- Single Entity Only
- Weekly Cash Planning
- Revenue Based Accounting
- Highly Automated Forecasts
- Single Lifetime Forecast
Liquidity Manager is able to help you plan and forecast - starting with your available cash resources and the information held in your NetSuite accounting data.
Unlike the spreadsheet alternatives, Liquidity Manager is an integrated part of NetSuite. Much of the data needed for forecasting is already in your NetSuite system, and we leverage that data (bank balances, sales orders / invoices due, purchase orders / bills due, customer receipts and vendor payments) so that you have an easy to use, efficient planning system.
Developed with 100% built-in NetSuite tools - principally "SuiteFlow", the workflow manager that's embedded in NetSuite - this makes it easy for you to implement and customise.
The User Interface is precisely the same as "standard" NetSuite, making it easy to operate for existing users.
Once set up and running, Liquidity Manager operates on a ROLLING FORECAST basis so that you only have to update existing information, and you never have to re-enter. You can roll forward every month-end, quarter-end or year-end at your discretion. Rolling forward sets a new start date to the calendar. The data stays the same.
With Liquidity Manager you will be able to:
Utilising the standard NetSuite Financial and Advanced Transaction and Entity Management, all versions of Liquidity Manager are built within the high specifications required to work seamlessly on the NetSuite platform.
Just as every NetSuite implementation is uniquely tailored to the customer's individual needs, so the cost of implementation varies between organisations. To discuss your particular requirements, please:
Rapid record integration routines are included so that the bundle can be rapidly implemented. Based on the prior set up of Customer and Vendor Groupings each entity can be integrated with a single click.
NetSuite Key Performance Indicators are used to generate "real-time" dashboard views of Sales (customer group and sales channel), and profitability. Profit statements are subtotalled at Turnover, Gross Margin, Administrative Overhead, Operating Overhead and Financial Overhead to give cash-based Net Profit.
NetSuite bank records are customised to hold more data and contact information. This includes predicted period end balances for the whole forecast period. These are fully reconciled with opening balances, payments out and receipts.
NetSuite Customer Receipts and Bill Payments are automatically posted as cleared forecast entries.
Banking sessions are used to match transactions already in the forecast to session-end bank statements. Statements can be balanced daily, or as frequently as users want. Routines exist to automatically write off closing differences.
Forecast Entry records can be updated from lists - by flow stream, by weekly and daily forecasts and during bank reconciliations. Changing the amounts or expected clearance dates is done in spreadsheet-like processing.
The system comes with a preset 2-level Chart of Accounts that's easy to modify and is linked to the KPI reporting system for easy start-up, based on NetSuite General Ledger codes.
Payment and Collection reminders appear in the Reminders portal when due or overdue. The system also reminds when bank reconciliations and period ends become overdue.
Part payments of amounts due generate an Outstanding amount reference that can be seen in the Outstanding Payments list attached to the forecast manager and in the Reminders portal.
The register contains all the forecast transactions used in the system. It is simple to use and performs the future analysis in the same way as a GL entry is used to report historical performance
Users can enter up to 3 critical dates with reasons (such as next pay day, next rent day, next dividend day) and the balance at all banks is shown.
The system comes with Online help, Quick Reference Guides, and a comprehensive Operating Manual. The Online help is (a) field specific, (b) form specific, (c) transaction contextually specific and (d) workflow process specific. There is an Online tutorial for those who like to self teach.
Enter previous years bank details for cash based accounts and instant comparisons between periods.
Approved by NetSuite.