10 Ways an Effective Financial Management System Facilitates Growth

10 Ways 
an Effective Financial 
Management Solution 
Facilitates Growth 
The Essentials of an Effective Financial Management Solution 
www.bluebridgeone.com Industry specific NetSuite solutions
Strong financial control is no 
longer an optional extra 
smart solutions for business 
BlueBridge One is a leader 
in deploying NetSuite cloud-based 
ERP, CRM and 
Financials solutions that 
integrate the diverse range 
of activities across many of 
today's businesses 
www.bluebridgeone.com Industry specific NetSuite solutions 
Financial management across every 
department needs to be buttoned 
down and integrated to prevent 
inefficiency denting the bottom line 
and stifling growth. 
In this slide deck we give an overview 
of some of the key features and 
benefits of a financial management 
solution that enables control and 
intelligence for businesses, including 
wholesale distribution, manufacturing 
and professional services companies.
Cash Flow Management is critical to growth and important 
factors here include identifying Recurring Revenue, Revenue 
Recognition Management and real-time visibility 
smart solutions for business 
1. Core Financial 
Management Capabilities 
Accounting Functionality needs to be comprehensive and provide 
scalability to accommodate growth, and flexibility to adapt to 
needs such as independent closing and international subsidiaries 
Financial Planning and 
Reporting supports 
accurate and timely 
decision making and is 
essential for meeting 
compliance and 
regulatory standards 
www.bluebridgeone.com Industry specific NetSuite solutions
smart solutions for business 
2. Integrated Inventory 
Management, 
Fullfilment & Shipping 
Inventory management is 
essential for preventing excess 
inventory pushing up the cost of 
goods sold (COGS) 
Good inventory management 
means keeping track of bin and lot 
management, landed cost, 
demand based replenishment, 
customer and volume pricing, and 
multi-location inventory 
www.bluebridgeone.com Industry specific NetSuite solutions 
Integrating fulfilment and shipping 
eliminates manual re-entry and 
order processing errors, while 
reducing annual shipping costs by 
up to 35%
• A single, fully integrated solution avoids the significant overheads of buying, maintaining and 
• A cloud-based financial management solution not only eliminates the need for multiple 
applications, it removes the need for in-house resources, including IT infrastructure and does 
not increase the workload on IT personnel 
• Cost reduction typically ranges from 20% to 50% and productivity in other areas such as the 
smart solutions for business 
3. Low Total 
Cost of 
Ownership 
and Superior 
Ease of Use 
operating several disconnected on-premise applications 
sales channel may increase three-fold 
www.bluebridgeone.com Industry specific NetSuite solutions
4. A Streamlined 
Order-to-Cash Process 
An efficient Order-to-Cash process ensures profits 
grow in line with expectation and demand 
An efficient Order-to-Cash system means customer 
and order data is only keyed once and then 
populated throughout the system to achieve 
fulfilment and back end accounting, including sales 
commission calculations 
A well-executed Order-to-Cash process leverages 
greater economy of scale reducing the cost of 
sales as growth gathers momentum 
www.bluebridgeone.com Industry specific NetSuite solutions
As Order-to-Cash simplifies life for sales ledger, 
Procure-to-Pay eases purchase ledger and 
means supplier and purchase order data is only 
keyed once, eliminating errors and saving time 
smart solutions for business 
5. Procure to Pay 
Processes 
Procure-to-Pay integrates buying activity 
and enables inventory and investment 
purchasing that supports growth to be 
properly accounted against cost centre 
Purchase 
order 
automa.on 
enables 
automa.c 
re-­‐ordering 
once 
stock 
levels 
reach 
a 
pre-­‐determined 
trigger 
point, 
op.mising 
inventory 
www.bluebridgeone.com Industry specific NetSuite solutions
smart solutions for business 
6. HR Process 
Management 
The efficient hand-off of HR information to finance reduces 
errors and saves time across the process that ensures salaries, 
deductions, holidays and sickness are correctly calculated 
Payroll integration ensures earnings, deductions, company 
contributions and taxes are automatically worked out and that 
tax reporting is easily obtained 
Enabling employee self-service allows data changes made by 
staff to be automatically captured and reconciled to the 
system, reducing administrative time soak and costs 
