Many finance and accounting professionals dread the arduous task of closing the books. Whether done monthly or quarterly, the process is labor-intensive, full of mundane, repetitive tasks and takes days or weeks to complete. Rather than maintaining the status quo, companies that want better, more timely financial insights must replace the traditional record-to-report process with a continuous accounting approach.
This spring, the pandemic led many business leaders to worry more about cash flow than profits. By summer, a follow up survey of 130 business leaders found cash flow, current accounts receivable and working capital were still the KPIs in leaders’ minds, with gross profit margin not far behind. This report covers six strategies, tools and techniques to achieve your cash goals and stretch your business budget.
Increased profits are both a top success factor, and, along with achieving revenue goals, a major source of anxiety for 2020. This report is the covers executives' key priorities and worries as it relates to business profitability and six profit-building strategies to meet and exceed your profitability goals.
Our Summer 2020 Finance Priorities Survey is dedicated to understanding how the role of finance teams has changed since the pandemic began and how these professionals are contributing to their organizations’ recovery efforts. Normally conservative finance leaders are now pushing to change business as usual, including advocating for a larger product set and technology investments. One problem: Priorities for finance team retention and training are not shared by other executives.
CFOs have never worked harder. In response to COVID-19, they’ve steered their organizations through the most difficult conditions businesses have likely ever faced by pulling financial and operational levers they never thought they’d have to pull, including ones they didn’t even know were there. Find out the key to CFOs success in today’s high stakes business environment.
While operating effectively in dynamic situations takes leadership, management ability and the right corporate culture, it also requires systems that provide a solid foundation and have the flexibility to adjust as business needs change. Learn how cloud ERP helps businesses:
With finance teams increasingly shifting to cloud financial management, organizations can use Gartner’s research to identify the vendors to help them compete in rapidly evolving business environments.
Learn why Gartner identifies NetSuite as a Leader in its new Magic Quadrant report. We believe you’ll also discover NetSuite’s benefits, including:
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
*Gartner, Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises, Robert Anderson, John Van Decker, Greg Leiter, 29 June 2020.
When it comes to planning, budgeting and forecasting, many FP&A teams continue to rely on the same old tools and manual processes that often fall short: spreadsheets. Learn how you can quickly and easily produce forecasts, models, and ultimately deliver a plan of action that aligns the entire company to execute upon.
Even the smallest businesses must balance its books and meet government compliance and regulatory financial reporting requirements. Early on, many small businesses turn to QuickBooks as an easy-to-use, affordable accounting solution. But there is more to your business than just debits and credits, paying bills and collecting cash. As your business continues to grow, you will eventually need to look beyond spreadsheets and QuickBooks to a broader solution.
Download this report to understand how to recognize when the time is right for taking that next step, and what you can expect if indeed you do.
Financial software has made great strides over the past year, increasing the visibility and transparency of workflows—allowing organizations to become more agile and strategic. Today’s financial applications are being asked to support evolving business models, shifting regulations, changing deployment models, converging workflows and the emergence of digital business.
The IDC MarketScape evaluates major vendors to provide practical advice and direction for business leaders. The IDC MarketScape assesses vendors based on a wide range of criteria, including functionality, discussions with customers, technical support, account management, marketing message, total cost of ownership, ease of integration, user interface and ROI.
Oracle NetSuite is proud to be a leader on their list. Download the report excerpt to learn the IDC MarketScape’s guidance for midmarket businesses looking for a financial application vendor.
SOURCE: IDC MarketScape: Worldwide SaaS and Cloud-Enabled Midmarket Finance and Accounting Applications 2020 Vendor Assessment, by Kevin Permenter, Frank Della Rosa, Shari Lava, and Mickey North Rizza, Apr 2020, IDC Doc#US45837220.
What’s to come in 2020? The latest research from Brainyard polled more than 350 finance and non-finance executives and here’s what we found. Finance and non-finance executives are on two different pages when it comes to their worries and priorities this year. Dig into those findings and more in the full report.
Accounting and finance functions are constantly changing—from new regulations to tax reform to advancements in technology. Because of this change, CFOs are forced to take on broader responsibilities beyond traditional number crunching. Although the expanded role of the modern CFO is not a new concept, it’s clear that it's still something that CFOs are struggling to keep up with.
It’s no secret that CFOs need to be strategic, but adopting a tactical financial approach on top of juggling traditional responsibilities is easier said than done. This white paper dives into how other CFOs are taking on the role of a strategic business partner, while managing a continuous close and how you can too.
