CFO Insights

A Summary of NetSuite for Growing Companies

Jan 14, 2019 8:40:22 AM / by Leo Dencik posted in Financial Systems

NetSuite’s ERP solution has grown rapidly in popularity across middle to large-size corporations since it was founded 20 years ago by the then-Chairman and CTO of Oracle. It is widely viewed as the first cloud software ERP, and as opposed to many cloud solutions today, NetSuite has always been offered on a SaaS-basis. Today, NetSuite counts over 15,000 customers globally across multiple industries from retail and manufacturing, through advertising and media, to technology and professional services.

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8020 Sponsors 2 So. Cal Veteran Families for the Holidays

Dec 19, 2018 10:31:00 AM / by Kelly Patchett posted in 8020 Consulting in the News

In the spirit of the holidays, the 8020 Consulting team came together for the third season to sponsor post-9/11 wounded and disabled veterans and their families through Soldier’s Angels. As a group, the company supported 2 families and 8 children with gifts of their choosing, including toys and clothing as well as gift certificates totaling nearly $500.00 for use in purchasing a nice holiday meal.

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8020 Consulting Participates in 3rd Annual Volunteer Event at the LA Food Bank

Nov 19, 2018 10:02:00 AM / by Kelly Patchett posted in 8020 Consulting in the News

On November 10th, our team volunteered once again in the spirit of the Thanksgiving season, to help those in need in the LA community. We greatly admire the work done by LA Food Bank to support the 1 in 7 hungry Angelinos and would encourage you and your team to do the same. 

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8020 Consulting Congratulates MarVista Entertainment on 15 Years

Oct 15, 2018 1:03:04 PM / by Kelly Patchett posted in 8020 Consulting in the News

8020 Consulting celebrates MarVista Entertainment on 15 years of business success—as featured in the October 10, 2018, edition of The Hollywood Reporter. We would like to congratulate Fernando, Tony, Darrell, and the entire awesome team at MarVista, and we look forward to many more years of successful partnership.

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New Leasing Standard Implementation: Creating an ASC 842 Project Plan

Oct 11, 2018 8:41:00 AM / by Susan Weikel posted in Financial Reporting & Accounting

The accounting community has been discussing the new leasing standard (ASC 842) since February of 2016. If your company hasn’t already developed an implementation plan, then now is the time. The new standard takes effect for public companies with annual periods beginning after Dec. 15, 2018 and for all other entities for annual periods beginning after Dec. 15, 2019. 

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Why Building FP&A Infrastructure is Critical for Growing Organizations

Oct 2, 2018 8:55:53 AM / by Kristen Jue posted in Financial Planning & Analysis

A well-structured Financial Planning & Analysis (FP&A) team can facilitate the direction of a company, leveraging organizational strategy to guide departmental objectives. Think of FP&A as the financial nucleus of an organization: it keeps the movement and momentum of the organization synchronized—both financially and operationally.

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Transfer Pricing Methods & Other Insights for Multi-Company Operations

Sep 11, 2018 10:11:00 AM / by Susan Weikel posted in Business Advisory, Financial Planning & Analysis

As businesses grow and business leaders look for new opportunities and markets for their product, the idea of expanding into foreign geographies becomes attractive and strategically appropriate. However, favorable market conditions can lead executives to move forward before fully considering the business arrangements between the U.S. entity and the newly formed foreign entity.

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How FP&A Can Help You Get the Most Out of Your Sales Budget

Sep 5, 2018 9:16:00 AM / by Justin Thompson posted in Financial Planning & Analysis

Getting sales and finance to work together cohesively can be a challenge. Often, these two departments see each other as an impediment to reaching their respective goals.

Because finance is tasked with ensuring the company meets its bottom line goals, it can come into conflict with the sales task of driving revenue and its tendency to spend aggressively to accomplish its goals. By focusing on three best practices, sales and finance departments can bridge gaps and work in an effective partnership for the greater success of the overall organization.

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A Look at the Trump Tariffs and Their Financial Impact on International Supply Chains

Aug 9, 2018 9:03:00 AM / by June Perlovich posted in Business Advisory, Financial Reporting & Accounting

Since the Trump tariffs started early this year, companies with global supply chains have been working to understand and manage the real-world impact.

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Concur & Expense Management Systems: From the Implementation Trenches

Jul 26, 2018 8:41:00 AM / by Ellen Vayner posted in Financial Systems

At 8020 Consulting, we’ve worked with a variety of companies that want more visibility and greater control of their expenses. Those companies might start with obvious questions:

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