The initiation of the NetSuite order-to-revenue workflow commences with either a sales order or an invoice. This workflow specifically encompasses various transactions, such as sales orders, invoices, cash sales, return authorizations, credit memos, and cash refunds. In scenarios where the classic revenue recognition features have been utilized prior to the adoption of Advanced Revenue Management… Continue reading Revenue Recognition and Advanced Revenue Management (Essentials)
Author: Rajalakshmi G.J
Advanced Revenue Management (Essentials)
Advanced Revenue Management offers features to automate revenue recognition and deferral. These features allow your company to recognize revenue independently from billing customers and receiving payments. The Advanced Revenue Management (Essentials) feature automates revenue forecasting, recognition, reclassification, deferral, and auditing through a rule-based event handling framework. With Advanced Revenue management (Essentials) you can defer revenue… Continue reading Advanced Revenue Management (Essentials)
5 Proven Ways to Build Lifelong Customer Relationships with NetSuite CRM
In the dynamic landscape of business, cultivating lifelong customer relationships is a cornerstone of sustained success. NetSuite CRM, a robust Customer Relationship Management platform, offers a powerful toolkit to help organizations achieve this goal. In this article, we’ll explore five proven strategies to build lasting connections with customers using NetSuite CRM. 1. 360-Degree Customer View:… Continue reading 5 Proven Ways to Build Lifelong Customer Relationships with NetSuite CRM
6 Strategies for Comprehensive Cash Management in Oracle NetSuite
Effective cash management is crucial for the financial health and sustainability of any organization. Oracle NetSuite, a leading cloud-based ERP solution, offers robust tools and features to optimize cash management processes. In this guide, we’ll explore six key strategies for comprehensive cash management within the Oracle NetSuite ecosystem. 1. Real-time Cash Visibility: Leverage NetSuite’s real-time… Continue reading 6 Strategies for Comprehensive Cash Management in Oracle NetSuite
5 Leading Practices for Traders, Distributors, and Processors of Commodities
#1 Risk Management: Diversification: Spread investments across various commodities to reduce risk exposure to a single market. Hedging Strategies: Implement hedging strategies to manage price volatility and protect against unfavorable market movements. Market Analysis: Regularly analyze market trends, global economic factors, and geopolitical events to anticipate potential risks. #2 Compliance and Regulatory Adherence: Stay Informed:… Continue reading 5 Leading Practices for Traders, Distributors, and Processors of Commodities
N/search Module
The N/search module specifically provides functions for searching records in NetSuite. You can use it to create and execute searches on various NetSuite record types. Here are some key components and functions associated with the N/search module: 1. search.create(options): This function is used to create a new search object. You provide an options object that… Continue reading N/search Module
Promotional URLs
Promotional URLs are short and descriptive website URLs that link to online forms, or tabs, categories, or items in your website. For example, the URL NetSuite assigns to the Information tab of the Wolfe Electronics website is http:// www.wolfeelectronics.com/app/site/site.nl/site.ACCT00000/mode.items/sc.5/.f. By creating a promotional URL, Wolfe can promote this page to customers as http://www.wolfeelectronics.com/information. When customers… Continue reading Promotional URLs
Marketing Reports
Marketing reports in NetSuite refer to the various types of reports and analytics that can be generated and used to track and analyze marketing activities and performance within the NetSuite platform. NetSuite offers a range of tools and features that allow businesses to manage and measure their marketing efforts effectively. Marketing reports provide valuable insights into marketing campaigns,… Continue reading Marketing Reports
System Information and Communication Subtab
On the System Information subtab, you can find system notes which track the date and time of each update to the transaction. System notes also track each user who made changes to the transaction. Viewing Transaction System Notes To review changes made to an individual transaction, click the System Information and then click the System Notes. System notes… Continue reading System Information and Communication Subtab
Return to Credit
Overview of Return to Credit The Return to Credit process allows you to give credits and refunds to your customers. Customer credits can be issued as stand-alone credits or created from an associated invoice. Credits can be applied to invoices to decrease the amount owed, applied to a customer payment, or refunded back to the customer.… Continue reading Return to Credit