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Robert Jurcec

How to Adapt to the Digital Future for the Not-For-Profit Sector

Non-Profit organisations are under increasing pressure to innovate to generate better outcomes for their customers, clients, and the communities they support. Throughout the unprecedented times of the pandemic, the nonprofit sector has realised the need to innovate their fundraising activities and management, admitting they are now forced into harnessing the power of digital technology and …

High-Stakes Decisions: Reputation and Risk Management for Non-Profits

The COVID-19 pandemic has led to every business needing to review the way their company operates currently and how it may be required to work in the future. Not-For-Profit organisations need to manage risk or risk their reputation. Not-For-Profits are particularly vulnerable to reputation damage if they mismanage funds they receive from donations and grants.    …

NetSuite ERP 2020 Release 2 Helps Professional Services Prepare for Change and Manage Hybrid Workforce Models

miOver recent years, Professional Service firms including Netsuite partners, faced continuous challenges to long, complex projects from increasing competition and changing client requirements. Like every business, Professional Services firms are looking to reduce operational costs while increasing their bottom line.  To achieve these goals, the elimination of manual data entries, disparate project management systems, information …

Manufacturers Build Resilient Supply Chains With NetSuite ERP 2020.2

The recent Australian and global crises have seen supply chains disrupted in many ways which has resulted in manufacturers forced to find new suppliers and analysing their entire supply chain processes and their suppliers’ supply chains.  In the meantime, they have been battling to meet demands and forecast in such dynamic and evolving environments. The …

6 Risks Facing Businesses with Legacy Systems

“We’re going to ‘sweat’ our asset a little longer”. This is a phrase that is often spoken by management when considering an organisation’s existing software systems. An initial investment has been made in a solution, and now, when faced with upgrading or replacing it for a better outcome, the business decides to hold off, rather …

Data Integrity And The Five Rights of Data

A few years ago, I worked with large organisations in the Public and Private sector looking to develop data integrity inside applications to better utilise and surface their data for customer, and employee, operations. In observing Executive teams and stakeholder groups grapple with what data to surface, I coined the term ‘The 5 Rights of …

NetSuite 2020 Release 2 Helps Wholesale Distributors Fortify Warehouse and Ecommerce Operations

Many Australian businesses rely on wholesale distributors to represent their business internationally, while many international businesses have appointed wholesale distributors for their ANZ market representation. Efficient warehouse operations is one of the key differentiators for wholesale distributors and solving core challenges can impact in delivering operational excellence.  Many distributors are battling with ineffective supply chains, …

NetSuite 2020.2 for IT Services and Software Companies Improves Subscription Management

IT Services and Software companies can now manage their subscription billings, reduce costs, and improve efficiencies with NetSuite 2020.2 Release. For many software companies managing subscription-based finances has always been, and continues to be a cumbersome process, often it’s a manual operation. The pandemic has resulted in bringing opportunities for IT Services and Software businesses …

Why Good Financial Management Is Essential For Not-For-Profit Organisations

With all the nonprofit challenges in 2020, it’s easy to panic when it comes to nonprofit financial management during the coronavirus pandemic. With the situation changing almost daily, it’s hard to look to the future with any level of certainty. But if there’s anything 2020 has taught us, it’s that good financial management is essential …

Seven Actions Required to Meet NonProfit Funding Challenges in 2021

NonProfit funding and financial sustainability has been found to be the #1 Top Issue for Board Directors and Executive team members in a survey by AIDC of NonProfits and the challenges they face in 2020/21. NonProfit funding has always been challenging, but the impacts of COVID-19 have seen significant change in the form of reduced …

What are the types of ERP systems – How does Cloud ERP Fit

What is an ERP and how do they differ? It is well accepted that technology drives growth and business improvement.  Advancements in software applications have meant that they have become critical business tools by maximisation of profit, improvements in efficiency, fostering innovation, and allowing for rapid scale and growth. As organisations looked for ways to …

NetSuite 2020.2 for Not for Profits Enables Accurate, Reliable Cross-Functional Data Sharing

The reputation and risk landscape for Australian Not-For-Profits is constantly evolving. Shifting demographics, changing regulatory requirements, reporting, and expanded funding examinations present challenges to this sector.  Successful nonprofits are those that can adapt to the demands and still deliver their services. The recent bushfires and COVID-19 crisis have highlighted the importance of using the correct …

Scenario Planning and Forecasting. A Must in the Current Landscape. Here’s How NetSuite Can Help.

As most financial and leadership teams will attest, forecasting under normal circumstances can be cumbersome and challenging, and in today’s current environment, it might seem even impossible. But as the economy reopens, it’s crucial for businesses to build out scenarios based on their current state and assume a wide range of outcomes, accounting for sales, …

Multi-Subsidiary Accounting Can Be Easy

Managing the typical close process is rarely easy—data is stored in multiple systems and formats, hours are spent tracking down missing information and spreadsheet calculations must be entered into the accounting system manually. For organisations with multiple subsidiaries or independent business units, however, closing the books is even more challenging, especially if they operate in …

3 Ways to Budget and Plan your Business Financial Projections

It’s that time of year again… Budgets! As we draw closer to the beginning of the new 2020-21 financial year. Financial Planning and Analysis (FP&A) teams play a crucial role supporting major corporate decisions of the CFO, CEO, the Board of Directors and department heads. Unlike accountants who are in charge of record keeping, financial …