Capax RM’s Post

Back in the day, things were much clearer... I've been working in #ERP for almost 20 years 🤯 and for much of that time, there were pretty clear roles in finance teams. Controllers, #NetSuite admins, Directors of Finance, etc had clear and distinct roles. What I've been noticing lately in the industry is a lot of blurred lines. Many #Controllers, for example, are having to work as de facto NetSuite admins. This creates some significant issues - including complete overwhelm, and more serious problems for the company related to #risks and #compliance. Remember when a controller just controlled, and a NetSuite admin just… admin-ed? 😅 Any finance leaders here who can relate to this? How have the changing roles been impacting your work?

Back in the day, things were much clearer... With almost 20 years of #ERP experience, we've seen a lot of changes. There used to be clear roles in finance teams. Controllers, #NetSuite admins, Directors of Finance, etc had clear and distinct roles. What we've been noticing lately in the industry is a lot of blurred lines. Many #Controllers, for example, are having to work as de facto NetSuite admins. This creates some significant issues - including complete overwhelm, and more serious problems for the company related to #risks and #compliance. Remember when a controller just controlled, and a NetSuite admin just… admin-ed? 😅 Any finance leaders here who can relate to this? How have the changing roles been impacting your work?

At ScaleNorth, we hear all too often that clients have great accountants on staff, but they aren't well-versed on the NetSuite platform. Without having accounting experts that are adept in NetSuite, bottlenecks and and an overabundance of manual labor become rampant. Explore the benefits of hiring a NetSuite accountant and how their expertise can contribute to the financial success of your business. https://lnkd.in/gaJ3DnWX #NetSuite #ScaleNorth #ERP #BPO #CloudERP #automation #accounting #finance

Financial Excellence and Better Decision-Making The role of financial controller is no longer limited to being the top accountant. In addition to ensuring that finance runs smoothly, you’ve partnered with the CFO to improve business performance and become a strategic adviser to the business. Inefficient processes and outdated systems only get in the way. NetSuite offers a holistic suite of cloud business applications that enables finance organizations to improve efficiency, reduce costs and get more done by automating day-to-day accounting and financial processes. Benefits:  Compliance and Controls. Maintain compliance with accounting standards, enforce company policies and minimize the risk of fraud by ensuring the right financial controls are in place. Turn Data into Insights. Support strategic decision-making and elevate the role of finance across the organization with real-time data and analysis that tells the story behind the numbers. Accuracy and Productivity. Reduce errors, increase departmental productivity and close the books faster by automating repetitive manual accounting tasks. #clouderpsoftware #NetSuite #ThreadgoldConsulting #Singapore

Choosing the Right NetSuite Administrator: Technical Skills vs. Business Acumen When it comes to hiring a NetSuite Administrator, companies often face a crucial decision: should they prioritize technical skills like SuiteScript proficiency, or should they seek candidates with strong business knowledge in areas such as accounting, finance, or operations? Often times companies will try to find both in a single candidate, but depending on location, and their budgeted salary, this can be extremely difficult. If you are wondering whether your headed in the right direction with your search or your current admin, consider which of these goals are priorities for your business. Need to have SuiteScript: 👩💻 Advanced Customization: SuiteScript allows for deep customization of NetSuite to fit the unique needs of your business. Automation Efficiency: Automating repetitive tasks can significantly enhance efficiency and accuracy. Integrations: SuiteScript expertise enables seamless integration of NetSuite with other systems and applications. Enhanced Functionality: By scripting custom solutions, your NetSuite Administrator can extend the platform’s capabilities. Technical Troubleshooting: A technically skilled administrator can quickly identify and resolve issues within the NetSuite environment, minimizing downtime and maintaining productivity. With SuiteScript, administrators can develop innovative solutions to complex business problems, optimizing processes and improving performance. Need to have "Functional" or Business knowledge: 🏢 Accounting and Finance: An administrator with a background in accounting or finance understands the financial implications of system changes and can ensure that NetSuite supports robust financial management and reporting. Operations Expertise: Knowledge of business operations helps in configuring NetSuite to support efficient workflows and effective resource management. Business Strategy: Administrators with business acumen are well-positioned to align NetSuite configurations with overarching business goals. Cross-Departmental Collaboration: They can effectively communicate and collaborate with different departments, translating business needs into technical requirements. Effective Training: With a strong understanding of business processes, these administrators can develop and deliver effective training programs, ensuring user adoption. Process Optimization: Their insights into business processes allow for continuous optimization and improvement, driving operational efficiency and effectiveness. Limited Projects: If you are not looking to make significant customizations or have limited projects, having a full-time developer may not be suitable for your business. A strong functional NetSuite Admin can manage external technical resources when needed. #NetSuite #SuiteScript #BusinessAcumen #Accounting #Finance #Operations #Hiring #AndersonFrank #ERP #BusinessTechnology

