“What Is the 80/20 Inventory Rule?” “22547” Blog Credit: Abby Jenkins , April 19, 2021 (What Is the 80/20 Inventory Rule? | NetSuite) What products deliver the most profitability? Are they the same as your top sellers, or are you moving a high volume of pricey-to-produce items while skimping on marketing for SKUs that yield healthier margins?…

“5 Ways Finance and Sales Should Work Together Toward a Healthier Company” “22544” Blog Credit: Megan O’Brien, February 7, 2022 (5 Ways Finance and Sales Should Work Together Toward a Healthier Company | NetSuite) In short: As the finance department becomes a central source for data, its interactions with other departments, particularly sales, can drive improvements. Increased…

“22541” Blog Credit: Kris Blackmon, February 3, 2022 (Services Firms and Price Hikes: 4 Steps to Increase Profits Without Losing Business | NetSuite) In short: Inflation is putting pressure on services companies to charge customers more. Communicating about price hikes has got to be about alleviating the sting for customers. Success tactics include introducing value tiers and…

“22536” Blog Credit: Joseph Clancey, January 27, 2022 (How NetSuite Scales as Your Business Grows | NetSuite) When an organization procures a cloud-based technology solution, like financial management software and similar business management applications, the solution provider generally stipulates specific service characteristics that identify usage parameters within the account, like monthly transaction volumes, number of users,…

“22533” Blog Credit: Ian McCue, May 18, 2021 (What Is NetSuite and How Does It Work? | NetSuite) In the late 1990s, “cloud” was not a word most people associated with technology. It was certainly not recognized as the future of software. But a few visionaries saw the benefits and tremendous potential of delivering software over…

“22522” Blog Credit: Lisa Schwarz, January 19, 2022 (NetSuite 2022 Release 1 Adds Cash Flow and Project Dashboards, Warehouse Management Efficiency and More | NetSuite) We’ve been waiting almost two years to see just when and how this “new normal” thing is going to shake out, but it seems that — for the foreseeable future —…

“22517” Blog Credit: Matt Crespi, January 31, 2022 (Using Data Analytics to Make the Leap From a $10 Million to $50 Million Company | NetSuite) In short: Data is the global economy’s most valuable resource — and can offer a big boost to small businesses that anticipate strong growth. With slight adjustments to existing business processes,…

“22511” Blog Credit: Jonathan Feldman, January 27, 2022 (Firing Is a Management Failure. The Talent Crunch Should Drive a Rethinking) In short: Retrain and reposition is always a better option than replace. Now more than ever, work with what you’ve got, because hiring is difficult and expensive. Here’s how to think about terminations now. Achieve Better…

Blog Credit: Ian McCue , October 8, 2020 (15 Use Cases for Enterprise Resource Planning (ERP) | NetSuite) If you’re a business owner or finance leader, you likely already know the “what” of enterprise resource planning (ERP) software: It’s a unified database and set of applications that brings together financials, supply chain, human resources, customer service…

“22492” Blog Credit: Megan O’Brien, January 24, 2022 (Making the Case for the CFO as the Chief Data Officer | NetSuite) In short: As automation comes to finance, what new value can the finance team bring to the business? Author and CFO Glenn Hopper argues that the CFO has the potential to become the chief…