Modern Irish office using natural light to represent the clarity, transparency, and efficiency delivered by NetSuite ERP benefits.

How NetSuite Overcomes ERP Limitations That Cost CEOs Time, Profit and Peace of Mind

NetSuite ERPNetSuite Financial Management
Modern Irish office using natural light to represent the clarity, transparency, and efficiency delivered by NetSuite ERP benefits.
  • NetSuite ERP, NetSuite Financial Management

For CEOs driving growth, Enterprise Resource Planning (ERP) can be a game-changer. A unified platform simplifies processes, consolidates data, and unlocks strategic decision-making. ERP systems provide leaders with real-time insights to make confident choices, keep stakeholders informed, and stay ahead of competitors. 

However, not all ERP systems deliver equally. When software fails to integrate with key tools, adapt to change, or provide a clear business overview, unexpected roadblocks appear. Many companies treat ERP as a “set and forget” solution, assuming it will scale automatically. In reality, even the best ERP systems need regular review as businesses evolve, expand, and manage growing teams. Neglecting ERP can cost CEOs time, profits, and peace of mind. 

The hidden costs of ERP limitations 

ERP systems should provide clarity and control, but common limitations drain resources and slow decision-making: 

Fragmented Data – Information scattered across finance, CRM, projects, and other systems forces CEOs to manually piece together reports. 

Rigid Workflows – Inflexible systems require teams to adapt to software instead of software supporting the business, slowing innovation. 

Delayed Visibility – Without real-time dashboards, leaders make decisions based on outdated numbers, reacting to yesterday’s challenges. 

Poor Integration – Lack of connectivity with other business-critical tools creates duplication, bottlenecks, and errors. 

Complex Upgrades – Older platforms may require expensive, disruptive upgrades or replacements to support growth and new operations. 

The result? Lost time, missed opportunities, and restless nights wondering if the business is on track. 

A common CEO dilemma 

Ray Ryan, CEO of OSSM, shares a familiar experience: 

“Before NetSuite, our key data was scattered across finance, CRM, and project management systems. Now, everything is in one database. From project profitability to cash flow forecasts and sales pipelines, I can quickly get a clear picture of our performance on a single dashboard. This visibility has been crucial in running our business effectively.” 

Ray’s experience is something many CEOs can relate to. When old systems aren’t revisited, upgraded, or reimagined for new challenges, businesses hit limits. NetSuite ERP removes those limits – delivering value without compromise. As the business landscape shifts and competitors adapt, having an all-in-one piece of software can help you stay up-to-date and keep pace.  

Common ERP limitations CEOs must address 

Understanding and fixing common ERP limitations can help CEOs decide whether it’s time to upgrade their ERP software: 

Isolated Data & Blind Spots – Disconnected systems obscure performance insights, increasing risk and missed opportunities. 

Manual Workarounds – Spreadsheets and offline tools slow processes, introduce errors, and reduce analytical reliability. 

Slow Decision-Making – Consolidating data manually delays action, limiting proactive responses. 

Integration Headaches – Systems that can’t connect with new applications create IT bottlenecks and reduce agility. 

Many of these issues come to light during periods of growth, digital transformation, or regulatory change. CEOs should keep a careful eye on these challenges and address them proactively before they have an impact on operations or profitability. 

Why ERP needs continuous re-evaluation  

ERP software should never be a “set and forget” investment. Over time, businesses change their strategies or expand into new markets, and software must keep up. Essential reasons to regularly reassess your ERP setup include: 

Growth & Expansion – Multi-entity consolidation, new products, and global compliance require adaptable platforms. 

Process Change – New operating models, services, or regulations demand updated workflows and configurations. 

Tech Innovation – Advances in cloud, integration, and AI offer capabilities that should be leveraged. 

Security & Compliance – Evolving threats and regulations require robust controls and audit trails. 

Team Needs – Growing teams need modern interfaces, mobile access, and collaborative tools. 

Regular reviews will help align your business goals and ERP technology, preventing complacency and unlocking new capabilities.  

What makes NetSuite different for CEOs   

NetSuite is a flexible cloud solution that modernises processes and provides transparency across operations. Key benefits for CEOs include: 

Personalised Dashboards – Instant access to cash flow, sales pipelines, and overdue invoices on a single, consolidated view. 

Real-Time Data – Decisions are based on current, not outdated, information, enabling proactive management. 

Scalability – NetSuite can grow with your business, supporting acquisitions, multi-entity structures, and new products. 

Automated Workflows – Reduces human error and saves time through automation of routine tasks. 

Seamless Integration – Connects easily with other business tools, enabling smooth data flow and reducing friction. 

From daily operations to strategic oversight, NetSuite empowers CEOs with clarity, speed, and peace of mind.

Choose OSSM to upgrade your ERP 

If your current ERP leaves you guessing, struggling with hidden risks, or hindered in decision-making, it’s time to upgrade. NetSuite ERP delivers integration, automation, and real-time control – all essential for growth and CEO peace of mind. 

Partnering with experienced NetSuite consultants ensures your system is optimised for your evolving business. OSSM guides CEOs through strategy, implementation, and ongoing refinement, making your NetSuite journey seamless and effective. 

Contact our team to book a free ERP review and discover how NetSuite can transform your business. 

About the Author

Picture of Sinéad Galligani

Sinéad Galligani

Sinéad has been involved in the software industry, particularly in ERP, for over 25 years. Her career has spanned various roles, including Account Management, Key Account Management, and Business Development. In 2013, she became the Marketing Manager for The Noledge Group and now serves as the Chief Marketing Officer (CMO).

Business professional holding a glowing cloud computing icon with connected file folders and security symbols, representing a move from Xero to NetSuite cloud ERP.

From Xero to NetSuite: The Natural Next Step for Finance Leaders

NetSuite ERPNetSuite Financial Management
Business professional holding a glowing cloud computing icon with connected file folders and security symbols, representing a move from Xero to NetSuite cloud ERP.
  • NetSuite ERP, NetSuite Financial Management

When a company is starting out, entry-level accounting tools like Xero are hard to beat. They let you accept payments, issue invoices, track expenses, and submit VAT returns with little effort. The interface is user-friendly, the price is affordable, and it delivers exactly what a small business requires.

Growth, however, changes the picture. More customers, additional staff, and expansion into new markets create demands that basic software can’t always meet. Finance teams often lean on spreadsheets, add extra plug-ins, or spend hours piecing together simple reports. What was once straightforward begins to slow everything down, and your team ends up working around the system rather than being supported by it.

If that sounds familiar, it may be time to look beyond Xero. For many finance leaders, the logical next step is NetSuite, a complete cloud-based ERP platform designed for organisations that have outgrown small-business tools. In this blog, we’ll highlight the common signs it’s time to upgrade, the main advantages of NetSuite, and how to manage the transition smoothly.

