Small business owners may think that having enough cash on hand to pay the monthly bills with enough left over to pay one’s self is all that matters. While cash flows for short-term obligations may be sufficient, what about set-asides for that all-important emergency fund and capital expenditure down the line for future expansion? Most certainly, ‘liquidity’ is the lifeblood of the small business owner. As such, working capital demands constant scrutiny to understand the company’s assets and liabilities.
Underscoring the importance of reliable financials is the need for the right to make sense of it all, such as the web-based NetSuite platform. As one Forbes writer notes, when it comes to replacing existing accounting software, to the likes of QuickBooks and other on-premise accounting software.
"So what will happen? Many current QuickBooks customers (perhaps you?) who are frustrated with the software’s older architecture but have suffered with it because they/you did not feel the need (or were just too lazy) to change will now be forced to change in the next few years. And they/you will be looking at other alternatives.”
For starters, Netsuite has been at this business for some time, perfecting its SaaS platform to fit industry-specific needs---particularly accounting software for small businesses. More importantly, the software is completely scalable while providing the integration with other programs and apps needed in today’s business environments.
Forbes, furthermore on their website, notes NetSuite’s growth and its “#2” ranking in enterprise value:
“NetSuite enables businesses to manage mission-critical processes globally in the cloud through a comprehensive suite of enterprise resource planning (ERP), customer relationship management (CRM), and ecommerce applications – all built on a single platform. Today, tens of thousands of mid-sized businesses and many of the world's largest companies rely on NetSuite’s cloud-based, modern business operating platform to accelerate their innovation.”
to learn why over 24,000 organizations and business worldwide are using NetSuite.
by Technology Management Concepts
