Background Many of our customers are located in countries where VAT can be calculated either based on cash accounting or based on accrual accounting depending on local regulations, especially in France. With the cash accounting method, VAT is calculated when…
NetSuite is one of only three ERP systems to make it to Gartner's Magic Quadrant top tiersource: Gartner (June 2020) In the beginning of June, we published an article on NetSuite’s leading position in SaaS and Cloud-Enabled Midmarket Finance and…
ICT industry's premier vendor assessment tool ICT MarketScape recently published a report assessing the market for SaaS and Cloud-Enabled Midmarket Finance and Accounting Applications, and a clear leader stands out: NetSuite. The report, which assesses each services provider’s ability to…
Background We were recently tasked with building a report based not only on the GL account but also on the department of the transactions booked on it. More precisely our client wanted to be able to generate an Income Statement…
Novutech est reconnu comme prestataire officiel de la Région Wallonne dans le cadre des Chèques Entreprises, et plus précisément dans toutes les matières qui traitent du numérique. Grâce à cela et via son organisme Digital Wallonia, la Région octroie des…
Background When it comes to Accounts Receivable management, many of our clients show interest in a dunning process to track their overdue balances and send collection letters to their customers. Indeed, dunning is typically a tedious, yet essential, part of…
Background One of our customers recently asked us to streamline their vendor payment process. As part of the vendor payment process, they wanted to have the possibility to justify any payment sent to a supplier by providing an overview of…
Background One of our customers recently asked us to streamline their vendor payment process. Active in the SaaS industry and relying on a network of partners to implement their platforms on their behalf, they wanted to make sure any partner…
Approval flows are an integral part of many business processes and most companies require very specific approval routes based on complex rules. Facing the heavy process of customizing these approval flows on a regular basis within complex workflows in NetSuite,…