Why businesses outgrow Xero

Outgrowing Xero isn’t a setback – it’s proof that your business is thriving. Challenges emerge when you need to manage multiple entities, currencies, or large transaction volumes. Reporting slows, audit controls can feel inadequate, and automation is limited. Manual workarounds and missed integration opportunities quickly become the norm.

When your operations reach this stage, the need for a more advanced platform becomes clear. Managing group structures, international operations, and high transaction volumes demands stronger automation, richer reporting, and built-in audit controls. Moving to a comprehensive ERP like NetSuite allows growing companies to replace multiple disconnected tools with a single, scalable system – removing manual workarounds and supporting long-term expansion.

Knowing when it’s time to upgrade

Deciding when to upgrade is just as important as choosing the software itself. Key warning signs include:

• Month-end close that takes longer with every cycle

• Expansion into international markets with multiple currencies

• Complex structures such as subsidiaries or franchises

• The need for consolidated reporting after mergers or acquisitions

• KPI calculations that require multiple exports and pivot tables

If any of these issues sound familiar, your finance software is likely holding you back. A more comprehensive platform like NetSuite gives teams real-time data and the ability to support growth instead of chasing it.

NetSuite ERP benefits

Switching from Xero to NetSuite is more than a software upgrade. It’s a move to an enterprise-level system built to grow with you. Key benefits include:

A) Scalability and flexibility
NetSuite is designed to handle complex structures and international expansion. Local tax rules, languages, and regulations are supported out of the box, so the system evolves alongside your business.

B) End-to-end automation
A well-planned NetSuite implementation removes repetitive tasks such as manual reconciliations and data entry. With automation in place, finance teams can focus on forecasting, planning, and delivering strategic insights instead of chasing errors.

C) Advanced reporting and real-time insights
Custom dashboards and powerful analytics provide finance leaders with accurate data when they need it – no juggling spreadsheets or waiting for overnight updates.

D) Unified operations
NetSuite covers accounting, supply chain, CRM, and more in one platform. Finance teams work from a single source of truth, and you can add modules as your needs change.

E) Compliance and audit readiness
Keeping up with tax and regulatory changes is easier when your software updates automatically. NetSuite helps produce audit-ready financials and stay compliant across regions without extra manual effort.

Working with NetSuite ERP partners

Growing organisations eventually reach a stage where entry-level tools can’t keep pace. Moving from Xero to NetSuite isn’t just an upgrade – it’s an investment in a platform designed to scale, automate, and give finance leaders the insight they need. With the right guidance and a trusted Irish partner, the transition can be straightforward and the benefits immediate.

Changing systems can feel daunting, but experienced NetSuite ERP partners simplify the process. The right partner will plan the rollout, configure the software for your sector, and provide NetSuite training so your team can make the most of every feature.

If your business has outgrown Xero, exploring NetSuite is a natural next step. At OSSM, we work with companies across Ireland to deliver tailored implementations that fit real-world finance operations. Our team understands both the technology and the pressures on modern finance leaders, and we take a collaborative approach from planning through training and beyond.

Getting started with NetSuite

Ready to explore your options? Book your free ERP consultation to meet with an expert who can review your current setup, highlight system gaps, and share practical recommendations for improving efficiency, visibility, and control.

About the Author

Picture of Ray Ryan

Ray Ryan

Ray Ryan is the CEO of the Noledge Group.

With over 30 years of experience in the software industry, Ray's expertise spans from Unix systems to modern cloud ERP solutions. As CEO, he leads the Noledge Group in delivering cutting-edge technology that simplifies business operations for our clients.

White safety helmet on a desk with two construction professionals reviewing documents in the background, representing the role of financial software for construction in Ireland.

How Financial Software for the Construction Industry is Reshaping the Future of ERP

ConstructionNetSuite Financial Management
White safety helmet on a desk with two construction professionals reviewing documents in the background, representing the role of financial software for construction in Ireland.
  • Construction, NetSuite Financial Management

In Ireland, the construction industry is under increasing financial pressure. With tight margins, rising material costs, and labour shortages, construction firms face the daily challenge of keeping projects profitable. For many; outdated spreadsheets and disconnected systems no longer provide the clarity needed to manage these complexities. 

This is where financial software for construction in Ireland is stepping in to transform how businesses operate. Cloud-based solutions are emerging as the gold standard for improving visibility, protecting margins, and enabling construction firms to scale confidently. 

At OSSM, we work with many businesses in this sector. NetSuite for Construction is a purpose-built ERP that integrates financials, procurement, projects, and reporting in one seamless system. In this blog, we explore the financial reality for construction firms, why ERP is becoming essential, and how automation can set your business up for long-term success. 

The financial reality for construction firms 

Irish construction companies are navigating an increasingly volatile market. Recent industry data shows that two-thirds of firms are experiencing rising labour costs, while over 60% are dealing with higher raw material prices. These challenges are not temporary fluctuations but indicators of a shifting landscape where reliance on manual, outdated systems pose real risks. 

One of the most pressing threats is margin erosion. Fixed contract revenues often collide with unpredictable increases in project costs, whether from material spikes, subcontractor delays, or labour shortages. This leaves companies vulnerable, with little room for error. 

In today’s fast-paced market, it’s critical to have key performance metrics instantly available. Without real-time insights into cost fluctuations and their impact, companies are effectively navigating blind. 

This lack of visibility is why financial software tailored to the construction industry is quickly becoming an essential investment. 

Why construction ERP is the answer 

While spreadsheets and outdated accounting tools are still in use across the industry, they lack the agility and scalability required to manage modern construction projects. A construction ERP system provides a unified solution, allowing businesses to control finances, procurement, compliance, and operations all within a single platform. 

With NetSuite for Construction, firms gain: 

• Real-time financial data to monitor cash flow and costs 

• Integrated project management to balance budgets and timelines 

• Procurement visibility to manage suppliers and subcontractors efficiently 

• Scalability to adapt as businesses grow 

This shift towards cloud-first solutions reduces errors, increases accuracy, and ensures that decision-makers have access to live project information anytime, anywhere. 

Key benefits of cloud construction ERP 

When implemented effectively, construction ERP in Ireland offers a wide range of benefits that protect margins and boost efficiency: 

• Real-time cost monitoring: track actual versus estimated costs continuously, spotting issues early before they spiral 

• Automated alerts: receive instant warnings when budgets deviate, allowing you to take corrective action quickly 

• Improved forecasting: use live financial data and reporting to refine future estimates and submit accurate tenders 

This level of insight is something traditional tools simply cannot provide. With cloud construction management software, Irish firms gain the agility to react in real time and maintain financial control, even under pressure. 

