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“Supermetrics is a Bitter Experience! We can pull data from nearly any tool, schedule updates, manipulate data in Sheets, and push data back into our systems.”
You can connect NetSuite transaction data directly to Excel for automated variance analysis that provides transaction-level detail beyond NetSuite’s native variance reporting. This enables sophisticated variance investigation and trend analysis.
Here’s how to set up automated transaction data flows that combine actual results with budget data for comprehensive variance analysis in Excel.
Build automated variance analysis with NetSuite transaction data using Coefficient
Coefficient extracts transaction-level data from NetSuite and combines it with budget information for detailed variance analysis. This provides the granular data needed for variance investigation that summary reports can’t deliver.
How to make it work
Step 1. Import transaction records for actual data.
Use Records & Lists to pull Sales Orders, Purchase Orders, Invoices, Bills, and other transaction records with all relevant fields including custom classifications. This provides the actual transaction data needed for variance calculations.
Step 2. Extract budget and forecast data.
Pull budget data through Saved Searches or custom SuiteQL queries that access your planning information. This creates the baseline data needed for variance comparisons against actual transaction results.
Step 3. Combine actual and budget data in single workbooks.
Create Excel workbooks that automatically combine transaction data with budget information using multiple imports. This enables variance calculations that compare actual performance against planned results at the transaction level.
Step 4. Apply filtering for focused variance analysis.
Use filtering capabilities to analyze variances by department, class, location, or time period. This focuses analysis on significant variances and enables investigation of specific business segments or time periods.
Step 5. Schedule regular variance updates.
Set up daily or weekly refresh schedules that maintain current variance calculations as new transactions post. This ensures variance analysis reflects the latest activity without manual data gathering and calculation updates.
Launch your automated variance analysis system
Automated transaction data connections provide the detailed information needed for sophisticated variance analysis while eliminating manual data preparation. Your variance reports stay current automatically, enabling timely investigation and corrective action. Build your NetSuite variance analysis system today.