Looking for a new ERP solution is not something you do every day. Today's flexible and technology-enabled solutions should get you much closer to 100% (fit) than ever before, without the need for invasive customization. Download this report to help narrow down your short list for ERP vendors.
When looking for a new ERP solution, fit and functionality are crucial to finding the right solution. Also equally important today is the whole user experience, including easy navigation, visual appearance and personalization, and don't forget integration capabilities and the quality of built-in reporting and analytics. Any evaluation today requires you to raise the bar in terms of your search. Download this report for some inspiration and tips on what to look for.
Join the more than 22,000 customers running their business on NetSuite. Are you ready to turbo-charge your business? Tired of struggling with aging business systems, fragmented reporting and never-ending IT costs? Switching from QuickBooks to NetSuite's cloud solution enables companies to lower costs, streamline key business processes, boost productivity and be more competitive. Manage your business end-to-end with one integrated business suite for all your core processes. No more juggling of separate software applications and wasting time and resources maintaining and upgrading a hairball of on-premise software applications.
NetSuite Planning and Budgeting meets SuiteSuccess. Mint Jutras overviews the newest updates to NetSuite’s Planning and Budgeting solution that were announced at SuiteWorld 2019, and how making Planning and Budgeting a part of SuiteSuccess will deliver increased value with a faster timeline.
The CFO role faces a plethora of pressures. As the job evolves from that of a traditional finance and accounting executive to a broadly strategic function within enterprises, fundamental changes in business models and non-traditional challengers require a postmodern CFO archetype to emerge. Using the Constellation Business Hierarchy of Needs as a framework, this report highlights the key shifts in the role.
Once a business has experienced success at home, international expansion is often seen as the logical next step. But while entering foreign markets can be an opportunity to diversify operations and to tap into new sources of talent and raw materials, international expansion comes with very specific challenges for finance teams. This white paper offers best practices and considerations for finance teams taking their companies global.
In an era of new business models and an AI-driven environment, organizations must take the plunge and upgrade their financial management software to meet these new market conditions. Cloud finance offerings provide the best way to modernize existing environments and meet the challenges of the postmodern CFO. This market overview provides the background on the market trends, user requirements and the vendor landscape for this rapidly growing software segment, which will become a $35 billion market by 2025.
Oracle NetSuite has created a single offering to meet all support and ongoing sustainment and optimization needs across all products and all markets with Advanced Customer Support (ACS). ACS is a managed service that helps maximize the value of your Oracle NetSuite solution on a continuous basis. Read this white paper to learn the top five reasons why ACS is good for your business.
It's a great feeling when things fit perfectly, from the clothes we wear, to a significant other or the cup holder in your car! But what about achieving a perfect fit with the software you need to run your growing business? The right software fit can be the key factor to growing and thriving versus just surviving. In many cases, finding the right software fit for your business can be like trying to piece together a 1,000-piece jigsaw puzzle, but with the right cloud-based ERP, it can be as simple as aligning few pieces or in maybe just one piece! When growing companies discover that they have outgrown their software, and it no longer fits their growing needs, it's time to look for a new, modern cloud-based ERP like NetSuite.
How a billing service company is taking control of its business processes from the start.
There is perhaps no better advocate for how cloud-based ERP systems can support and help organizations to continue their growth than those who have been through it themselves. In this paper, we consolidated feedback from senior IT executives on why they switched from various Epicor systems to NetSuite’s true, cloud-based ERP, highlighting the pitfalls of fake cloud and on-premise deployments and how these challenges impacted their business.
The following are the top five reasons why ongoing access to training through NetSuite’s Learning Cloud Support is good for business.
Read how Shaw Industries, a subsidiary of Berkshire Hathaway, the world’s largest carpet manufacturer with more than $6 billion in revenue and approximately 22,000 employees worldwide is using NetSuite ERP to expand globally while streamlining operations and saving millions in capital and operating expenses.
In this SWOT Assessment, Ovum Consulting concludes that organizations looking for ERP modernization will benefit from NetSuite's cloud deployment, rapid release of new functionality and the ability to integrate with other cloud services. “The result is a fully modern suite of business applications, enabling organizations to move beyond the constraints of their legacy ERP deployment, or for first-time deployment, to benefit from an agile solution that meets the needs of a modern dynamic business.”
