Everything listed under: Software Industry

  • ScienceLogic Picks NetSuite to Help Scale Rapidly Growing Business

    ScienceLogic has learned the difficulties of running a rapidly growing technology business on spreadsheets. It chose a system that could serve its needs now, and down the road.

  • Six Critical Steps in Launching a Successful IPO

    Learn what fast-growing companies need to prepare for to launch a successful initial public offering (IPO).

  • Shiftgig Grows and Refines Its Business as It Seeks to Change the Way People Work

    The people at Shiftgig know a thing or two about pivoting – and succeeding.Originally created as a job board for temporary workers (primarily in the restaurant and service industries), the business pivoted to become the leading mobile technology platform that is focused on connecting high-quality, vetted, hourly workers with businesses who need them. 

  • 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.

  • 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.

  • Unified Services, Financial and Customer Data Drives Insight at Golden Star Technology

    Golden Star Technology Inc. (GST) got its start selling whitebox PCs at Silicon Valley swap meets in 1984, back when 256 KB of RAM was cutting-edge and the floppy disk was a staple of computing. As the IT industry evolved, so has GST. Today, the Cerritos, Calif.-based GST is a leading IT and AV integrator and reseller, supplying more than 2,000 customers in public sector, hospitality and other industries with IT data center and audio-visual services and solutions.

  • What’s Next for Software Companies at SuiteWorld

    It seems like every day something new is impacting the software industry. Whether it be new technology, new rules or new business models, it’s clear that the industry needs to understand what is coming next and how best to prepare. To meet that goal, this year’s SuiteWorld event in Las Vegas will specifically address all the new and next features that software companies can expect.

  • ASC 606 Promises Audit Fee Changes, Disclosure Complexities

    Upcoming changes to ASC 606 could have an impact on audit fees moving forward. At least that’s what about half the attendees at a recent webinar think. In Part 2 of our 4-Part series around Revenue Recognition and preparing for ASC 606, we heard from Prasadh Cadambi, Partner at KPMG and someone that has been living and breathing ASC 606 for over eight years. Cadambi spent two years with the Financial Accounting Standards Board, FASB, specializing on Revenue recognition which led to his experience with ASC 606

  • An Early Cloud ERP Adopter, GHA Technologies Grows Its VAR Business 5x

    Value-added resellers deliver computing equipment, software and services that help organizations improve efficiency and visibility across their operations. VARs need those same capabilities themselves to thrive in a fast-paced and fiercely competitive industry that puts a premium on customer service. GHA Technologies knows that first-hand. 

  • Majority of Companies Remain Unprepared for ASC 606 Rev Rec Changes

    Last week, we kicked off Part 1 of our 4-part webinar series over “Everything You Need to Know to Prepare Your Business for the New Revenue Recognition Standard ASC 606,” with Ranga Bodla, Head of Industry Marketing at NetSuite and our guest speaker and thought leader on the topic, Mike Forman, NetSuite’s Corporate Controller. The most surprising aspect that came out of the webinar was not the overwhelming number of attendees who attended but the results we received from our poll on how prepared businesses are for the change.

  • Tips on Achieving ‘Best-of-the-Best’ Performance in Professional Services

    What does it take to excel as a professional services organization (PSO)? The challenges are many in a fast-changing and highly competitive market. In 2016, PSO profitability declined by 8.4 percent, according to the 10th annual Professional Services Maturity Benchmark study by SPI Research, the leading research consultancy in the professional services industry.

  • NetSuite Controller Offers Front Line Advice for Preparing for ASC 606

    As the Global Controller at the NetSuite Global Business Unit and formerly the Senior Vice President of Finance, Global Controller & Accounting Officer before Oracle’s acquisition, Mike Forman has had a central role in preparing the company for ASC 606, Revenue from Contracts with Customers, the new rules that are set to go into effect next year. With the rules expected to have an impact on many industries, and software companies in particular, we sat down with him to discuss how the team at NetSuite prepared.

  • Quicken Hastens Toward New Future with NetSuite

    On the flip side of the record pace of mergers and acquisitions over the last couple of years is the rapid growth in companies divesting of product lines. Seeking to drive greater focus on core products, meet financing needs, and keep pace with market changes, companies are pursing divestitures at a record pace– with more than half of those surveyed in Deloitte’s M & A Trends Report, 2016 Edition reporting that they expected their companies to divest business lines over the next 12 months. That’s up from 39 percent last year.

