Professional services is by definition a project-based business. Services firms can have dozens of projects in the pipeline at any given time. Executing those projects on time and on budget is critical to business success. Managing projects effectively is extremely difficult if you rely on cumbersome spreadsheets, manual processes and ad hoc solutions.
A disjointed and siloed approach to project management in professional services wastes time and money. It obscures visibility into project lifecycles and utilization rates. It means running a constant treadmill to track project accounting, time and expenses, personnel, billing, project status and more. It introduces the risk of error and misjudgment that can translate into lost revenue and client dissatisfaction.
And ultimately, it means that management can’t gain the clear, real time view of overall performance and profitability it needs for business agility in a fast-paced and highly competitive environment.
Professional services firms recognize the pains that spreadsheets and ad hoc systems introduce into project management. But until recently, they didn’t have much choice because ERP solutions weren’t geared for project-based businesses. That’s now changed.
NetSuite Services Resource Planning (SRP) gives professional services firms a cloud-based solution that automates and streamlines project management as well as other aspects of the business, includingresource management, project accounting and billing and client management. Cloud SRP represents a revolutionary approach to running a professional services firm, much like materials resources planning (MRP) in the 1990s gave manufacturers a single solution to run their business.
On November 1, NetSuite will host a webinar with Forrester Research to size up the emergence of project-based ERP. Forrester Analyst China Martens will explore the challenges and pressures that professional services project managers face and how project-focused ERP can address those issues.
Register now, and you’ll also hear how NetSuite SRP has improved project management and visibility from two NetSuite customers, Calvin Jackman of MyCom Global Solutions and Christopher Nelson of Splunk. I will discuss what makes SRP one of the leading software innovations of the 21st century.
If your services organization is looking to streamline project management, gain real-time visibility into crucial metrics and increase project margins, don’t miss this event! Sign up now for the webinar, Driving Success in a Project-Based Business.
- Ed Marshall, NetSuite SVP of Product Strategy
But key for every SMB, they wanted to avoid hiring administrative IT and systems administration resources, so the NetSuite cloud was perfect for them.
As Kevin Murphy at Beyond the Rack puts it, "If we had selected a lighter-weight system, we would never have been able to scale, and if we had paid for a conventional on-premise ERP system, a year and a half later, we would still be implementing it."
Fast-forward a year later, and their staffing level is about 8 times the size, sales volumes are about 1,100%, and they’ve added millions of customers since they first launched their SMB success story with NetSuite. By becoming a NetSuite SMB, they’ve, simplified the process of adding hundreds of new products daily, freed up resources for further growth and expansion, and gained worry-free cloud availability to operate smoothly - even during 100-fold traffic spikes caused by sales demand.
NetSuite Stopped Selling Small Business Accounting in 1998!
(We’ve Since Been Selling Small Business Success)
As Ron Gill, NetSuite CFO pointed out at the recent Pacific Crest conference, 40% of NetSuite customers are small businesses. In face NetSuite has been working with small businesses for over 12 years, gaining a Better Business Bureau A+ rating in the process. Net-net, thousands of small businesses run soup to nuts on NetSuite, and we love to hear the success stories!
Now we are bringing the power of the NetSuite cloud to SMB’s in a whole different way, based on that wealth of experience we’ve learned over the years.
Using our SuiteCloud platform, and partnering with innovators like JCurve, we’re able to make implementing cloud business management easier than ever before for small businesses. NetSuite partner, JCurve enables cost conscious small businesses to self-implement on NetSuite, using pre-built wizards, reports, and workflows. In short, combining the self-deployment of QuickBooks with the same powerful NetSuite cloud that Beyond The Rack is using to fuel their growth.
In addition, we’ve also been busy building a channel of small business solution providers that partner closely for success, providing a wealth of experience that small businesses can quickly and locally tap to get off QuickBooks and onto the growth ramp of the cloud.
As Kevin Murphy at Beyond the Rack puts it, "NetSuite made the technical aspects of our implementation ridiculously easy, and were valuable partners in helping us understand our requirements and processes.”
Taking the Next Step
If you’re curious to find out where NetSuite can take your small business, then download our Success Kit: Moving Beyond QuickBooks . You’ll hear the common challenges facing business starting out, and reach customer success stories from businesses like yours that made the move.
via www.netsuiteblogs.com
Quickly Preview Record Detail, Such as on Customers
With the new Fall 2011 release of NetSuite, it's easy to get summary record information and take actions quickly by hovering over select record links.
There's no longer any need to open forms to get key information. Just hover the mouse over the record name, and a QuickView will appear providing summary information and links to key actions. QuickViews are now available for most key records, including customers, contacts, leads, employees, vendors, opportunities, sales orders, events, tasks and more
Fixed Asset Management was originally built by, Nolan Business Solutions, using the SuiteCloud platform and is therefore completely native to NetSuite.
NetSuite Fixed Asset Management enables you to maintain and control the complete asset lifecycle from creation to depreciation, revaluation and retirement. Its detailed asset management functionality supports multiple depreciation calculation types, handling of depreciating and non-depreciating assets, maintenance schedules and insurance. Tight integration with NetSuite Financials creates accounting entries and fixed assets from purchases, and posts depreciations and asset retirements directly to NetSuite's accounting core.
I've worked with Nolan Business Solutions for many years on another Enterprise Resource Planning System, and have been a HUGE fan from the onset of our relationship.