In this report, Mint Jutras references results from its 2018 Enterprise Solution Study and found that ERP is at the core of applications necessary to support growth. 37.5% of the fastest growing companies in this study say ERP is critical and has a direct impact on growth. The basics of a cloud ERP solution help boost growth by providing:
Sage may be limiting your business growth, read the common pains experienced by growing businesses. Find out if it's time for you to consider the cloud-based products and services that NetSuite offers. Access our paper to learn the 5 triggers that indicate Sage is failing your business.
In our ever-changing, dynamic economy, avoiding “creative destruction” is crucial for staying afloat. The pace of this destruction is increasing, so it’s important for companies to learn to evolve with that changing environment. This white paper looks at four specific areas that all businesses should review in today’s dynamic economy.
In the current state of the market, not all cloud providers can step up to the challenge of providing an integrated offering, and that forces companies to manage more than they want to. As a leading cloud ERP company, NetSuite delivers not only a true cloud platform, but a truly integrated suite for our growing global customer base of more than 40,000. SuiteSuccess is helping hundreds of new customers deploy the platform faster and leverage leading business process practices to both create and realize value within their organization much sooner than traditional approaches.
Don't let the audit process stand in the way of your growing business. Learn how to automate your audit processes with an ERP system that saves you money and keeps your business healthy.
Planning and budgeting are vital to smart, fact-based business decision-making, but many finance teams are mired in time-consuming, inefficient processes, using basic tools that deliver questionable results. In this white paper, we consider an approach to budgeting and planning that is based on best practices and leveraging the cloud.
Once a business has experienced success at home, international expansion is often seen as the logical next step. This can be particularly challenging for high-growth organizations that often find themselves expanding rapidly without established structures and processes, lack of experienced staff, stretched resources and a strategy that is also evolving as they grow. In this white paper, we consider an approach to international expansion that is based on best practices and leveraging the cloud.
It's easy to become vexed by the new ASC 606 revenue recognition standards and overwhelmed at how to comply. But it can be quite simple—even as simple as depreciating a fixed asset. With the right software that manages seamless billing processes all the way through revenue recognition, businesses can ease compliance with ASC 606.
“Digital transformation” is an industry buzzword, but not many people understand what digital innovation encompasses. Download the infographic to figure out what digital innovation really means and how companies are investing in it.
Baseball has always collected in-game data. However, until recently, fans didn't have easy access to the various statistics that coaches used for key decisions important for the development of the players and success on the baseball field. It's not unlike how traditional business intelligence is delivered. Data and reports are set aside for a few experts who determine what is important for you. Wouldn't it be great if business reporting could be as timely, seamless, efficient and cost-effective as watching a baseball game on TV or a mobile device? It can be is you use NetSuite.
While often overlooked, a company's IT system may either be an obstacle or enabler of continued expansion. In this ChainLink report, we explore two examples of companies that outgrew their existing IT system and the growth results they have seen as a result of their investment in a new system.
Despite differing missions and objectives, there seems to be one universal goal for all businesses: Sustained growth. It is important to understand not only what your company can do to achieve growth, but also what might be holding you back from that growth. Read this report from ChainLink Research to understand the indicators that a company’s growth is constrained by its core system.
Despite the art and science of inventory management that has been developed over the years, many challenges still persist. Globalization, dramatic changes in business models including the rise of ecommerce, and advances in technology are forcing companies to re-examine their inventory management processes.
In this report, we will discuss the challenges and strategies for addressing the inventory dilemma. In doing so, we hope to broaden your view of what it means to manage inventory while also showing how the right technology partner can help to achieve both your financial and customer satisfaction goals of inventory management.
Blockchain, the technology behind bitcoin, is one of the most talked about and intriguing technologies of the moment. This emerging technology is doing to transactions what the internet did to information, and it has the potential to disrupt many industries and businesses. Download report by Technology Evaluation Centers to discover the implications of blockchain on the modern business world and the related technology providers.
Switching to a new ERP is a huge investment—every company making the move needs to consider the real benefits, costs and risks of taking action. Download report by Forrester Consulting to discover the quantified benefits of NetSuite ERP.
The system landscape of many companies, either in startup or complacency mode, includes QuickBooks as a financial management system and FishBowl as an “add-on” inventory management system. However, both systems have their limitations, which ultimately impact a company’s ability to innovate, scale and grow.