NetSuite for construction – tailored for the industry  

Unlike generic ERP systems, NetSuite for Construction is designed specifically for the unique challenges of construction businesses. Supported by OSSM’s deep industry expertise, this platform combines the flexibility of the world’s number one cloud ERP with features tailored to construction project management. 

Key capabilities include: 

• Integrated job costing and project billing 

• Real-time resource and procurement tracking 

• Seamless financials, CRM, and reporting 

• 24/7 access to live project data from anywhere 

This makes it one of the most advanced solutions available today, giving Irish construction firms the tools to operate with confidence in an unpredictable market. 

Automation sits at the core of construction ERP NetSuite   

In an industry where delays and cost overruns are common, automation reduces reliance on manual processes and disjointed systems. From procurement and job costing to financial consolidation and reporting, NetSuite automates core tasks, eliminating duplication and minimising human error. 

For construction firms, the benefits are clear: 

• Faster, more accurate reporting 

• Reduced administrative burden 

• Improved compliance tracking 

• Greater time to focus on projects rather than paperwork 

In short, automation helps firms stay competitive in a high-pressure environment. 

Choosing the right financial software for construction 

At OSSM, we combine our role as trusted NetSuite partners with more than 20 years of ERP experience to deliver solutions that are not only powerful but also tailored to the specific needs of construction firms. 

Our approach includes: 

• Expert NetSuite implementation and support 

• Construction-specific tailoring and customisation 

• Proven project delivery with measurable results 

• A partnership model focused on long-term client success 

By adopting NetSuite for Construction, construction businesses gain the clarity and control needed to thrive, no matter the challenges ahead.  

We are committed to helping construction firms embrace digital transformation with confidence. To learn how our expertise and NetSuite construction management solutions can support your organisation, contact us today. 

About the Author

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Anna Carolan

Anna is an experienced professional in project management and change management roles, with a focus on IT systems development and implementation. Currently serving as the NetSuite Implementation Manager at OSSM, Anna assists in managing and implementing Enterprise Resource Planning (ERP) systems for large organisations and small-to-medium-sized companies.

Hotel staff opening a guest room door, symbolising how NetSuite Consulting Partners help the hospitality industry deliver seamless guest experiences.

ERP in Hospitality: How NetSuite Consulting Partners Deliver Success

HospitalityNetSuite ERPNetSuite Financial Management
Hotel staff opening a guest room door, symbolising how NetSuite Consulting Partners help the hospitality industry deliver seamless guest experiences.
  • Hospitality, NetSuite ERP, NetSuite Financial Management

In the hospitality industry, operational excellence is everything. Behind the scenes of every successful hotel group lies a need for systems that not only manage finance and procurement but also support multi-location operations, real-time reporting, and long-term growth. 

At OSSM, trusted NetSuite consulting partners, we work closely with hospitality businesses across the UK and Ireland to deliver ERP systems that meet these complex demands. Whether operating in a single country or expanding across borders, hotels require an agile, cloud-based platform that can keep pace with the industry’s unique challenges. 

Why ERP matters in hospitality 

Hospitality businesses operate in dynamic, fast-paced environments. They manage bookings, suppliers, compliance, procurement, and financials – often across multiple jurisdictions, time zones, and currencies. Relying on disconnected systems or manual spreadsheets makes it difficult to maintain consistency, control costs, or respond to market changes quickly. 

An ERP (Enterprise Resource Planning) solution like NetSuite can change that. By bringing core operations into a single platform, businesses gain real-time visibility, improved collaboration, and the flexibility to scale efficiently. 

Through our role as NetSuite consulting partners, OSSM ensures each implementation is configured around the specific needs of the client – whether that’s a boutique hotel brand, a fast-growing hospitality group, or an international operator with various properties. 

Common challenges we solve for hospitality clients

  1. Centralising operations across locations and countries

Hospitality groups often face fragmentation as they grow. Separate systems for each property, region, or function lead to inconsistent data and duplicated work. NetSuite offers a global, unified platform to run financial operations for all entities from one place – coordinating procurement, reporting, and consolidation across countries and currencies. 

This centralisation eliminates the need for multiple spreadsheets or bolt-on systems and enables greater control over financial and operational processes. 

  1. Access to real-time data for better decisions

In a competitive industry where timing is everything, access to accurate data can give hotel groups a strategic edge. NetSuite provides real-time reporting, dashboards, and KPIs across all business units – so management can track performance, respond to changes, and plan with confidence. 

Whether it’s monitoring occupancy trends, forecasting budgets, or reviewing supplier spend, hospitality businesses can make faster, more informed decisions with live data at their fingertips. 

  1. Scalability without disruption

Growth in hospitality can come fast – through new developments, acquisitions, or expanding into new regions. The ERP platform supporting that growth needs to be flexible enough to scale with the business. 

NetSuite’s modular structure allows businesses to evolve their system over time – adding new functionalities, subsidiaries, or integrations without having to rebuild from scratch. It’s this scalability that makes it a reliable long-term investment for innovative hospitality brands. 

  1. Minimising admin and improving efficiency

Time spent on manual processes is time taken away from enhancing the guest experience. With automation built into financial management, procurement, approvals, and reporting, NetSuite helps hospitality businesses reduce administrative overhead and focus more on strategic activities. 

Our clients consistently report faster month-end closes, better compliance, and improved collaboration across finance teams – thanks to the efficiencies introduced by ERP. 

Your NetSuite ERP journey, backed by trusted experts 

Is choosing an ERP system enough? Not quite. The real key to success lies in choosing the right implementation partner – someone who truly understands your business and industry. 

Implementing ERP isn’t just about technology. It’s about aligning the system with your unique processes, growth plans, and goals. At OSSM, we work closely with hospitality businesses to tailor solutions that fit perfectly. Often, that means recommending and implementing NetSuite ERP because of its flexibility and scalability. 

Our team stays involved every step of the way – from initial planning through to post-go-live support; making sure your staff feel confident, and the system continues to deliver value as your business evolves. 

Choosing the right partner can make all the difference between a complex, frustrating rollout and a smooth, successful transformation. 

What hospitality leaders are saying  

Hospitality leaders across the sector highlight three core outcomes from moving to NetSuite with OSSM: 

• Greater control across properties and regions 
A single version of the truth across all locations leads to better strategic alignment and operational consistency. 

• Faster, more reliable reporting 
Real-time dashboards and automated reporting reduce time-to-insight and empower data-driven decisions. 

• Scalable technology 
As the business grows, NetSuite evolves with it – avoiding the need for costly system replacements or custom development. 

Is it time to upgrade your ERP?   

If you’re relying on manual processes or legacy systems to manage your hospitality business, it may be time to consider a smarter alternative. Modern ERP platforms like NetSuite can reduce inefficiencies, boost transparency, and support growth – all from a secure, cloud-based system. 

The earlier you implement an integrated system, the easier it becomes to scale without creating operational bottlenecks or data silos. 