www.bluebridgeone.com Industry specific NetSuite solutions
smart solutions for business 
7. Business 
Intelligence 
1. An integrated financial solution across the business is 
the foundation that releases true business intelligence 
2. Customised dashboards tailored to the role of each 
member of the finance team provides insight into key 
performance indicators 
3. Dashboards are real-time and based on a central 
repository of data, eliminating inconsistencies and 
inefficiency while saving time when compared with 
manual, spreadsheet based BI processes 
www.bluebridgeone.com Industry specific NetSuite solutions
8. Multi-Company and Global 
Business Management 
smart solutions for business 
www.bluebridgeone.com Industry specific NetSuite solutions 
A good solution for international 
operations also eliminates the 
cost and complexity that results 
from currency conversion and 
daily variations in FOREX rates 
Sustaining growth may mean an 
expansion into new international 
territories and a solution purpose 
built for the needs of a multi-country 
business vastly simplifies 
cross border operations 
Legal and tax compliance and 
integrated VAT or other local 
sales tax functionality increases 
accuracy while eliminating the 
need for manual, error prone 
processes and costs
smart solutions for business 
9. Adaptability to 
specific business 
models 
• Even within the same sector, no two businesses have 
identical needs and cloud-based solutions need to be as 
adaptable, flexible and configurable as possible 
• The financial management solution needs to be able to 
address the unique needs of each individual business 
• Flexible workflow management enables companies in 
different sectors to align the solution with the varying 
needs of their business models 
www.bluebridgeone.com Industry specific NetSuite solutions
2 3 
smart solutions for business 
10. Project Accounting and 
Contracts Management 
1 
Central to simplifying this is 
a good project to bill process 
that identifies when 
deliverables have been 
completed and request for 
payment can be initiated 
Companies providing 
project or contract based 
services probably have 
the most complex 
business models, creating 
problems for finance 
www.bluebridgeone.com Industry specific NetSuite solutions 
A fully integrated project 
to bill process responds in 
real-time optimising billing 
and automating payment 
schedules required for 
multi-staged projects
smart solutions for business 
Summary 
• A truly integrated financial management system centralises 
financial control and efficiency, maximising profitability 
• Integration brings together, simplifies and automates 
business processes, improves accuracy and delivers 
intelligence while allowing your staff to perform their jobs 
much quicker 
• An adaptable, cloud-based solution rich in business 
planning, system integration and reporting capabilities best 
facilitates business growth 
www.bluebridgeone.com Industry specific NetSuite solutions
smart solutions for business 
Find out more about BlueBridge One 
Visit us at www.bluebridgeone.com or call 08008 620 243 to find out how we deliver 
the benefits of NetSuite to UK companies that demand service and support appropriate to 
the pivotal role ERP, CRM and Financials play in their businesses. 
smart solutions for business 
Download the full paper 
Find out more by downloading the full white paper at: 
http://www.bluebridgeone.com/s.nl/it.I/id.117/.f 
Icon 
graphics 
from 
www.fla.con.com 
www.bluebridgeone.com Industry specific NetSuite solutions
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10 Ways an Effective Financial Management System Facilitates Growth

  • 1. 10 Ways an Effective Financial Management Solution Facilitates Growth The Essentials of an Effective Financial Management Solution www.bluebridgeone.com Industry specific NetSuite solutions
  • 2. Strong financial control is no longer an optional extra smart solutions for business BlueBridge One is a leader in deploying NetSuite cloud-based ERP, CRM and Financials solutions that integrate the diverse range of activities across many of today's businesses www.bluebridgeone.com Industry specific NetSuite solutions Financial management across every department needs to be buttoned down and integrated to prevent inefficiency denting the bottom line and stifling growth. In this slide deck we give an overview of some of the key features and benefits of a financial management solution that enables control and intelligence for businesses, including wholesale distribution, manufacturing and professional services companies.
