Oracle NetSuite has launched Cash 360 as part of its NetSuite ERP system.
The new solution helps users better manage their cash flow with a real-time view of their cash position and the ability to quickly generate accurate near-term forecasts based on a wide range of data, such as funding sources, planned expenditures, sales forecasts and billing scheduled. It also includes a configurable dashboard to display current cash balances, accounts payable and receivable balances, a rolling six-month cash flow forecast, and important reminders.
“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, senior vice president of product management, in a statement. “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.”
Separately, the company announced Project 360, a new dashboard in its
“One of the biggest challenges facing services businesses is lack of visibility into project status, budget, and forecast, which hinders project managers’ ability to easily gauge project health and act if needed,” said Wiessinger in a statement. “Project 360 [provides] customers with a unified view across projects, customers, employees, and financials, enabling project managers to be more proactive and take steps to keep projects on time and on budget.”
The Project 360 dashboard helps project managers better handle and manage budget analysis, billing, project profitability, resourcing, project status, client information and more.