Whether you’re managing a single hotel or a multinational group, the challenges of finance, procurement, and compliance remain complex. OSSM has the experience and sector knowledge to help you simplify those complexities and move forward with confidence. 

With years of experience supporting leading hospitality brands, we know what it takes to deliver an ERP that works – not just today, but for the long term. 

Get in touch with OSSM to start your NetSuite ERP journey.  

About the Author

Picture of Ray Ryan

Ray Ryan

Ray Ryan is the CEO of the Noledge Group.

With over 30 years of experience in the software industry, Ray's expertise spans from Unix systems to modern cloud ERP solutions. As CEO, he leads the Noledge Group in delivering cutting-edge technology that simplifies business operations for our clients.

NetSuite's financial reporting features

Bridging the Gap: How AI and ESG Are Shaping the Future of Finance Teams

AIESGNetSuite Financial Management
NetSuite's financial reporting features
  • AI, ESG, NetSuite Financial Management

Gone are the days when the finance function was simply about closing the books. As expectations shift, finance leaders are stepping into more strategic roles, helping to shape long-term success across the business. 

Two key forces are driving this transformation: the rise of AI and the growing importance of ESG. Once considered future-focused, both areas are quickly becoming relevant as businesses aim to improve efficiency, manage risk, and meet the demands of stakeholders. 

In response, many finance teams are re-evaluating their processes, technology, and skillsets — searching for smarter ways to manage data, support automation, and contribute to ESG goals. These themes were central to a recent NetSuite webinar titled Top Trends Supporting Businesses to Maximise Success, which explored how organisations can prepare for the future by aligning people, processes, and technology. Here’s a look at the key takeaways. 

Aligning Technology, Processes, and People

The webinar highlighted a clear starting point: before AI can deliver real value, businesses need strong foundational processes and systems. As NetSuite experts highlighted, AI is only as effective as the data and workflows it’s built upon. When implemented correctly, AI can: 

• Automate manual tasks and reduce human error 

• Improve forecasting through predictive modelling 

• Enhance scenario planning and supply chain risk analysis 

• Accelerate access to business-critical insights  

But it’s not about replacing people, it’s about freeing them up. AI enables finance teams to move from data gathering to data interpretation, allowing for better decision-making. 

This is where modern financial accounting software like NetSuite makes a difference. With built-in automation, real-time reporting, and intelligent workflows, NetSuite helps finance teams shift gears from reactive to proactive, and from operational to strategic.

ESG Reporting Is Rising Up the Agenda 

With regulatory pressures mounting, particularly the EU requirements for ESG reporting starting with financial year-ends in 2025, the finance function is being called on to play a pivotal role in gathering, validating, and reporting ESG data. 

The key message from the webinar? Start now. 

Integrating ESG into your financial systems today helps avoid a scramble later. NetSuite’s unified data model, for instance, supports ESG tracking by combining financial and operational data giving teams a single source of truth. AI can also help simplify ESG efforts by: 

• Collecting and analysing environmental and social impact data 

• Automating ESG reporting 

• Monitoring progress against sustainability targets in real time 

By embedding ESG into core systems and processes now, finance teams can move beyond compliance to create genuine competitive advantage — building trust with stakeholders and increasing long-term resilience. 

OSSM is actively supporting businesses on this journey, helping teams align ESG tracking and reporting within their existing NetSuite systems. 

Why Many Finance Teams Are Still Struggling 

Despite these opportunities, many businesses are still facing barriers that limit agility and insight. The webinar highlighted common roadblocks, including: 

• Legacy systems that aren’t truly cloud-based 

• Fragmented data and siloed teams 

• Manual processes that are time-consuming and error-prone 

• Limited collaboration across functions 

These issues not only slow down reporting, but they also make it harder to respond to market changes or meet evolving compliance requirements. 

The takeaway? Now is the time to modernise. Teams need flexible, scalable systems that support automation, real-time insight, and continuous improvement. 

Laying the Groundwork for Smarter Finance

Every organisation is at a different stage of transformation, but the best starting point is to evaluate where your finance team stands today. Here are some practical steps inspired by the webinar: 

• Map out your current processes: Identify bottlenecks and duplication 

• Review your tech stack: Are your systems supporting or hindering progress? 

• Engage your team: Upskill staff to work with new tools and interpret new data 

• Connect with leadership: Show how finance transformation supports broader goals 

Whether you’re preparing for ESG compliance or exploring AI capabilities, a strong foundation in people, processes, and technology is key. 

Looking Ahead

Whether your organisation is preparing for ESG compliance, seeking better reporting, or exploring how AI can support automation and analysis, finance teams have a unique opportunity to lead meaningful business transformation. 

From engaging with organisations across Ireland and the UK, it’s clear that future-ready finance teams are taking proactive steps today. Rather than waiting, they’re embracing innovation to stay ahead and add strategic value across the business. 

Let our team here at OSSM guide you on the right ERP journey to meet your current and future challenges. Are you ready to modernise your finance and ERP systems for long-term success? Book a NetSuite demo and discover how a unified platform can simplify your processes and drive true business transformation. 

About the Author

Picture of Ray Ryan

Ray Ryan

Ray Ryan is the CEO of the Noledge Group.

With over 30 years of experience in the software industry, Ray's expertise spans from Unix systems to modern cloud ERP solutions. As CEO, he leads the Noledge Group in delivering cutting-edge technology that simplifies business operations for our clients.

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Unlock Your Business Potential with NetSuite 2025.1: Smarter Financial Management and AI-Driven Insights

AINetSuite ERPNetSuite Financial Management
Two colleagues cooperating while using computer and working in the office.
  • AI, NetSuite ERP, NetSuite Financial Management

The world of business is evolving rapidly, and staying ahead means embracing technology that supports growth, efficiency, and innovation. Enter NetSuite 2025.1 – the latest release of the world’s leading cloud-based ERP platform. This update is packed with powerful features designed to help businesses optimise financial management, enhance automation, and leverage AI for smarter decision-making. Whether you’re a NetSuite user or considering an ERP solution, this release offers the tools your business needs to thrive. Read on to discover how NetSuite 2025.1 can drive operational excellence and help you achieve long-term success. 

NetSuite 2025.1 – The New Release 

The latest release, NetSuite 2025.1, brings powerful new tools to enhance a finance team’s performance, including an embedded procurement solution and reusable audit documentation templates. Embedded AI, improved automation, smarter financial management, deeper analytics, and a more intuitive user experience are at the core of these updates. These enhancements are designed to help finance teams work smarter, optimise processes, and boost efficiency. 

Whether you already have a NetSuite ERP system or are considering an implementation, this new release offers valuable features to help businesses grow and manage operations effectively. These improvements are designed to adapt to evolving businesses and regulatory changes, ensuring that your organisation remains agile and compliant. 