  • 3. Cash Flow Management is critical to growth and important factors here include identifying Recurring Revenue, Revenue Recognition Management and real-time visibility smart solutions for business 1. Core Financial Management Capabilities Accounting Functionality needs to be comprehensive and provide scalability to accommodate growth, and flexibility to adapt to needs such as independent closing and international subsidiaries Financial Planning and Reporting supports accurate and timely decision making and is essential for meeting compliance and regulatory standards www.bluebridgeone.com Industry specific NetSuite solutions
  • 4. smart solutions for business 2. Integrated Inventory Management, Fullfilment & Shipping Inventory management is essential for preventing excess inventory pushing up the cost of goods sold (COGS) Good inventory management means keeping track of bin and lot management, landed cost, demand based replenishment, customer and volume pricing, and multi-location inventory www.bluebridgeone.com Industry specific NetSuite solutions Integrating fulfilment and shipping eliminates manual re-entry and order processing errors, while reducing annual shipping costs by up to 35%
  • 5. • A single, fully integrated solution avoids the significant overheads of buying, maintaining and • A cloud-based financial management solution not only eliminates the need for multiple applications, it removes the need for in-house resources, including IT infrastructure and does not increase the workload on IT personnel • Cost reduction typically ranges from 20% to 50% and productivity in other areas such as the smart solutions for business 3. Low Total Cost of Ownership and Superior Ease of Use operating several disconnected on-premise applications sales channel may increase three-fold www.bluebridgeone.com Industry specific NetSuite solutions
  • 6. 4. A Streamlined Order-to-Cash Process An efficient Order-to-Cash process ensures profits grow in line with expectation and demand An efficient Order-to-Cash system means customer and order data is only keyed once and then populated throughout the system to achieve fulfilment and back end accounting, including sales commission calculations A well-executed Order-to-Cash process leverages greater economy of scale reducing the cost of sales as growth gathers momentum www.bluebridgeone.com Industry specific NetSuite solutions
  • 7. As Order-to-Cash simplifies life for sales ledger, Procure-to-Pay eases purchase ledger and means supplier and purchase order data is only keyed once, eliminating errors and saving time smart solutions for business 5. Procure to Pay Processes Procure-to-Pay integrates buying activity and enables inventory and investment purchasing that supports growth to be properly accounted against cost centre Purchase order automa.on enables automa.c re-­‐ordering once stock levels reach a pre-­‐determined trigger point, op.mising inventory www.bluebridgeone.com Industry specific NetSuite solutions
  • 8. smart solutions for business 6. HR Process Management The efficient hand-off of HR information to finance reduces errors and saves time across the process that ensures salaries, deductions, holidays and sickness are correctly calculated Payroll integration ensures earnings, deductions, company contributions and taxes are automatically worked out and that tax reporting is easily obtained Enabling employee self-service allows data changes made by staff to be automatically captured and reconciled to the system, reducing administrative time soak and costs www.bluebridgeone.com Industry specific NetSuite solutions
  • 9. smart solutions for business 7. Business Intelligence 1. An integrated financial solution across the business is the foundation that releases true business intelligence 2. Customised dashboards tailored to the role of each member of the finance team provides insight into key performance indicators 3. Dashboards are real-time and based on a central repository of data, eliminating inconsistencies and inefficiency while saving time when compared with manual, spreadsheet based BI processes www.bluebridgeone.com Industry specific NetSuite solutions
  • 10. 8. Multi-Company and Global Business Management smart solutions for business www.bluebridgeone.com Industry specific NetSuite solutions A good solution for international operations also eliminates the cost and complexity that results from currency conversion and daily variations in FOREX rates Sustaining growth may mean an expansion into new international territories and a solution purpose built for the needs of a multi-country business vastly simplifies cross border operations Legal and tax compliance and integrated VAT or other local sales tax functionality increases accuracy while eliminating the need for manual, error prone processes and costs
  • 11. smart solutions for business 9. Adaptability to specific business models • Even within the same sector, no two businesses have identical needs and cloud-based solutions need to be as adaptable, flexible and configurable as possible • The financial management solution needs to be able to address the unique needs of each individual business • Flexible workflow management enables companies in different sectors to align the solution with the varying needs of their business models www.bluebridgeone.com Industry specific NetSuite solutions
  • 12. 2 3 smart solutions for business 10. Project Accounting and Contracts Management 1 Central to simplifying this is a good project to bill process that identifies when deliverables have been completed and request for payment can be initiated Companies providing project or contract based services probably have the most complex business models, creating problems for finance www.bluebridgeone.com Industry specific NetSuite solutions A fully integrated project to bill process responds in real-time optimising billing and automating payment schedules required for multi-staged projects
  • 13. smart solutions for business Summary • A truly integrated financial management system centralises financial control and efficiency, maximising profitability • Integration brings together, simplifies and automates business processes, improves accuracy and delivers intelligence while allowing your staff to perform their jobs much quicker • An adaptable, cloud-based solution rich in business planning, system integration and reporting capabilities best facilitates business growth www.bluebridgeone.com Industry specific NetSuite solutions
  • 14. smart solutions for business Find out more about BlueBridge One Visit us at www.bluebridgeone.com or call 08008 620 243 to find out how we deliver the benefits of NetSuite to UK companies that demand service and support appropriate to the pivotal role ERP, CRM and Financials play in their businesses. smart solutions for business Download the full paper Find out more by downloading the full white paper at: http://www.bluebridgeone.com/s.nl/it.I/id.117/.f Icon graphics from www.fla.con.com www.bluebridgeone.com Industry specific NetSuite solutions