Read this white paper to understand the limitations of QuickBooks and FishBowl, and the value of managing your financials and inventory on one, integrated business management system like NetSuite.
As businesses grow and evolve, they add software and systems to manage departments, automate processes and provide insights into operations. This iterative process, done based on growth, competition and other factors, is rarely done holistically with long term goals in mind. The result is what many have deemed a "business system hairball". The emergence of cloud-based applications and Software-as-a-Service hasn't eliminated the hairball, it's just moved it to the cloud as low upfront costs facilitate departmental purchases without oversight from IT or costly hardware investments.
Read this white paper to understand how most businesses find themselves with a business system hairball, and learn how a holistic business management platform like NetSuite could simplify your back-end systems and untangle the mess.
Utilizing 20 years of experience delivering and implementing their cloud-based ERP platform, NetSuite has developed a new customer engagement model and business optimization method called SuiteSuccess. Since SuiteSuccess' formal announcement at SuiteWorld 2017, NetSuite has worked with several customers developing and refining its groundbreaking methodology. Read this Mint Jutras article to understand NetSuite's SuiteSuccess methodology and the value it has brought to a number of companies across multiple industries.
NetSuite has been named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Finance and Accounting Applications 2017 Vendor Assessment.
NetSuite, a pioneer in cloud computing and the first cloud ERP company, now helps more than 22,000 customers in more than 200 countries and territories transform their business operations and run their mission-critical business processes in the cloud.
The IDC assessment was based on an evaluation of 10 of the leading SaaS and cloud-enabled financial and accounting applications software vendors in the market and based on a wide range of criteria, which include functionality, discussions with references, their perception of the vendor and software in terms of technical support, account management, marketing message, total cost of ownership, ease of integration, user interface, and ROI, among others.
Read an excerpt from the report to see what IDC has to say about us. Learn about IDC vendor inclusion criteria, marketscape methodology, advice for technology buyers, NetSuite analysis and more.
Does SaaS save money? Traditional vendors of IT products and services argue that systems deployed on-premises are more cost-effective over the long run than their cloud-based counterparts. Cloud providers, on the other hand, argue that the upfront savings are significant and that the real benefits of SaaS are not in direct cost savings but in the strategic advantages that the cloud brings to the organization. For organizations to make intelligent decisions regarding the cloud, it is important to understand the relative costs of SaaS vs. on-premises systems. Download report from Computer Economics to uncover the truth about the strategic benefits of cloud computing.
As organizations realize the benefits of cloud computing, an increasing number are committed to moving as many of their applications as possible away from their on-premises infrastructure. Without cloud ERP, an organization will still be running a significant percentage of its application portfolio on-premises. This report developed by Computer Economics describes the two major categories of cloud ERP buyers, as well as the two major categories of cloud ERP providers and concludes with recommendations for buyers looking to make the best choice.
NetSuite has been named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Midmarket ERP Applications 2017 Vendor Assessment.
NetSuite, a pioneer in cloud computing and the first cloud ERP company, now helps more than 22,000 customers in 203 countries and dependent territories transform their business operations and run their mission-critical business processes in the cloud.
The IDC assessment was based on an evaluation of 14 of the leading SaaS and cloud-enabled vendors in the market and based on a wide range of criteria, which include: functionality, user interface, ease of use and implementation, scalability, language support, pricing model, financial stability and innovation and investment, among others.
Read an excerpt from the report to see what IDC has to say about us. Learn about IDC vendor inclusion criteria, advice for technology buyers, NetSuite analysis and more.
We use the terms "smart" and "intelligence" a lot today, making the assumption our audience knows what we mean. Enterprise application solution providers do it all the time. They talk about smart devices, smart machines and even smart cities. Are we all on the same page, talking about the same things? Hardly. Just as there are different levels of intelligence in human beings, there are different levels of intelligence in enterprise applications. Download report to sort through some of the latest features, functions and even some new products coming on the market today.
The race to the cloud is on! Large enterprise solution vendors claim to be the biggest; others claim to be the first, or the fastest growing, or the most complete. Do all these claims to be the biggest and best really matter to the companies moving in this direction? Download report to learn how buyers can separate the wheat from the chaff and find the ERP system that is right for their needs.
Many small and medium-size businesses fear Enterprise Resource Planning (ERP) thinking it is too costly and complex for a business their size. Between stories and first hand experience of early ERP solutions, many see ERP as hard to implement and even harder to use. Enter Software-as-a-Service (SaaS), which can equip modern businesses with feature-rich, easy to use and affordable ERP. Download the report and hear from companies first hand about the benefits of making the move to cloud ERP.