Key Highlights and Features of NetSuite 2025.1

NetSuite 2025.1 introduces a range of improvements designed to enhance the overall business experience, development, and productivity. These updates focus on providing users with more intuitive interfaces and streamlined workflows, creating a more efficient and user-friendly work environment. Below are some of the most significant updates: 

1. Smarter Financial Management and Operational Excellence 
NetSuite’s new SuiteProcurement solution simplifies indirect procurement, giving businesses greater control over operating supply purchases. It automates approval processes and electronic document management and boosts efficiency and accuracy, leading to improved productivity. 

2. Embedded AI 
NetSuite Narrative Reporting has been enhanced with AI-powered features, enabling businesses to generate reports from financial and transactional data. This reduces manual effort, increases accuracy, and provides deeper insights for strategic decision-making and audit documentation. 

SuiteAnswers now includes AI-powered NetSuite Expert, which quickly searches for help and supports content. This functionality simplifies the process, offering businesses clear and concise answers without the need to sort through multiple documents. 

To accelerate innovation, NetSuite has introduced the SuiteScript Generative AI API, making it easier for businesses to build customised and AI-powered NetSuite extensions. 

3. Customer and Employee Engagement 
NetSuite Connectors now allows businesses to seamlessly sync data between NetSuite, Salesforce, Shopify B2B, and Microsoft Outlook. This reduces manual data entry and ensures that NetSuite is the central hub for all business data, improving both customer and employee engagement. 

NetSuite Customer 360 has been enhanced with new features, charts, and metrics, providing businesses with a comprehensive overview of customer status, history, and recent transactions. 

Partner with OSSM for NetSuite ERP Implementation 

Choosing the right partner for your NetSuite ERP implementation is crucial to your success. OSSM is a trusted NetSuite solution provider, offering expert guidance, implementation, and ongoing support to help you unlock the full potential of your ERP system. Here’s what sets us apart: 

• Expertise and Experience 
With years of experience in delivering NetSuite financial management solutions, OSSM understands the unique challenges businesses face and provides tailored strategies for maximum efficiency. 

• Customised ERP Solutions 
Every business is unique. We take a tailored approach to NetSuite ERP implementation, ensuring the system aligns with your specific goals and operational needs. 

• Seamless Implementation and Integration 
We provide end-to-end ERP implementation support, ensuring a smooth transition to NetSuite with minimal downtime. We also offer seamless integration with your existing software and comprehensive training and ongoing support. 

• Dedicated Customer Support 
From initial discussions to post-implementation, our team is committed to ensuring you get the most out of your NetSuite ERP system. Our support team is always available to help maximise system performance and resolve any issues. 

• Proven Success 
We have successfully helped many companies improve their operations with NetSuite, making us the ideal partner for businesses looking to implement or optimise their ERP system. 

Ready to Transform Your Business with NetSuite 2025.1? 

The NetSuite 2025.1 release offers exceptional enhancements that will enable businesses to work smarter. With advanced automation, AI-driven insights, and a more user-friendly experience, NetSuite continues to be the best solution for modern financial accounting. 

If you’re considering a NetSuite ERP implementation or looking for a new NetSuite ERP partner, OSSM is here to help. Reach out to us to learn how we can help you transform your business operations for long-term success. 

Join us at the ERP HEADtoHEAD™ event, where we’ll be exploring the latest trends and discussing the strategies shaping the future of ERP. Visit our stand to discover how NetSuite can drive efficiency and growth for your business, and don’t miss our team’s expert presentations in the Projects and Production sessions.

Let’s connect and explore how NetSuite 2025.1 can empower your organisation with smarter financial management and AI-driven insights. Register here: erpheadtohead.com/uk/

Lumenia ERP head to head

About the Author

Picture of Brian Doherty

Brian Doherty

Brian is an accomplished Project Manager with a background in the ERP software industry. He possesses expertise in Business Process, Sage Products, NetSuite, Requirements Analysis, and Technical Support. As the NetSuite Systems Design Specialist of OSSM, Brian has directly implemented or been involved in the implementation of NetSuite ERP cloud-based software in various businesses across multiple sectors.

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Why NetSuite SuiteSuccess Starter Edition Is the Right Choice for Growing Businesses

NetSuite ERPNetSuite Financial ManagementNetSuite Starter Edition
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  • NetSuite ERP, NetSuite Financial Management, NetSuite Starter Edition

Amid increasing competition and evolving market demands, growing businesses across Ireland face mounting pressure to optimise operations while preparing for expansion. Many ambitious businesses find themselves trapped between entry-level accounting software and enterprise systems that exceed their current needs and budget. NetSuite SuiteSuccess Starter Edition bridges this gap perfectly, offering a comprehensive cloud ERP solution tailored specifically for growing businesses ready to take the next step in their journey. 

The Growth Dilemmas Facing Small and Medium Businesses 

Growth brings exciting opportunities but also introduces new operational challenges:  

• Resource limitations: Growing teams need to get the most out of their resources, and inefficient processes can quickly become a costly burden.  

• System fragmentation: Many businesses use separate systems for accounting, inventory, and customer management, leading to data silos that slow down decision-making.  

• Visibility gaps: Without unified data, management lacks the real-time insights needed to make informed strategic decisions. 

• Scalability roadblocks: As customer bases expand, legacy systems struggle to accommodate increased transaction volumes and complexity. 

• Compliance complexity: Meeting regulatory requirements in Ireland requires strong financial controls and accurate reporting.  

These challenges can hold businesses back, forcing teams to spend time on manual workarounds instead of driving growth and enhancing customer experience. 

NetSuite SuiteSuccess Starter Edition: Built for Growing Businesses 

The SuiteSuccess Starter Edition represents a strategic investment in business infrastructure that eliminates the limitations of basic accounting systems. Unlike standalone software solutions, it delivers an all-in-one system that integrates financials, inventory management, CRM functionality, and project tracking within a single, cloud-based platform. 

This integration removes the need for duplicate data entry, simplifies reconciliation, and gives management a clear, real-time view of business operations – which is a key advantage for companies gearing up for growth. 

Tailored Solutions to Match Your Business Model 

Understanding that business requirements vary across industries and operational models, NetSuite offers flexible Starter Edition configurations: 

• Core Financials: Perfect for service-oriented businesses requiring robust financial management, reporting capabilities, and basic CRM functionality. 

• Inventory Management: Ideal for product-based businesses that need advanced inventory control, order management, and fulfilment capabilities alongside core financials. 

• Project Management: Designed for professional services firms and businesses that deliver client projects, offering sophisticated project tracking, resource allocation, and billing functionality. 

Each configuration builds upon NetSuite’s foundational capabilities while addressing the specific operational requirements of different business models.

