Office of the CFO


Follow Financial & Industry Insights

As a Chief Financial Officer you are ultimately responsible for every financial decision that is made within the company. In order to make these important decisions, it’s critical to understand what’s going on within your organization, but also to stay current on the latest outside of your organization. The Office of the CFO portion of NetSuite’s Research & Benchmarking provides relevant insights in one easy to access place.

Metrics that Matters

Time to Close Books

This metric indicates how long it takes you and your team to produce a Profit & Loss Statement, Balance Sheet and other analysis at the end of each accounting period. A timely period close is essential to analyzing information and making necessary adjustments as quickly as possible. If it’s taking your team a long time to close the books, this can also indicate inefficient use resources in your finance and accounting departments.

# of AR FTEs Per $100M in Revenue

This metric calculates how many FTE (Full Time Equivalent) resources managing the accounts receivable process are required for each $100M in revenue earned. The fewer resources required to collect payment from customers, the more efficient your receivable department is. Keep in mind balancing your Days Sales Outstanding metric with this metric to ensure you are dedicating the right amount of resources in order to maintain a reasonable customer payment turnaround.

Finance Cost as a % of Revenue

As more companies look to information systems to increase efficiency, the cost of running finance organizations is decreasing. The highest tier companies spend .4% or less of their total revenue on performing finance activities. This indicates more efficient finance processes, optimization of ERP systems and minimization of manual data processing resulting in more efficient use of resources.

Industry Insights

CFO/Indutry Article 1

CFO/Indutry Article 1
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CFO/Indutry Article 2

CFO/Indutry Article 2
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CFO/Indutry Article 3

CFO/Indutry Article 3
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