Effective financial storytelling is crucial for board and investor presentations, where clarity, accuracy, and insight can make all the difference. In today’s fast-paced business environment, financial leaders must be able to distill complex data into actionable insights that drive business growth. As a seasoned Head of Finance, VP of Finance, or CFO, you’re no stranger to the complexities of financial reporting. You’ve already implemented NetSuite, and you’re familiar with its capabilities. But are you leveraging its advanced features to elevate your board and investor presentations?
Imagine walking into a board meeting or investor presentation, armed with a comprehensive financial report that tells a compelling story about your organization’s financial performance. The board members and investors are impressed, not just by the numbers, but by the insights and analysis that accompany them.
The Expectation of Board and Investor Presentations
Board members and investors expect more than just a static financial report. They want to see a clear and concise presentation that provides actionable insights into the company’s financial performance. They expect to see:
- Key Performance Indicators (KPIs): Relevant metrics that measure the company’s financial health, such as revenue growth, profitability, and return on investment (ROI).
- Financial Projections and Forecasts: Accurate and realistic projections of future financial performance, including revenue, expenses, and cash flow.
- Risk Management and Mitigation Strategies: A clear understanding of the company’s risk profile and strategies for mitigating those risks.
- Return on Investment (ROI) Analysis: A detailed analysis of the company’s investments, including the expected return on investment and the potential risks and rewards.
Advanced NetSuite Financial Reporting Features
NetSuite’s advanced financial reporting features can help you create a comprehensive financial report that meets the expectations of your board and investors. Some of the key features include:
Budgeting and Forecasting:
Automate tedious companywide and departmental budgeting processes. Prebuilt workflows that leverage best practices make it easy to closely track the progress of tasks, such as reviews and approvals. Budget templates are dynamically populated and updated from NetSuite’s general ledger and accommodate changes to accounting segments. Create real-time forecasts in minutes — based on actual data from NetSuite financials — to make more informed decisions and drive your business forward.
Scenario Planning and Modeling:
Perform scenario modeling and multidimensional planning with any number of dimensions, such as location, product, customer or expense. Easily model complex calculations including projected revenue, operating and capital expenditures, headcount costs, cash flow and sales without the risk of formula errors posed by regular updates or monthly maintenance.
AI-Powered Predictive Planning:
Leveraging embedded artificial intelligence (AI), Intelligent Performance Management automates data analysis to improve and accelerate decision making. Prediction algorithms continually monitor and analyze plans, forecasts, and variances to uncover and highlight any trends, anomalies, biases—as well as hidden correlations—allowing large amounts of data to be quickly analyzed. Finance can take faster actions on these insights, have better data to plan and significantly reduce the time spent on analysis. Predictive forecast explanations provide a quick and easy way to understand the key factors behind AI-generated forecasts.
Revenue Planning:
Align revenue forecasts and sales plans with corporate objectives. Create driver-based revenue and sales forecasts for all business units in collaboration with finance, sales and service teams. Then, continuously monitor actual performance against objectives and track the resulting impact on cash flows and balance sheets.
Operational Expense:
Enable flexible driver-based planning to connect your operational assumptions to financial outcomes. Support a hierarchical planning process that encompasses both corporate finance and lines of business.
Workforce Planning:
Simplify workforce planning and related efforts, such as headcount, salary and compensation planning, by aligning the needs and priorities of your organization with those of the workforce to ensure organizational objectives are met.
Trended Financial Statements:
Fully integrated financial statements mean the income, balance sheet and cash flow statements are connected with logic derived from Generally Accepted Accounting Principles (GAAP). These financial statements provide seamless actual-to-budget trending and this integration is flexible enough to accommodate industry-specific configuration requirements. Both direct and indirect cash flow methods are supported.
NetSuite Smart View: Elevating Your Presentations
NetSuite Smart View is a powerful tool that enables you to integrate NetSuite data with Microsoft Office applications, including PowerPoint. This integration allows you to create dynamic and interactive presentations that provide real-time insights into your organization’s financial performance.
With NetSuite Smart View, you can:
- Create live and interactive presentations that update in real-time
- Access and manipulate NetSuite data directly within PowerPoint
- Use predefined forms and templates to streamline your presentation creation process
- Provide actionable insights and analysis to your board and investors
- Financial Report Builder: Create customized financial reports that meet the specific needs of your board and investors.
- Real-time Data: Access up-to-the-minute financial data, ensuring that your reports are always accurate and relevant.
- Multi-dimensional Reporting: Analyze financial data from multiple perspectives, including department, location, and product.
- Automated Reporting: Schedule reports to run automatically, saving time and reducing the risk of human error.
- Dashboards and Visualizations: Present complex financial data in a clear and concise manner, using interactive dashboards and visualizations.
Unlock NetSuite Potential with Finsmart Accounting
Boost efficiency with Finsmart Accounting’s on-demand NetSuite experts. Our financial outsourcing services include specialized Accounting Seats for
- Bookkeeping,
- R2R,
- Accounts payable, and
- Accounts receivable.
Ensure accuracy, compliance, and growth with our dedicated experts. Subscribe today and focus on your core business.
Book a Meeting: https://calendly.com/maanoj-shah/calendar
Director Growth Strategy & Alliance
Maanoj Shah is a finance and outsourcing expert with strong Business Strategy and Scaling-up experience. Over the last 20 years, he has incubated multiple businesses and helped build global enterprises in verticals as diversified as hospitality, technology, and healthcare.