Key Advantages of NetSuite Starter Edition  

1. Unified Business Intelligence

With NetSuite, your entire team works from a single source of truth. Sales representatives access customer histories before making calls, the finance team gains visibility into outstanding orders, and management reviews real-time dashboards showing key performance indicators across the business. This connectivity eliminates information gaps and empowers more strategic decision-making. 

2. Scalable Architecture

Unlike entry-level systems that require disruptive migrations as businesses grow, NetSuite’s cloud architecture scales seamlessly. Whether you’re adding new users, expanding your product catalogue, entering international markets, or adding new business entities, the platform grows alongside your ambitions without requiring system replacement. 

3. Process Automation

Manual processing wastes valuable talent and introduces errors. NetSuite automates routine tasks including: 

• Invoice generation and distribution 

• Bank reconciliation and payment processing 

• Inventory updates and reordering 

• Financial close procedures and compliance reporting 

• Customer communications and follow-ups 

This automation not only reduces operational costs but also improves accuracy and customer satisfaction through more consistent execution. 

4. Financial Control and Compliance

For businesses operating in Ireland, maintaining compliance with VAT regulations, Making Tax Digital requirements, and financial reporting standards is non-negotiable. NetSuite delivers built-in compliance capabilities, including: 

• Automated VAT calculations and reporting 

• MTD-compliant tax filing preparation 

• Configurable approval workflows 

• Audit trail tracking for all financial transactions 

• Customisable financial reports that satisfy regulatory requirements 

These capabilities reduce compliance risk whilst providing management with confidence in financial accuracy. 

5. Future-Proof Technology

Technology investments should serve both immediate needs and long-term ambitions. NetSuite’s continuous update model ensures your business always operates on current technology without disruptive upgrades. This approach delivers ongoing improvements and new capabilities without additional implementation projects. 

OSSM’s Implementation Approach

As an expert NetSuite solution provider in Ireland, OSSM brings proven expertise to every implementation. Our approach combines NetSuite’s SuiteSuccess methodology with our deep understanding of local business requirements: 

1. Strategic Assessment: We begin by understanding your business objectives, operational pain points, and growth ambitions to identify the optimal Starter Edition configuration. 

2. Accelerated Implementation: Using pre-configured industry templates and best practices, we deliver rapid time-to-value without compromising solution quality. 

3. Knowledge Transfer: Our comprehensive training programme ensures your team maximises system capabilities from day one. 

4. Continuous Optimisation: Beyond go-live, we provide ongoing support and periodic system reviews to identify new optimisation opportunities as your business evolves. 

This structured approach minimises implementation risk whilst accelerating your return on investment. 

Investing in Growth Infrastructure    

For growing businesses in Ireland, technology infrastructure choices play a crucial role in shaping their growth. NetSuite SuiteSuccess Starter Edition is more than just a software upgrade – it’s a platform that eliminates operational constraints, enhances decision effectiveness, and provides the scalability needed to support your business ambitions.  

Partnering with OSSM for your NetSuite implementation gives you more than just powerful technology – you get a team of experienced advisors dedicated to your long-term success. Our team brings extensive industry knowledge, implementation expertise, and ongoing support capabilities to ensure your NetSuite investment delivers exceptional returns. 

Ready to explore the Starter Edition and transform your business operations? Contact us today for a personalised consultation and detailed pricing information tailored to your specific business requirements. 

About the Author

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Roger Gribbin

Roger Gribbin is an IT professional with over 25 years of experience in various roles, involving assisting customers with selection projects for ERP, CRM, and BI, as well as hands-on implementation and project management in medium-sized organisations in Ireland. He currently serves as the Sales Director for the Noledge Group.

Say Goodbye to Spreadsheets: Empower Your Business with Centralised Data and Real-Time Insights

Say Goodbye to Spreadsheets: Empower Your Business with Centralised Data and Real-Time Insights

NetSuite ERPNetSuite Financial Management
Say Goodbye to Spreadsheets: Empower Your Business with Centralised Data and Real-Time Insights
  • NetSuite ERP, NetSuite Financial Management

Spreadsheets might have served businesses well in the past for managing data, finances, and operations, but as your business grows, their limitations become more evident. Errors, inefficiencies, and delays caused by manual processes can hold you back, impacting productivity and making strategic decision-making harder. 

At OSSM, we help businesses transition from outdated processes to a smarter, more integrated approach. As trusted NetSuite ERP Partners, we empower businesses by centralising data onto one powerful platform. With NetSuite, your key metrics, performance indicators (KPIs), and dashboards are updated in real time and accessible from anywhere. This transparency helps you respond to challenges, seize opportunities, and move forward confidently. 

In this blog, we explore the transformative benefits of moving from spreadsheets to centralised data management and how real-time KPIs and dashboards can shape your business’s future. 

Why Real-Time Data Visibility Is Essential 

In today’s fast-paced and ever-changing business environment, real-time data isn’t just a luxury – it’s a necessity. Having instant access to your business’s key metrics enables you to: 

• Make quick, informed decisions. 

• Adapt to market changes. 

• Stay ahead of the competition. 

NetSuite, a leading financial accounting ERP software, offers the tools you need to centralise data and eliminate the reliance on scattered spreadsheets. Real-time visibility allows you to monitor KPIs and dashboards instantly, providing the insights required for both day-to-day management and long-term strategic planning. 

With NetSuite’s centralised platform, you can identify trends, tackle challenges, and uncover growth opportunities – all from one source of truth. This clarity is essential for driving productivity, ensuring operational efficiency, and fostering growth. 

Boost Efficiency with a Unified Platform 

Efficiency underpins every successful business. Yet inefficiencies often lurk in disconnected systems, manual processes, and outdated spreadsheets. These can drain resources and hinder growth. Transitioning to a single, centralised platform like NetSuite can streamline operations and unlock potential you didn’t know existed. 

NetSuite unifies your operations, offering features like: 

• Real-time insights. 

• Automated workflows. 

• Comprehensive inventory management. 

As NetSuite Consulting Partners, OSSM provides the tools and expertise to reduce manual tasks, eliminate errors, and improve productivity. With instant access to KPIs and tailored dashboards, you’ll gain the power to make decisions that propel your business forward. 

The Power of KPI Dashboards 

KPIs are more than numbers; they’re visual insights into your business’s performance. NetSuite’s real-time dashboards allow you to: 

• Track progress and identify strengths. 

• Spot areas for improvement. 

• Measure success with precision. 

NetSuite’s intuitive dashboards make monitoring KPIs seamless. Automated reports ensure accuracy and save time, allowing you to focus on growth rather than tedious data management. Whether it’s tracking financial performance, operational efficiency, or customer satisfaction, NetSuite provides the clarity you need to thrive. 

Why OSSM? 

At OSSM, we’re passionate about helping businesses unlock their full potential. As experienced NetSuite ERP Partners, we deliver tailored solutions that transform how businesses operate.  

