Resources | Articles

NetSuite & Business Management

The seven deadly sins of Excel-based budgeting

July 22, 2015

By Glenn Saunders Microsoft Excel is the most widely used information management tool among businesses. Smaller companies typically use it to track expenses, keep up with accounts receivable and manage critical information like payroll. Larger companies have ERP, accounting and/or HR systems to manage that information, but often use Excel for budgeting and forecasting. Many…

A Better Healthcare Financial Planning and Analysis System:

May 19, 2015

Today’s Healthcare landscape is changing dramatically with governmental changes, an aging boomer generation, increased healthcare regulations, and others factors such as ICD-10.  It is important that healthcare companies stay on top of performance, properly deploy analytics and/or metrics, and forecast where the organization might be going.  Budgeting and forecasting are commonly very challenging for healthcare…

Deal or no deal? How accurate is your financial system?

September 22, 2014

“What gets measured, gets managed” ~ Peter Drucker If there’s a transaction in your business’s future — whether it’s selling the business, trying to acquire debt or equity, or even going public — the reliability and validity of your financial information will be a critical factor to your success. You don’t need to have dreams…

10 reasons why the cloud is changing the finance world

September 18, 2014

Business management systems are a critical success factor for growing enterprises. A business can plateau without scalable systems in place. Or, even worse, it can suffer a loss of existing customers due to mismanagement. The effective deployment and use of enterprise resource planning (ERP) software can provide a model for managing an entire business. Modern…

Planning For The Future

February 7, 2014

Successful businesses set strategic goals for specific business operations.  Goals should be more specific than “be successful” or “improve sales”.  Once you have specific facts and figures down on paper, you want to associate budgets and labor resources to those goals and monitor your progress.  You can’t trust the future of your company to spreadsheets…

Get The Upper Hand On Labor Productivity

February 4, 2014

For service industries such as professional service consultants, software providers, and those involved with healthcare, labor productivity has the biggest impact on profit margins.  You need to dedicate the right people to the right job or task and minimize as much of the common manual processes as you can.  Get the upper hand on labor…

Build On A Solid Foundation

January 28, 2014

Although business growth can occur naturally, more often it takes careful planning.  You and your key managers consider strategic goals, evaluate new markets, and develop marketing campaigns to reach different customer groups.  Get the control and visibility you need to grow by using a robust business management solution as your foundation.       Organic growth is a…

Don’t Get Dizzy By Fast Moving Inventory

January 24, 2014

Tracking inventory, especially with multiple locations and a global supply chain, can be dizzying.  With volumes of inventory coming and going, your team can easily misplace, miscount, or simply lose track of important items.  Complicated warehouse operations require robust technology to keep inventory in order.  If you need real-time, accurate inventory control, then take a…

Satisfy Customers On-The-Move

January 16, 2014

Customer demands are always changing and now they expect the same personalized interactions across several channels.  Whether shopping online, in the stores, or through mobile devices, customers expect to see the same information, pricing, and have the same level of attention from your representatives.  Connect your key people with your customers, across all channels, with…