Insight

By Glenn Hofmann, NetSuite Practice Director As a true cloud solution, twice a year, NetSuite pushes out a new release to all 40,000 of their customers. This not only means all 40,000 customers are running on the same version of NetSuite, but it also means that these customers all receive the new features and capabilities…

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Originally posted on the Oracle NetSuite website Staying on top of revenue recognition is a major challenge. Getting it right means keeping pace with fast-changing licensing and distribution models, managing the complexities of multi-element contracts, and complying with stringent SEC and Sarbanes-Oxley regulations. And you’ve got to stay ahead of ever-evolving revenue recognition rules such…

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Cyber Security

Midmarket companies can be seen as soft targets for bad actors since IT and security budgets are not as robust compared to larger enterprises. Drawing on the SANS Top 20 Critical Security Controls, Kraft Technology Group (KTG) has gathered a list of cyber security controls which will greatly reduce the risk of a security incident…

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Customer Success

A key factor in NetSuite’s success from Day One was the overarching goal of the company. NetSuite was built to run a business. The suite includes many outstanding capabilities, built in from the ground up, including: pure cloud architecture; built-in Business Intelligence; customization framework; ecommerce; and more.

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Outgrowing QuickBooks

When we are meeting with prospective clients, we are often asked: “When is the right time to move from QuickBooks to cloud financials?” In the past few years, we have moved several growing companies from QuickBooks to NetSuite. QuickBooks is an excellent and cost-effective solution when companies are getting started. However, many of our clients have found that it may not be the right choice for the long term.

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NetSuite Cloud Accounting Software

At Kraft, we have been selling, implementing, and supporting business software solutions for more than 20 years.  We have experience with multiple products and pride ourselves on partnering with software publishers offering the best solutions on the market for our clients.  We are constantly evaluating new solutions as they come on the scene and watching…

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The book Who Move My Cheese? By Spencer Johnson was released 19 years ago, but remains extremely relevant today. The book is an allegory telling the story of its four main characters, 2 mice, Scurry and Sniff, and 2 small humans, Hem and Haw. The four live in a maze and each morning they would…

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Insight

As an executive, business owner or line of business director it is important to understand the critical metrics by which you should run the business. A deep understanding of those numbers, measures or factors can lead to dramatic performance improvement.

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Accounting depatment

Businesses are evolving and changing faster now than at any time in the past. While experiencing rapid growth and change, some private businesses falter under the weight of their own stature. A failure in financial reporting or compliance can quickly have a huge impact on corporate reputation and the company’s prospects for continued growth and profitability.

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NetSuite vs Salesforce: Key Differentiators By  Meredith Schultenover, Managing Director, Kraft Enterprise Systems Recently, a friend contacted me to ask my opinion about Salesforce.com (SFDC) as an option for a new CRM system.  This friend has also asked me in the past about ERP systems.  He owns a distribution company where they are running their sales…

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KES Team Authored: Delta has experienced and is still experiencing as of this writing (8.9.2016) one of the most massive computer software failures in history, which is going to cost them millions of dollars. Ultimately, this level of disruption might cost them much more, when the potential long term loss of customers is included. My…

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KES Team Authored – Having worked in the mid-market ERP space for 10 years now, customization can be a very dirty word when it comes to ERP implementations.  When I first started my career, a customization could mean hours of consulting and coordination between the business, a functional consultant and a developer.  That would be…

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KES Team Authored – Our business is built on selling solutions built by other companies.  We do not create software as a defining part of our business, although we have on occasion.  We specialize in implementing solutions that larger companies design, create, roadmap and code.  So this begs the question, would the publisher and creator be the…

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Whether you are a new or experienced NetSuite user, chances are you heavily rely on the global search feature to find information quickly. Located across the top of your environment, the global search feature allows you to locate transactions, records, reports or searches by typing in just a few related characters. Open a New Window…

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The largest volume of manual paper and business processes within an organization can usually be found in the Accounts Payable (“AP”) department. This makes AP the best place to start when you are looking to increase efficiencies. Here are some common AP business issues your organization may be experiencing:   Tim filing, retrieving and delivering papers…

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KES Team Authored – IT and Finance departments everywhere love to use the total cost of ownership comparison when evaluating a buying decision. This practice is particularly common when applied to software purchases. How much is this software application going to cost over the next five years? What are the expected benefits, both soft (qualitative)…

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KES Team Authored- In one of my favorite marketing books, The 22 Immutable Laws of Marketing by Al Ries and Jack Trout, the authors outline some rules about what makes certain companies successful. For instance, one of my favorite “laws” in the book is the law of leadership which means it is more advantageous to be…

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KES Team Authored – Project and resource management software can create efficient and repeatable business processes for service companies. There are various levels of maturity in service organizations as outlined in the Professional Services Maturity Benchmark Study from SPI Research. Project management software should allow for visibility into the project status, enable ease of communications both…

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Document Imaging vs. Document Management If you have been in the business world in the last 10 years, you have likely had the ‘Paperless’ conversation at some point within your organization.  The most common first step toward going paperless is to start turning paper into electronic images.  You have the tools you need already, right?…

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