How To Improve Cash Flow Visibility with NetSuite Cash 360

Here's How to Improve Cash Flow Visibility with NetSuite Cash 360

 

Are you looking for improved visibility into cash flow?

Check out NetSuite’s new Cash 360 dashboard to gain an instant snapshot of your company’s cash position.

Some of the key features include:

  • Tracking your total bank balance 

  • Total receivables

  • Payables

  • Available cash in real-time 

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You also have the ability to view rolling forecasts for days, weeks, or months and use historical data to forecast future cash flow.

To install the dashboard: simply go to the SuiteApps menu in your NetSuite instance and search for “Cash 360”.

The Benefits of Better Cash Flow Visibility

NetSuite's Cash 360 dashboard is a financial management tool designed to provide users with a comprehensive view of their cash flow position. 

The dashboard displays key metrics, such as cash balances and net cash flow, and allows users to drill down into the details of individual transactions to gain a more granular view of their cash position. 

But, why would a business need to drill down into its cash flow position? What are the benefits of better, faster cash flow visibility?

With NetSuite’s Cash 360 dashboard, you can benefit from:

Improved financial planning

With better cash flow visibility, businesses can forecast their cash inflows and outflows more accurately, enabling them to plan their finances better. This can help them to identify potential cash shortages or surpluses and adjust their spending or investment plans accordingly.

Better decision-making

When businesses have a clear understanding of their cash flow, they can make informed decisions about investments, purchases, and other financial transactions. This can help them to avoid overspending, manage debt more effectively, and optimize their cash flow to support their growth plans.

Improved cash flow management

Better cash flow visibility can help businesses to manage their cash flow more effectively, allowing them to optimize their working capital and reduce their reliance on expensive borrowing or other forms of financing.

Enhanced creditworthiness

Businesses with better cash flow visibility are often seen as more creditworthy by lenders and investors, as they are perceived to be better able to manage their finances and repay their debts.

Increased operational efficiency

By improving cash flow visibility, businesses can streamline their financial processes, automate cash management tasks, and reduce the time and resources required to manage their finances. This can free up resources for other areas of the business, improving overall operational efficiency.

Want to learn more? Check out our How To: NetSuite guides here.

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