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NetSuite's 'Money Story' Challenge

Report: The CFO’s “Money Story” Challenge- Avoiding the 7 Deadly Stiflers

Learn how CFOs can make better decisions by removing the 7 limitations to fully assessing a firm’s financial viability
Can you tell your organization’s “money story”- the deep dive on how your company generates profit and maximizes cash flow? A lack of instant visibility for CEOs and CFOs into critical business data can cost market share and inhibit growth.

Download this new white paper to find out about the 7 key impediments that limit strategic visibility and how to remove these obstacles to make informed, insightful and assertive decisions that drive profitable business growth.

Authored by renowned business journalist Russ Banham, this informative white paper will help you:
  • Discover 7 key inhibitors to company growth and how to address them.
  • Understand how to remove obstacles to enterprise-wide visibility that impact decision-making.
  • Improve your company’s money story—how it generates revenue and profits, maximizes cash flow and steers clear of trouble.
Download Now 

This report is provided courtesy of NetSuite, the world’s #1 cloud ERP provider. NetSuite serves over 20,000 organizations and has been recognized by Gartner as the world’s fastest-growing Top 15 financial management software vendor five years in a row. 

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Is SaaS ERP Right for you

As SaaS ERP adoption accelerates, business and IT leaders like you are reassessing existing ERP implementations that may be a decade old, inflexible to changing business needs and expensive to maintain. One key question- do you continue to invest solely in on-premise ERP, or should you adopt cloud ERP to replace or complement your current software?

Download this Forrester report to explore the many business scenarios in which SaaS ERP makes sense for organizations like yours. With traditional ERP vendors jumping on the SaaS bandwagon and claiming SaaS capabilities, the informative report can help you distinguish between true cloud ERP solutions and the pretenders.

This Forrester report will help you understand:
  • Key factors driving SaaS ERP adoption.
  • Various scenarios for SaaS ERP deployment.
  • Evaluation criteria for vendor capabilities.
  • An overview of the vendor landscape.
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This report is provided courtesy of NetSuite, the #1 cloud ERP provider. NetSuite serves over 20,000 organizations worldwide and Gartner research calculations show NetSuite as the fastest growing top 10 financial management system, globally.* 

*Gartner, “Market Share: All Software Markets, Worldwide, 2013,” March 28, 2014.

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Overcome the Strategic Finance Gap with NetSuite


NetSuite Financials

Research Study: Equipping Your Finance Team for a More Strategic Role

Learn how finance innovators are freeing time to focus on strategic business issues in this new survey-based Loudhouse research study

Finance professionals are expected to play a more strategic role in their organizations—yet 68% of them are too consumed by tactical day-to-day tasks to tackle strategic initiatives that improve business performance, according to international research firm Loudhouse. 

Download this new Loudhouse study, The Strategic Finance Gap, for a look at challenges facing finance teams and how innovators are creating the flexibility they need to fulfill strategic responsibilities. Based on a survey of 334 finance professionals, the Loudhouse study examines:

  • Freeing up capacity from routine tasks to focus on the bigger picture
  • The innovation gap brought on by being bogged down in administrative work
  • Finance as an "idea engine" equipped to drive strategy and make data-driven decisions

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This report is provided courtesy of NetSuite, the world’s #1 cloud ERP provider. NetSuite serves over 20,000+ organizations and has been recognized by Gartner as the world’s fastest-growing Top 10 business management software vendor four years in a row.

Paschal Phelan engages Covali for Data Analytics project


Paschal Phelan - CEO of the Phelan Energy Group has today announced the appointment of Covali - an independent Irish software analytics group - to provide business and data analytics for its solar projects in South Africa and around the world.

Phelan Energy Solar Panel performance

The Phelan Energy Group is currently delivering the Solar Capital De Aar Northern Cape project which will generate enough electricity to power approximately 35 000 South African homes every year, with the intention of delivering the first 75MW of solar energy generated electricity into Eskom’s power grid. The company’s 94.5MW first phase project is the largest solar farm in South Africa and with the completion of the second phase in 2016, totaling a combined 200MW, will make this the largest in the Southern Hemisphere.

