Ready, Set, Go: Competing in the Global Wholesale Distribution Race

Wholesale distribution companies staying competitive.

The demise of wholesale distribution has been greatly exaggerated. While there are undoubtedly disruptive forces impacting the industry – the volatility of customer demands, poor visibility into the supply chain and the inability to meet demanding delivery times – visionary wholesale distributors are seizing new opportunities to get ahead in this shifting landscape.

Some are responding to heightened consumer expectations with far greater agility and accuracy than ever before. Others are shedding outdated legacy systems to automate, standardise, and add efficiency and transparency previously unseen in the industry.

It is these distributors who are elevating technology as a path to business growth. They are freeing the organisation to increase productivity, embrace change and drive innovation. These are the new industry leaders.

It is these distributors who are elevating technology as a path to business growth. They are freeing the organisation to increase productivity, embrace change and drive innovation. These are the new industry leaders.

Read ‘Ready, set, go: competing in the wholesale distribution race’ to find real life case studies of wholesale distribution companies staying competitive in an Omnichannel marketplace.

 

How your Not for Profit’s back office can change the world

Every donor today wants to be told that 100 percent of their donation is being used directly for their desired cause – that more children are being fed, or that more diseases are being cured. Rarely are constituents interested in hearing that their dollars have been put toward an organisation’s infrastructure. In fact, constituents are less likely to give when this is the case, and are increasingly expecting not for profits to operate with almost zero overhead.

Yet in reality, an organisation’s back office infrastructure is mission critical. Without well-funded initiatives, fairly compensated employees and reliable technology to handle core operations, the reach of an organisation decreases considerably. In order to appease donors who are expecting their dollars to be spent on the cause, not for profit leadership is often forced to go without this essential framework, or report artificially low overhead figures.

Herein lies the challenge that every not for profit leader knows all too well: the starvation cycle – a vicious cycle where donors are told that 100 percent of their contributions go to serve the mission, creating additional pressures and forcing not for profits to operate with old infrastructure to fill unrealistic expectations. Given the impracticality of the scenario, there is misleading reporting in return.

Avoid the starvation cycle

The starvation cycle is particularly applicable when it comes to an organisation’s back-office software. Today, many not for profits are constrained by software solutions that were built for a different time – where computing capability was meant to be limited, and the accounting system of record was all that mattered. The relatively low cost of maintaining those systems conforms to the pressures of low overhead, but masks the cost of inefficiencies in routine tasks. Examples include the monthly close or, more importantly, the dissemination of reliable information upon which decisions can be confidently made in a fast paced environment.

In order to turn this vicious cycle into a virtuous cycle, not for profits will undoubtedly have to change how they operate. To make the transition smoother, NetSuite helps not for profit leadership access the technology, strategic vision and partnerships they need to be successful.
Find out more and download NetSuite’s eBook ‘How your non profits back office can change the world’.

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Bringing finance and fundraising together

Stop juggling multiple systems. Forget re-keying information. Quit manually importing and exporting data. And say goodbye to toggling between systems just trying to figure out what’s going on. 

NetSuite is the powerful not for profit financial management system built to embed efficiencies into your organisation while uniting fragmented data and automating processes.  

With NetSuite you can ensure full accountability and stewardship of funds and gain complete control and visibility over total spend. The solution enables back-office operations with a single, flexible, powerful business application integrating accounting, fundraising, constituent relationship management (CRM), customer service, financials, enterprise resource planning (ERP), inventory management, eCommerce, and more.  

In this eBook you can explore NetSuite’s innovative fund accounting framework that delivers The Holy Grail – a solution to manage diverse revenue streams (pledges, pledge payments, event tickets, service fees, product sales, grants, in-kind gifts and memberships), correlate revenue sources to expense transactions, and accurately manage fund restrictions and grant requirements. 

Download to: 

  • Define the differences in fundraising and finance software
  • Recognise the importance of the not for profit transaction 
  • Identify the building blocks of a successful integration 
  • Evaluate if you need an “all in one” or an “as if one” solution 
  • Understand the power of NetSuite 
  • Not for profit SuiteSuccess to bridge fundraising and finance 

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