NetSuite Blog

  • SuiteWorld 2012: A View into the Best Conversations on Services of the Year

    NetSuite hosted SuiteWorld 2012 in San Francisco this past May, and once again our customers demonstrated the enthusiasm, creativity and passion that drives success in their business—and drives NetSuite to continue delivering solutions that improve business performance. In the Services Vertical, that energy was especially evident in the many presentations our customers gave on their use of technology and their success in optimizing business performance. Customer sessions at SuiteWorld were a gol...

  • Yogi Berra and the Wholesale Distribution Industry

    Yogi Berra, the Hall of Fame New York Yankees catcher, might be more famous for his nonsensical aphorisms than for the .285 batting average, 358 home runs and 13 World Series rings he accumulated in the 1940s, ’50s and ’60s. One of my favorite Yogisms: “Ninety percent of the game is mental—the other half is physical.” Why is that a favorite? Because my role here at NetSuite covers the wholesale distribution industry, and Yogi’s blithe remark describes wholesale distribution to a tee.

  • 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...

  • Manufacturing The Cloud: 24 minutes between friends

    There has been much prognostication about NetSuite’s industry leading 99.5% uptime guarantee. As detractors and observers will rightly comment: "that translates to nearly 44 hours of unplanned downtime per year. That is almost 2 full days of ‘allowable’ outage".

  • Fine Wine Business Toasts IT Success with NetSuite Cloud

    The Guardian recently ran an article on cloud computing that highlighted the considerations companies need to make when selecting cloud services. In the article, LHK Fine Wines, supplier of fine and rare wines, describes how it has replaced numerous back-office systems with a single software-as-a-service (SaaS) package from NetSuite to manage financial accounting, inventory and order management, as well as its ecommerce website to “punch way above their weight.” In the article, Tom Mann, managin...

  • NetSuite’s Ability to Help with Conflict Resolution

    Some clients are tightening up their conflict policies, making it increasingly challenging for ad agencies to grow their businesses. According to AdAge, when Marriott recently chose to consolidate its buying power, it created a conflict policy that moved from a typical restriction against having Hilton as a client to a list of competitors ranked by tiers. To win the business, WPP’s MEC had to resign from some rival business in Asia Pacific.1 As agencies try to find revenue growth and as mar...

  • 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...

  • Manufacturing the Cloud: Objects in the Rearview Mirror

    “Objects in the rearview mirror may appear closer than they are.” – Jim Steinman I grew up listening to the music of my older brother and sister, which in the Davidson household in ’70s Glasgow, Scotland, meant a steady diet of what we now call classic rock but in particular AC/DC, Deep Purple, Blue Oyster Cult, Meat Loaf and UFO (who by the way recorded the best live album ever, “Strangers in the Night,” but that’s another story), to name a few. Then the 1980s came around and as everything got ...

  • 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.

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