“Quote-to-Cash Process: What It Is, Benefits, & Examples” “22893” 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,…
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“What Is Cloud Analytics? How it Works & Benefits Businesses” “22890” 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,…
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“Safety Stock: What It Is & How to Calculate” “22887” 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…
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“How NetSuite Powers DevOps Pipelines with SuiteCloud Platform Developer Tools” “22884” 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.…
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“Overcoming ASC 606 Revenue Recognition Hurdles” “22881”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…
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“What Is Anticipation Inventory? Uses, Advantages & Disadvantages” “22878”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…
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“Progress Billing Defined: Advantages & How to Implement” “22870”Blog Credit: Joseph Clancey, June 17, 2021 (Progress Billing Defined: Advantages & How to Implement | NetSuite) Progress billing is a way to manage invoicing in industries where projects may take months — even years — and cost hundreds of thousands or millions of dollars. While it’s…
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“How to Streamline Your Accounts Payable Processes” “22865”Blog Credit: Scott Beaver, January 04, 2021 (How to Streamline Your Accounts Payable Processes | NetSuite) Accounts Payable (AP) doesn’t always take center stage as companies strive to expand, increase sales and build an advantage over the competition. And isn’t always a top priority for management even though…
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“Quarterly and Annual Business Reviews: Why They Can Make or Break Your Success” “22862”Blog Credit: Kris Blackmon, March 21, 2022 (Quarterly and Annual Business Reviews: Why They Can Make or Break Your Success | NetSuite) In short: The real work is done at the annual review; QBRs are quick checks of KPIs and the relationship…
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“A 6+6 Budget Might Not Make You Popular, But It Could Save the Business” “22859”Blog Credit: James Vanreusel, March 17, 2022 (A 6+6 Budget Might Not Make You Popular, But It Could Save the Business | NetSuite) In short: Asking people to rebudget is a big deal and not a move to be made lightly.…
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