store non- based on typical weightings, while monetary values. amortization schedules enable expenses to be amortized over time with ease.

www.netsuite.com With NetSuite Advanced Financials, finance departments can further automate billing Key Benefits processes and eliminate the manual work • Get clear real-time visibility into budgets. typically associated with billing customers. It • Improve productivity with automated enables the creation of highly customized billing expense allocation and amortization. schedules and templates, and automates the • Spend less time on manual billing creation of invoices based on different types processes. of orders. It even provides milestone billing schedules that ensure work is billed as it is • Calculate allocations dynamically using completed according to a service contract. statistical accounts. Also, perform advanced allocations using statistical accounts. for the same set of criteria, such as typical Budget Management and Reporting budget or a conservative budget scenario. • NetSuite Advanced Financials makes it easy to track and manage budgets. • For budget reporting, NetSuite Advanced Financials provides Budget Income • Simply enter budgets for accounts on a Statement and Budget vs. Actual reports, single screen, or use the Copy Budgets and enables you to create your own specific feature to rapidly create an entire budget budget reporting. based on another budget, or on actuals together with an uplift/downlift. Alternatively, Expense Allocations create budgets in Excel and import them • With NetSuite Advanced Financials Expense via CSV. Allocations, it’s easy to enter expenses without assigning them to classes, departments or • The Multiple Budgets feature allows you to locations, and later allocate them according set up and report on more than one budget to a weighted formula. Allocation schedules

Statistical accounts can be used for reporting non-monetary values.

© NetSuite Inc. 2016 Page 2 can be used once or set up to recur on a • Integrates billing schedules into sales regular basis. forecasts, spreading future billings based on the billing schedule across the forecast • Dashboard reminders notify you when active revenue period. allocation schedules need to be processed. After reviewing, you can create the journal • Provides customers with self-service entry for all the schedules with a single click. capabilities that let them manage their own billing plans, payment options, and Amortization Schedules demographic information. • Amortization schedules enable automated amortization of expenses over time and • Ties billing schedules to sales commissions streamline processes such as the amortization when combined with the Incentive of prepaid expenses. Management module, enabling billing schedules to be factored into • Amortization schedules can also be linked to estimated commissions. jobs to amortize expenses in proportion to a job’s percentage of completion. Statistical Accounts • Store values for your most critical non- Advanced Billing Management monetary data such as headcount, floor • NetSuite Advanced Financials Billing space and common shares. Management provides effective management of recurring revenue-based • Automatically allocate financial activity billing process including billing customers across the business proportionately (e.g. one time or on a recurring basis, managing allocate corporate overhead costs across different payment terms and billing in departments based on headcount, allocate advance or arrears with proration. rent expense based on square footage, etc.).

• NetSuite supports integrated revenue • Run multiple allocation schedules in recognition functionality. specific sequences.

• NetSuite makes it easy to set up billing schedules to accommodate many types of sales, such as billing plans based on installments, or that require a set amount for an initial payment.

• Billing schedules can apply to an entire sales order, or to each item in a sales order. Supports the creation of billing schedules on the fly from an estimate or sales order. NetSuite Advanced Financials provides easy-to-use budget management.