Everything listed under: ERP / Accounting

  • Beware the Icebergs in the ERP Selection Process

    That iceberg the size of Delaware now floating free isn’t the only one people need to worry about these days. There’s a virtual armada of icebergs out there today taking the form of legacy ERP providers. These ERP icebergs show many of the same characteristics as their Arctic counterparts. 

  • Lead, Transform, Operate: A Three-Step Imperative for the Modern CFO

    CFOs today face several ever-evolving challenges. Digital disruption continues to change the way business gets done everywhere from self-driving cars to closing the books. Additionally, businesses embracing hybrid business models that are bridging the internet-brick and mortar gap need to experiment and innovate without spending significant amounts of capital and resources.

  • 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.

  • Innovation, Digitalization Still Low Priorities for CFOs, Research Reveals

    For several years, there has been growing recognition of the changing and broadening role of the CFO. In all but the most stagnant organisations, CFOs are taking on strategic duties to complement their traditional financial planning role, and embracing performance management and business partnering. Of course, a massive change in mindset and skillset doesn’t happen overnight – this is an evolution that has been several years in the making, and organisations are at different stages of their journey.

  • NetSuite Gives Finance Visibility, Power for Growing Belgian Software Company

    Like many in finance, Jacob Quartier, vice president of finance at Showpad, wanted to spend less time closing the books and more time providing actionable insight into business performance.

    So, when the time came for the Belgium-based sales enablement software company to move on from an outsourced accounting arrangement to a full accounting solution, finding a platform that could automate many of the cumbersome, manual processes was paramount.

  • OpenSymmetry Replaces Salesforce, FinancialForce with NetSuite for ERP, PSA and CRM

    As it grew, OpenSymmetry, a management consulting and system integrator focused on sales performance management, knew it needed to reevaluate some of its processes and add new software to support it. Yet, when it began evaluating new systems, it found that integrating them with its existing FinancialForce solution would be problematic.

  • 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

  • The Best Professional Services Firms Leverage Integrated Technology, Collaborative Cultures

    Many professional services organizations track key metrics such as net profit, billable utilization and more. The question is how those metrics stack up against peers and competitors in the industry at large. The annual Professional Services Maturity Benchmark report provides some answers. Now in its 10th year, this definitive study by SPI Research, the leading independent technology services research firm, sheds light on a dynamic and growing industry facing changes and challenges.

  • 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.

  • 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.

  • NetSuite Opens Nordic Operations, Expands in Benelux, UK and Ireland

    One key benefit of Oracle’s acquisition of NetSuite is the resources Oracle brings to help NetSuite expand its global capability and reach. Today we’re happy to announce early progress toward that goal.

    In the EMEA region, the overall focus will be on increasing investments and resources for customer success and market expansion in three key areas.

  • NetSuite Deepens Vertical Industry Commitment with Software for Apparel, Footwear and Accessory Retailers, Advertising Agencies and Campus Bookstores

    Given the recent acquisition by Oracle, the NetSuite Global Business Unit now has an even greater breadth of resources and greater depth of domain knowledge about the demands of vertical industries and the segments within them. Combining these resources with NetSuite’s 18 years of experience in building a system to run a business from the cloud gives us the opportunity to move quickly to address new industry segments. 

  • 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?

  • 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. 

  • NetSuite Gets GRC

    The Governance, Risk, and Compliance (GRC) landscape has been rapidly evolving over the last 18 to 24 months, with significant implications for NetSuite and our customers. We’ve seen accelerating adoption in public and public-bound companies, in upmarket and rapid growth midmarket companies, and in compliance-regulated companies, such as nonprofit and education.

  • 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.

  • 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.

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    SuiteWorld 16 in Review: Being Bold, Transforming Industries

    With 8,000 attendees from over 50 countries and 160 breakout sessions, there was an abundance of insight, best practices and inside tips for everyone involved. For those who couldn’t make the event and for those just couldn’t fit everything in, we’ve assembled all the coverage from the NetSuite blog in one location.

  • ‘We Can Bill it’: NetSuite Releases SuiteBilling

    With technology forcing companies in every industry to adopt new business models, NetSuite is giving them the ability to manage product, service and subscription-based models within a single system.NetSuite's new SuiteBilling solution, announced Tuesday at SuiteWorld 2016 in San Jose, Calif. represents the largest investment in man hours NetSuite has ever devoted to a single product, with good reason.

  • 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.

  • Modern Manufacturing Reborn in the Cloud

    Today was an important day for manufacturers struggling to cope with the pace of modern business while being burdened with legacy, on-premise applications built for last generation’s business problems. We are proud to announce the acquisition of IQity Solutions, a privately-held, cloud-based advanced manufacturing software solution natively built on the NetSuite, the #1 Cloud ERP platform.

  • Channel and Systems Integrator Partners Want True Cloud ERP, Not Promises...

    Last week, a record number of delegates attended NetSuite's EMEA Channel Partner conference in London - no surprise, as we've been signing up new channel partners all over the region in the last year - five were announced from around Europe just recently, along with one of Microsoft's largest partners in the UK.

  • Transition from Startup to Fast-Growth to IPO Requires Business Software that Can Keep Pace

    In today's hyper-paced business environment, companies grow lightning-fast. Almost overnight, startups evolve into multinational concerns, inheriting all of the complexities that come with operating globally.This fast track to business performance requires a technology platform...

  • Multi-currency Accounting Software Vital for Global Growth

    For many organizations, the potential of global expansion remains only that thanks to one significant hurdle, the limits of their software.Too many businesses discover that expensive and lengthy software deployment or the functional limits of their financial software, notably a lack of multi-currency GL accounting hinder ambitious plans for global growth.