''The volume of data generated by this project is phenomenal and the ability to respond to identify and react to underlying trends in this data is key to driving operational efficiencies'', said Paschal Phelan - CEO of the Phelan Energy Group, ''and we are pleased to appoint Covali for this important project. The application of analytic technologies will also be considered in areas such as asset management, outage restoration, and theft and consumer segmentation.

Covali is a well known provider of Data Analytics and Business Intelligence solutions to a wide variety of industry types particularly in large data volume sectors such as Insurance and Health and it is now applying this experience to the solar industry.

Covali will deliver project analytics and risk intelligence through the deployment of an analytics platform for all performing solar assets with the Group. This will  provide essential foundation for research efficiency and investment due diligence.

''The shift toward analytics is part of a broader trend around the use of digital technologies (including mobility, cloud, social media) which has potential to drive differentiated capabilities and significant O&M reductions'' said Noel Shannon, managing Director of the Covali Group. 

Our information services provide data gap solutions and eliminate the time-consuming learning curve required to assess solar project risk. 

Covali provides project analysis and produces data models that can help with equity at risk questions with actual vs. expected energy performance analysis. We can determine if a new system is likely to underperform or outperform expectations, allowing either more aggressive bidding on a project or mitigating portfolio performance risk. Topics covered include

PV System Performance

  • Energy yields, system reliability 
  • Relative performance: Comparative portfolio performance relative to industry
  • Panel performance comparative analysis
  • Inverter performance comparative analysis
  • Custom project/portfolio asset analysis

Predictive Analytics

Covali offers a custom data modeling platform for institutional investors and industry participants seeking system-specific or portfolio-specific performance analysis, and also provides comprehensive collateral risk analysis on current and future solar deals under offer.

Risk Analysis

  • Cash Flow Assumptions - Value-At-Risk calculation
  • Credit Underwriting analysis
  • Panel Performance Risk - Panel quality
  • Inverter Performance Risk - Inverter reliability


About the Solar Capital De Aar Northern Cape project 

Apart from its acquisition of the 2,300 hectare farm on the outskirts of De Aar, Solar Capital has purchased a 2 000 sqm factory on a 4 hectare industrial site in the center of the town as well as having purchased,  acquired and upgraded the local 45 bedroom Hotel De Aar. These acquisitions have been made to ensure that job creation and social development take place and that Solar Capital enriches the community of De Aar

About the Covali Group

Covali is an independent Business ntelligence and Data Analytics company specialising in the provision of custom built dashboards and database solutions for analysing data and delivering the results through an intuitive and easy to use visual interface. Recent projects have included delivering patient analysis for the NHS and risk analysis in the Insurance market.


Is Sage Holding your Business Back? Move to NetSuite.


Is Sage holding your business back?

Download the Sage Switch Guide to quickly identify whether Sage may be slowing you down, and the benefits of moving to the cloud.  

Is your business suffering from these ailments?

•  Entering the same data in multiple business systems?
Spreadsheets multiplying like rabbits?
Not getting management reports fast enough?

It isn’t supposed to be like this. This simple guide shares real stories from Sage Switchers. They’ve felt the pains, and switched to the world's leading integrated cloud-based solution—NetSuite. Relief was quick:

•  eMarket streamlined business processes by 20%
2Pure UK increased turnover by 30% year-on-year
i-nexus grew its revenue by 800%
Rococo Chocolates increased sales by 25%

If you have outgrown Sage, and are seeking a better way of managing your business, download our Sage Switch Guide and find out why 500+ other businesses have already joined Cloud NetSuite from Sage. You’ll love it! 

Download Now 

Download the Sage Switch Guide now 

168-quickbook-webinar-header NetSuite has been recognised by Gartner as the world's fastest-growing top 10 financial management systems vendor and beats Sage, Microsoft and SAP to win Best ERP at Software Satisfaction Awards 2013.