  • ThousandEyes Secures the Future with NetSuite OneWorld

    The 21st century economy can be described with plenty of amazing superlatives. We enjoy high-speed wireless networks almost everywhere people live and work, miniaturization that brings tremendous computing power to an astounding array of devices, and untold access to life-prolonging inventions.

  • Five Trends Destined to Impact Software Companies in 2017

    Every year brings change to the software industry but with a new administration, amendments to revenue recognition rules and ongoing business model evolution, 2017 promises to be especially challenging. Tech companies will be faced with even more unique challenges including adapting to new accounting standards in preparation for ASC 606, embracing hybrid business models with a myriad of billing options, and meeting the compliance requirements associated with an IPO. While the backdrop for the software industry is quite bright, the challenges associated with sustaining and managing growth have never been more daunting.

  • Resource Management is a Fluid Process – Make Sure Your PSA is as Well

    I’ve run at least a hundred or more discoveries over the past few years at NetSuite and learned that the need to gain better visibility into their resources is one of the most common themes for services firms. From utilization tracking, to capacity planning, to finding the right skills for a project, relying on spreadsheets or, even worse, tribal knowledge at weekly meetings can make the process very inefficient.

  • Key Considerations for Simplifying the Complexity of the new Revenue Recognition Rules

    Anyone planning to try and account for revenue recognition (RevRec) under the new accounting standards ASC 605 and ASC 606/IFRS 15 using a spreadsheet, needs to be aware that this is going to introduce more complexity not less. It’s a significant consideration. As finance contends with the new rules, interpretation of the regulatory landscape can be tricky and misstatements can have devastating consequences.

  • Should PSA Software be Closer to the CRM, the HCM or to the ERP?

    There’s been a lot of discussion regarding the alignment of a PSA solution relative to other enterprise solutions. Should the PSA be tied to the CRM? Should it be built out as part of the HCM?

  • NetSuite a Recurring Theme Among the Deloitte Fast 500

    Fast-growing companies always seem to have several things in common: interesting products; innovative business models; remarkable services; and great leadership teams. With the 2016 Deloitte Fast 500, this is especially true.

  • Hybrid is the New Black for Business Models

    In today’s hyper-competitive marketplace, businesses are in constant “hunting mode” to monetize their offerings and under relentless pressure to launch, build and grow recurring revenue streams as a means to survive. Hybrid business models have emerged as a direct result of this “survival of the fittest” phenomenon. 

  • How to Simplify Time and Expense Management with Mobile Apps

    After a lengthy assignment at a client site, a long plane flight home and unpacking, the last thing a professional services road warrior wants to do is sit down for the dreaded chore of entering their time and sorting through a pile of expense receipts. Mobile apps for time and expense entry alleviate the pain. 

  • Imperva, Cloudera Navigate the Top Five Trends in Professional Services

    A few weeks ago, amid a crowd of professional services executives, practitioners and leaders at a Silicon Valley event, I was reminded of how dramatically the professional services industry has changed in recent years.Once upon a time, professional services was based on simplistic business models of sell, sign a contract and deliver services. Now the model is exponentially more complex and challenging. 

  • Advancing from Reactive to Proactive Project Reporting in Professional Services

    Playing catch-up on project status reporting is a dangerous game in professional services. And it’s an unpleasant one, especially if you find yourself crunching numbers in Excel from various reports and applications on a Sunday evening in preparation for a big Monday morning project status meeting.But the project status catch-up game is not uncommon. 

  • Three Reasons Why Billing Has Become a Strategic Function

    A closer look at the marketplace today reveals a dramatic shift in ownership models: from perpetual ownership and fixed-term subscription models to hybrid models that combine products, subscriptions and services. This is driving how businesses sell. Sellers have shifted their focus from a transaction-focused relationship with the customer to viewing it as a relationship that needs to be built and nurtured.

  • How Barcoding, Inc. Accelerated the Quote-To-Cash Process

    A few years ago, Barcoding Inc. did what many companies must do to thrive in an increasingly competitive marketplace: It added a service component to what had been a product company.Doing so meant new layers of complexity piled on an already strained IT environment. 

  • Advanced Budget Management Critical for Reining in Project Costs at Professional Services Firms

    Many professional services firms have endured nightmare projects that spiral out of control. A budget is set and resources allocated, but as the project unfolds, scope creep, unexpected twists and client demands blow your budget out of the water. The root causes can be many. 

  • NetSuite for iPhone Mobile App Puts Mission Critical Business Processes in the Hands and on the Wrists of On-the-Go Professionals

    Have you ever needed to quickly access key business data right before going into a meeting with a client? If you have found yourself in that situation, not only are you a prisoner to the software systems that you use (good luck if you use on-premise software), but you can also be limited by the amount and type of information they make available on mobile. 

