What is the Oracle NetSuite project 360?
It is a collaboration and cloud-based project management tool. This helps the project manager to manage the project from start ( planning, tracking) to end ( Completion).
On 19 January 2022, Oracle network announced a dashboard inside the NetSuite suite projects for service-based businesses. So they can easily and effectively manage their client's projects.
In the Oracle Netsuite project 360 the product manager will get access to all the necessary project information such as status, reports, and resources from suite projects. The advantage of this is the project manager doesn't have to spend unwanted time on projects and can create a project according to its requirements within less time.
In project 360 you will not only get the project information but also get customers, finances, and employees' information which enables the manager to complete projects on time and within budget.
Table of Contents
What project manager can utilize in the Netsuite project 360?
1. Task management = it helps to manage or track the progress of the task by which the project manager can satisfy their customers by delivering the project on time.
2. Resource Management = In this project managers can effectively use their resources such as budget, staff, etc.
3. Time tracking = It is used to track the time required to complete an individual task. So, whenever the manager wants to complete multiple projects in the same order. He/She will know the exact time for the completion of projects.
4. Budget Analytics = In project 360 you will know if the budget is sufficient or not to complete and deliver a project.
5. Profitability of the project = It also helps to determine if the project is profitable or not by analyzing the total cost of projects.
How do I create a project in NetSuite?
7 steps are required to create a project in Netsuite
1. log in to the Netsuite account
2. Click on the projects section at the top navigation bar.
3. Press on Create Project button
4. Enter the essential details of the projects for instance: name, description, etc.
5. Assign the project to the project management team and set the role according to the requirements.
6. Set the budget required for the completion of the project
7. Click on the Save button
NetSuite Project 360 dashboard
NetSuite Project 360 dashboard displays your KPIs ( key performance indicators ), status, cost of projects, etc. It helps the project manager to identify faults in projects and rectify them to make sure that the project will complete accordingly to the time and within a set budget.
NetSuite dashboard overview video
NetSuite Project Budgeting and Expenses Dashboard
The budgeting and Expenses Dashboard helps the user to manage the cost and expenses spent on the project. It provides you with an overview of expenses, budget, and overall cost by analyzing this data you can identify the area where you can save costs and make a proper budget strategy.
Read also = 8 ways on How small businesses can reduce costs and increase revenue or profit in 2023
NetSuite Cash 360 dashboard
In NetSuite 360 dashboard users can view total receivables, payables, cash forecast, and the total bank balance of their business. It also contains a link through which users can view records, reports, and transactions. For Receivable and payable accounts there is an Aging summary pie chart.
What does a NetSuite project manager do?
It is the responsibility of to project manager to manage and oversee the project contain in NetSuite. Such as project setup, assigning tasks to the team, and providing required resources. Another responsibility of the project manager is to complete the project on time and within a set budget.
NetSuite SuiteProjects vs project management
NetSuite SuiteProjects contains a suite of tools that help businesses to manage their projects inside NetSuite Software. Such as project creating, tracking, managing budget, etc. project management consists of planning, executing, and controlling projects. In this objective of projects is set, tasks are also set accordingly and resources are provided for the completion of projects in a fixed time and budget. In simple words, Netsuite is a suite of tools, and project management is the process in which these tools are used to project completion.
How much does NetSuite software cost?
It's depending on the type of plan you want to choose. In the basic plan, you get access to accounting, eCommerce, and CRM at a rate of $99/month. In the advanced plan, you get access to inventory management, project management, and analytics at a rate of $999/per month. Custom plans are also available in Netsuite.
Can I use NetSuite for free?
If you are a new customer you will get free trials and a demo of their services but if you want to regularly use NetSuite then you have to pay a subscription fee to get access to their services.
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Is NetSuite worth IT for small businesses?
Yes, NetSuite is worth IT for small businesses because it is low in price compared to other business software. In Netsuite, when your business grows you can add additional modules to it.
Does NetSuite connect to a bank?
Yes, you can connect NetSuite to your bank account and after this, you can directly pay bills, and make other transitions from your Netsuite.
How do I reconcile cash in NetSuite?
7 steps to reconcile cash in Netsuite
1. Go to the banking module and click on the tab cash management
2. In the upper right corner press on reconcile button
3. From the drop-down menu choose the account which you want to reconcile
4. Enter the ending balance from your bank statement.
5. Enter the transaction which is not recorded in the Netsuite account but, appears in your bank account statements.
6. Now match the transaction which is in both of your bank account statements and Netsuite account.
7. At last Review reconciled transactions and click on save.
Is NetSuite Paas or SaaS?
Netsuite is a software-as-a-service solution ( SaaS ) for businesses to manage their projects. It is not a Platform as a Service( PaaS ) solution.
Is NetSuite better than Salesforce?
There is no specific answer to this question it depends on your business. If you have been having a small business then salesforce is good for you because you can customize their CRM according to your needs and it also gives access to track your leads, sales forecast, etc. Additionally, the sales force also has mobile applications. If you have a big business you can go for NetSuite because it provides you with a comprehensive solution for managing your customer relationships, finances, and operations.
What are the 8 industries NetSuite works with?
the 8 industries NetSuite works with are:
1. Manufacturing
2. Technology
3. Retail
4. Professional Services
5. Wholesale
6. Financial Services
7. Non-profit
8. Hospitality
Disclaimer: This article is not promoted by Oracle Netsuite