Our team has extensive experience implementing NetSuite solutions across various industries, making us your trusted partner in Ireland and the UK. Ready to take the next step? Contact us at: 

• Dublin: +353 (0)1 811 3811 

• Belfast: +44 (0)28 9002 3539 

Or reach out via our online contact form. 

Smarter Decisions Start with Smarter Tools  

Step into the future of data management. Move beyond spreadsheets, centralise your operations, and unlock the power of NetSuite’s real-time insights and dashboards. Download our brochure: How to Optimise NetSuite Dashboards & KPIs.  

About the Author

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Lisa Costello

Lisa Costello is a NetSuite Product Specialist at OSSM, bringing years of experience as a Product Trainer. With a Higher Degree in Industrial Biology & Bioinformatics, and a CMI Certificate in Business Management, Lisa combines technical expertise with strong business acumen. Before joining OSSM, she served as an External Product & Systems Trainer for Sage, specialising in Accounts & Payroll.

The Impact of Inventory Control on Cash Flow

How Tighter Inventory Control Can Improve Cash Flow

Manufacturing - SolutionsNetSuite ERPNetSuite Financial ManagementNetSuite ManufacturingNetSuite Wholesale DistributionWholesale Distribution - Solutions
The Impact of Inventory Control on Cash Flow
  • Manufacturing - Solutions, NetSuite ERP, NetSuite Financial Management, NetSuite Manufacturing, NetSuite Wholesale Distribution, Wholesale Distribution - Solutions

A healthy cash flow is crucial for businesses, especially during challenging economic climates when many are concerned about their near-term future. In uncertain times, businesses often experience a reduction in revenue, while expenses and operating costs remain constant or even start to rise. Without adequate cash reserves, businesses may struggle to meet their financial obligations and finance teams need to go back to basics, carefully review their finances and properly manage their cash flow.

For any business that buys and sells products, inventory control plays a huge role in cash flow. It’s key to ensure that you have the necessary resources to sustain operations and meet demand, but this can result in money being tied up in inventory. If you’re looking to optimise your cash flow, minimising expenses related to buying, holding and selling items is key, and the importance of improving inventory management shouldn’t be underestimated.

Fortunately, having tighter inventory control can help to improve cash flow and if you’re concerned about the current economic climate, now is the time to focus on your inventory. Below we have explored how inventory management can help with cash flow and how NetSuite can support inventory-related savings.

The Impact of Inventory Control on Cash Flow

Inventory is a significant investment for companies and managing inventory levels can have a direct impact on cash flow.

One of the main ways that inventory control affects cash flow is through the cash tied up in inventory. When a business purchases inventory, it ties up cash that could otherwise be used for other purposes. Additionally, maintaining high levels of inventory can result in increased storage and holding costs, which further drain cash reserves. On the other hand, too little inventory can lead to lost sales and lost revenue. If a business is unable to meet customer demand due to low inventory levels, customers may take their business elsewhere.

Effective inventory control involves finding the right balance between having enough inventory to meet customer demand and minimising the amount of cash tied up in inventory. By finding the right balance, businesses can maximise their financial resources and better position themselves for long-term success.

Revolutionising Inventory Management with NetSuite ERP

Businesses can use technology to help manage inventory levels and optimise cash flow, like NetSuite. Inventory management software can provide businesses with the insight they need into their inventory levels and help to identify opportunities for cost savings. By using technology to manage inventory, businesses can make informed decisions about when to order inventory, how much to order and how to allocate resources more effectively.

NetSuite’s comprehensive Enterprise Resource Planning (ERP) solution provides businesses with financial management and inventory management in a single system. This enables you to see how your inventory is affecting your financials, and it makes it easier to understand the impact that these two key components have on day-to-day business operations as well as one another. 

Analysing Sales Data

A popular strategy for effective inventory control is to analyse sales data and identify products that are slow-moving or have a low-profit margin. This enables you to reduce the inventory levels of those items and concentrate on items that contribute most to your bottom line.

NetSuite will help you to strategically manage your inventory levels and minimise the amount of cash tied up in inventory without losing sales or sacrificing customer satisfaction. The user-friendly dashboards make it easy to access real-time data and the consolidated reporting enables you to analyse historical data. It will be easy to track things like sales trends and margins, so you know which SKUs are profit-makers and need to be pushed.

Forecasting Demand

To prevent you from ordering too much or too little inventory, it’s essential to have accurate forecasts. When you order the right amount of specific items, you can ensure that you’re able to meet demand but you’re not stuck with unsold stock, increasing your bottom line.

When you use NetSuite ERP software to your advantage, you will have access to the mission-critical data you need to make better decisions. You can create accurate reports about inventory levels and performance, and use these to support purchase decisions. It will be much easier to ensure you have the right amount of inventory at the right time and NetSuite forecasts can meet the complex needs of different businesses.

Monitoring Inventory Levels

Having ‘safety stock’ is important regardless of which sector you operate in. However, incorrect or outdated safety stock targets can result in holding too much stock. When money is tied up in safety stock, it can’t be used elsewhere and inventory levels could be draining cash reserves.

Integrating NetSuite software into business processes can help you to monitor inventory levels and ensure that safety stock is kept up-to-date. By taking into consideration things such as historical and seasonal demand as well as supply chain predictability, the accuracy of safety stock targets can be improved. NetSuite can also calculate reorder points, helping to ensure you’re always holding the right amount of inventory.

Improving Inventory Data

To improve inventory control, it’s essential to ensure the numbers in your system match on-hand quantities. Far too often inventory isn’t accounted for and businesses don’t have accurate data, which causes an abundance of problems later down the line.

NetSuite ERP can be used to increase the reliability and accuracy of inventory data, and it will be easier than ever before to update inventory records. You can perform cycle counts as well as full inventory counts with this smart business software, and counts can be adapted to your specific needs. When you account for inventory properly, you can avoid discrepancies and make decisions based on accurate inventory data.

Reducing Fulfilment Costs

When you operate across multiple locations, knowing the location of your inventory is crucial and it can help to support fulfilment decisions. By shipping from the best locations, you can reduce shipping costs and boost your profit margins.

Using a comprehensive ERP system like NetSuite can help to improve real-time visibility across locations. You can also save a considerable amount of time and effort by removing the need for manual order reviews, and the system will automatically assign orders to the best shipping locations. Making better fulfilment decisions won’t just reduce shipping costs, but it will also reduce shipping times which can have a knock-on effect on customer satisfaction.

Working With a NetSuite Business Partner in Ireland

Ultimately, improving inventory management is key to improving cash flow and it’s undoubtedly worthwhile focusing on inventory control if you want to free up cash for other purposes. If you’re interested in NetSuite business software and you’re wondering how it can benefit your operations, don’t hesitate to contact our team at OSSM. We collaborate with businesses across a range of industries and help them to overcome unique challenges.

