Wholesale distribution companies have so many moving parts to juggle. Day-to-day operations can be time-consuming, keeping the company from reaching its true business potential and hindering growth.

With the new revenue recognition requirements implemented by FASB, many companies are looking for support on how to manage these requirements.  The changes to revenue recognition have an impact on both organizational business processes and configurations within the software that manages revenue.  The following article will illustrate considerations when managing the new requirements.  ASC 606 has listed 5 core principles to managing revenue:

Regardless if you are on time and on budget, people make or break a project.  What I’m going to discuss today is not managing scope and change orders, but rather managing changes that team needs to go through.

As humans, we are creatures of habit. When new systems are brought in, it requires the systems adopters to not only to learn a new system, but also change their processes. If change is not properly managed, a seemingly smooth project can be easily thrown off the tracks.  

Project management in NetSuite offers a great deal of flexibility when managing projects and resources.  With that flexibility comes the options to control how you will bill your customers.  In this blog, will cover how to use the following Billing types in NetSuite Projects at a high level:

Does your business need to record sales between subsidiaries? If so, here are a few things to consider. 

In my previous blog, we explored what Project Methodology is meant to do at a high level and why it is important.  When professional services organizations share their methodology with their customers, they are showing them what to expect and preparing them for success.  The more the client is bought into the outlined process and understands the value, the more likely the project is to succeed.

In today’s always-connected world, being able to provide instantaneous feedback to your customers has become a requirement of doing business. Using NetSuite’s saved searches and their built-in email features to automate common notifications is an effective way to meet your customers’ expectations without increasing the workload of your team.  Below are five quick and easy email automation that can be achieved entirely within saved searches – with no development or technical knowledge required.

NetSuite Solution Provider and Field Service Management Software Developer, NextService, Work Together to Better Support Companies with Field Service Requirements.

Diamond Bar, CA – Concentrus, a full-service NetSuite provider, today announced a partnership with Klugo, Australian NetSuite partner and developer of NextService. With this strategic alliance, Concentrus and NextService will help field service organizations across the United States manage every aspect of their business from within NetSuite.

Original press release can be found here.

If you are in the business of “buying or selling”, or “building or selling” you have probably asked this question many times throughout your process: “How much should I stock keep in stock?”. 
This question is very important and drives many business decisions.