  • Five Reasons Point Billing Systems Are Failing

    The era of one time, transactional, purchases of products and services is coming to a close. Replacing it is a hyper competitive, customer driven world where products and services are bundled together and paid for continually, provided value continues to be delivered and a competitor hasn’t emerged with a better option at a better price.

  • Agile Software Company Needs an Agile Financial Management System

    A pioneer in agile development, Atlanta-based VersionOne found that, as it grew, its financial processes were anything but agile. With complex financial projections and data spread across multiple, siloed spreadsheets across the business, the company realized that to properly recognize revenue and close the books in a reasonable time frame, its existing processes and an Intacct accounting software solution would not suffice. 

  • Tile Finds an Elegant Solution to an Age-old Problem

    Mike Farley, cofounder and CEO of Tile, talks about his journey in starting Tile and how Tiles are helping make the world more connected.

  • Building a Successful Start-Up in the Czech Republic with Passion, Recruiting, and Nerf

    As the resident #NetSuiteNomad this year I will be traveling to a different country each month as an evangelist for NetSuite social selling while spending some time with our employees, customers, and partners in every pocket of the world. This month I am in the Czech Republic.

  • Unlocking Your Potential: SuiteWorld16 Software Industry Keynote

    In the first SuiteWorld keynote targeted specifically at software companies, Evan Goldberg, Founder, CTO and Chairman of the Board and Ron Gill, Chief Financial Officer, present “From Startup to Global Enterprise: Unlocking Your Software Company's Full Potential.” In this hour-long presentation, they address NetSuite’s product enhancements for software companies, industry trends and are joined onstage by NetSuite product experts as well as representatives from software companies running NetSuite including Docusign, Genesys and Google.

  • NetSuite Advanced Revenue Management Helping Companies Contend with Evolving Revenue Recognition Landscape

    With new, more onerous revenue recognition regulations due to take effect over the next couple of years, revenue management is already a really big deal. Judging from crowd of SuiteWorld attendees who packed an afternoon session Tuesday, many companies want to get in line with the new regulations before they actually arrive.

  • NetSuite’s ‘North Star’ on the Path to Enterprise Evolution

    NetSuite offered some specifics on its developments for businesses in the software industry on the second day of this year’s SuiteWorld 16 conference and exhibition. In a fast-paced keynote, founder and Chief Technology Officer Evan Goldberg, joined on stage by NetSuite CFO Ron Gill outlined how NetSuite supports software companies along every step of their evolutionary cycle.

  • NetSuite OneWorld Enhancements Give Enterprises Agility and Lets Startups Operate Like Global Firms

    As technology makes the world smaller, today's companies are going global sooner than ever. Whether that means a startup making global expansion a part of the business from day one, or an established company being forced to expand into new markets earlier than anticipated, it translates to added complexity. NetSuite OneWorld was introduced in 2008 to help ease this transition, but as global business management becomes more complex and ubiquitous, more sophistication is needed.

  • SuiteWorld 2016 Hits High Gear for Software Companies

    NetSuite has a long history of helping companies in the software industry run their business better, and this year's SuiteWorld provides software companies with more content targeted toward their specific needs than ever before. From revenue management and compliance to analytics and application development, there are sessions to cover every aspect of running a software company.

  • Structure Drives Innovation as Avant Disrupts Financial Services

    Andrew Beck, Director of Global Operations at Avant, tells us why they embrace disruption in the lending space and what startups can learn from their larger enterprise counterparts.

  • Revenue Recognition: Four Secrets to Telling Your “Money Story”

    Your company’s Money Story, the tale of how revenue is generated, cash flows managed, and the financial viability of the organization today and into the future, is one of the most challenging areas for CFOs and controllers in the software industry. It’s a common refrain I’ve heard at industry gatherings and events. 

  • Deloitte Fast 500 Turn to #1 Cloud ERP

    Every year, Deloitte honors the fastest growing North American companies in the technology, media, telecommunications, life sciences and energy tech sectors through the Technology Fast 500. The winners are selected based on percentage of fiscal year revenue growth over a three year period. 

  • Potential Delay of New FASB Revenue Recognition Standard Deadline no Reason to Delay Preparing

    While there looks to be a slight reprieve on the horizon for those dreading the current timeline for adoption of the Financial Accounting Standards Board (FASB’s) new revenue recognition standard...