  • Is Your Legacy ERP System Costing You Innovation?

    The limitations and headaches that come with legacy, on-premise ERP systems become clearer every day.

  • BAMKO Unifies Global Business Data in NetSuite OneWorld

    According to Jake Himelstein, CFO of product sourcing, merchandise, and promotional product distributor BAMKO, "if you're not actively working to improve your system every day, then it's getting worse every day."

  • 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.

  • Cloud Significantly Impacting the Role of CFO in Asia Pacific

    The role of the CFO has traditionally been a “head down, monitor the numbers” sort of role. I remember all too well in my early finance career being seen as a function that primarily existed to run reports and prepare PowerPoint presentations!

  • Customers Share Why They Switched from Microsoft Dynamics GP to NetSuite

    The decision to replace an existing ERP system is never made lightly. Indeed, the time, expense and business upheaval of transitioning systems can scare away companies that confront all manner of business process bottlenecks, limits on growth and inconsistent data with incumbent systems.

     

  • How Long can Early Cloud ERP Adopters Maintain Their Unfair Advantage for?

    Companies running their ERP system in the cloud have a distinct advantage over their competitors thanks to its ability to scale rapidly, roll out to new subsidiaries or divisions easily and the freedom from software and hardware maintenance that it supplies.

  • The Internet of Things and BYOD - What Does the Digital Revolution Mean for Business and Finance?

    Today the Internet of Things (IoT) and Bring Your Own Device (BYOD) are poised to transform the world of business -- whether the workplace and the business processes that sit behind it are ready or not. As more businesses adopt BYOD policies and evaluate the benefits of the IoT...

  • 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.

  • NetSuite Helps Land O' Lakes, Inc. Spread Expansion Plans

    As a member-owned agricultural cooperative, Land O'Lakes, Inc.is a Fortune 200 agribusiness with over $14.2 billion in sales. With deep roots in the industry dating back to its formation in 1921, the company today is as equally focused on time-honored craftsmanship traditions as it is on progressive new innovations driven by technology.

  • The Cloud Changing the Role of the CFO

    If you’re a CFO starting at a new business and don’t want to be called a bean counter make sure you prove your business partner worth to your colleagues. A key to achieving this is to leverage the cloud.

  • 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.

  • NetSuite Brings Customization to the General Ledger

    During his keynote address at SuiteWorld 2014 Wednesday, NetSuite Founder, Chairman and CTO Evan Goldberg announced that the company is bringing unprecedented flexibility to cloud-based general ledgers with SuiteGL...

  • Shaw Industries Outlines its NetSuite Two-Tier ERP Investment

    Shaw Carpets’ CIO Roddy McKaig and Allen Stephens, Shaw’s Manager, IS Strategic Planning, laid out their ERP-driven international business expansion story in a keynote address and dedicated session at SuiteWorld 2014 this week.

  • Good360 Grows Its ‘Good for the Greater Good’ Mission with NetSuite.org

    Founded in 1983, Good360 has grown to become the world’s leader in product philanthropy. Over its 30-year history, the Alexandria, Va.-based nonprofit has distributed more than $7 billion worth of goods to those in need, including goods with a fair market value of $350 million in 2012.As its name implies, Good360 (www.good360.org) strives to broker a virtuous 360-degree circle across its diverse stakeholders—businesses, communities and individuals. The nonprofit works with more than 125 corporat...

  • What is Functional Two-Tier ERP?

    The idea of standardizing on a single on-premise ERP instance globally has failed. As we’ve discussed two-tier ERP is the solution and it typically is deployed as a financial consolidation play. But with NetSuite SuiteCommerce, it is possible to have a functional two-tier ERP system as well.

  • Company Viability, History Critical Considerations in the Cloud

    For all the promises of future functionality, product roadmaps and vision, one of the most important areas to evaluate a software vendor on – particularly a cloud business software vendor – is its track record. As the hype around cloud computing reaches a fever pitch, one of the big cloud computing trends is vendors across the spectrum cloud washing their products, even as startups are emerging daily. Yet for companies ready to invest heavily in a cloud product, especially their critical busines...

  • 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. ...

  • Who’s afraid of ERP upgrades?

    The charts below represent the results of a survey by the Aberdeen Group asking ERP decision makers about their plans for an ERP upgrade. What is wrong with these charts? It’s not a trick question – if you’ve identified nine questions that shouldn’t make sense when applied to your business, you’ve hit the bull’s eye!

  • 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.

  • What is Cloud ERP?

    With multiple definitions around cloud computing, posturing on the part of legacy software vendors and plenty of market hype, we felt it would be instructive to lay out how NetSuite defines cloud ERP. This is our definition, much of which is shared by leading industry analyst firms and thought leaders in the industry. Enterprise Resource Planning (ERP) systems consist of a broad set of software with functionality to manage and monitor a business, including accounting and general ledger, inventor...

  • Cord Promotes International Peace and Development With the Help of NetSuite.org

    Since 1967, the international non-profit organization Cord (www.cord.org.uk) has strived to promote peace in troubled nations in Africa and Asia, most recently Chad, Burundi, Cambodia and Myanmar. Based in the U.K., Cord maintains personnel in each country to work with local communities and help people suffering in the aftermath of conflict.The need is great. Nearly three-quarters of the world’s poorest people live in countries that have recently experienced civil war, and nearly half of states ...

  • 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.

