Be More Competitive With Business Process, Product Knowledge and Accounting in NetSuite

There are three business areas that NetSuite can help your business make more money:

1. Business Practices
2. Product Knowledge
3. Operational Accounting

Business Practices

Business practices are the skills, know how, and procedures that comprise your business operations. In a fundamental way, customers trade their money for the practice your business produces which may show up as either a good and/or a service. A superior business process produces better goods and services and this will lead to more profit.

NetSuite excels in that it can track and coordinate business processes. For example, if a marketing initiative is going well (or not), you can see this in NetSuite's analytics area, and this will allow you to design new action for further spend, or new initiatives. NetSuite's integrated ERP and CRM function gives you a window into your business practices, allowing you to decide, minute-by-minute, where you are succeeding, and where you need improvement.

Product Knowledge

When talking about product knowledge, we are suggesting that your superior understanding of your good or service makes a marginal difference to your customers. The marginal difference is that you win the sale. Your knowledge will be seductive to prospective customers and will lead to more sales versus your competitors. For example, we have a client that sells air-cleaners via eCommerce. Their understanding of allergies, pollutants, smoking, and health conditions help them listen better to customers and suggest the best product from their inventory. This leads to more sales.

NetSuite's capacity to organize information about your products and services through its robust item master can help you demonstrate your superior knowledge. For example, our client can track the typical ailments in a custom field in the item master which makes it easy to search and organize. The eCommerce website can then key on this information to present the best product to the customer. This triggers the customer to trust my client and be willing to purchase their goods.

Operational Accounting

Operational accounting is different from financial accounting when it comes to being more competitive and making more money. Whereas financial accounting tracks the "GAAP" results of employing assets through fulfillment, operational accounting is much more forward and real-time looking. For example, counting the number of leads in the CRM system relative to the number of phone calls made today is an operational accounting practice. This has very little to do with finance. It has everything to do with assessing if action is powerful for opening and closing new sales. Hence, operational accounting is an extremely useful practice for gauging the effectiveness of our actions.

NetSuite performs very good financial accounting functions, while it offers superior capacity to track and measure operational functions. Since everything from marketing to order entry to collecting cash is integrated within NetSuite, all business action is tracked and can be measured in real-time. Email alerts can be generated that trigger people into powerful action depending on key events that can be defined based on your imagination. Information dashboards can bring important measures into the foreground keeping management on track.

In summary, NetSuite is the premier tool that allows you to be more competitive. You become more profitable because you can seduce customers to buy your goods and services with your superior product knowledge, you can offer your business process by delivering on your promise in an effective and efficient fashion, and you can account for all the action in your business to help you continuously learn and improve.

Copyright © Marty Zigman 2011

Marty Zigman, founder of Prolecto Resources, the leading Southern California consultancy leading companies to advanced growth through NetSuite based implementations and innovations. Marty's organization has developed scalable eCommerce systems for companies such as Time Warner and Bank of America which processed over $1.6 billion in order revenue within 12 months. Marty Zigman, a previous CPA and Deloitte & Touche consultant, brings a unique perspective to how business systems can lead to increased enterprise value and competitive advantages. http://blog.prolecto.com.

Is IQ (Intelligence Quotient) The Product Of Inherited Knowledge And Acquired Knowledge?

What is IQ? IQ is the product of inherited knowledge and acquired knowledge.

What is inherited knowledge? Inherited knowledge is knowledge inherited from our parents, our ancestors and our Creator from our birthrights. This is the most wonderful gift we receive from our parents. We should be excited and feeling grateful that we have this inherited knowledge. All of us are born from the union of our mother and father and not cloned like a robot or machine. All of us inherit some of our ancestors' knowledge and skills and these are stored in our brain.

Our inherited knowledge stretches far into our great ancestors and from our Creator! Our Creator is the source of all knowledge and wisdom. We are humans, not animals. We have brains that can think well and evaluate. We are intellectually gifted in our own ways, though it varies. No two brains are identically alike. Each have our own abilities and capabilities, tapped and untapped.

All of us are so excited in the process of tapping all these abilities and capabilities. The best is that all tapped IQ can bring us more advantages than ever. All of us can possess this valuable Q, yes, an extremely wonderful asset that can move a mountain or fill up an ocean! One should never underestimate what our brains when tapped are capable of doing.

Thoughts once an imagination are creations of today! We can fly, we can swim, we can go to the end of the world, explore the four corners of the earth and go to the outer space. All of us are unique and special in our own ways. All of us inherited every possible thoughts and experiences. These are recorded inside our DNA cells. One should learn to tap this valuable knowledge through practise, meditation or quietly listening to our thoughts. Learn and master this skill of creative thinking.

Our acquired knowledge is knowledge that we obtain from external sources that start from the moment we are born till the day we breathe our last. Learning is a lifelong process, maturing into our different stages of life. Acquired knowledge can be from abundant sources, like schools, institutes, universities, mass media, all articles printed or written or from the net. We have spent so much time, so much money and so much effort in our lives to add into our inherited knowledge from all possible reliable sources. Acquiring knowledge is an extremely big and wide field! It covers all possible languages all over the word and no libraries are big enough to fill in written articles and notes.

That is why all of us are so excited about being learned, and will continue to learn.... to master.... to acquire those skills and knowledge that can upgrade us as a better intellect. IQ, be it inherited or acquired combined are well established now. Many are now equipped with every possible certificates depicting the degree or height of one's intelligence.

Our brain....what contains in our brain is what makes the difference. Does it end here? What else do we not know? What else do we want? How far can we go? Where to learn? What can we get?

IQ is also a Q that sometimes make some learned egoist and proud of their certificates. Being equipped with IQ, but without EQ or MQ or just any other Qs, he/she is also considered as a total failure! Pride will go for a fall, that is what we always describe their failure. It is not that one should listen just to our brain with its domineering IQ that we follow without applying inner conscience.

There are actually many topics to be shared on how to tap our IQ, how to use our IQ productively and how to maximize our potentials of all these wonderful Qs. You can read more articles at http://ezine-articles.org/ezinearticles/alternative-health/.

Lucy Wong is a health and nutrition consultant. Her interest in health related issues include the development of mental health. She has written many articles on this subject in her personal column under "alternative health" in http://ezine-articles.org Read more about mental health articles in her personal column and discover the secrets of maintaining good mental health.