  • ESET Reins in Complex Sales Tax with NetSuite and Avalara

    Managing and calculating sales taxes is one of the most pervasive bugaboos companies face, and it's made more daunting by the fact that most companies do it manually.

  • Commvault Prepares for New FASB Revenue Recognition Rules with NetSuite

    When the Financial Accounting Standards Board (FASB) issued new accounting rules that will force companies to rethink their revenue recognition models, Commvault decided it wasn't about to sit around waiting for the new guidelines to take effect.

  • Qlik Deploys NetSuite to Manage Global Business

    Data visualization software provider Qlik detailed its deployment of NetSuite at the annual SuiteWorld conference and exhibition this week.


  • Software Sessions Shine at SuiteWorld

    For software companies hoping to get the most out of SuiteWorld this year, it’s going to require some special planning because the annual conference in San Jose next month is filled with more content than any one attendee is probably going to be able to handle.

  • SuiteWorld Offers Fresh Perspective Into NetSuite Best Practices for ESET

    Over the decade that antivirus software maker ESET has been a NetSuite customer, the company hasn't just been a regular at SuiteWorld. It's presented at the annual conference, been an active participant in both NetSuite's user group and its customer advisory board, and has even served as a customer referral.

  • ERP Upgrades a Thing of the Past at Jive

    Remember when ERP implementations and upgrades were huge, hairy, expensive affairs that could take months to finish? Jive Software certainly does, and it was their experience managing large complex implementations that made them especially happy to migrate to cloud-based ERP software.

  • NetSuite, Deloitte, Hortonworks to Detail Preparations for New FASB Revenue Recognition Accounting Standards

    Businesses will soon face a whole new set of requirements for recognizing revenue. The new Accounting Standards Update (ASU) 2014-09: Revenue from Contracts with Customers, which goes into effect in 2017, was created jointly by the US Financial Accounting Standards Board (FASB) and the International Accounting Standards Board. It provides a single standard for all industries, streamlining the revenue rec...

  • Penguin Computing Reaps the Rewards of Migrating to the NetSuite Cloud

    Penguin Computing knows a thing or two about enterprise technology. The Freemont, Calif.-based company is one of the largest private suppliers of Linux-based enterprise and high performance computing solutions in North America.

  • CommVault Implements NetSuite in Five-Month Period with the Right ERP Team

    A year removed from attending SuiteWorld 2013, when they came to learn all they could about NetSuite prior to an implementation, CommVault representatives returned this year to explain how a great implementation can be achieved if you get the people process right.

  • Callidus, Bazaarvoice Detail Their ROI with NetSuite

    There's been a persistent notion that the cloud hasn't been ready to support enterprise-level ERP. Try telling that to Bazaarvoice and Callidus Software, two companies that have seen the rapid ROI that can be achieved with NetSuite ERP first hand.

  • Fisher-Unitech Marks 10 Years of Growth, 10 Years of Cloud ERP

    For many, ERP upgrades involve long, stressful, working weekends. At Fisher-Unitech, a long-held tradition has been to mark the ERP system upgrade by visiting the local saloon to celebrate the new version.

  • SolarWinds, MindJet Share Tips for Extending NetSuite

    Getting NetSuite up and running is a speedy process that has been engineered to be both intuitive and painless from the start but that’s just the beginning.

  • Planning for a OneWorld Migration

    How does a global company seamlessly replace its legacy accounting system with NetSuite’s OneWorld without creating any downtime in the business? That is what Rick Bradley, head of IT at the Meltwater Group, will share...

  • SuiteWorld 2014 Sneak Peek: Managing Subscriptions and Recurring Billing in High Tech Companies

    Cloud-based software companies charge their customers differently than traditional licensed software firms, and they need to account for those charges and payments differently as well. How different are the two types of payments?

  • SuiteWorld 2014 Sneak Peek: Critical Metrics for SaaS Businesses

    According to research conducted by IDC last year, four out of five new commercial software applications are being built for cloud delivery. That number is likely to rise.

  • Is your Software Company Ready to Start Thinking IPO?

    Going public is a big step for a software company. Preparing for an initial public offering (IPO) is a challenging task and requires exceptional financial management and governance. Potential investors, auditors and underwriters...

  • NetSuite OneWorld Gives Global Mobile Software Provider Openwave a Platform for Future Growth

    Migrating to a new ERP platform is a major undertaking, and it's an even bigger challenge for international companies with multiple offices and subsidiaries. Such was the case with Openwave Messaging and Openwave Mobility...