  • More Use Cases for Two Tier ERP

    As we have previously discussed, there are a number of scenarios where a two-tier ERP deployment makes sense. Two tier ERP lets a company maintain its legacy, on-premise ERP systems at headquarters but deploy more agile cloud ERP at new subsidiaries or remote offices, connected to headquarters through pre-built integrations. In a previous post I outlined how two tier ERP makes sense for companies introducing new products or business models and for companies that need to speed up a consolidation ...

  • 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.

  • 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 #...

  • ERP Customization Challenges Extend Beyond Customers Into the Partner Ecosystem

    Eric Kimberling over at Panorama Consulting had some interesting things to say recently about the necessity and perils of customizing an ERP system. As Kimberling explains, “no customization” is a common mantra surrounding ERP implementation. Mantra or not, it is hard to avoid.

  • When Does Two Tier ERP make sense?

    Most organizations have already invested heavily in their existing on-premise ERP systems, both in terms of infrastructure as well as time. However, the emergence and success of cloud-based ERP has made apparent the benefits of the cloud in terms of costs, agility, and flexibility. So, how do organizations take advantage of the benefits that the cloud has to offer while keeping their existing systems in place?

  • Jim McGeever’s SuiteWorld 2013 Keynote: Tuxedos and ERP from the Inside Out

    Why was NetSuite COO Jim McGeever wearing a tuxedo at SuiteWorld 2013? In this recording of NetSuite Chief Operating Officer Jim Mcgeever’s keynote from SuiteWorld 2013, he explains his attire, what NetSuite and James Bond have in common and “ERP from the inside out.” Watch as McGeever describes the benefit of NetSuite as a company’s central data hub, unified billing and the power of OneWorld at multinational companies like Land O’ Lakes and how it can be combined with SuiteCommerce. McGeever al...

  • 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 and Qualcomm are running NetSuite to power their entrep...

  • Cloud ERP Forecast: Up, Up and Away

    Cloud ERP began as a twinkle in the eye in the late 1990s with the promise of enabling businesses to run faster and smarter over the web. That promise is today being realized on a global scale, with phenomenal growth in the cloud solutions market that’s outpacing the IT industry as a whole by a large margin. The momentum behind the cloud is only accelerating as organizations look for an alternative to Stone Age on-premise software and servers that drag down business performance with disjointed p...

  • Six Reasons Finance and Accounting in the Cloud Presents the Next Great BPO Opportunity

    Business Process Outsourcing (BPO) is undergoing a new wave and in the past we’ve discussed how enterprises can engage with global systems integrators in this new model. Yet, I believe Finance and Accounting (F&A) is ready to come of age and the public cloud is the mechanism enterprises and GSIs alike will choose for it. Here’s why: 1.

  • Five Keys to Understanding the Next Wave in Business Process Outsourcing

    The next wave in business process outsourcing (BPO) is coming, driven by the numerous advantages of the public cloud, and global enterprise needs to be prepared for it. Finance and accounting processes will be the next target of global systems integrators (GSIs), but this market will develop very differently than previous BPO arrangements. The lessons enterprises learned over the last couple of decades of BPO engagements will significantly shift the power dynamic between GSIs and clients, becaus...

  • Seven Reasons Two-Tier ERP Fits Growing Enterprises

    Whether your business is growing organically or through acquisition, each time a new business unit joins a typical enterprise it creates new headaches for the financial team. Either work will grind to a halt as a lengthy and costly extension of the enterprise ERP system is created for the new unit, or the finance team will need to develop a new, ad hoc system to pass financial data back and forth with the new entity should it choose to run its own accounting software. Both approaches are costly ...

  • Time to Get Your Multi-Channel Strategy Right

    With the rise of online shopping, pressure on traditional retailers to compete with cheaper prices and greater variety available online provides both risk and opportunity. This continues to be heightened by the strong Australian dollar, which increases consumers’ purchasing power on overseas sites. An estimated $6 billion of sales from Australia in 2011 were purchases on overseas websites, which equates to around 40 percent of overall online sales, according to Frost & Sullivan.

  • Five Ways On-Premise ERP Fails Growing Enterprises

    The cloud is the best way forward for businesses of all sizes, but growing enterprises are particularly handcuffed by the on-premise model of the past. By locking in to a single vendor's costly, infrastructure-heavy products, enterprises actually harm their own interests. Extending the typical "big iron" corporate ERP system to a new subsidiary or operating region is a costly and cumbersome process that can slow a business to a crawl, just when it’s looking for speed.

  • 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 ...

  • NetSuite OneWorld Helps Eco-Friendly Packaging Company Manage Growth While Maintaining Corporate Goa

    Starting a business isn’t always just about money. Sometimes, more than just making profit, someone comes along with a business plan that genuinely makes a difference. This is exactly what BioPak is all about.

  • NetSuite SuiteAcademy Now in Australia

    One of the most talked about technology trends in 2012, cloud computing has seen its popularity grow exponentially as more and more companies choose cloud computing over on-premise systems. Schools like UTS already offer courses for on-premise software like SAP and Oracle. Now they’re recognizing the importance of teaching NetSuite and cloud computing -- both for the country’s future workforce and the job prospects of their students.

  • Accounting and Finance Charged with Achieving Real-Time Visibility, Improved Reporting

    In today’s complex and competitive world, organizations are increasingly calling on their accounting and finance teams to go beyond their traditional role of information suppliers and to provide analytical insight into the business. A recent report, “Rising to the Challenge - Achieving Real-Time Visibility Across the Organization,” examines two key difficulties in fulfilling this new role: improving the management reporting cycle and achieving real-time visibility across the organization.  ...