In today’s fast-paced business environment, maximizing the potential of your NetSuite system can be transformative. Here’s why having a dedicated, full-time NetSuite System Accountant is crucial for your organization: 1. Continuous Optimization: A full-time NetSuite System Accountant ensures your financial systems are always optimized, adapting to evolving business needs and industry trends. They customize financial workflows, reports, and dashboards to streamline operations and enhance efficiency. 2. Proactive Problem-Solving: With a dedicated resource, potential financial issues are identified and resolved before they escalate. This proactive approach minimizes downtime and keeps your financial operations running smoothly. 3. Enhanced Data Integrity: Maintaining financial data accuracy and integrity is essential. A full-time System Accountant performs regular audits, ensuring your financial data is reliable and up-to-date, which is vital for informed decision-making. 4. Improved User Experience: User adoption and satisfaction increase when a knowledgeable System Accountant provides ongoing support and training. They tailor the financial system to meet the specific needs of each department, enhancing overall productivity. 5. Strategic Insights: A dedicated NetSuite System Accountant can generate valuable financial insights through advanced reporting and analytics, helping you identify opportunities for growth, cost savings, and process improvements. 6. Future-Proofing Your Business: As your business grows, so do your financial and ERP needs. A full-time System Accountant ensures your financial systems scale with you, implementing new modules and functionalities seamlessly. Investing in a full-time NetSuite System Accountant is not just a cost; it’s a strategic move that yields significant returns in efficiency, productivity, and business intelligence. Ready to elevate your NetSuite experience? Let’s discuss how a dedicated resource can transform your financial operations! #NetSuite #ERP #BusinessOptimization #ContinuousImprovement #DataIntegrity #UserExperience #StrategicInsights #FutureProofing #BusinessGrowth #Oracle #UK #USA #Canada #SuiteAccountant #NetSuiteCertified #Accountants #Greybeard

This is how your finance team will feel after hearing that you're upgrading to NetSuite. 👯♀️ #maketheswitch #netsuite #internationaldanceday Click here to see more 👉 👉 👉 https://lnkd.in/eKwBB6HU

🔍 Are you working in the fintech or payments industry using NetSuite for your accounting needs? If yes, let's connect! 📊💼 As a fellow finance enthusiast working in the payments sector, I understand the unique challenges and opportunities we encounter daily. Currently I am implementing NetSuite as our accounting system and I'm keen to connect with professionals who share similar experiences around NetSuite. Let's exchange ideas, best practices, and perhaps explore potential synergies to drive mutual success. #Finance #Accounting #NetSuite #Payments #oracle

📢 Struggling to delete an account from your Chart of Accounts in NetSuite? This video is for you! In just 01:39, I cover: 🚫 Why you can't delete accounts with transaction history 📁 How to make such accounts inactive to hide them while preserving records 🔄 Steps to reactivate inactive accounts if needed ✅ Conditions under which you can delete an account 🛠️ How to delete an eligible account directly or through the Actions menu This video will help you manage your Chart of Accounts more effectively in NetSuite. #NetSuite #ChartOfAccounts #AccountingTips #Finance #Tutorial #Efficiency #NetSuiteTraining

Do you use the Statistical Accounts feature in NetSuite? With this feature, you can set up, track, and report on non-monetary data in your NetSuite account. Check out the blog to learn more about how this feature works and how you can get it set up in NetSuite. Be sure to follow SuiteRep to keep growing in your understanding of NetSuite! #netsuite #accountingsoftware #suiterep