The NetSuite Podcast

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How to Prepare for ASC 842, the New Lease Accounting Standard May 27, 2019

Show notes

Everything you need to know about the new lease accounting standard under ASC 842. CPA and Oracle NetSuite's Software Industry Expert, Carrie Augustine, explains how the new standards differentiate from the previous standards (6:07), why these changes are going into effect right now (9:14) and what companies (most notably, accounting teams) can expect from these changes moving forward (11:18). Augustine explains why it's imperative for companies to operationalize the processes in accounting for the new standards (13:50), especially in reporting ratios to investors or banks (19:34). Finally, Augustine provides pertinent information regarding the timeline in which companies should be accounting for ASC 842 (21:37), how long a company will need to prepare for the changes (22:41) and how Oracle NetSuite can help (24:44). Tune in for all of this and more!

For More, Follow Us Here:

Carrie Augustine LinkedIn: https://www.linkedin.com/in/carriea/

NetSuite LinkedIn: https://www.linkedin.com/company/netsuite/ Twitter: https://twitter.com/NetSuite Instagram: https://www.instagram.com/oraclenetsuite/ Facebook: https://www.facebook.com/NetSuite/

Two Birds Brewing Finds Recipe for Success in Real-Time Reporting May 13, 2019

Show notes

Danielle Allen, co-founder of Two Birds Brewing, details the roots of the first female-founded brewery in Australia (3:00). She dives into the journey of Two Birds Brewing—the first female-founded brewery in Australia—and why she and co-founder Jayne Lewis knew they had an innovative idea that could find a place in the increasingly competitive brewery industry (9:45). Allen then explains how the fledgling company created capital and overcame the obstacles faced during an intense growth period (17:40), including issues with spreadsheets and outdated systems (23:20). She goes on to reveal the importance of having a cloud-based business management system capable of growing with the company (25:50), and why Two Birds ultimately chose NetSuite to manage vital functionalities (27:20).

NetSuite's JAPAC Expansion Strategy & What It Means for Your Business Apr 29, 2019

Show notes

Oracle NetSuite's NetSuite's Group Vice President and General Manager of Asia-Pacific and Japan (JAPAC), Lee Thompson, discusses the strategies, goals and continued expansion across the region. With over 30 years of experience in the industry, Thompson starts off by breaking down the difference between NetSuite and major competitors (7:05). He then dives into NetSuite's massive progress in JAPAC over the past four years (8:20), and why expansion across the region is more important now than ever before (11:00). He explains some of the challenges specific to the region (16:15) and the goals NetSuite has established to not only overcome those challenges but also enable more success for businesses within the region (25:08). Thompson notes how expansion and native localization across JAPAC will benefit all NetSuite customers (29:05) and concludes with a message for any organization considering a new business solution (30:45).

Lee Thompson LinkedIn: https://www.linkedin.com/in/leethompson911/

NetSuite JAPAC Twitter: https://twitter.com/NetSuiteJAPAC Facebook: https://www.facebook.com/NetSuiteJAPAC/ LinkedIn: https://www.linkedin.com/showcase/netsuitejapac/ Instagram: www.instagram.com/oraclenetsuite

How the Golden State Warriors Also Build Success Off the Court Apr 15, 2019

Show notes

The Golden State Warriors are dominating the NBA on and off the court. Chief Financial Officer, Jennifer Cabalquinto, sat down on this episode of "The NetSuite Podcast" to explain what's prepared her to take on the monumental task of managing the championship team's finances (3:45) and how she ended up in the role in the first place (6:00). She explains the Warriors' goal to become a global sporting and business powerhouse (11:20), breaking down the obstacles the team initially faced when scaling to that title (15:20). Ultimately, Cabalquinto helped the Warriors decide to implement Oracle NetSuite, which she says is the right business management system for growth, transparency and integration (21:25). Tune in for all this and more!

Everything You Need to Know About SuiteWorld, Then and Now Mar 18, 2019

Show notes

On this episode of "The NetSuite Podcast," we sat down with SuiteWorld creator, Jennifer Smith, and the current leader of SuiteWorld, Laine Sobel. After discussing their individual roles at Oracle NetSuite (2:58), they dive into the history of SuiteWorld (12:10), what goes into the massively successful event (22:20) and a few of their favorite memories from years past (26:10). Smith and Sobel also reveal what attendees can expect at SuiteWorld19 (32:15), dropping a few exciting announcements (36:35) and explaining why Oracle NetSuite customers and prospects won't want to miss it (37:55). Make sure you stay tuned until the end for a little surprise, too!

Get More Information & Register for SuiteWorld19 Here: www.netsuitesuiteworld.com www.netsuite.com/events

Follow NetSuite NetSuite Twitter: https://twitter.com/NetSuiteNetSuite Facebook: www.facebook.com/NetSuiteNetSuite LinkedIn: www.linkedin.com/company/NetSuite/ NetSuite Instagram: www.instagram.com/oraclenetsuite

Adopting, Adapting and Customizing: What Retailers Need to Succeed Mar 04, 2019

Show notes

On this episode of "The NetSuite Podcast," Oracle NetSuite Product Industry Marketing Manager, Kelly Scott, breaks down what it takes to succeed in the retail industry today and in the future. She explains the biggest challenges retailers are facing (9:50) and why those challenges are so prevalent right now. She denounces the idea that brick-and-mortar stores are "dying" and even provides some insight into how physical retailers can adapt to the evolving market (11:27). Scott addresses the question about whether Amazon is a friend or foe (13:45) and provides real-life examples of retailers—both new and old—that are seeing huge success (14:55). In fact, Scott says one of the ways those companies succeed is by blending a physical experience in a digital world (23:00), insisting that personalization and customization are key no matter what (27:15). Learn more by tuning into the full podcast episode now!

