NetSuite Blog

Everything listed under: Software Industry

  • Deloitte, Bode Miller Describe Changes to Come in Accounting Standards and Ski Racing

    Two things appear to be top of mind for business leaders in the Salt Lake City area, based on the turnout at a recent Next Ready Business Tour event – skiing and changing revenue recognition standards. Approximately 35 attendees came to get advice on ASC 606, the biggest change to accounting standards in over a decade, and to hear from Bode Miller, who returned to the scene of his 2002 Olympic skiing victory. 

  • ROLI Brings Together Music, Design and Engineering to Create a New Instrument

    From home schooling in rural New Hampshire to a Zen monastery in Japan to London’s Royal College of Art, Roland Lamb’s circuitous journey may seem an unlikely one for someone who would reinvent a 17th century instrument. But that breadth of experience, innate curiosity and intelligence were the right recipe for bringing the worlds of music and engineering together to create the ROLI Seaboard.

  • Preparing for 606: Perspectives from KPMG, Nutanix and Quicken

    Leaders from Quicken, Nutanix, and KPMG took to the main stage at Oracle OpenWorld during this year’s SuiteConnect, offering some frontline perspective on upcoming changes to accounting standards. The SuiteConnect event, held this month, did exactly what its name suggests, connect business leaders, innovators, athletes and musicians to discuss today’s trending topics all under one roof. 

  • Breaking Down the Barriers Between Services and Finance

    For software and technology companies, billing and revenue is generally derived from the following elements; perpetual licenses, subscriptions, maintenance (potentially usage and/or hardware) and services. These different elements each have distinct rules to trigger billing and recognize revenue in accordance to local governing regulations. Finance tends to have a good handle on managing the rules and triggers across most elements, albeit some of this work may be managed manually with spreadsheets.

  • SuiteWorld 2017 Software Keynote: Getting to Next

    In the SuiteWorld 2017 software keynote Evan Goldberg, NetSuite Executive Vice President of Development details the challenges confronting software companies, NetSuite’s own journey as a software company and how NetSuite is preparing software businesses for constant change, including the new SuiteSuccess for Software industry solution.

  • Evan Goldberg’s SuiteWorld 2017 Keynote: Ready, Set, Next

    In his keynote for SuiteWorld 2017, NetSuite Executive Vice President details all the new features in NetSuite, including global expansion, industry solutions, omnichannel commerce, global supply chain automation, advanced bill of materials, time sheets in SRP, project profitability reporting, NetSuite for Agencies, NetSuite’s commitment to nonprofits, performance improvements, SuiteCloud platform enhancements, and new integrations between NetSuite and Oracle Planning and Budgeting.

  • Jim McGeever, Mark Hurd Promise More, More, More in SuiteWorld 2017 Keynote: Next Starts Now

    In the opening keynote from SuiteWorld 2017, NetSuite Global Business Unit Executive Vice President Jim McGeever shares what’s next for NetSuite and the industry. McGeever announces SuiteSuccess, a new industry cloud solution, and SuitePeople, core HR functionality built onto the NetSuite platform.

  • SuiteWorld Software Keynote: If its not already, ASC 606 should be your top NEXT

    The three primary forces affecting software companies today are the demand for growth, evolving business models and regulatory changes, NetSuite SVP of Sales Marc Huffman said onstage at the software industry keynote at last week’s SuiteWorld 2017 conference.

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    NetSuite Adds More Features Across Billing, Global, Ecommerce and Deeper Verticals

    Sue Vestri, CFO of Greenphire, a company that provides reimbursement and other financial services for pharmaceutical companies running clinical trials, has been a NetSuite customer at three different companies over nine years.

    That lengthy and varied experience gave her some perspective on NetSuite’s growth.