Efficient and Real-time Financial Planning and Budgeting in the Cloud As financial leaders, you are the navigators of your organisation’s financial position and business model in fast-changing times. Standard financial planning does not provide the information that business leaders need for strategic decision-making. According to a recent study by Gartner, FP&A leaders expect that they (…)
Prepare for 2022 and beyond: with a Stronger, More Efficient Budgeting and Planning Process
November is not only meant for auditing the contents of your coat closet before the global online shopping festival, it likely means you’re well into next year’s budget planning process. Finance teams have a lot on their to-do-lists at year-end and, frequently, their most difficult challenge is annual planning and budgeting. An accurate plan creates (…)
Overcoming the Top 5 Accounting Challenges of International Expansion
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 (…)
NetSuite 2021 Release 2 Sneak Peek: Wholesale Distribution
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 (…)
Improving Cashflow by Order-to-Cash Acceleration
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 (…)
Frost & Sullivan Recognizes NetSuite’s Vision and Execution in Cloud ERP
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 (…)
10 Top New KPIs for Finance in Tech/ Professional Service by SuiteAnalytics BI
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 (…)
10 Top New KPIs for Finance in Manufacturing by SuiteAnalytics BI
A fast cycle time is critically important to manufacturers in an era where 2-day deliveries have become the normal customer expectation. Cycle time and lead time are frequently confused. Cycle time represents the time it takes from the start of production to when an order is complete, while lead time starts at the time the (…)
10 Top New KPIs for Finance in Wholesale and Distribution by SuiteAnalytics BI
Distributors are experiencing a major shift in the standards for B2B purchasing. More companies are purchasing goods via multiple channels rather than from a dedicated distributor. Buyers are accustomed to having detailed information on all products—availability, delivery data, etc.—at their fingertips online. To meet these expectations, distributors are expected to have top notch eCommerce sites (…)