NetSuite News & Insights – February Edition

By - February 28, 2019

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Customer Success

Rhythm Pharmaceuticals partners with RSM to implement a new ERP

Rhythm Pharmaceuticals is a Boston-based biopharmaceutical company, focusing on therapies for rare genetic disorders of obesity. Vice president and corporate controller, John Hulburt, and chief financial officer, Hunter Smith, discuss how RSM helped make Rhythm Pharmaceuticals a success with their recent implementation of a new enterprise resource planning (ERP) system. “With extensive experience in the life sciences industry, RSM became Rhythm’s trusted ERP implementation partner, and helped take their business to the next level.” Learn how RSM is helping life sciences organizations run their businesses on NetSuite.

Product updates

NetSuite 2019.1 Release Notes
NetSuite is pleased to announce version 2019.1 of its product family, including NetSuite, NetSuite OneWorld, NetSuite Financials, NetSuite CRM+ and NetSuite Ecommerce.

Standard costing setup in NetSuite
Standard costing helps identify cost-saving opportunities in manufacturing and procurement by allowing users to track cost variances by category.

NetSuite has announced their 2019.1 release dates
Discover an overview of all resources available to you including how to access 2019.1 new feature training videos. For a summary of the new updates and how they may apply to you, see the NetSuite new release 2019.1 summary.

Insights

RSM survey reveals how CFOs are taking charge of digital transformation to stay competitive
The survey reveals that the majority of chief financial officers (66 percent) play a critical role in digital transformation, reflecting increasing technology investments in a digitally oriented world. However, according to the survey, most companies (95 percent) look to the chief information officer as the key executive in charge of digital transformation. With the goal of leveraging technology to keep pace with evolving customer and employee expectations, digital transformation will continue to be a critical initiative.

Meals and entertainment expenses after tax reform
The deduction for meals and entertainment (M&E) expenses has been one of the most broadly applicable opportunities for significant tax savings; however, after tax reform, there are some misconceptions regarding how to apply the rules and what opportunities remain. Now more than ever, employers need to understand their M&E expenses and ensure they are properly categorized and deducted to avoid lost tax savings. Stay tuned to RSM to understand what you can expect from tax reform and the potential impact to your tax planning process and business objectives.

Events
Oracle NetSuite SuiteWorld19!
Oracle NetSuite’s SuiteWorld, the industry’s No. 1 cloud ERP event of the year, is returning to Las Vegas, April 1-4, 2019. Hear how customers are implementing NetSuite solutions to be the best in industry, fuel your mind with new ideas from your peers, and network with experts and partners, including RSM, Oracle NetSuite 2018 Worldwide Solution Provider Partner of the Year, so you and your business can grow smarter, faster. Visit RSM at Booth 528 in the exhibit hall.

RSM Session at SuiteWorld
Planning for growth: Lessons from the field on integration and configuration in high-volume environments
Session Speaker: John Rush and Ron Draganowski
Session ID: DSC1579SOL

NetSuite webcast
Tuesday, March 26 1 p.m. EST | Noon CST
Managing growth and acquisitions with NetSuite OneWorld
NetSuite OneWorld offers the ability to capture worldwide business operations within one system complete with consolidated reporting, subsidiary management and role-based permissions. Join our webcast to learn more about how NetSuite can meet your international requirements and reduce the time to integrate new acquisitions into your NetSuite account.

Recorded webcasts
Running your services business with NetSuite OpenAir PSA
OpenAir PSA gives organizations the ability to run their core business operations, including project management, resource optimization, project accounting, time and expense management, and billing and revenue recognition. Delivering end-to-end automation and visibility, OpenAir PSA enables organizations to gain real-time insights, increase project profitability, maximize billable resource utilization, and make informed, data-driven decisions.

NetSuite webcast: Budgeting and forecasting with NetSuite
Organizations are on a constant mission to develop more effective budgeting, planning, forecasting and reporting capabilities for their businesses. Join our upcoming webcast as we discuss the challenges of financial planning, process evolution and the efficiencies gained from a solution like NetSuite’s Planning and Budgeting Cloud Service (PBCS).

Take our short poll
Embracing digital to optimize operations, are you keeping up with the competition?
From enhancing inventory operations to implementing new ways to measure productivity, leveraging technology can help you drive innovation, reduce costs and ultimately, do more with less. Learn how technology can improve your operational efficiency.

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