How to Enhance Cash Flow Forecasting with NetSuite and Centime

In the fast-paced world of business, maintaining a healthy cash flow is key to survival and growth. However, accurately forecasting cash flow can be challenging, especially for businesses that rely on disconnected systems or manual processes. For companies using NetSuite as their ERP, Centime’s fully embedded cash management solution presents a game-changing opportunity to simplify and automate cash flow forecasting.

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This blog explores how Centime’s integration with NetSuite enhances cash flow forecasting, providing real-time insights and automating predictions for a more streamlined financial operation.

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The Value of Cash Flow Forecasting

Cash flow forecasting helps businesses predict future financial positions by mapping out expected cash inflows and outflows. Proper cash flow management ensures liquidity, reduces the risk of financial shortfalls, and helps businesses optimize growth by planning for expenses, investments, and potential cash gaps. Despite its importance, many businesses struggle with cash flow forecasting due to reliance on manual tools like spreadsheets, which are prone to human error and often outdated by the time reports are generated.

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Centime offers a fully integrated cash flow forecasting solution that works directly within NetSuite, eliminating these challenges and enabling businesses to maintain a more accurate and up-to-date view of their cash positions.

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Centime’s Cash Flow Forecasting Capabilities

Centime’s cash flow forecasting tools are designed to provide users with a comprehensive and real-time view of their financial health. This integration allows businesses to:

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Gain Real-Time Insights: With Centime, NetSuite users can automatically generate a rolling 13-week cash flow forecast, which updates dynamically based on real-time transactions. This feature provides businesses with continuous visibility into their cash position, ensuring they can plan for short- and long-term needs without disruption.
Prioritize Collections and Payments: One of the key benefits of Centime’s cash flow forecasting is the ability to automate the prioritization of collections and payments. By tracking projected cash inflows and outflows, businesses can prioritize which customers to collect from first and which suppliers to pay, all while maintaining optimal liquidity.
Integrate with AR and AP: Cash flow forecasting doesn’t work in isolation; it’s tightly integrated with accounts receivable (AR) and accounts payable (AP). Centime’s integration with NetSuite allows businesses to manage their payables and receivables while forecasting cash, enabling teams to make informed decisions on when to release payments and how to improve collections.
Track Performance with Custom Dashboards: Centime also offers customizable dashboards that track critical KPIs such as DSO (Days Sales Outstanding) and total payables. These insights are essential for forecasting cash flow accurately, as they provide visibility into the timing of cash inflows from customers and outflows to suppliers.

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Why Centime Stands Out in the NetSuite Landscape

NetSuite users often rely on its native financial tools for managing budgets and financial operations, but these can fall short when it comes to sophisticated, real-time cash flow forecasting. Centime stands out by offering an all-in-one solution for cash flow management that is fully embedded within NetSuite. Here’s why this integration is a game-changer:

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Seamless Integration: Centime’s SuiteApp for NetSuite enables a fully integrated, real-time cash management solution. This integration eliminates the need for third-party connectors or manual uploads, offering a frictionless experience. Businesses can manage cash flow without ever leaving their ERP.
Bidirectional Data Syncing: Centime’s integration ensures that financial and general ledger data flows seamlessly between systems, keeping forecasts accurate and up-to-date. This bidirectional sync provides the agility needed to adapt to changing business conditions in real time.
Comprehensive View of Cash: With Centime’s tools, users can view their cash position across all accounts, including operating, savings, and other corporate accounts. This holistic view allows businesses to optimize their liquidity and make strategic decisions based on an accurate understanding of their financial position.

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Key Benefits for NetSuite Users

Centime’s integration with NetSuite delivers several unique advantages to businesses seeking to optimize their cash flow:

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Improved Forecast Accuracy: By automating forecasts and eliminating manual data entry, businesses can reduce the risk of errors and produce more reliable forecasts. This is particularly valuable for companies managing multiple subsidiaries or business units within NetSuite.
Faster Decision-Making: With real-time insights into cash flow, CFOs and finance teams can make faster, data-driven decisions. Whether it’s deciding when to invest in growth initiatives or when to tighten credit policies, Centime empowers businesses to act proactively.
Better Cash Flow Management: Centime’s ability to integrate AP, AR, and cash forecasting into a single platform ensures that all financial aspects of cash flow are managed cohesively. This eliminates the need for multiple tools and reduces the risk of missing critical financial signals.
Enhanced Reporting and Analytics: Centime’s dashboards allow users to track key financial metrics such as cash runway, burn rate, and performance by business category. This level of granularity helps finance teams monitor their financial health and adjust strategies accordingly.

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Conclusion

For businesses relying on NetSuite, Centime offers an invaluable enhancement to cash flow forecasting and management. By integrating directly with NetSuite, Centime simplifies the forecasting process, provides real-time insights, and enables businesses to make smarter financial decisions. In today’s competitive landscape, businesses that can predict and manage their cash flow effectively are better positioned for growth and resilience.

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If you're using NetSuite and want to improve your cash flow management, Centime’s integrated solution is the answer. Schedule a demo today to see how Centime can transform your financial operations and help your business thrive.

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**Deposit placement through ICS is subject to the terms, conditions, and disclosures in the applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi and ICS are registered service marks, and IntraFi Cash Service is a service mark, of IntraFi Network LLC.

^††3.5% Annual Percentage Yield (APY) as of 11/19/24. Deposit rate may adjust to current market rate and may change daily. Fees may reduce earnings.

*Centime is not a bank and is not authorized by any federal or state agency to engage directly in core banking activities.
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*All banking products and services available through Centime are provided by FNBO and are governed by the applicable agreements and related disclosures provided to you by FNBO. Member FDIC.
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‍*While Centime facilitates traditional banking activities (such as the acceptance of deposits or extensions of credit), these services are actually provided by our banking partner, FNBO.
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*Centime may provide support services to FNBO, as permitted by applicable law, to facilitate the delivery of its bank products and services.

**Deposit placement through ICS is subject to the terms, conditions, and disclosures in the applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through ICS satisfies any restrictions on its deposits. A list identifying IntraFi network bank

How to Enhance Cash Flow Forecasting with NetSuite and Centime

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