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Systems are integral to running any business. Take for instance, the retail industry. Said industry has seen big changes in the past few years. More than 80% of shoppers adopted new buying habits as a result of the pandemic, reports McKinsey, and most expect to continue to exercise their newfound flexibility. For example, “buy online,…
Overview B2B, short for business-to-business, are companies that sell complex products and services to other businesses and organizations. As such, they need to provide their sales teams with a fast, error-proof configuration, pricing, and quoting (CPQ) system. Sales representatives must be able to quickly configure custom line items as well as find stock parts to…
The talent shortage isn’t abating. One coping strategy: Increase your team’s output. If you’re a CFO or senior leader in finance, you’re likely spending a lot of time these days figuring out how to make the most of the human and technology resources you have available. You’re not alone. Purse strings have tightened, and CEOs…
Dread the month’s end? Our three-stage strategy dispels the gloom 3 Steps to Close the Books in 5 Days or Less For finance teams, speeding the monthly close and reporting process has been a priority for years — a priority that most never quite get to. Despite its acknowledged importance, many companies still struggle to…
Introduction Largely as a result of the pandemic, reliance on and comfort with technology as a business differentiator has progressed in the past two years at pace that would otherwise have taken a decade or more to reach. Customers are rapidly shifting their buying to ecommerce. Supply chains are better managed with strong technology. Staffing…
Dashboards and key performance metrics (KPIs) provide a real-time view of your business and are critical components of the NetSuite user experience. A well-designed dashboard can keep you up-to-date and on task. These tips will help optimize your use of dashboards and KPIs so that employees can act on the job tasks that are most…
With Better Visibility Into the Connection Between Inventory and Financials, CFOs Can Increase Profitability Any finance professional working at a products-based company knows that, along with investments, inventory represents one of its biggest assets. The problem is that CFOs and controllers often lack a way to easily view and monitor the relationship between inventory and…
Learn Why Companies Switch From QuickBooks to NetSuite For most businesses, QuickBooks offers a functional, entry-level accounting system that can meet their early needs. But with growth comes the need for a more sophisticated accounting system and stronger financial and inventory controls. Many companies find themselves relying upon a dangerously unreliable “spreadsheet hairball” to complement…
As businesses go from dozens of customers to hundreds and eventually thousands, processes that once served the company well no longer support growth. Many finance teams routinely back funding updates that let business units scale efficiently while ignoring their own department’s process improvement needs. The AR/AP team, short for Accounts Receivable and Accounts Payable, is…
Here are the top signs that QuickBooks is limiting your business and that it’s time to leverage a better, more comprehensive tool like NetSuite.