For More, Follow Us Here: Kelly Scott LinkedIn: https://www.linkedin.com/in/kelly-scott-netsuite/

NetSuite LinkedIn: https://www.linkedin.com/company/netsuite/ Twitter: https://twitter.com/NetSuite Instagram: https://www.instagram.com/oraclenetsuite/ Facebook: https://www.facebook.com/NetSuite/

Venture Capital vs. Private Equity Funding & How to Prepare for It Feb 18, 2019

Show notes

Rahul Puri is Oracle NetSuite's Global Head of Private Equity and Venture Capital Practice. In this episode, he discusses the major differences between VC and PE funding (4:20) and at which point in a company's lifespan it should pursue one or the other (6:55). Puri explains the impact each type of funding typically has on a growing company (10:15), the trends he expects to see within both markets and how that affects competition (14:10). He emphasizes the necessity for a digital operating partner like NetSuite to support both sponsor-backed companies and firms in their growth, noting the importance of low-risk and shorter time-to-value (19:20). Finally, he leaves listeners with one of his biggest bits of advice (32:50), so make sure to listen until the end. Tune in now for all of this and more!

Reach Out Here:

Rahul Puri Rahul Puri LinkedIn: https://www.linkedin.com/in/rpuri/ Rahul Puri's Email: rpuri@netsuite.comNetSuite Private Equity Team: privateequity@netsuite.com

NetSuite NetSuite Twitter: https://twitter.com/NetSuiteNetSuite Facebook: www.facebook.com/NetSuiteNetSuite LinkedIn: www.linkedin.com/company/NetSuite/ NetSuite Instagram: www.instagram.com/oraclenetsuite

Going Public? Hear How OnDeck Met Strict Deadlines Following Its IPO Feb 04, 2019

Show notes

Nick Sinigaglia is the Chief Accounting Officer at OnDeck, a leading online platform for small business loans. In this episode, he discusses the unique business proposition that makes OnDeck so successful (5:00) as well as his tips for obtaining a small business loan and the criteria OnDeck takes into account when it comes to lending (8:28). Sinigaglia also unfolds the history of OnDeck and the challenges the company faced early on, especially in building something brand new (13:55). Sinigaglia also spoke to the challenges he faced in joining OnDeck, just three days before the company went public (26:55). He opens up about the impact NetSuite had before and after the IPO and how it's helped the company meet strict deadlines while still operating more efficiently (34:15). He explained the importance of a cloud-based solution for OnDeck (admitting he thought he was more of an "on-premise guy" beforehand) and its impact on the company's international expansion (43:40). Tune in for all of this and more!

Follow Us Here: Nick Sinigaglia LinkedIn: https://www.linkedin.com/in/nicholas-sinigaglia-46b7465/ OnDeck: https://www.ondeck.com/NetSuite Twitter: https://twitter.com/NetSuiteNetSuite Facebook: www.facebook.com/NetSuiteNetSuite LinkedIn: www.linkedin.com/company/NetSuite/ NetSuite Instagram: https://www.instagram.com/oraclenetsuite/

NetSuite Exec Helps Close the Gender Gap in Silicon Valley and Beyond Jan 18, 2019

Show notes

Oracle NetSuite Sr. Sales Director, Diana Dorobek, joins "The NetSuite Podcast" to discuss her experience as a female leader in Silicon Valley. She opens up about her career path leading up to NetSuite and the challenges she faced as one of the only female leaders in her previous roles (7:10), including creating rules around her own maternity leave (9:48). After taking on an exec role at NetSuite (11:41), Dorobek reveals how she started helping women land more leadership roles (15:25) and how she's seen NetSuite continue to support gender equality (23:25). Finally, Dorobek explains how everyone can take part to help close the gender gap, no matter the industry or area they're in (29:48).

To take part in our Women in Finance event on Feb. 7, click here: https://www.eventbrite.com/e/netsuite-women-in-finance-silicon-valley-tickets-53366991107

Follow Us Here: Diana Dorobek LinkedIn: https://www.linkedin.com/in/dianadorobek/ NetSuite Twitter: https://twitter.com/NetSuiteNetSuite Facebook: www.facebook.com/NetSuiteNetSuite LinkedIn: www.linkedin.com/company/NetSuite/ NetSuite Instagram: https://www.instagram.com/oraclenetsuite/

Compassion in World Farming Replaced Six Accounting Systems for One Suite Jan 07, 2019

Show notes

Nick Dugdale is the head of finance for Compassion in World Farming (CIWF), a nonprofit with a mission to end cruel factory farming practices globally. He explains the challenges CIWF faced in dealing with six different accounting systems (11:47), and why the organization ultimately replaced those systems with NetSuite (15:53). Dugdale also reveals how NetSuite's pro-bono consulting helped improve CIWF's donor management (17:06) and continues to support its international strategies and expansion (20:16). Finally, Dugdale dives into the efficiencies the organization has seen using NetSuite (23:08) and where CIWF is headed in the future because of it (24:44).

For more about NetSuite social impact, click here: www.NetSuite.com/SocialImpact

Follow Us Here: CIWF Twitter: https://twitter.com/ciwfCIWF Instagram: https://www.instagram.com/ciwf/ NetSuite Social Impact Twitter: https://twitter.com/NS_SocialImpact NetSuite Facebook: www.facebook.com/NetSuiteNetSuite LinkedIn: www.linkedin.com/company/NetSuite/ NetSuite Instagram: https://www.instagram.com/oraclenetsuite/

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