Get the QlikView Finance Toolkit


Your Data. You're in Charge.

Empowering Finance with Deeper Insight

Nobody knows what you need better than you do. That's why QlikView lets you combine the data sources you want, ask your own questions, and get answers instantly.

Our Empowering Finance with Self-Service BI e-book explains how you can:

  • Be creative in uncovering new business and revenue opportunities
  • Gain deeper visibility into forecasts and budgets
  • Manage compliance and risk with consistency and confidence
  • Share insights clearly with shareholders and stakeholders

The Empowering Finance with Self-Service BI e-book is part of QlikView's Finance Toolkit. Download the e-book now and you’ll also get access to the Expense Management demo app and video.

Access your Finance Toolkit now.

QlikView simplifies the way people use data by making it a natural part of how they make decisions. QlikView is positioned as a Leader in the Gartner Magic Quadrant for Business Intelligence and Analytics Platforms 

Covali is a specialist QlikView Partner delivering Business Intelligence, Data Analytics and ERP solutions to businesses in the UK and Ireland.

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The Competitive Advantage of The Cloud with Covali


According to Gartner, 80% of organizations intend to use Cloud Computing services within the next 12 months. Chances are many of your competitors have already made the transition to the Cloud.

Learn more from Covali about how the Cloud can integrate your business operations and accelerate performance.

Download this White Paper on 'Creating a Cloud Roadmap for your Enterprise'  to find out how the Cloud can help you to:

  • Streamline business operations

  • Gain competitive advantage 
  • Achieve greater agility and collaboration

  • Reduce IT costs and maintenance 

  • Increase BI and Data driven decisions 

Read this White Paper to find out out how the Cloud can allow you to get the inside track on competitors.

Download White Paper!

NetSuite -The Employee Who Never Leaves



NetSuite - The Employee Who Never Leaves

Traditional financial accounting tends to work on the principle of individuals performing accurate data entry on systems such as Sage and SAP, or on excel spreadsheets. The reality is that data entry is very easy to get wrong. A study by Marketwatch found that 83% of all spreadsheets have errors.

NetSuite provides a real-time dashboard which integrates all business application software including ERP, CRM, ecommerce and HR in one single system. It enables improved business intelligence as employees spend less time entering data, and more time evaluating results to gain insights.

NetSuite is business management software that is much more collaborative in nature than because it allows sharing of information across departments. Just dealing with the day to day gathering and management of accounting data eats up considerable time and resources within companies. NetSuite is a more powerful ERP business management software solution as it provides a clear, accurate view into finance, sales and service performance at a glance.


Future BI


NetSuite can be very useful when dealing with financial management. There tends to be an acknowledged resident expert in companies, who can sort out the problems that arise with errors in accounting software. If this employee leaves the company, things tend to get a bit chaotic for a while. It’s often because that person was the only one who had a complete handle of their particular area; the one that the other employees went to when they had a question. NetSuite makes this scenario a lot easier to deal with.

Streamlining of Data Allows More Transparency

The streamlining of data allows much more transparency in relation to business information.  The fact that NetSuite is cloud-based business management software means the data can be accessed throughout the organisation, so employees have a single view of the latest information. This built-in business intelligence in NetSuite ensures more targeted marketing and sales.

Using NetSuite will not mean an end to human accounting errors, but it does make it more likely that information can be amended and improved. We are moving away from a fragmented approach to ERP/CRM business management software where numerous separate systems are used, leading to the information being scattered throughout various departments in the organisation. The future of business management software means that all employees have the potential to be the expert, as information and knowledge is shared.

Using NetSuite, companies enable cross-department collaboration, while streamlining business processes and gaining invaluable insights.