  • Cloud ERP Provides Key Functionality for Fast-Growing Software Company

    Adaptive Planning has achieved an impressive growth rate--revenue rose 483 percent from 2008 to 2012. The company, which is on Deloitte's 2013 fastest growing technology companies and sells cloud-based corporate performance management and business analytics software

  • Enterprise Services Transformation in the Cloud

    The significant changes that Kronos made not only to their overall business model, but also to their professional services strategy was a story ideally suited for the theme at the recent Technology Services World conference -- ‘Transformation.’

  • Revenue Recognition Presents Challenge to Modern Software Pricing and Practices

    Enterprise buyers of high-tech products and services increasingly expect software companies to cater to their individual requirements in very important ways. These buyers want enterprise software functionality that can be customized to their needs, and to upgrade or downgrade features and capabilities as their requirements evolve. They also want the software vendor to support multiple pricing models to provide flexibility in meeting budgets affordably.

  • NetSuite August Tweets Tout Customers

    As the Summer of 2013 unfortunately draws to a close, we take a look back at some of our favorite tweets in August, a month that saw some big customer wins, happy users, compelling customer success stories and yet another recognition for our professional services automation software.Those are a number of big wins outthere @NetSuite- impressive! The #PaaSwars are going to get better http://t.co/oDLVLnUdPi—Aditya Kamalapurkar (@aoladi) August 13, 2013Tearing into NetSuite FinancialReport writing. ...

  • Software Companies Must Adapt to Recurring Revenue in Subscription Age

    The subscription model has transformed the software industry, and unless your organization is equipped to succeed in the world of recurring revenue, you risk being left behind. This was the premise behind our recent webinar – 5 Keys to Success with a Recurring Revenue Model. Joining me for the discussion were guest speakers Amy Konary, Research Vice President, Software, Licensing, Provisioning and Delivery at IDC, and Rory Cameron, Senior Vice President Corporate Development & Emerging Platf...

  • NetSuite’s July Twitterati

    With major partnerships, big plans for China, more recognition for Zach Nelson and more! July was no lazy summer month for NetSuite. In fact, it was downright busy.NetSuite customers, employees and friends were all there to capture and share the NetSuite experience on Twitter.

  • Software Maintenance - Another Reason to Move to the Cloud

    In February, SAP decided to increase the price of standard support on new contracts, just the latest step in the company’s troubled relationship with maintenance and its customers. A few years ago, customers fought back on SAP's attempts to impose a maintenance fee increase by forcing all customers to move from standard support to enterprise support -- a 22% hike. After a public outcry, SAP backed down.

  • Five Trends That Will Dominate Software Spending in 2013

    Gone are the days when the priorities of a few high-tech startups determined the pace of business technology development. Today, innovators come in all shapes and sizes, and they're all looking to maximize the return on their technology dollars by embracing more flexible and powerful solutions. In the year to come, these X trends will dominate the discussion and set the pace for global technology leadership.

  • Six Reasons Services Resource Planning is a Game-Changer for Services Organizations

    In the 1970s and ‘80s, materials requirements planning helped to transform the manufacturing industry. Now, three decades later, Services resource planning (SRP) is poised to be just as transformative for software and professional services. SRP provides a consistent and comprehensive platform for services organizations to manage the entire client lifecycle, from lead to project to cash.

  • Top Tweets from #NSW13

    NetSuite SuiteWorld 2013 is behind us, and before we start looking ahead to next year’s event, it’s worth taking a look back at the connections, the lessons and the fun that was had at the most recent gathering of customers, partners and press. Some of the keynote addresses have already appeared. Here’s a look back at some of the many tweets that attendees shared.I really love the community that@netsuite has built around its financial platform @iangertler @malinhuffman#SuiteWorld — Jon Ferrara #...

  • Evan Goldberg’s SuiteWorld 2013 Keynote: Future Technology for Transforming Your Business

    At SuiteWorld 2013, NetSuite’s own Dark Knight and CTO, Evan Goldberg, described how NetSuite is helping businesses transform and realize their vision. In the video from the event, Goldberg explains the enhancements NetSuite is making to the product, including new mobile capabilities, NetSuite StickEase, drag-and-drop importing of records to NetSuite files tabs, and what’s coming in the new user experience overhaul. He outlines coming billing, global financials and multi book accounting function...

  • NetSuite CEO Zach Nelson’s SuiteWorld 2013 Address: Operations Transformed, Visions Realized

    NetSuite CEO Zach Nelson opened the annual SuiteWorld event, NetSuite’s customer and partner conference, with a keynote explaining how NetSuite is helping businesses transform their operations and realize their business vision. Watch below as he describes NetSuite’s new manufacturing capabilities and its game-changing partnership with AutoDesk; how NetSuite is leaving its competitors behind; and how enterprise customers like Williams Sonoma are running NetSuite to power their entrepreneurial eff...