  • Transparency Taxes Traditional ERP

    Tax authorities around the world are becoming more sophisticated, aggressive and cooperative in enforcing regulatory compliance within their jurisdictions. In particular, they are taking a long, hard look at businesses that appear to be reporting and paying lower taxes than expected. Look no further than recent high profile cases like that of Amazon in the United States where the company is now required to charge and report sales tax in many more states.

  • FH Canada Combats Global Poverty with NetSuite.org

    As the old proverb says, “Give a man a fish and he will eat for a day. Teach a man to fish and he will eat for a lifetime.” That’s the philosophy behind NetSuite.org grantee FH Canada, which strives to help build sustainable, self-sufficient communities around the world, including Bangladesh, Uganda, Haiti, Cambodia, Guatemala and Ethiopia.As part of FH International, the Canadian branch of the organization (http://www.fhcanada.org/) focuses on aiding local communities in building and managing c...

  • Seven Ways Finance Teams Are Being Overworked, and How To Fix It

    Accounting and finance teams are being asked to do more than ever to provide actionable analytical insights and help solve business problems on a daily basis. Unfortunately, the haphazard growth of business systems often gets in the way, and the end result is that financial professionals are being overworked and struggling with financial software systems that are simply not up to the task. Here are some of the most painful ways finance teams are being overworked today: Financial professiona...

  • Cloud ERP in 2012: The Competitive Landscape

    Clearly 2012 was a big year for Cloud ERP. More providers than ever were declaring their commitment to the platform, all while sending some mixed signals as to their true intentions. For a company built on the cloud from the ground up -- strange as that might sound, it’s the truth -- watching the competition struggle with adapting to the new business model all while trying to maintain their legacy business makes for an interesting read.

  • Moving Beyond QuickBooks Business Accounting Software to Truly Run Your Business

    An established, growing business has different needs and responsibilities than a startup, and that need is particularly strong when it comes to business accounting software. Thousands of companies have made the switch from QuickBooks to NetSuite because of the greater capabilities and anytime/anywhere access offered in the NetSuite cloud. Yet, NetSuite provides much more than just accounting software.

  • SAP Raises Maintenance Again, Highlighting Benefits of SaaS

    Under surprising, but maybe not unexpected news, Frank Scavo and Jarret Pazahanick revealed today that SAP is again raising its fees for maintaining software it already sold. SAP has done this before. Four years ago, SAP eliminated its low-cost maintenance option (scroll down to bypass registration).

  • Five Steps in Building a Cloud ERP Practice: Webinar Replay

    We know business application resellers, technology consulting firms, web developers, and mid-market software VARs are all keenly aware of the cloud opportunity and want to understand how to capitalize on it. In fact, there is a $32 billion addressable market for ERP and CRM business applications and we are at a rich inflection point as Y2K-era solutions are reaching end of life and need replacing. Need proof of the interest in building a Cloud ERP practice?

  • New Year, New Reasons to Migrate Off of QuickBooks Accounting Software

    The New Year not only brings new opportunities, but for many companies it is also a time to evaluate performance goals and decide whether their business management and accounting software systems still provide the right tools to support growth.  Many of those businesses find themselves taking a close look at QuickBooks accounting software, the financial system they grew up on. They find that, as they mature, add customers and expand to new locations, they need a better, more complete b...

  • Readers React

    The NetSuite Blog gets its fair share of reader comments. Periodically, we like to share some of the more interesting and useful feedback we get on the blog. Below are some recent comments we received, ranging from DDMRP to cloud security.

  • San Francisco SPCA Focuses on Core Mission of Animal Welfare and Advocacy with NetSuite.org

    It’s not often that business software can make the case that it’s saving lives, but that’s just what’s happening at the San Francisco SPCA with the help of NetSuite and NetSuite.org, the company’s corporate citizenship arm.The SF SPCA is one of the most successful animal welfare organizations in the U.S., with a tradition of commitment and innovation that dates back to its founding in 1868. In fact, the non-profit organization is recognized for pioneering the “no-kill” philosophy that is increas...

  • Cloud, Two Tier ERP the Answer for GSI Business Process Transformation Plans

    Global Systems Integrators (GSIs) looking to the future must look beyond business process outsourcing labor arbitrage projects. Quite simply, most of that work has been signed, sealed and delivered already. Instead, the future revenue stream for GSIs is going to come from developing creative business transformation plans for enterprise clients that provide superior visibility and exceptional collaborative capabilities, while delivering the freedom to experiment with new business models.

  • Enterprise Transformation in the Cloud with NetSuite

    NetSuite is increasingly the platform of choice not simply to manage business processes and accounts in the cloud, but to completely transform enterprise strategy in ways that would take years longer with conventional software. Some of the biggest brands on the Forbes 2000 see NetSuite as their best way forward to success in the highly competitive global marketplace of the 21st century. You will find NetSuite at the heart of the revolution at one of the nation's biggest clothiers, which is about...

  • Wholesaler’s ERP Customization Pays Off with Stock Management Software

    Fresh Produce Group, an Australian wholesaler, has seen approximately $1 million in cost savings a year since installing NetSuite. The company runs NetSuite across the business, from financials to inventory management, through the sales process and even tracks stock issues with Netsuite’s case management functionality. Aside from the significant savings, Fresh Produce Group was able to build a couple of modules for its specific business, thanks to NetSuite’s easy ERP customization.

  • Change Management for NetSuite Install Prompts Funeral, Birthday Party at Blandin Foundation

    Change management is often a make-or-break component of any major technology project and sometimes it takes serious steps to get it done right -- as serious as a funeral.The Blandin Foundation, Minnesota’s largest rural-focused foundation, serving these communities with grants, scholarships, community leadership programs and public policy advocacy, took a creative approach when it implemented NetSuite recently.Instead of following an antiseptic, formulaic approach that a Big Consulting firm migh...

