“Financial Statements Defined: An Expert Guide” “22958” Blog Credit: Kristina Russo, February 11, 2022 (Financial Statements Defined: An Expert Guide | NetSuite) Financial statements are a standardized set of reports that communicate financial information to stakeholders both inside and outside of a company. These statements are important to businesses of all sizes — investors and…

“CRM Requirements Checklist & Free Template” “22955” Blog Credit: Austin Caldwell, March 7, 2022 (CRM Requirements Checklist & Free Template | NetSuite) A customer relationship management (CRM) system can be a game-changer for almost any business. By centralizing customer information and automating marketing, sales and customer service functions, a CRM solution can help drive sales,…

“NetSuite vs. QuickBooks – Why You Should Make the Switch” “22947” Content Credit:  (NetSuite vs. QuickBooks | NetSuite) As your company grows and accounting becomes more complex, you’ll find that entry-level accounting software has clear limits. Handling mature business challenges using spreadsheets and clusters of disparate applications just doesn’t work—which is why companies often upgrade…

“What Is AP Automation and How Does it Work?” “22943” Blog Credit: Scott Beaver, September 25, 2020 (What Is AP Automation and How Does it Work? | NetSuite) As most finance teams know all too well, a manual accounts payable process can be tedious and error-prone. Working through piles of paper invoices, individually contacting relevant…

“CRM Dashboard: KPIs, Examples & Template” “22941”Blog Credit: Austin Caldwell, March 7, 2022 (CRM Dashboard: KPIs, Examples & Template | NetSuite) Sales teams have used metrics to track progress and success for decades. But the reports of yesterday were static, overwhelmingly detailed and incompatible with how the human brain converts information into insight. Today, data-oriented…

“What Is an Inventory Item?” “22937” Blog Credit: Abby Jenkins, March 7, 2022 (What Is an Inventory Item? | NetSuite) Some businesses make things, some sell things, and some do both. Each of those “things” becomes an inventory item for a company, and all of them together constitute a company’s inventory — usually physical assets…

“What Is Order Management? The Ultimate Guide” “22934” Blog Credit: Abby Jenkins, March 11, 2022 (What Is Order Management? The Ultimate Guide | NetSuite) Order management begins as soon as a customer places an order. For a small business, order management can be a relatively simple and manual process — a few orders picked from…

“Survey: CFOs Conservative on Spending, Bullish on Business” “22931” Blog Credit: Art Wittmann, April 18, 2022 (Survey: CFOs Conservative on Spending, Bullish on Business | NetSuite) In short: 500 executives and managers from companies with $250 million or less in annual revenue answered our survey. CFOs and peer executives agree: Payroll spending is a lower…

“What Is Item Master Data?” “22928” Blog Credit: Abby Jenkins, March 11, 2022 (What Is Item Master Data? | NetSuite) When it comes to product information, there is one place in a company’s enterprise resource planning (ERP) system that supply chain analysts and operations employees alike can look to find a product’s suppliers, materials used…

“Essential Guide to Accounts Payable Fraud: Types, How to Spot It & Prevention” “22925” Blog Credit: Scott Beaver, February 17, 2022 (Essential Guide to Accounts Payable Fraud: Types, How to Spot It & Prevention | NetSuite) In order to protect the financial assets and security of an organization, companies of all sizes should be hyperaware…