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Covali builds a NetSuite and GoodData business for EMEA


When we developed the growth strategy for Covali in 2011 we decided that we wanted to concentrate primarily on high growth areas of technology - so Business Intelligence, Analytics,Big Data and Cloud computing were topics that were very much at the heart of the our discussions on the things we wanted to do.

Covali CloudOur experience with Business Intelligence stretched back to the mid '80's when the technology was known originally as Decision Support Systems (DSS), then Executive Information Systems (EIS) and latterly as 'Analytics' - with names like EPS, Pilot, LightShip and Cognos among the systems we had worked with - so naturally we looked to see where this technology would go in the future. Our more recent past was with QlikView so that was one platform that was an obvious choice for us.

With regard to Business Software, our experience was primarily with Oracle and Microsoft Dynamics NAV, where we had implemented both in many organisations of different size and complexity.

Three years later and I thought I might share some observations on where we are at!

The original business, based on the QlikView Business Intelligence platform, which we brought with us from ProStrategy at the outset has continued to grow and prosper - and still constitutes more than 50% of our business today. We have more than doubled our customer base and we have added significant new cutomers in different industries in the UK and Ireland. We have extended our reach from Retail, Wholesale & Distribution into the Health Sector, both public and private and we have built 'Ready-to-go' applications for many common business intelligence and analytic functions.

We decided that Covali would be a 'Cloud' company from the beginning - so we have no Server, no network controllers, no on-site database or application software of any kind - with the exception of personal copies of Powerpoint, Word and Excel - and all our business functions would run software as a service (SAAS) packages. We chose Google for email, Hubspot for our website and inbound marketing, Box for our file storage, Zoho for CRM and AccountsIQ as our Financial system. Every system has worked as promised with no downtime, no server issues, no capital outlay, no upgrades and no hassle!

As a software company with customers in the 'Enterprise' category we sought out new technoogies that we believed would have a future in the 'cloud' - that we could adopt through partnerships and add value to our markets. After considerable research we decided on GoodData for Cloud Analytics and NetSuite for Cloud based ERP solutions for the following reasons:-


This is a silicon valley company founded by Roman Stanek that is growing dramatically - and yet to make a big impact in Europe. 

GoodData is the only cloud-based business intelligence platform that enables more than 130,000 global users and 30,000 companies to store, combine, analyze and visualize information. GoodData offers both pre-built applications for Sales, Marketing, Services, and Social, as well as customer-specific implementations to deliver rapid time to value and self-service agility. The GoodData Open Analytics Platform supports both IT’s need for data governance, security and oversight and business users’ desires for self-service data discovery.

All our QlikView Applications transferred with ease to the GoodData platforma and we were also very impressed with the look and feel of this data visualisation platform - it also represents amazing value when we want to store large volumes and make the data available to lots of users.


NetSuite is a leading vendor of cloud computing business management software suites.

NetSuite enables companies of all sizes to manage all key business operations in a single, integrated system, which includes customer relationship management; order management and fulfillment; inventory management; finance; ecommerce and Web site management; and employee productivity. NetSuite is delivered as an on-demand service, so there is no hardware to procure, no large, up-front license fee, and no complex set-ups. Finally, NetSuite’s patent-pending “real-time dashboard” technology provides an easy-to-use view into role-specific business information that is always up-to-date.

As NetSuite is the #1 cloud based ERP vendor, they were an obvious choice for us at Covali. In less than one year we have won many new cutomers with this software suite and because it is cloud based we can implement anywhere in EMEA.

NetSuite is growing at a phenomenal rate and we expect to build a European wide Professional Services company in partnership with them - follow our blog for more updates on this.


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Move your business to the Cloud with Covali


I'm sure that many of you will accept that the cloud offers significant benefits to organisations, and that if you were to start a new business today then the last thing you would do is invest in a range of new software licences and the associated hardware operating systems and database software required to run these applications and then employ IT resources to run all these apps. and keep them maintained, supported and up to date. No, you would take advantage of the offerings that are available today to run your business without the need for any investment in infrastructure, licences or personnel - in other words, cloud applications.  

