“What Is a Financial Controller? Role & Responsibilities” “22905” Blog Credit: Kristina Russo, September 13, 2021 (What Is a Financial Controller? Role & Responsibilities | NetSuite) Financial controllers are a varied group of accounting professionals. Mostly CPAs with a staunch regard for accuracy, process and policy, controllers’ responsibilities can vary greatly depending on the size…
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Blog Credit: Andy Morris, April 21, 2021 (Retainage in Construction: The Comprehensive Guide | NetSuite) One of the distinctive aspects of the construction industry is that for many projects, contractors know going in that they aren’t getting paid in full until the work is completed. Welcome to the practice called retainage, which allows a project…
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“67 E-Commerce Stats and Facts to Know in 2021” Blog Credit: Austin Caldwell, April 15, 2021 (67 E-Commerce Stats and Facts to Know in 2021 | NetSuite) Ecommerce has transformed the retail landscape in recent years, accounting for a growing percentage of global sales to consumers and businesses. Ecommerce revenue is expected to continue to…
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“5 Facts About Next-Level Financial Planning & Analysis” Blog Credit: Lorna Garey (5 Facts About Next-Level Financial Planning & Analysis | NetSuite) In short: Achieve Better Business Results with NetSuite & Circular Edge Grow and scale your business while gaining a competitive advantage with NetSuite’s best-in-class integrated cloud business software and Circular Edge’s expertise in NetSuite…
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Blog Credit: Scott Beaver, July 14, 2021 (Quote-to-Cash Process: What It Is, Benefits, & Examples | NetSuite) The quote-to-cash process encompasses everything your business needs to do from when a potential customer is given a quote for your product or service until a purchase is made, the product or service is delivered and payment is…
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Blog Credit: Andy Morris, June 23, 2021 (What Is Cloud Analytics? How it Works & Benefits Businesses | NetSuite) If you run a business that produces and uses any type of data set, you should know about cloud analytics. Cloud analytics is data collection, tracking and analysis that happens on systems hosted in the cloud,…
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Blog Credit: Abby Jenkins, August 24, 2021 (Safety Stock: What It Is & How to Calculate | NetSuite) Revenue lost from stockouts is often coupled with the loss of customers who find the items elsewhere and often never return to the business. Stockouts also reduce the supply chain’s overall efficiency. Running low on stock is…
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“How NetSuite Powers DevOps Pipelines with SuiteCloud Platform Developer Tools” Blog Credit: Erik Klein, March 15, 2022 (How NetSuite Powers DevOps Pipelines with SuiteCloud Platform Developer Tools | NetSuite) NetSuite’s SuiteCloud developer platform provides solutions for software developers that deliver agility and control over every stage of your company’s software development lifecycle management process. Implementing…
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Blog Credit: April 30, 2020 (Overcoming ASC 606 Revenue Recognition Hurdles | NetSuite) When the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) came together to harmonize revenue recognition standards, the goal was to achieve greater consistency in financial reporting across industries and globally. The resulting rules, ASC 606 and IFRS 15,…
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Blog Credit: Abby Jenkins, May 20, 2021 (What Is Anticipation Inventory? Uses, Advantages & Disadvantages | NetSuite) While most events that throw businesses for a loop can’t be predicted, some can. Many companies forecast with high confidence how sales of given products will fluctuate over the course of a year. For instance, sales of lawn…
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