  • Two-Tier ERP the Swiss Army Knife for the Enterprise

    I will engage with anyone, anywhere about the reasons NetSuite is a suitable end-to-end solution for any enterprise, regardless of size. But companies can benefit from our capabilities without turning off all of their other systems. The most obvious application of NetSuite as a targeted solution is the growing adoption of two-tier ERP, when NetSuite is rolled out to divisions or worldwide subsidiaries while headquarters stays on the incumbent ERP system.

  • Kiva Focuses on Core Mission of Alleviating Poverty with NetSuite

    Founded in 2005, the non-profit organization Kiva has been remarkably successful in its mission to help alleviate poverty by facilitating microfinance loans to entrepreneurs in nearly 70 countries around the world.Growing steadily each year, the San Francisco-based non-profit has connected nearly 850,000 lenders and $377 million to borrowers around the world since its launch. With a 99 percent repayment rate, Kiva is making a genuine difference in economic conditions and quality of life in some ...

  • 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.

  • Getting Tough on Tax: The Increasing Importance of VAT Compliance

    Unless you’ve been running your business from under a rock, you’ll know that VAT has been steadily rising across Europe over the last few years. Thanks to well-documented financial pressures, governments have been making VAT adjustments, with Hungary, Italy and Spain all increasing their rates at the drop of a hat last year. Rather confusingly, the UK reduced its rate from 17.5% to 15%, before returning to 17.5% and finally increasing to 20% in January 2011.

  • Fund Accounting for Nonprofits: A Responsible, Accessible Approach

    The accounting needs of a small, local charity and a global NGO start from the same basic concept – effective stewardship of donor funds. Most nonprofits must break down income and expenditures on a program-by-program basis, which means maintaining a distinct ledger for each operating fund. For instance, a simple monthly office rent bill for $1,000 may need to be proportionally distributed across a half-dozen programs which operate out of that office.

  • A Cure for Quote-to-Cash Inefficiencies

    The quote-to-cash cycle is where the real money is made or lost in competitive enterprise. Not simply because of the prospect at the beginning and the payment at the end, although those are certainly crucial steps. It's because the Q2C cycle is where you find dozens of opportunities to create efficiencies, from finding the right part from the right warehouse to meet the customer's need today to securing the best possible credit terms.

  • Manufacturing the Cloud: 2 Tier or Not 2 Tier...

    ... Yes, that is indeed the question. This week finds your avid blogger manning the NetSuite booth at the Oracle OpenWorld conference in San Francisco.

  • Why are the World’s Most Game-Changing Companies Standardizing on Cloud ERP?

    The new generation of leading companies think, act and operate differently and are changing the dynamics of business.  The most innovative companies are growing at meteoric unprecedented rates, winning market share, and transforming industries. Kiva, who has revolutionized the micro-finance industry, supports the distribution of more than $300 million in loans to entrepreneurs in 55 countries.  Splunk pioneered the new “Big Data” space and continues its success with a recent IPO on NAS...

  • Two-Tier ERP: Embrace the Cloud Faster

    Someday, all business will run in the cloud. That's the vision NetSuite was founded on, and that's the reality we have worked to help our customers achieve. Today, things are a little more complicated, which is why a growing number of larger companies are taking a two-tier approach to cloud ERP.

  • Taking Your Business Overseas? Pack Your Passport, and Cloud Financials

    Expanding your business to new markets is exciting on many levels. But once the thrill of new potential and new cultures wears off, you are left with a very important, utilitarian problem—how will we keep track of profit and loss in this new office, in this new currency, with this new set of tax and regulatory requirements? In the past, the solution was typically to extend a complex corporate ERP system to the satellite office, or adopt a regional accounting package and go through the cumbersome...

  • Where Do Microsoft Great Plains Users Want to Go Today? To the Cloud.

    Remember the old Microsoft ad slogan, “Where do you want to go today?” If that question was asked of Microsoft Dynamics GP (Great Plains) users, you would hear the answer: “To the Cloud!” Great Plains users are fed up with business inefficiency, poor visibility and ongoing maintenance, integration and upgrade issues with Microsoft’s on-premise software. They are migrating to NetSuite, the world’s leading cloud ERP system, and you can hear why at theTuesday, July 24 webinar, “Why It’s Time to Upg...

  • Business Transformation with Cloud ERP

    When a prospective customer running QuickBooks, spreadsheets and/or on-premise ERP gets in touch with NetSuite, we always ask the business and IT challenges they face. The answers vary by industry, but several themes are common: Limited visibility into key business metrics Poor productivity from manual data management across disparate systems Lengthy and error-prone financial close processes Limitations on ability to grow into new markets Inconsistent data on customers, suppliers and products wi...

  • SuiteWorld: All for One & One for All

    Being a veteran of countless ERP solution user conferences, I’m actually shocked to tell you that I’m really excited about the upcoming SuiteWorld 2012 event in San Francisco, May 14–17. Normally when you attend a user conference hosted by a major ERP vendor, it’s quite a daunting task. Users, employees and partners are encouraged to wear numerous colored ribbons as an adornment to their conference badge to identify not only the industry vertical within which they operate but which solution(s) t...

  • 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...