Covali cloud

''Your Business is always on''

  • Cut IT Costs
  • No more outages
  • First class security
  • Scale up, scale down
  • Safe, offsite backups
  • Only pay for what you use
And if that is true for startups, is it not also true for existing companies that have been growing successfully for many years? Can you move your business over to the cloud, and take advantage of all these factors?

Well obviously I'm going to tell you Yes, it is possible - but more importantly, I'm going to tell you why more and more businesses are going down this road - and I'm going to tell you how Covali can help you get there.

  1. Problems with existing IT setup
    Average downtime with existing systms is 4 times longer than with cloud systems.
    Implementation and upgrade costs are higher with traditional systems
  2. Want the benefits of cloud computing
    The 2011 Cloud Computing survey interviewed 500 IT Professionals to ask them the main benefits of cloud computing - the results were
    61% said Scalability
    54% said Cost Saving
    53% said Easier Management  
  3. Looking to the future
    By 2014 the Cloud Computing industry will increase from $40bn to $240bn, it will have created 14 million jobs and replaced 14% of all IT expenditure. 

We can help by not only moving your key Financial functions to the cloud, but also if you are engaged or thinking about eCommerce then you can add a web portal so that you can promote your goods or services. We can also provide you with a CRM system in the cloud which is fully integrated with the Financial applications. But most importantly - all these applications work of one database which means that when a customer buys something on the website then it is automatically taken from your inventory and properly accounted for in your Financial section.

Our core software solution is NetSuite - the world's number 1 cloud based Business Management software. 

NetSuite is the world's leading provider of cloud-based business management software. NetSuite helps companies manage core business processes with a single, fully integrated system covering ERP/financials, CRM, Ecommerce, inventory and more. 

More than 16,000 high-growth and midsized companies and divisions of large enterprises use NetSuite to run more effectively without the high costs and inefficiency of on-premise systems. By using NetSuite to automate operations, streamline processes and access real-time business information anytime, anywhere, growing businesses realize breakthrough performance improvements. 

As evidence of this global shift to the cloud - in recent days NetSuite have signed two worldwide deals, the first is with Dell, under which NetSuite will be promoted and sold to Dell customers as the solution for their ERP requirements. 

NetSuite and Dell had already partnered around Dell’s Boomi cloud integration technology, and signed off on the expanded agreement a couple of weeks ago, NetSuite CEO Zach Nelson said in an interview prior to Tuesday’s announcement.

The deal has benefits for both companies. NetSuite will gain from Dell’s vast global sales and service organizations, as well as the latter’s specialization in industries such as health care and financial services.

In turn, NetSuite will give Dell an increasingly popular cloud ERP system to sell as it looks to put more enterprise software in its mix of offerings after going private.

While software reseller deals are commonplace in the industry, the arrangement between NetSuite and Dell will operate much like Microsoft’s strategy for its Dynamics ERP product lines.

Like Dynamics partners, Dell will serve as the primary contact for the customer, not NetSuite, even handling billing. Customers will still have access to NetSuite’s support portal and materials, but their general interactions will be with Dell, Nelson said. “At the end of the day, Dell will own those relationships.”

The second is with Deloittes: NetSuite and Deloitte have formed an alliance to provide implementation, finance transformation, change management and a full breadth of consulting services to the market.

"NetSuite's demonstrated/time-tested, customizable solution gives us the platform to answer the growing demand for cloud ERP which we have seen from businesses of all sizes," said Paul Clemmons, principal, Deloitte Consulting LLP and Deloitte's Emerging Technologies Lead. "With Deloitte's change management, industry experience and integration services, our joint customers can rapidly realize the power of the cloud."

NetSuite helps organizations manage core business processes with a single, fully integrated system that covers areas including covering ERP/financials, CRM, ecommerce and inventory. Deloitte brings a deep repertoire of skills and resources in security and privacy, as well as industry processes and insights from both a national and global perspective.


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