In today’s highly competitive business landscape, staying ahead is a constant struggle for all organizations. To achieve this, businesses must be updated with the latest information about the market, customers, and competitors. Gathering information about any of these is known as market research.  Whether you are launching a new product or improving an existing one, market research is necessary to understand the market trend and user perception. Traditionally, user interviews, surveys, and group discussions have been employed to gather this information. However, today, most of this infor ..read more

NetSuite, one of the premier cloud-based ERPs on the market today, has a long list of integrations and applications that can be used in congruence with the platform itself, making its business impact even more profound. If you want more functionality than what is provided by out-of-the-box features, the wide variety of available NetSuite integrations and applications can be found on the NetSuite marketplace called SuiteApp. Top 15 Apps & Integrations on NetSuite Finance and Accounts Nanonets Bill PayEm CRM HubSpot Salesforce Zendesk eCommerce Adobe Commerce Shopify Amazon Point-of-s ..read more

Introduction to Stripe Reconciliation Every digital purchase is a complex interplay of entities—Customers, Merchants, Acquirers, and Issuing Banks—that orchestrate the flow of funds. A Payment Service Provider (PSP) acts as an intermediary between merchants and the financial institutions involved in processing online transactions. Stripe is a PSP that offers a suite of services to streamline payment processing and enhance the online shopping experience.   Stripe not only facilitates seamless payment processing but also simplifies the reconciliation process by providing detailed transacti ..read more

Lead generation is the heartbeat of all businesses. Without an effective lead-generation process, any business cannot grow and sustain for long. Traditionally, lead generation was done either manually or through marketing campaigns. However, today, most businesses generate leads online by getting prospective clients to visit their websites and share details to start a conversation. But not every visitor to your website is ready to buy, and even fewer are willing to share their details for fear of being blasted by emails or calls. Hence, a business must be able to generate leads and have a he ..read more

Contracts are a gold mine of data, but manually digging for it is a nightmare. It's slow and error-prone and keeps your team from more important work. That's where automated contract data extraction shines. Automated contract data extraction quickly and accurately grabs critical data from your contracts using AI and OCR. It saves you time and resources, letting you focus on what matters. So, whether you're a legal professional looking to minimize risk, a procurement specialist aiming to optimize spend, or a contract manager striving to improve performance, automation is the way to go. In this ..read more

General Ledger Reconciliation The General Ledger (GL) is a silent custodian of a company's financial narrative. It is a record of all financial transactions of an enterprise and provides a comprehensive account of the organization's monetary activities. However, the GL is not the sole repository of financial data. Businesses maintain a multitude of other financial documents, including bank statements, invoices, bills, cash payment receipts, and more. These documents provide supplementary details and serve as external sources of validation for the transactions recorded in the general ledger.&n ..read more

Spreadsheets like Excel have long been a staple for account reconciliation, but their limitations are becoming increasingly evident. Issues such as version control, formula errors, and manual data entry pose significant risks to accuracy and efficiency. According to the ACCA, over 90% of spreadsheets have significant errors, despite over 90% of spreadsheet users being confident in the accuracy of their spreadsheets. Errors can lead to inaccurate journal entries, incorrect payments, and other missteps that can result in re-work, misguided business decisions, fines, penalties, restatement-relat ..read more

Extracting pages from a Word document is a common task that most of us need to perform occasionally. Whether you're working with invoices and need to extract specific fields like names and addresses, or you're dealing with contracts and want to extract particular clauses, being able to extract pages or parts of a Word document can be incredibly useful. Extracting pages from Word documents allows you to quickly process files more efficiently, export relevant data to other systems, and share specific information with colleagues. You can save considerable time and effort, especially when wo ..read more

NetSuite approval workflows and other invoice processing tasks can become more streamlined and efficient through AP automation. This article describes a NetSuite invoice approval workflow example with steps and addresses how third-party AP automation integration streamlines approving invoices for payment (and other NetSuite invoice processing workflows). Introduction to NetSuite  NetSuite is a cloud-based, real-time ERP system for managing functional business processes with a unified database. It includes core accounting software. Your business can select optional NetSuite modules and Sui ..read more

The past few years have been a toss-up for many businesses. Who could have predicted, in 2019, that a global pandemic would lead to record low interest rates and drive massive market gains before crashing down – then slowly returning to normal? In just five short years, enormous changes happened across business enterprises, and those unable to adapt failed. Unfortunately, for many, that’s developed into a short-term reactionary mindset that deals with problems as they arise rather than effectively forecasting and accounting for multiple contingencies. Strategic finance seeks to smooth out tho ..read more