  • Piracle brings Automated Check Printing to NetSuite

    The NetSuite ecosystem continues to enhance the core product and the user experience with functionality that make the user’s jobs easier and their business run better. The latest enhancement is a NetSuite integration that’s helping to take the time, hassle and expense out of check writing. For consumers familiar with online banking, automatic payments and deposits, writing checks by hand may seem quaint, but for most businesses it’s the way things are still done.

  • NetSuite in the Twittersphere: Acquisitions, Media Coverage, and Toolkits

    NetSuite has an active and engaged community of followers, customers and fans on Twitter. Today we’re highlighting some of the feedback, comments and shout outs we saw in the last quarter. To keep up to date with the NetSuite Twitter community, be sure to follow us @NetSuite.

  • 10 Tips for Getting the Most Out of SuiteWorld 2013

    With a new location, a new slate of sessions and a wealth of new NetSuite partners and customers, SuiteWorld 2013 promises to be the best one yet.The NetSuite conference is moving from San Francisco to the San Jose Convention Center this year to accommodate the roughly 5,000 attendees expected to be at the show May 13-16. And a show with that kind of turnout with more than 180 breakout sessions requires a little preparation. Here are 10 ways SuiteWorld attendees can ensure they get the most out ...

  • SuiteCloud Developer Tools Offer Multiple Ways to Deliver Solutions

    We wanted to ensure that NetSuite would empower software developers to deliver sophisticated solutions for their customers. That's why SuiteCloud developer tools are designed to provide a wide range of capabilities, from graphical form editing and workflow design to low-level scripting, as well as a complete packaging and distribution system that makes it easy to publish and sell new capabilities to NetSuite users. Many of our developers are able to post integrated applications to the NetSuite e...

  • The False Dawn of the Fake Cloud

    True cloud solutions are designed from the ground up as web-based, multi-tenant, scalable and flexible solutions. In practical terms, that means they are built to ensure that customers do not have to worry about additional fees or labor in maintaining servers or applying upgrades and patches. Enterprise-class cloud solutions are backed by uptime guarantees and are delivered from secure data centers that adhere to stringent compliance standards.

  • Boosting Productivity With SuiteCloud Developer Tools

    Without the right tools, system integrators and developers can find enterprise platforms more of a hindrance than an asset. When we built SuiteCloud, we listened to the frustrations SIs and developers had encountered with other enterprise systems and made developer productivity a priority. That means providing powerful and accessible interfaces which can be learned quickly, visual interfaces to manage complex processes, and ensuring that the complete power of NetSuite is available to all our thi...

  • The SuiteCloud Developer Network: The First Multi Vertical Ecosystem in the Cloud Part 2

    More than 12,000 companies and divisions run NetSuite solutions for their integrated, enterprise-grade ERP, CRM and Ecommerce operations, but the real power of NetSuite isn't only found in a customer record or an inventory screen, but also found in the flexible, extensible and eminently accessible SuiteCloud cloud platform that powers our solution and NetSuite’s growing roster of SuiteApps partners. NetSuite brings the power and potential of SuiteCloud, NetSuite’s customization platform, to...

  • The SuiteCloud Developer Network: The First Multi Vertical Ecosystem in the Cloud – Part 1

    As proud as we are of the comprehensive capabilities found in NetSuite, we knew from the beginning that our users would surprise us with specific feature requests and business process needs particular to their own respective businesses. Within each enterprise exists a galaxy of choices that makes each company unique, and thus requires a flexible platform that offers enhancements to meet specialized business requirements. That's why as hard as we work to make NetSuite the world's most complete en...

  • Recurring Revenue: Best Practices to Overcome Common Challenges

    From home video to enterprise software, global business is shifting to subscription models in a growing number of categories. According to research from IDC, 57 percent of the top 100 global software vendors will collect subscription revenue this year, and over 80 percent of new software firms will be service-based. Those who ignore the opportunities created by recurring revenue models may quickly find themselves in an "adapt or die" situation.

  • Real-Time Analytics: What High-Tech Firms Need to Know, Right Now

    Recent research calls the business intelligence (BI) market one of the fastest-growing sectors in today's tech industry, which means more and more organizations are realizing the value of deep insight into performance. We consistently hear from our software and high-tech customers that real-time analytics, is a particularly high priority. For example, no sector consistently demands and embraces our dashboards more than our software clients.

