Everything listed under: Financials

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Post Featured Image

    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.

  • 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...