“Retainage in Construction: The Comprehensive Guide” “22902” 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…
“67 E-Commerce Stats and Facts to Know in 2021” “22899” 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…
“5 Facts About Next-Level Financial Planning & Analysis” “22896” Blog Credit: Lorna Garey (5 Facts About Next-Level Financial Planning & Analysis | NetSuite) In short: The role of FP&A has evolved from reporting financial results to pulling in other teams and extrapolating future results. These data points from the Association for Financial Professionals reveal why staying…
“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,…
“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,…
“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…
“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.…
“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…
“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…
“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…