  • "Hot 100" Software Companies Know NetSuite is the Way to Grow

    We love it when our customers succeed. Every year, investment bank JMP Securities releases the "Hot 100 Best Privately Held Software Companies" list, honoring the brightest stars in the software industry which have not yet gone public. For the second year in a row, NetSuite and NetSuite OneWorld are at the heart of the business processes for over one-third of the companies to receive this honor.

  • Success is Hard, so Make the Financial Close Easy

    I've been fortunate lately to have some great conversations with CFOs of complex, high-tech businesses. We talked about the challenges software companies face in running their finance organizations and it struck me that they share the same challenges. Namely, they all see that their peers all too often make life difficult for themselves by grappling with some of the most basic financial processes—in particular, the monthly and quarterly close.

  • The Cloud Is the Catalyst for Innovation

    Lytro builds a consumer camera that promises to revolutionize photography with its innovative shoot first, focus later design. Square is empowering merchants to use iPad, iPhone and Android devices as credit card readers, reinventing how point-of-sale (POS) transactions are processed. Liquid Robotics has built a marine robot that captures and utilizes wave energy for propulsion, while Jawbone helped pioneer the wireless speaker and headset industry with cutting-edge technology that answered unme...

  • Making THE Revenue Recognition Rule Work for Your Business

    More than two years have passed since the revenue recognition rule came into effect. Formally, I'm talking about the Financial Accounting Standards Board (FASB) rule EITF 08-01, but because of the sweeping and significant changes it made to the way revenue from high-tech and multi-element products sales is recognized, at NetSuite we refer to it simply as the revenue recognition rule. Certainly, it has created new and complicated accounting obligations for a wide range of businesses—not just high...

  • Six Keys To Preparing for a Successful High-Tech IPO

    Taking a company public is one of the most professionally and personally rewarding opportunities for a business leader, particularly in high growth tech and software industries. It can also be fraught with risk, pain and even public humiliation if mishandled—a quick browse through the business pages makes that perfectly clear. Tech IPOs can be soaring successes, with the right planning.

  • SuiteWorld 2012: A Focus on Manufacturing, Wholesale Distribution and Software Verticals

    The verticalization of cloud ERP is one of the hottest trends in the industry, and it’s in the spotlight at SuiteWorld 2012, May 14–17 in San Francisco. If you’re a NetSuite customer or partner in manufacturing, wholesale distribution or the software industry, SuiteWorld is your best opportunity of the year to build your knowledge, network with industry experts and peers, and learn what’s new (and in the pipeline) for NetSuite industry solutions. We’ve put together in-depth sessions for manufact...

  • Old ERP: Gambling with Regulatory Compliance

    Rules, rules and more rules. You know the drill. While your company is doing its best to compete in its industry, it’s also trying to stay current with a seemingly never-ending barrage of accounting and regulatory challenges.

  • NetSuite Powering Private Software Company Success

    Earlier this year, NetSuite announced that its leading cloud ERP powers more than one-third of JMP Securities Hot 100 Private Software Companies. Considered some of the best and brightest in the software industry, these companies are using NetSuite to run their key business processes, from order-to-cash, subscription renewals, billing, financial reporting, revenue recognition and professional services automation. Similar to the JMP Securities Hot 100, AlwaysOn, a premier source for analysis and ...

  • Adapting Your Business Strategies to Today's New Software Revenue Models

    Subscription-based software licensing has gone from a novel concept to a disruptive force to a mainstream business model. By 2015, 24% of all software revenue will be generated by subscriptions, according to research by IDC. For software companies, subscriptions introduce a host of opportunities and challenges.

  • Why having the latest and greatest software matters for Eloqua

    I wrote previously about the experiences of KANA as a software company with NetSuite, based on a panel discussion with executives of three software companies at SuiteWorld. Also on the panel were Eloqua and RightNow Technologies. This was my second experience speaking to Eloqua, having first spoken with their CFO, Don Clarke, on a webinar about Hot 100 Software Companies.

  • The Power of NetSuite for KANA

    At our SuiteWorld conference in May, I had the pleasure of conducting a customer panel with executives of three software companies and discussing with them their companies and the challenges they faced before implementing NetSuite. All of panelists are using NetSuite to run their financials, but in very different financial structures—one is a VC-backed company, another a public company and the third a private equity, or PE-owned, company. Our panel conversation started with Jay Jones, the Chief ...