  • Competitiveness of Many Asia Pacific Countries Tied to Cloud Computing

    The Business Software Alliance in cooperation with the Economist Intelligence Unit (EIU) recently came out with a study that assessed the competitiveness of various countries in supporting a strong IT production sector as measured by indicators such as legal environment, human capital and R&D spending. The study gives decision-makers insight into how the investments that countries make in education, infrastructure, regulation and other enabling factors contribute to the competitiveness of th...

  • Rising to the Challenge: Productivity in Accounting and Finance Organizations

    As part of a strategic partnership, NetSuite recently worked with the Institute of Management Accountants (IMA) on joint research to better understand the key trends and challenges facing accounting and finance organizations. Based on a survey of 1,726 IMA members conducted from September to December 2011, researchers identified the most critical challenges faced by accounting and finance teams today.  To share the results of this research of finance and accounting professionals, we recentl...

  • SuiteWorld Sneak Peek: Order Management and Supply Chain

    Improving order management and supply chain efficiency offers outstanding payback to ecommerce companies and e-tailers, wholesale distributors, manufacturers and others. Is your company taking full advantage of NetSuite to manage your order and supply processes? If you have room for improvement, book your spot for SuiteWorld 2012, May 14–17 in San Francisco.

  • SuiteWorld Sneak Peek: Financial Management in the Cloud

    Want to broaden your knowledge of NetSuite’s financial management functionality? There’s no better opportunity than to join us at SuiteWorld 2012, May 14–17 in San Francisco. Whether you’re a CFO, accounting manager or front-line staff, you’ll gain insights to boost your productivity in our SuiteWorld track on financial management and the NetSuite OneWorld global business solution.

  • How Outdoor Brands Are Leveraging the Cloud for Competitive Advantage

    In late January, NetSuite was a sponsor of the Outdoor Retailer Winter Market, a major event in Salt Lake City, Utah, that showcased products from companies in the outdoor recreation industry. NetSuite has been successfully servicing outdoor companies as our cloud-based business management software solutions allow these retailers to gain competitive advantage in what is an increasingly difficult space to gain visibility and differentiation.  Cloud computing (where key applications to manage...

  • e-Compliance in Latin America

    Any eEconomic crisis is like a snowball—growing and gaining speed and endangering everyone in its path. Access to credit is reduced, people cut their discretionary spending and businesses experience a slowdown and stop investing. Unemployment grows and as fewer transactions are performed, fewer taxes are paid.

  • Keeping Up with Compliance

    For the past two years I’ve been involved in NetSuite ERP tax projects ranging from VAT/GST rate changes (the UK had three changes over two years, Portugal and Italy two each and New Zealand one), the switch to e-filing in many countries and the increased need for a clean audit trail to keep the tax inspectors at bay.  Even in the current tough economic climate, businesses are ensuring that they keep their tax functions well resourced. On the face of it, principles of value added taxation i...

  • Cloud ERP: Freedom to Move, Freedom to Innovate

    People use iPhones and other mobile devices in all sorts of ways—texting, phoning, listening to music, watching movies. But to a large majority of business professionals, these devices and others like them, including today’s ever-lighter laptops, mean one thing more than any other—freedom to move.  Think about it. Just a few years ago, the idea of telecommuting was more a dream than a reality, partly because it was hard to do.

  • Can ERP Keep Up with the Speed of Business?

    Thanks to the web, today’s local startup can become tomorrow’s global competitor—literally. A good business idea and a strong web strategy can create a new market almost overnight. At the same time, that good idea can be quickly swamped by more nimble competitors if it has to drag an outdated ERP infrastructure along behind it.

  • Businesses Still Gambling with Outdated ERP

    Every month, we see more evidence that companies are suffering as a result of being locked into outdated ERP systems. A study published last week by the Technology Evaluation Centers IT research consultancy identified that 55% of mid-market organisations are unable to make data and business process changes to their ERP systems due to the costs associated with outside IT consultation. The research concurs with an earlier Forrester study that found 50% of ERP customers are stuck with aging ERP tha...

  • 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.

  • The IMA Survey: Issues Facing ERP

    Where Would You Improve your ERP? What would you most like to change about your ERP system? Where does the cloud fit in your roadmap?

  • Where’s the Innovation?

    It’s well known that enterprise IT wants and deserves to play a more strategic role in company business operations and planning.  That means becoming more proactive than reactive, aligning IT with your company’s strategic objectives, and finding new ways to put IT innovation to work in building your company’s competitive advantage. The problem is, you can’t do all these things without greatly expanding your budget or substantially cutting costs.  Five years ago this problem might have ...

  • The End of On-Premise Version-Lock

    For as far back as one can remember, it seems like enterprise IT departments and finance teams have simply dealt with the ongoing frustrations, time-sink and risks caused by upgrading their on-premise ERP systems. Large budgets are set aside, top IT talent is redeployed to get the work done and teams of consultants are paid handsome contracts to map out a logical ERP upgrade strategy. Risk is managed through long hours and hard work, and then, upon actually upgrading to the new software, more ti...

  • Sage Switch Guide Provides the Path to a Better Life

    If you are a Sage user, you have probably already experienced the challenges that multiple disparate software solutions have on your ability to grow. Businesses running on Sage often find themselves running too many applications, leading to data duplication, errors and wasted effort. They have to invest valuable time and money in software upgrades, and are rewarded with outdated information and a lack of real-time visibility.

  • Powering the Hyper Growth Small Business

    The web enables a small business to go global instantly – reaching millions of customers and hundreds of millions in a year or two where it used to take a decade or more. But if your accounting and sales systems aren’t aligned to get you where you need to do be,  because your running software like QuickBooks or Sage,  then it can slow any small business down - just as your about to hit the inflection point. The NetSuite Cloud Fuels SMB Growth Beyond The Rack is a great example of align...

