Building a successful company is no small achievement, so once they’re established locally, entrepreneurs often believe they’re ready to take on the world. After all, international expansion is the next logical step for a growing business. Although entering new markets can be a great opportunity, it can also be disastrous. Succeeding in a foreign country (…)
Sneak Peek for Manufacturers: NetSuite 2021 Release 2 Provides Increased Supply Chain Controls Technology trends are one of the drivers offering the chance for a true manufacturing resurgence in the U.S. Creating a more resilient and agile business through greater supply chain visibility couldn’t be more important — as backlogs at ports, critical shortages of (…)
Greater Inventory Controls and eCommerce Acceleration Wholesale distributors, like most product companies, are being buffeted by supply chain disruptions, labor shortages and the ever-increasing expectations from retail customers and consumers for fast, predictable and free delivery. Moving $6 trillion worth of products, materials and services – more than a quarter of the country’s 2021 GDP – requires (…)
Maintaining sufficient cash flow to support operations is critically important to most companies. But even in cases where negative cash flow is built into the business plan, such as a software start-up, controlling cash burn is still a top priority. Although issues like seasonality, economic conditions and political tensions can affect cash flow and are (…)
Each year, the research firm Frost & Sullivan identifies visionary companies at the forefront of their industries. This year, NetSuite was recognized with the Best Practices Product Leadership Award in the North American cloud ERP market. In a statement announcing the award, Frost & Sullivan CEO Darrell Huntsman noted that the recognition is reserved for (…)
Enterprise CFOs are in an interesting position. More than half, 55%, of finance respondents to Brainyard’s Finance Priorities Survey say their teams’ influence has grown since the start of the pandemic. CFOs are being called on to combine executive-level strategic vision with surgical precision around cash flow analysis to make spending cuts while protecting growth investments. (…)
The New CFO Dashboard: KPIs To Track Now In short: The pandemic has changed the way financial leaders view and report on key performance indicators that reflect operations. While specific KPI data points vary by industry, as we’ll see, the common thread is cash flow preservation. CFOs are taking a lead role in sharing daily (…)
Annual revenue per billable consultant is a rough indicator of how much revenue your billable resources generate each year and the productivity of your technology services team. This number should be higher than the average fully-loaded cost of your consultants, meaning your consultants are generating more revenue than it costs to employ them. A good (…)
Sales per square foot has been a common benchmarking metric in the retail industry for decades, and although the introduction of ecommerce has made it less so, it’s still critical for retailers offering successful omnichannel experiences that include brick and mortar locations. The metric helps retailers make the right resourcing decisions and understand the proper (…)