  • Learn Vertical Best Practices at NetSuite SuiteWorld

    We hope by now you’ve registered for SuiteWorld, NetSuite’s upcoming user and partner conference in San Francisco, May 8-12, 2011.  This promises to be a jammed-packed event with not only great customers from North America, Asia and Europe sharing their best practices within the industries of wholesale distribution, manufacturing, services, software, and ecommerce; but also key members of NetSuite’s product management, professional services, and partner community. I am responsible for the i...

  • A Recurring Theme for Software Companies

    NetSuite recently launched the next iteration of our Software Company Edition, a verticalized version of NetSuite designed specifically for software companies. The focus of this release was on helping companies manage their recurring revenue with new functionality that automates and streamlines renewal processes. For most software companies, recurring revenue is critical and is often used as a metric to gauge the health of a company.

  • SuiteDreams for Dummies

    Wiley Publishing just released NetSuite for Dummies. Now, NetSuite end users can rest easy knowing that the book is generally available at most large retail bookstores and on Amazon.com.  The book is designed to help users quickly maximize their investment in cloud ERP, by providing a comprehensive overview of NetSuite and, in some sections, detailed instructions on specific topics, in an easily digestible format.   (Wiley; ISBN: 978-0-470-19107-1; $24.99) Using the book as a guide, re...

  • SAP Brings Stone-Age Software Economics to Cloud Computing

    The appetite for cloud computing applications among businesses today is dramatic, with leading analyst firms like IDC, forecasting cloud computing to grow six times faster than all software over the next few years.  With more and more companies turning their backs on stone-age on-premise software that’s expensive to buy and run, it’s no surprise that the old on-premise vendors, like SAP, that became addicted to peddling multi-million dollar ERP deployments are frantically trying to jump int...

  • Committing to the Cloud

    Last week, NetSuite announced that RightNow Technologies had selected NetSuite to run its business.  For those of you that may not know RightNow Technologies – from their website - RightNow is a provider of on demand customer experience solutions that help consumer-centric organizations deliver great customer experiences. Put another way by their CEO, Greg Gianforte, part of their goal is having their prospects "throw out their old Siebel deployments and replace them with a multichannel sol...

  • Revenue Recognition Transformation Series with NetSuite

    As some of you in the Bay Area may know, we recently kicked off our Revenue Recognition Series at the Four Seasons, Palo Alto on June 10th. It was standing room only as finance professionals from around the Bay Area gathered to hear NetSuite CEO, Zach Nelson, discuss the strategies needed to adopt the new EITF rules and ways NetSuite is making it easier for companies to comply. Additionally, attendees heard from some of the industry’s top revenue recognition experts including senior executives f...

  • The Clock is Ticking to Adopt the Latest EITF 08-01 Revenue Recognition Rules

    We're firmly over the halfway mark for 2010 – and if you're in the revenue accounting department of a company affected by the new revenue recognition rules, then you know it's definitely getting down to the wire for EITF 08-01 or EITF 09-03 adoption. Maybe you've already adopted the new rules or are in the process - and are juggling spreadsheets to try and handle the new rules right now. But the fact is, for your first fiscal year that starts or started after June 15 this year it's time to adopt...

  • iPad and the Cloud – a Match Made in Heaven?

    Without doubt, one of the key business benefits of cloud computing is the realization of anywhere, anytime access.  This essentially means that you can access your same personalized view and data from your office computer, your home computer, your friend’s computer or an airport kiosk.  Typically the only requirement is a commonly supported internet browser such as IE, Firefox, Chrome or Safari.

  • SuiteApp Spotlight: Bringing Cloud Content Management to NetSuite with Box.net

    Did you ever send a document to a customer only to find out it did not include the last edits from a colleague because those are still stuck in your inbox? You store a lot of business information in NetSuite and use NetSuite to collaborate with colleagues around that information. Can NetSuite also help you to collaborate around - say - spreadsheets?

  • All About the Cloud Conference

    Last week the SIIA (Software & Information Industry Association) hosted the 2010 All About the Cloud conference in San Francisco. This conference is 2.5 days packed with information on the latest trends and developments in the industry. Attendees and exhibitors encompassed software companies from start-up stage to blue chip, Fortune 100 companies, as well as service providers who provide on-premise vendors with services that will help them make the leap to the cloud.

  • Lead Nurturing with NetSuite CRM

    Traditionally organizations have spent a lot of money to generate leads however that has not necessarily guaranteed conversion to better opportunities or increased sales. So how can organizations make the most out of the large number of “not ready to buy” leads? The old process of directly handing those leads over to sales is resulting in fewer conversions and increasing complaints about bad leads.