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Oracle’s Alphabet Soup: NetSuite Analytics Warehouse Data is supposed to make life easier. You track revenue, monitor inventory, forecast demand—sounds great in theory. But if you’ve ever sat there, watching a NetSuite report spin for what feels like an eternity, you know the reality: data is only useful if you can actually access it. NetSuite…
Oracle’s Alphabet Soup – NetSuite Account Reconciliation Ahhh, Oracle. A company known for its robust ERP, insane levels of customizability, and its addiction to acronyms. From NSPB to NSAR, if there’s a way to shorten something, Oracle NetSuite has probably done it. Let’s start with NSPB—NetSuite Planning and Budgeting. This is NetSuite’s Hyperion-based Planning and…
Stop Reacting. Start Planning Proactively. If you’re managing a growing business, chances are you’ve learned this the hard way: hope is not a strategy, and spreadsheets alone won’t save you when market conditions shift. Enter Oracle NetSuite – your not-so-secret weapon for advanced planning and forecasting. NetSuite provides tools that bring clarity to your finances,…
Streamline Your Team’s Workflow with These Tools Collaboration is more than just a buzzword; it’s the foundation of an efficient, well-oiled business machine. When teams communicate effectively, share insights, and keep workflows aligned, tasks move faster, decisions are smarter, and results speak for themselves. But let’s be honest: if you’ve invested in NetSuite, you need…
(The names, dates and entities have been changed/redacted to protect the privacy of the parties involved) Imagine implementing a powerful new accounting system …to modernize your business operations, only to find yourself facing unexpected challenges just months later. This was the reality for Retail Company, a leading name in the accessories and apparel industry, when…
Implementing NetSuite can unlock a new level of efficiency and growth for businesses, but it is not without its challenges. Each phase of a NetSuite implementation brings unique roadblocks that, if left unchecked, can impact timelines and outcomes. Drawing from years of hands-on experience in NetSuite consulting and Salora ERP’s tailored solutions, we’ve outlined the…
Hey there, NetSuite newbies! Can you believe it’s already July? The year is halfway gone, and now’s a perfect time to review your accounts receivable. Whether you have a few stragglers or a mountain of overdue invoices, dunning letters might be just the tool you need to get those payments rolling in. Dunning letters are…
Nobody starts a business without a plan. And those who do, either end up going through hell and high water just to get the wheels turning or giving up on the endeavor entirely. So why would you treat implementing a new software any different? NetSuite is a powerful tool that over 38,000 companies trust with…
Understanding Material Requirements Planning (MRP) Material Requirements Planning (MRP) is a systematic approach to production planning and inventory management. Originating in the manufacturing sector, MRP helps businesses calculate the materials and components needed to manufacture a product. The primary objectives of MRP are to ensure that materials are available for production, products are available for…
What is Revenue Recognition (Rev Rec)? Revenue Recognition, often abbreviated as Rev Rec, is a fundamental accounting principle that dictates when and how revenue should be recorded. In the context of NetSuite, Rev Rec goes beyond just a simple accounting rule; it is a powerful and automated feature that ensures your revenue is recognized in…