  • Outgrown QuickBooks? Don’t Let Your Business Stagnate!

    Are you a startup or high-growth business that has reached an inflection point? Are you beginning that hyper-growth stage where your sales, customers and revenue are skyrocketing, but your business is experiencing growing pains and having major difficulty keeping up with this increased demand? Do you happen to also be using QuickBooks for your accounting software?

  • 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 Two-Tier ERP Matters in Europe

    More than ever before, it’s increasingly easy for companies to operate on a truly global basis, as the likes of mobile technology and virtual workforces counter differences in geographies and time-zones with 24/7 access to data. As a result, many UK businesses are now pieces of a broader puzzle: subsidiaries of larger enterprises that are headquartered elsewhere. To operate efficiently, these companies need complete integration between the headquarters and smaller branches, but it can often be i...

  • 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 ...

  • NetSuite Wins Best Financial Management Software CODiE Award!

    Well, the wait is over at NetSuite. Wednesday May 25th 2011 was SIIA CODiE day, and you might gather from the above picture that yes, we won an award - and a pretty significant one. I was honored to join the awards event, together with fellow NetSuiter's Mei Li, Mei He, and Paige Musto.

  • Mid-Year Market Performance Check-in. Cloud ERP is Mainstream

    No doubt there’s a lot of noise in the cloud marketplace these days. There seems to be a new cloud financial management vendor popping into existence every day. Meanwhile the existing on-premise vendors are desperately trying and disguise their existing portfolios as cloud.

  • Driving Advantage from the Cloud at Lightspeed!

    NetSuite recently hosted a webinar with two wholesale distribution customers, Lightspeed Technologies and Advantage Sign Supply, that focused on how cloud computing has enabled them to simplify and speed operations, unify customer touchpoints and leverage the web to do business better. Wholesale distribution has never been an easy business, particularly in the last couple of years. Companies face constant margin pressure and intense competition.

  • Where Do You Want To Go Today? For Microsoft Great Plains Customers - it’s to the NetSuite Cloud

    Remember the old Microsoft slogan from the 90’s,"Where do you want to go today?”. Well, Microsoft Dynamics GP (Great Plains) customers are already answering that question.  And the answer is the NetSuite cloud. Businesses across a wide range of industries and sizes are on the move from Great Plains–global media companies like Asia Digital Holdings, sports and entertainment firms such as Wasserman Media Group, through to wholesalers like Instrumart.

  • The Future of Software: Cloud ERP Gains Traction in the Enterprise

    I attended a recent webinar by IDC and NetSuite entitled “The Future of Software: Why Cloud Computing Matters to You” and learned some interesting trends about cloud adoption that occurred over the past year, as well as predictions for the future. On the event, Michael Fauscette Group Vice President, Software Business Solutions, IDC confirmed a trend, which at NetSuite we’ve been seeing with our customers - that cloud computing is increasingly being adopted by large enterprises. In fact, IDC for...

  • The Decline of Single Instance Big ERP. Why Two-Tier ERP is on the CIO Agenda

    Remember back in the middle of last decade, when a single enterprise Oracle or SAP instance from corporate to every sub was all the rage? It was touted as the solution to an enterprise’s visibility and consolidation ills. It was meant to be simple: Just take your corporate SAP or Oracle instance, roll it out to your geos and subsidiaries, and wham, your organization is running like clockwork.

  • And You're Worried about Cloud ERP? Survey Finds Nearly Half of SAP Users Unhappy with Performan

    When was the last time your business’ IT team provided your department with a Service Level Commitment for your ERP deployment? How about when they paid a penalty to your department for not delivering the ERP response times you need to run efficiently? Where does your IT team publish your ERP deployment’s performance?

  • Record Number of NetSuite Partners Expected at SuiteWorld 2011

    With less than two months to go before the big event, NetSuite has already surpassed 1,000 registrants for SuiteWorld 2011 and the number of customers, partners and developers just keeps growing. While SuiteWorld 2011 is NetSuite’s first user conference, it follows on the heels of last year’s successful SuiteCloud partner-only conference. And SuiteWorld this year includes dedicated content for the NetSuite partner ecosystem.

  • The IMA Survey Data is in! How Finance Views Cloud ERP

    Where is the finance organization in adopting cloud technologies? What are the frustrations with the current on-premise ERP systems that finance organizations typically use? And what excites finance teams about cloud based applications?

  • 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...

  • Five Best Practices for Successfully Deploying Cloud-Based Financials

    Exclusive NetSuite and IMA Webinar If you missed the last webinar co-hosted by the IMA (Institute of Management Accountants) and NetSuite on "What the Cloud Means to Finance" this is your chance to join us for another exclusive event. This webinar, "Five Best Practices for Successfully Deploying Cloud-Based Financials," will provide practical insights from senior financial executives at three businesses that took their financials to the cloud. They’ll discuss the drivers, key evaluatio...

  • Cloud and SaaS Financials Adoption — the Latest Pulse

    Proformative, a leading online community for finance and accounting professionals, recently conducted a survey to measure attitudes toward cloud and SaaS accounting software applications amongst financial executives.  The results once again reinforce the growing momentum of the move from traditional on-premise applications to cloud financials, while shedding some light on what finance executives feel are the positives and risks related to this increasingly adopted technology.  A few ke...

  • What would you like to see at SuiteWorld 2011?

    ERP influencer Dennis Howlett wrote a nice post on what he’d like to see at NetSuite SuiteWorld 2011 in response to the below post from Mini Peiris. Check out his post here. Thanks for the input Dennis!

