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Business Intelligence 101
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Business Intelligence 101 is the leading cloud service provider for Bay Area Software Companies.
Business Intelligence 101 is the leading cloud service provider for Bay Area Software Companies.

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NetSuite Services Resource Planning (SRP) is a cloud platform that aims to marry a company’s enterprise resource planning (ERP) and professional services automation for ease of use and efficiency. By combining the two into a single product, professional services companies can have greater visibility into how aligning the right people for the right job can have meaningful impacts on their bottom line.

How can SRP help professional services companies get a better handle on their operations?

http://www.bi101.com/blog/netsuite/netsuite-services-resource-planning/

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Improving Office 365 security should be a top priority for businesses using the cloud collaboration platform.

Fortunately, Microsoft has just announced new systems that can improve Office 365 security through the use of sensible governance requirements and some new machine learning features announced by Microsoft.

http://www.bi101.com/blog/microsoft-office-365/improving-office-365-security-threat-intelligence/

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Today, Google rolls out Google Cloud Search, which used to be known as Springboard, to its G Suite Business and G Suite Enterprise editions customers. This solution brings machine learning-enabled search to everyday actions, and could enable new efficiencies or innovations for companies that already benefit from collaborative tools in G Suite. Some might be wondering how to use Google Cloud Search in business environments.

http://www.bi101.com/blog/google/how-to-use-google-cloud-search-with-g-suite/

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The current GAAP standards for cloud and SaaS software companies, SOP 97-2 and ASC 985, will soon be obsoleted in favor of ASC 606, which is the new gold standard for revenue recognition. ASC 606 does simplify and streamline a number of revenue recognition complexities, but it also introduces a few more judgments calls, which cloud and SaaS software companies will have to get used to.

What do you need to know to handle revenue recognition in 2017 and beyond?

http://www.bi101.com/blog/revenue-recognition/software-companies-asc-606/

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You might hear us talking about managed service providers (MSP) a lot—we are one, after all. But maybe you don't know the ins and outs quite yet, especially against old IT models. Why go MSP?

http://www.bi101.com/blog/managed-service-provider/managed-service-provider/

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As large-scale consultancies, professional services companies operate by a very old and very important adage: time is money. Because they’re charging for their time, and because their customer demands solid results with as little and as controllable a cost as possible, the company needs to figure out how to deliver the best, most efficient service possible, while also keeping a handle on their internal workings.
Without enterprise resource planning (ERP) software, that’s an impossible prospect.

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ASC 606, Revenue From Contracts With Customers, changes the way that software and professional services companies, among others, need to record and recognize revenue from their various contracts. It’s one of the big new changes that we’re keeping tabs on closely this year, and we recommend that anyone in software or professional service do the same.

What does ASC 606 mean? Essentially, it breaks down the contract creation process into five steps.

http://www.bi101.com/blog/revenue-recognition/asc-606-key-points-new-five-step-method/

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We’ve seen it again and again: cloud collaboration for software companies can accelerate their success in surprising ways. And because software companies a number of unique characteristics, some of the benefits of cloud collaboration aren’t immediately visible they way they might be for other types of businesses.

Here's our top four reasons why software companies need to consider the cloud.

http://www.bi101.com/blog/messaging-collaboration/4-reasons-cloud-collaboration-software-companies-must/

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Over the next few months, we're going to be breaking down all the complexities behind new revenue recognition rules.

But before we talk more about ASC 606, it’s important to take a step back and remember how, and why, revenue recognition became a hot topic in the first place.

One word: Enron.

http://www.bi101.com/blog/revenue-recognition/revenue-recognition-mean-2017/

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Anyone who knows Bi101 knows that we’re evangelists for NetSuite, our partner for helping software and professional services companies take control of their finances and negotiate regulatory issues like revenue recognition. There’s no question that we’re big fans, but it’s always nice to see when others see the light.

http://www.bi101.com/blog/netsuite/survey-netsuite-leader/
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