As a trusted NetSuite Solution Provider in Ireland, you can rely on us to deliver flexible and long-lasting cloud solutions. Our team will happily assist you with your NetSuite project and help you to establish the best solutions to your needs. We can even provide you with a NetSuite product tour to help you determine whether it’s the right option for your business.

Why not explore our NetSuite Guide?

Download our guide: Where Warehouse Management and Finance Collide, where we have explored some common problems associated with basic warehouse management systems. 

From Chaos to Control

On June 20th, we will host a webinar to help businesses maximise inventory ROI with NetSuite.

The following topics will be discussed:

• Key Challenges for Distributors
• The Critical Role of Inventory Planning
• Precision Forecasting
• Efficient and Green Warehouse Management
• The Impact on the Bottom Line

See link to register: https://ossmcloud.ie/ossm-webinar-from-chaos-to-control/

About the Author

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Naren Sompalli

Naren holds a Bachelor of Engineering degree from BNM Institute of Technology. As a NetSuite specialist, he is involved in implementation at OSSM, collaborating with a team of experienced consultants. Naren conducts workshops for solution implementation and delivery, providing technical support and expertise.

Key Additions To Any CFO's Checklist

Key Additions To Any CFO’s Checklist

NetSuite ERPNetSuite Financial ManagementNetSuite Global Business Management
Key Additions To Any CFO's Checklist
  • NetSuite ERP, NetSuite Financial Management, NetSuite Global Business Management

The role of a Chief Financial Officer (CFO) is dynamic and demanding. This position is at the heart of an organisation’s financial operations and it has changed a lot over the years. A CFO’s day-to-day activities encompass a vast range of responsibilities, from monitoring key metrics to strategic financial planning. However, there is always more that can be done to drive a business forward. After all, the CFO plays a pivotal role in shaping the financial health and overall success of the organisation.

For CFOs looking for ways to not only improve their organisation’s financials but stay abreast with other aspects of the business and cement themselves as strategic stakeholders, we have created a list of key additions to a CFO’s checklist. While there might not be enough hours in every workday for these tasks, finding time to incorporate them into your workload can help to improve your professional performance as well as the performance of the business.

Host Frequent Meetings With Team Members

There is no denying that communication is essential in business and as they’re in a leadership role, a CFO should keep in touch with their team. To improve communication throughout your department, it’s beneficial to host meetings with your team on a more regular basis. Not only do these meetings provide you with an opportunity to support your team with any concerns they may have, but it enables you to offer coaching to aid ongoing development.

In addition to hosting meetings within your department, you should find time to stay up-to-date with other aspects of the business too. Improving communication between departments can help others to understand how they impact the overall financial performance of the business. By openly discussing with different departments how their decisions can affect cash flow for the whole business, you can ensure everyone is on the same page. Improving communication can have a positive impact on financials moving forward.

Automate More Processes and Daily Tasks

All CFOs should be using technology to their advantage on a day-to-day basis. Automating time-consuming and error-prone tasks is a great way not just to improve productivity, but boost the organisation’s bottom line. During financially challenging times, automating business processes can help to reduce the need for hiring more employees too. You may be surprised by just how many different tasks you can automate with the right technology.

It’s not just the finance department that should be automating tasks either. Introducing more efficient ways of working throughout the organisation can have a huge impact on budgets. So, new software and systems should be seen as an investment. Using technology throughout the whole supply chain can assist with everything from inventory management to faster decision-making, boosting overall business performance.

Be Proactive on Social Media

In this digital day and age, it’s more important than ever for CFOs to maintain their personal brand. Using platforms like LinkedIn, CFOs can stay up-to-date with the latest financial news and get involved in conversations with other industry professionals.

Regularly updating your LinkedIn profile with qualifications and awards is always beneficial, and you should be proactive in connecting with other financial professionals in your industry. In addition to commenting on other professionals’ posts on LinkedIn, consider writing your own posts. This is a great way to engage with other CFOs and boost your profile. Think of social media platforms like LinkedIn as a modern alternative to networking events.

Keep in Touch With Other Departments

As mentioned above, a CFO needs to communicate with other departments and educate them on the impact their decisions have on the business as a whole. However, as head of the finance department, you should also take some time to learn more about the struggles faced by different departments and the inefficiencies they’re experiencing.

Encouraging the whole finance team to engage in conversations with people from other departments can provide you with invaluable insights into what’s going on in the rest of the organisation. Simple ‘water-cooler chats’ during coffee breaks or lunches can help you to learn more about the challenges, priorities and goals of different departments. As a CFO, this puts you in a better position to collaborate with others and make decisions that benefit the business.

Provide Analytics Beyond the Finance Department

Tracking a range of Key Performance Indicators (KPIs) across the business can help you to understand how the organisation is performing in real time. Not only should you be tracking financial KPIs, but there is an array of operational KPIs that can help to improve business processes and support data-driven decision-making.

Helping other departments understand the data and analytics that are available to the finance team, and use these to improve their operations can have a positive impact on the business. Providing departments with KPI graphs, for example, can simplify information and help to improve their understanding of current performance from a financial perspective. When you provide different departments with straightforward analysis of KPIs, you can ensure that everyone is working together toward the same goal of improving the bottom line.

Invest in New Technologies

Should you find that your technology is no longer working efficiently for your business, investing in new systems can transform your day-to-day operations. When trying to automate more processes, you may find that you don’t currently have the capabilities to streamline everyday tasks and this can highlight the need for new technologies. With such a huge array of options on the market now, there is a software solution that can improve every aspect of your business.

Making the right technology investments at the right time can transform the way different departments operate and in turn, the organisation’s financial situation. Implementing powerful and intelligent software like NetSuite has proven time and time again to change the way organisations do business. NetSuite solutions can improve efficiency by simplifying and streamlining complex processes across various departments. Not to mention, these flexible, cloud-based solutions offer unparalleled transparency. By bringing a new level of intelligence to your organisation, NetSuite can boost your bottom line.

Consulting a NetSuite Partner in Ireland

As a modern-day CFO, adding the above tasks to your checklist can help you to ensure you remain a strategic advisor that’s benefiting the whole business. Remember, finance directly impacts every department and CFOs can improve an organisation’s long-term profitability and prospects. If you’re interested in finding out more about how you can use technology to support both financial management and business management as a whole, contact our team at OSSM.

We are leading NetSuite consulting partners. Our expert team understands that all businesses have different problems and our consulting services can help you to determine the best systems for your specific needs. The creative and flexible NetSuite solutions we provide can help to improve your business both now and long into the future. We genuinely care about the outcomes of our projects, and we are passionate about helping our clients implement changes within their organisation.

Click below to download this guide to the top 20 best KPI’s for your business: