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  • In every profession, there are some set of rules that professionals have to follow to perform and leave a lasting impression. Similar to every business, consulting services in IT domain also need to serve clients by following certain rules of the road. Would you as a client consider hiring someone who can miss out on the very first appointment secured for the project discussion? The answer most probably would be a no, since no one has got enough time and patience for unnecessary hassle. Similar to this, following are some do’s and don’ts that consultants must pay attention before going for a new project appointment.

    Do’s

    • Live up to small promises: Stand firm on your promises with your prospects, or maybe with everyone. This can cover being on time, etc. that applies to meetings, phone calls, deliverables and so on; for everyone expects constant communication in present-day world.

    • Make yourself easy to reach: When you are not available to your prospectives easily, it reduces your ability to close deal with anyone. You should include emails and contact information over every web page to not miss out on any business opportunities.

    • Say “Thank You” more often: Don’t take anything for granted, whether you received a new project or just got a return phone call and remember to say thank you sincerely.

    Don’ts

    • Jumping to conclusions beforehand: It can turn off your prospective at the very start of the meeting because the clients don’t feel heard and understood. You may have experience of years and you may love to solve problems of the clients, but never try to emerge a smart consultant by simply providing a solution even before letting your client complete his part. Clients want to be heard and contribute to the discussions in a meaningful way. If the answer doesn’t fit the need of the client, it can result in rejection of your solutions and there’s a huge chance that the client is not going to hear about your other solutions further.

    • Using similar approach with every client: There are two ways to approach clients. Some people know how to sell benefits and some know how to make clients aware about the scary consequences of something. If you are proficient in both ways, you know how to best handle various clients by matching with their passive, assertive or aggressive personalities.

    • Don’t share a bad mood: We’re bound to have moments of anger, blue or frustration, but always remember that your client isn’t prepared for that.

    With every know how of what to follow and what not to, to emerge pleasing but not cheesy; you now have the right power to attract your potential clients. There are different consultants out there serving in different industries, among which most required consultants are the ERP consultants. Having served worldwide clients for a decade with NetSuite consulting services, inoday has carved a dominant position. Our NetSuite consultants possess intricate skills and knowledge of every industry to serve you in best possible manner. After a careful understanding of your requirements, we do in-depth R&D to offer best results via our NetSuite consulting at best prices.

  • Engineered for high-growing, mid-sized businesses and large enterprises, Oracle NetSuite is cloud-based, true SaaS business management solution that enables companies to manage all key business processes through single system. Available as online service, Oracle NetSuite ERP requires no large upfront cost, no maintenance fees associated with hardware or software, and no complex set ups. NetSuite ERP features capabilities across financial management, revenue management, fixed assets, order management, billing, and inventory management while delivering real-time view of key performance indicators and reports to top management, enabling them to make well-informed decisions.

    Key features of Oracle NetSuite ERP

    Financial Management – As comprehensive financial management solution, NetSuite ERP expedites daily financial transactions, accelerates the financial close while ensuring compliance. By consolidating financial data, reports and transactions into single platform, NetSuite delivers real-time visibility into the financial performance. Furthermore, it can be integrated seamlessly with order management, inventory, CRM and ecommerce functions to streamline critical business processes.

    • Finance and Accounting
    • Billing
    • Revenue Recognition
    • Financial Planning & Reporting
    • Global Accounting and Consolidation
    • Governance, Risk, & Compliance Management

    Planning and Budgeting – NetSuite facilitates both company-wide and departmental financial planning, accommodating wide range of business logics. NetSuite also offers seamless integration with Microsoft Office tools such as Microsoft Outlook, Excel, Word and PowerPoint with Smart View for Office, allowing users to leverage Excel as the environment for adding custom members on the fly, slicing and dicing data and ad-hoc modeling.

    • Capex Planning
    • Travel And Expense Planning
    • Workforce Planning
    • Predictive Planning
    • Reporting Capabilities

    Order Management – Eliminate manual bottlenecks, prevent errors while establishing smooth flow from sales quote to order fulfillment, ensuring timely invoicing and payment. You can improve quote accuracy, eliminate billing errors, & strengthen revenue recognition processes by integrating sales, finance and fulfillment teams.

    • Pricing & Promotions
    • Sales Order Management
    • Returns Management

    Production Management – NetSuite ERP enables organizations to run their manufacturing operations efficiently by streamlining sales order, work order processing, routing, scheduling, order fulfillment and product costing. By offering real-time visibility into every step of the production process, NetSuite help you to make better-informed decisions.

    • Product Data Management
    • Work Order Management
    • Planning and Scheduling
    • Quality Assurance
    • MES

    Supply Chain & Inventory Management – Build to support modern supply chain across multiple continents and time zones, NetSuite ERP provides a global time phase view that enables you to see projected inventory along any demand or supply. NetSuite ERP features demand planning capability with which organizations can calculate and predict demand based on historical demand, open opportunities and/or manually entered or imported sales forecasts.

    • Demand Management
    • Supply Management
    • Purchase Order Management
    • Transfer Order Management
    • Work Order Management

    Warehouse and Order Fulfillment – NetSuite helps organizations to improve warehouse operations by increasing agility, visibility and labor efficiency. With sophisticated Warehouse Management System (WMS), NetSuite helps in optimally managing all resources within distribution operations while minimizing the total cost of operation or ownership (TCO). NetSuite, further, supports RF device directed putaway and picking tasks driven by customized user defined strategies and advanced capabilities like wave management, cartonization, cycle count planning, real time inventory updates and integration with shipping systems.

    • Inbound Logistics
    • Outbound Logistics
    • Inventory Management
    • WMS

    Procurement – As procurement solution, NetSuite helps companies buy goods and services at the best cost and in a timely manner. NetSuite delivers real-time information into company spend and vendor performance while improving the accuracy of the procure-to-pay process by automating and linking key procurement transactions.

    As leading NetSuite Consultants in India, we can guide your through digital transformation. Feel free to contact us.

  • All types of businesses require a strong management to excel in their domain. Capital investment of a business cannot give the best returns unless it is utilized to the fullest. Making smart decisions using the best technology in the industry can be helpful for a business to achieve aims. NetSuite ERP comes across as the best business management software solution that can effectively fulfill requirements of businesses of every kind and size. Consulting experts to avail best benefits is the right way to make the most of ERP solutions. These consulting professionals can assist you through every step of the way. Understanding the crucial business, designing a plan accordingly and executing it properly can let you have best returns. The only concern comes in the way for companies is to find a reliable ERP consulting service provider to find optimum benefits.

    Consulting experts design a best suited plan and offer solutions to achieve organizational goals. They also offer ERP integration to maximize the effectiveness and provide staff education to guide them about NetSuite technology. Choosing the right consulting firm, companies should consider different aspects such as if their consultants can offer addons for NetSuite ERP that work as a cutting-edge solution and should cover guided navigation and easy to control SEO friendly product reviews. Choosing the right ERP, you can manage all business operations from a single, integrated platform along with benefits that are listed below:

    • 3600 view of all business processes at any given time

    • Reduced business complexities as well as costs due to disparate systems

    • Enhanced sales & marketing

    • Improved customer experience across multiple channels

    With above cited benefits that organization can have through NetSuite consulting services, companies need to avail it from right place. Shortlisting the most dependable names in the industry, inoday has proved its credibility among its ERP solution providing contemporaries at global platform. Its service structure comprises assessments, solution architecture, project management, implementation services, optimization services, etc. to exceed the expectations. With a clear vision of clients’ business, NetSuite consultants create unique business management solutions and implement them properly to enhance entire operation execution. Accomplishing projects within committed time frame and other such attributes let it stand out among others in the industry.

  • Budgeting and Forecasting are Critical to Business Success, but Are the Last Remaining Manual Processes

    Most of company preparing Budget and try to use full fledged budget function but failed due to unavailability of Budget Control.

    AS IS (NetSuite)
    NetSuite Financial Planning is the leading cloud-based planning application, automating budgeting, forecasting, reporting, and analysis. Companies can automate their planning cycle-setting budgets, monitoring and reporting on
    variances, analyzing options, and reforecasting accordingly-can dramatically improve execution.

    NetSuite provide Budget Function under Advance Financial Module, but doesn’t not provide any Budget Control. System doesn’t restrict any transaction which are going beyond the Budgeted Amount, it’s sheer critical, isn’t it?. When Business pull “Budget Vs Actual” report, they are surprised that there are lots of gap between Budget Vs actual.

    Once expense has been done then there is no option to take corrective action for the same. This issue reoccurs month to month, Location to Location and Head to head.

    We at inoday have put strategical enormous hours to figure out the process and control which will restrict transaction line which are beyond the approved budget. Means user cannot book any liability which are not approved or beyond the budget.

    Business enters the transaction with multi line level, system are only capable to highlight the line level which are not under or equal to the budget. So that user have only two way to encounter the restriction –

    • Authorize user have to increase Budget for that selected line or
    • User will remove unbudgeted line level and save transaction.

     

    This restriction will indicate risk on line level and Transaction level. To understand your detailed requirement, you can reach us here.

  • A Blanket Purchase Order (also known as a standing purchase order) is an agreement arranged between an organization and a supplier to deliver goods or services at a predetermined price on a recurring basis for a specified time period (typically 1 year).

    For example, if an organization determines that it submits 10 Purchase Orders per month to a particular vendor it can consolidate all these purchases into a single Blanket Purchase Order and issue 1 for the entire year, rather than 120 separate smaller Purchase Orders.

    NetSuite Customer Blanket Purchase Order Management

    During Sales Order creation, a sale person could reference an existing purchase order that still had sales capacity available (PO which not fully consumed).

    The key to make this work is to use dynamic variables on the sales order that would reveal themselves when the salesperson selected the “–- New -–” option on the Blanket PO drop down selector. The extra fields became visible and then could be used to collect validated information. This demands an advanced use case of the NetSuite SuiteScript toolset to create the intended behavior. The actual software pattern demands both server side UserEvent code to push down the dynamic variables and client side code to show / hide the form elements based on the change of the dropdown selector.

    When to use a Blanket Purchase Order

    • Repetitive and pre-specified purchases from the same supplier within a certain time period.
    • Standardized products or services which require numerous shipments.
    • When a quantity discount can be achieved.

    When not to use a Blanket Purchase Order

    • Unknown pricing at time of purchasing.
    • Price is subject to change.
    • Quality of product or service is significant.

    Blanket orders or call-off orders may also be used for ordering services, for example for maintenance and repair services. In these cases the benefits associated with stock-holding do not arise but the call-off order may allow emergency repairs or on-call maintenance to be arranged easily at guaranteed rates.