The Cloud continues to hang over the business computing landscape like, well, a cloud. Public cloud, private cloud, hybrid cloud, SaaS, PaaS, IaaS—all of it makes for a confusing alphabet soup for even the most experienced industry observers and IT pros.
And, as longstanding technology firms look for ways to get into the market and new entrants emerge, creating new terminology, claiming firsts and generally obfuscating the entire landscape, it only promises to get more confusing for technology buyers seeking a cost effective, scalable and agile solution for their needs. This paper serves to provide some clarity around the different flavors of cloud and a detailed explanation of why multi-tenant SaaS offers the greatest combination of value, agility and scalability.
How can your business harness 20 years of industry-leading best practices in your next ERP implementation and execution? Enter SuiteSuccess—NetSuite's new customer engagement model that helps companies go the first mile fast, but also take on the last mile without expensive customizations and road blocks. Download white paper from Mint Jutras to learn more about the SuiteSuccess methodology and the real benefits associated.
The traditional financial close process implies that closing the books has a defined beginning, middle and end. Now, with the emergence of new trends and technologies such as the cloud, organizations implement modern financial management solutions like NetSuite to help them deliver a continuous close by providing unified platforms that allow for more efficient financial management operations. Learn about the benefits of adopting the continuous close orientation and discover how modern, best-of-breed ERP makes the continuous close a reality.
This whitepaper discusses the ways in which cloud-based ERP drives global efficiencies for multi-national organizations and proposes evaluation criteria for cloud ERP vendor selection.
Enterprises need modern business solutions for modern business needs—and they're not getting them from legacy on-premise providers. Today, a number of drivers are coming together as a perfect storm to encourage enterprise-level adoption of cloud ERP solutions. This whitepaper highlights how modern businesses are rethinking ERP in the age of omnichannel and digital business.
This prescriptive white paper discusses why billing is a strategic business function in today's marketplace and how NetSuite offers a next-generation billing solution to propel your business.
A system of good internal controls is necessary in any organization to minimize errors, misstatements and fraud. Public companies in particular are required to establish effective IT general control frameworks to comply with regulatory requirements such as the Sarbanes-Oxley Act (SOX).
Download this white paper to understand the best practices for developing, deploying and maintaining controls in a NetSuite implementation.
This thought leadership piece is a primer on the new, converged revenue recognition standard—ASC 606. The document offers practical advice on how Finance teams can prepare for compliance, and why a modern cloud-based financial system, with support for complex order management, billing and revenue recognition at its core, is critical for success. The document also describes why ASC 606 impacts the organization beyond Finance (IT, sales, professional services, legal) and provides a timeline for ensuring readiness as the adoption date approaches.
This white paper discusses the significant financial and efficiency benefits that services organizations realize through an optimized resource management process within a Professional Services Automation (PSA) solution.
Very often, SMBs have been faced with relying upon a hairball of dangerously unreliable spreadsheets that support aging accounting systems. This white paper explores the common obstacles faced by SMBs with outdated or disparate systems and addresses how SaaS applications can help mitigate the challenges associated with rapid growth.
Today, the physics of business are being rewritten by a new breed of bold CEOs, CIOs and CFOs. Yet, the harsh reality for most businesses is that the software systems that sit at the core of their organizations are not accelerating human ingenuity. This ebook examines the trends and factors driving change across virtually every industry and features interviews with leaders from some of the fastest-growing, disruptive companies around to share their key insights into business model innovation.
As the pace of innovation accelerates, customer needs change and industries converge, many companies find it challenging for their information technology to support the rapidly changing needs of the business. This whitepaper examines how organizations can evolve their IT infrastructure to enable modern business innovation, agility and growth.
Download this ebook to learn the 8 ways by which outdated ERP systems hold back your business and how "version-less" cloud ERP can help eliminate costly upgrades, reduce IT infrastructure management and drive value with rapid implementation.
This white paper covers the types of inefficiencies caused by running disparate business solutions and systems for different departments and how a software platform that unifies critical business processes helps companies grow more rapidly and profitably. This paper reviews numerous case studies of companies that switched from disparate software systems to an integrated software suite and also covers analysis by independent industry expert, Nucleus Research, of customers' ROI from using an integrated software suite.