“What is Accounts Payable (AP)?” “22696” Blog Credit: Scott Beaver, August 19, 2020 (What is Accounts Payable (AP)? | NetSuite) A company’s accounts payable represents its short-term liabilities—invoices owed to suppliers, for example. AP departments are responsible for processing expense reports and invoices and for ensuring payments are made. AP is a key line item…
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“What is Two-Tier ERP and How Does It Work?” “22689” Blog Credit: Ian McCue, September 9, 2020 (What is Two-Tier ERP and How Does It Work? | NetSuite) As a company expands, whether organically or through mergers and acquisitions, the benefits of a unified view into financial systems don’t diminish. If anything, it becomes more…
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“What is Order Fulfillment? 7 Step Process & Key Strategies” “22685” Blog Credit: Lisa Schwarz, August 20, 2020 (What is Order Fulfillment? 7 Step Process & Key Strategies | NetSuite) While order fulfillment is, by definition, the method by which a company processes a sales order to the customer’s specifications, that understates its importance. Customers…
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“8 Expert-Backed Strategies to Deal With Inflation at Your Business” “22682” Blog Credit: Megan O’Brien, March 3, 2022 (8 Expert-Backed Strategies to Deal With Inflation at Your Business | NetSuite) In short: With global unrest and consumer prices hitting new highs, what previously seemed like transitory inflation is shaping up as a longer-term issue. Those…
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“Tax Return Season Is Also Open Season on Finance Teams” “22679” Blog Credit: Ira Winkler, March 2, 2022 (Tax Return Season Is Also Open Season on Finance Teams | NetSuite) In short: Your employees and contractors are busy gathering documents, preparing to get their returns ready. How many emails or calls does your team typically…
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“Guide to Inbound and Outbound Logistics: Processes, Differences and How to Optimize” “22675” Blog Credit: Abby Jenkins, December 14, 2020 (Guide to Inbound and Outbound Logistics: Processes, Differences and How to Optimize | NetSuite) Strong inbound and outbound logistics are crucial to the success of a business. These processes affect production, profits and customer service.…
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“8 Strategies for Manufacturers to Tackle the Talent Shortage Now — and in the Future” “22672” Blog Credit: Ian McCue, February 24, 2022 (8 Strategies for Manufacturers to Tackle the Talent Shortage Now — and in the Future | NetSuite) In short: The labor shortage that’s hit many industries is especially acute in manufacturing, where…
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“Developing Talent: When and How to Upskill Your Workers” “22669” Blog Credit: Kris Blackmon, February 17, 2022 (Developing Talent: When and How to Upskill Your Workers | NetSuite) In short: For many businesses, upskilling is a popular, cost-effective way to manage the current talent crunch. First, assess your department’s skills gap. Then, work with HR…
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“18 Ways to Automate Your Business for Growth” “22666” Blog Credit: David Luther, October 21, 2020 (18 Ways to Automate Your Business for Growth | NetSuite) Every business leader knows there’s a difference between busy work and productive work. The first tends to be a repetitive time-sink that requires little thought or talent. The latter…
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“Demand Planning: What It Is and Why It’s Important” “22662” Blog Credit: Abby Jenkins, October 23, 2020 (Demand Planning: What It Is and Why It’s Important | NetSuite) Demand planning is a cross-functional process that helps businesses meet customer demand for products while minimizing excess inventory and avoiding supply chain disruptions. It can increase profitability…
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