New Netsuite Cash 360 to gain better control over cash position

Cash management is important for every organisation because it directly affects the financial health and stability of a business. Insufficient cash flow is the number one reason startups fail within the first five years. Effective cash management helps to ensure that a business has enough cash on hand to meet its daily obligations and pay bills on time. Good cash management enables a business to invest in growth opportunities, such as hiring new employees, expanding operations, or developing new products. By reducing the cost of borrowing, improving cash flow, and reducing the risk of late payment penalties, cash management can help lower costs and increase profitability. Accurate cash forecasting is critical to making informed business decisions and avoiding financial surprises. Proper cash management helps ensure compliance with financial regulations and reduces the risk of fraud or mismanagement.

What are the main causes of Cash Flow Issues? Late payments from customers can cause significant cash flow problems for a business, especially for small businesses that rely on a steady stream of income. High overhead costs such as rent, utilities, and employee salaries can put a strain on a company’s cash flow, especially if the business is not generating enough revenue to cover these expenses. Emergencies, such as equipment breakdowns, can quickly drain a business’s cash reserves and disrupt its cash flow. Overstocking inventory can put a business in a jamb if sales are not covering the investment costs. If a business experiences a slow sales period, it can put a strain on its cash flow as revenue decreases. Or not every business owner has the skill set to handle the forecasting and bookkeeping tasks as a business grows or becomes more complex.

What is the impact of Cash Flow Issues on a Business? If a business is unable to pay its bills on time, it can damage its credit score, making it difficult to secure loans or credit in the future. When a business has cash flow problems, it may struggle to pay its employees, leading to reduced morale and increased employee turnover. A business that is struggling with cash flow issues may be unable to invest in growth opportunities, such as new products or services, or hiring additional staff. In severe cases, cash flow problems can lead to bankruptcy, where a business is unable to pay its debts and must close its doors.

How to prevent cash flow issues? Regularly monitoring the company's cash flow, as it helps a business identify problems early and take action to address them. Improving operational efficiency and reducing overhead costs can help free up cash flow and improve financial stability. Keeping debt under control, through proper financing and debt management strategies, can help ensure that cash flow remains positive. Establishing open and transparent communication with customers can help ensure that invoices are paid on time, reducing the impact of late payments on cash flow.

Netsuite Cash 360 is a feature within the Netsuite platform that provides businesses with a centralised and comprehensive solution for managing their cash balances and transactions. This solution offers real-time visibility into cash positions, automated cash reconciliation, and advanced cash forecasting capabilities. With integration to other Netsuite modules such as accounts payable, accounts receivable, and banking, it provides a seamless and efficient experience for businesses looking to optimise their cash management processes. By automating manual processes and providing real-time data insights, Netsuite Cash 360 helps businesses to make informed decisions, reduce manual effort and errors, and improve their overall cash management.

Netsuite Cash 360 provides a range of advantages for customers looking to optimise their cash management processes. Some of these advantages include:
  1. Real-time visibility into cash balances and transactions, allowing for more informed decision-making. Dashboard that monitors real-time receivables, payables and available cash balances, ensuring cash flow transparency. 

  2. Automated cash reconciliation and forecasting, reducing manual effort and minimising errors.  Customers gain insight into cash flow trends and create a cash flow forecast for the current six months for more informed decisions. Cash 360 helps to prepare more accurate forecasts, assess cash needs and the company's liquidity position. The model consists of multiple data points such as funding sources, projected expenditures, sales forecasts, and billing schedules, and applies historical averages of AR and AP transactions to forecast incoming and outgoing payments. The configurable solution also allows one-time transactions, such as financing or capital investments, to be included.

  3. Integration with other Netsuite modules, providing a seamless experience and eliminating the need for manual data entry.

  4. Improved collaboration and communication between finance and operational teams, enabling more efficient use of cash resources.

  5. Increased efficiency and accuracy through automated processes and real-time data insights.


Overall, Netsuite Cash 360 helps customers to streamline their cash management processes, improve decision-making, and gain greater control over their cash resources.

We in AccoSuite have implemented Cash 360 along with other NetSuite capabilities such as invoicing automation, bank statement reconciliation, workflow approval and budget validation, so our customer have efficient accounting, better control over cash flow and greater flexibility in financial decision making.


Get more information about Cash 360 opportunities by contacting our consultants!