Although inventory plays a different role than in other industries, it is no less significant to running your service business. The quality of your services and the satisfaction of your customers depend on the materials your business uses to get the job done. That is why properly managing your inventory is imperative.
If you’re in the service business industry, having real-time visibility and transparency in your finances is critical. As your business moves to the cloud, you may be wondering how you could streamline your billing process to make the experience seamless for your customers. With the move to a subscription economy, businesses need a way to generate invoices that accurately reflect pricing and consumption over a defined period.
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With the globalization of business, you’ll want a source of dependable revenue management to avoid economic mishaps in your service organization. Raise your hand if you use multiple spreadsheets to track financial data. You’re not alone. In this day and age, revenue management can no longer live in spreadsheets.
Business owners continue to learn the importance of going on the offensive to fend off cyber attacks. Unfortunately, many learn the hard away — after they’ve experienced a costly attack. With a slew of cyber security products hitting the market over the last few years, it’s hard to know which ones to select for your business. I’m here to fill you in on one of my favorite security tools.
Another malicious cyber attack was reported just before the July 4 holiday weekend. This one hit close to home here at Gross Mendelsohn. Before I go into the details, rest assured that we were not affected. This massive ransomware attack is one of many recent incidents that provides further proof that every business needs to take cyber security seriously, and put measures into place to prevent a disastrous attack.
Looking to enhance project management for your service business? Good project management helps you improve oversight of your operations and maintain tighter control of project accounting. It provides key insights and helps you understand the true costs of the services you render and get an accurate and detailed view of profitability. Sound good? NetSuite Project Management is a tool that’ll help you do those things. Let’s look at what it offers to service businesses.