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The financial sector has long been a bellwether for broader economic and technological trends, but never has this been more evident than in the contemporary milieu. As digital transformation accelerates and geopolitical landscapes shift, the convergence of innovation and regulation has taken center stage. Through this lens, our understanding of the financial world evolves from…
In a world historically grounded in the trusted expertise of accountants, an alarming trend emerges: a growing exodus from the traditional pillars of finance. Over the last two years, the U.S. has seen a 17% reduction in accountants and auditors, with over 300,000 professionals departing from their roles. A shift not only influenced by retiring…
In recent years, the Environmental, Social, and Governance (ESG) movement has evolved from a niche concern into a central pillar of modern business strategy. It has captured the attention of investors, businesses, and regulators alike. Multiple sources and credible financial reporting organizations have shed light on the complexities and controversies surrounding ESG, and we will…
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…
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.
