“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…
“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…
“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.…
“Stock Keeping Unit (SKU) Explained” “22838”Blog Credit: Abby Jenkins, December 15, 2020 (Stock Keeping Unit (SKU) Explained | NetSuite) A SKU, or stock keeping unit, is a sequence of numbers and characters used as an internal tracking tool by businesses to track inventory. Here, we’ll discuss more details about what a SKU is, why a…
“Metrics That Matter: How to Identify, Track and Use Data Points Now” “22834”Blog Credit: Megan O’Brien, March 14, 2022 (Metrics That Matter: How to Identify, Track and Use Data Points Now | NetSuite) In short: The environment in which companies benchmark performance has changed dramatically over the past two years. It’s time to reassess the…
“Why Do Annual Performance Reviews Squash Morale? Plus, 10 Ways to Do Better” “22851”Blog Credit: Jonathan Feldman, March 10, 2022 (Why Do Annual Performance Reviews Squash Morale? Plus, 10 Ways to Do Better | NetSuite) In short: You’re waiting a year to give significant documented feedback? Puh-leeze! There is no perfect solution. This is improv…
“5 Best Practices to Master Rolling Forecasts” “22795”Blog Credit: Megan O’Brien, March 7, 2022 (5 Best Practices to Master Rolling Forecasts | NetSuite) In short: Economic volatility has put the shortcomings of traditional budgeting methodologies on full display. The smart money is moving toward rolling forecasts as a better way to predict business performance —…
“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…
“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…
“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…