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Understand The Business Transaction

Optimize your finance organization by switching from efficiency to effectiveness

NetSuite is designed to help you source inventory to the appropriate location at the appropriate time, fulfill orders in a timely and accurate way, and support your customer order management process to resolve questions and changes.  It does this by enabling global inventory and supply chain management within a single database so you can easily control, and have visibility to your multiple locations and/or entities across the globe.

NetSuite Benefits for CEO

  • Supply Chain

    Control can be localized and customized while at the same time, allowing for a global roll-up within the same system.

  • Warehouse and Fulfillment

    You need to manage receiving, bin movements, and your pick, pack, and ship in the most efficient and automated way possible.

  • Manufacturing and Inventory Management

    Manage units of measure, intercompany inventory sales and other mechanisms to keep the inventory accurate and visible at all times.

Operate At a Strategic Level

Create a Demand Plan based on external sales forecasts or forecasts within the system or establish simple reorder points to generate demand.  NetSuite will translate your demand plan to a supply chain plan, which will enable inventory to get to the right location at the right time using the appropriate method for your business.  The supply chain plan may translate to a suggested Purchase Order, Transfer Order, or Work Order depending on your replenishment rules.  

Real-time consolidated data/Multi-dimensions views

Action items requiring your immediate attention are highlighted for quick access. For example, you can approve all sales order with a click. Need to look into your global financials? Launch corporate income statement and get the consolidated view at headquarters level and then at the subsidiary level, see income statement details in foreign currency instantly. Even access details at the invoice level. For many companies, NetSuite’s WMS will enable these through the use of handheld devices and automation for a low cost.  Others will need advanced warehouse management systems that need to interface with NetSuite as if they were one system.  NetSuite’s open API allows for this and Squire has implemented these solutions with great success.

Optimize Financial Processes

NetSuite transforms your role, giving you real time visibility, with keen reliable insight into business operations. You may have a full manufacturing process, including labor and overhead allocations or you may simply use contract manufacturers where you need to absorb outside parts and labor costs into your inventory or somewhere in between. Control can be localized and customized while at the same time, allowing for a global roll-up within the same system. Either way, Squire will show you how NetSuite can help you meet these objectives without the need for clunky manual processes.  

We focus first on the process.

At Squire and Company, we are accountants first and foremost. We seek the larger picture of your business and look to understand the accounting impact of transactions on your business. Once we understand your business we will then structure a full customized NetSuite solution that will help you meet your unique and specific business needs.

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