  • Is a Software Hairball Choking Your Business?

    We recently launched our latest software hairball video along with a new Hairball Elimination Kit to humorously increase awareness of the wasteful habit among growing and mid-sized businesses to compile disparate and siloed systems over time. The idea is to help these companies self-diagnose the “ailment” we call Software Hairball Syndrome (SHS). Identification of SHS as a critical business issue may fly under the radar for many companies because it affects multiple functions...

  • SuiteWorld User Conference: What Would You Like to See in San Francisco?

    At NetSuite, we're gearing up for 2011 and our first ever user conference: SuiteWorld! We hope you're looking forward to this as much as we are. The NetSuite Nation is a strong and growing community, and we're thrilled to bring our customers and partners all together in San Francisco from May 8 – 12.

  • 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...

  • The Order Management Challenge at Today’s Small Businesses

    Order management at today’s small businesses is a sorely underinvested area – whether you’re a retailer, a wholesale distributor, or any other volume order based business. I’m not talking about just the processing of a web order, or shipping a product, or sending out an invoice. I’m talking about optimizing the whole process - from soup to nuts.

  • 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...

  • The IMA Survey Results Are in - What the Cloud Means to Finance

    NetSuite's new partnership with the Institute of Management Accountants is a real opportunity to understand how cloud based ERP is perceived by finance organizations, as well as get a clear perspective about some of the concerns (and myths) that still remain. Recently, I moderated a panel discussion of CFO's at businesses that had adopted NetSuite's cloud ERP (rather than choosing to plough the traditional on-premise ERP road). The topic of the webinar was "What the Cloud Means to Finance", and ...

  • NetSuite and the Institute of Management Accountants (IMA) Help Address Demand

    We’re excited to announce that NetSuite has partnered with the Institute of Management Accountants (IMA) to help CFOs, controllers and finance executives take advantage of the industry’s rapid movement to cloud accounting software solutions. By combining our leadership in cloud computing with IMA’s decades of experience in meeting the needs of finance professionals, we’re hoping to help IMA members identify gaps in their finance organizations, target growth opportunities and understand how cloud...

  • Stop the Software Integrations!

    For many years, small businesses have been purchasing “best-of-breed” business systems for every department of their organization and then dealing with the repercussions of those decisions later.  It makes sense at first because this approach solves your most immediate pain, shuts up the most loudly screaming department head for awhile, and seems to be the least complicated way of solving their problems.  So companies end up with one system for sales, another for accounting, maybe Exce...

  • Old Age Sage and New Age NetSuite

    The Sage World user conference kicked off the other day in sunny Telford here in the U.K. with the usual PR fanfare—and the not-so-usual spectacle of a couple of NetSuite poster trucks circling the conference centre. Our poster trucks (and some tweets) were light-hearted needling that borrowed a bit from U.K.

  • Huge Cloud Momentum in Channel Sales

    Wow, talk about momentum. We're already seeing huge momentum in the NetSuite partner channel, and this week I'm in Dallas at the XChange Americas 2010 channel sales conference amid a big buzz around cloud computing. It’s safe to say that the cloud is high on the radar screen for just about all of the 500+ attendees here—and NetSuite is at the leading edge.

  • 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...

  • Why Adopting CRM is a Wise Choice for Wholesale Distributors

    Do you ever think about how you managed life before the adoption of certain technologies? Researching information on a topic took used to take a large amount of time, which could have included a trip to the local library. Now we go to the Internet for instant information.

  • 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?

  • Easy eLearning: NetSuite Self-Paced Training

    We are all so busy at work: meetings, project deadlines, conferences.  Yet, we also know that to successfully integrate new information, a new program, or a new system into our work lives, we need training; ideally, we need training in a timely fashion. With NetSuite Central, you have a top-notch training library at your fingertips, any time of day, every day.   Maybe you are onboarding a new group of sales people onto the CRM system, or you've decided to have your AR team take on...

  • NetSuite and the America's Cup: A Firsthand Report

    For the third straight America's Cup competition season and the eighth year running, BMW Oracle Racing (BOR) used NetSuite's powerful solution for accounting, expense and payables management, international tax compliance, reporting, employee records, and multi-currency management. NetSuite employee Matt Leary gives us this firsthand account from the 33rd America's Cup, which ended on March 14 with BOR's victory.  After working with NetSuite customer BMW Oracle Racing (BOR) for five years, I...

  • Your Server Room or the Cloud?

    I was recently asked how a company decides whether an on-premise or a Software as a Service (SaaS) solution is right for them. Clearly, being a NetSuite employee I’m a big fan of the cloud – but prior to NetSuite I spent fifteen years working with businesses mainly installing traditional on-premise systems. To answer the question, it’s been interesting speaking with NetSuite customers over the past year about what led them to unplug their existing finance or CRM software and move to the cloud.

  • Success Tip for a Cloud Implementation Project: User Newsletter

    The success of a cloud computing implementation project often depends on the ability of the organisation to embrace the change. If we are to maximize our chances of moving the organisation in the desired direction, it is critical that we get the entire organisation to buy-in to the vision and expected benefit. Especially in the case of cloud applications which bring a different paradigm of operations to an organisation.

  • Quickly adding "The Official NetSuite Blog" RSS feed to your home page dashboard

    Now that we have this wonderful blog going, wouldn't it be great if you could view all the latest posts from within your NetSuite application? NetSuite dashboards allow you to display key data and content from within the application and from external sources so that you can get a real-time snapshot of everything about your business. With a few clicks, the RSS dashboard portlet allows content from any source that has RSS feeds to show up in NetSuite.