Finding worthwhile redemptions for your rewards


There’s no question that it’s gotten more difficult to find great deals when it comes to booking award flights. Business owners can build up an ample supply of points and miles pretty quickly, but it’s only worth the effort if you can redeem them for a worthwhile trip.

And while it’s all too common to find prices as high as 500,000 miles one-way for a business-class ticket, recent experience shows that deals are still out there.

9 business-class awards on the same flight?

One of my closest friends in the business world, Bill, went from making some of the worst mileage redemptions I’d ever seen to becoming an award-booking savant.

He had been talking about a multigenerational family ski trip to Europe. I figured he was using miles to help save money — but I had no idea of the scope. That was until he texted me a picture of himself and eight family members, dressed in matching pajamas, taking over the bar on an Emirates flight from New York to Milan.

This Emirates “fifth-freedom” route has long been a great way to get to Europe in luxurious fashion. Bill took it to the next level by booking nine seats in business class on the same flight. While not all were at rock-bottom rates, he booked most at 108,000 Emirates Skywards miles (transferred from Capital One) and about $400 in taxes per round-trip ticket.

I honestly can’t recall a time when I’ve heard of someone booking that many business-class seats on the same flight. Let’s say he averaged 125,000 miles per round-trip ticket — that’s 1,125,000 miles total.

If he redeemed those miles as statement credits, that would be about $11,125 in value. But even if we value those tickets at a conservative $3,000 apiece, he got about $27,000 in flights.

Even if you’d never pay that much for a flight, it’s hard to argue with the value Bill got on this trip.

Want to know more? Check out our review of Emirates business class from New York to Milan.

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Leveraging companion certificates

Another strong program for aspirational redemptions is Alaska Airlines Atmos Rewards. I applied for the Atmos™ Rewards Summit Visa Infinite® Credit Card last year, aiming to earn its additional spending-based Global Companion Certificate, which covers up to 100,000 points on a companion award fare, including on partner airlines. Even though I think the card lacks some key business-friendly features, it’s hard to argue with the value of that Global Companion Certificate and the incredible flexibility of Atmos Rewards points.

While planning a trip to Asia, I found good award space on Taiwanese luxury carrier Starlux Airlines. The lowest rates for our dates were 175,000 points — quite a bit higher than the 75,000-85,000 points I’d seen before.

I considered using the certificate to bring the effective cost down to 87,500 points per ticket, but ultimately decided to hold on to it and wait for a better opportunity later in the year.

Premium economy to Europe for a steal

Virgin Atlantic continues to offer solid value on transatlantic flights. My daughter and a friend were planning a spring break trip to London, and their dates were fixed. I initially booked United Airlines economy seats for their departure and hoped I’d be able to ultimately upgrade them to premium economy.

As departure approached, better seats were disappearing — until I found premium economy on Virgin Atlantic for 35,000 points and about $250 in fees. While it cost more out of pocket than economy, it guaranteed a better experience. There was even one Upper Class seat available for under 50,000 points, but they chose to sit together.

Virgin Atlantic frequently offers transfer bonuses (including some that have gone as high as 150%), which can make deals like this even better.

Two tools I like for finding deals are Points Path and Thrifty Traveler. Points Path shows award pricing alongside cash fares in Google Flights and alerts you when prices drop. Thrifty Traveler sends alerts when standout deals pop up, like the Emirates flights mentioned earlier.

Not all redemptions have to be ideal

Not every redemption will be a home run. My current philosophy is to put in some effort to find great deals when you can — and not stress when you can’t.

Recently, my family flew to Las Vegas for a concert. When my wife’s best friend wanted to join, I offered to help with flights. Our return date was extremely busy, and I ended up redeeming 45,000 United miles for a one-way economy seat — far from ideal.

Still, I spent fewer rewards than expected on the rest of the trip. When I averaged it out, it wasn’t nearly as expensive as it seemed — and the memories were worth it.

Bottom line

While it can be tempting to redeem flexible rewards like Capital One miles for statement credits, it’s worth considering transfer partners. Great airline programs like Emirates Skywards, Air France-KLM Flying Blue and Virgin Atlantic Flying Club regularly offer transfer bonuses.

There’s nothing wrong with using points to erase travel charges. Just remember that there are still plenty of opportunities to book a great trip without breaking the bank.



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NetSuite Reporting Tools – Table of Content

Reporting in NetSuite

NetSuite provides various reporting capabilities that retrieve, analyze, and present real-time business results. Users can run pre-built reports, or they can set their preferences and modify them. Users can also build custom reports in the Report Builder tool. Users who have access to reporting can find this function in the NetSuite Reports tab.

It contains a lot of standard reports with pre-defined data and formatting. It also provides ad-hoc reports in which users can select formatting options. They can set their preferences that change the results of the reports. We also have a Report Snapshot portlet option to view a summary of reports on a dashboard for a selected date or period. Once the reports creation is done, we will get options for printing, emailing, and exporting to .csv, .xls, .doc or .pdf files.

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Report Customization

The most standard and ad hoc reports can be customized using the Report Builder. We can modify the reports to meet specific needs. NetSuite offers a special Financial Report Builder to customize financial statements only. The Report Builder follows a What You See Is What You Get (WYSIWYG) format, which means we can view the changes that we made before saving the report.

To create a report, go to the Report Builder and click on ‘Customize’. Click on the ‘More Customization’ option on the new report definition page. We can edit the default columns, filters, and sorting options applied to the report. We can also choose which users are allowed to access the reports by setting permissions. The customization options also depend on the user’s role, permission, and the report that we select.

Managing Reports

Users can manage custom reports by using the Saved Reports page. This is where users can view all the saved reports. We can even edit, view, delete, or change the ownership of reports. We can perform the following functions on the report.

  • Inline editing of reports – We can select the reports that we want to edit, and it lists the selected reports on the same page.
  • Mass updating reports – This is a unique feature offered by NetSuite, where we can change ownership of a few reports at a time.
  • Mass delete reports – We can select all the reports that we want and delete them at once.
  • Saved reports – All the customed and saved reports can be found under the saved reports section. 

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SuiteAnalytics

It delivers embedded analytics for customers to find out hidden information from data. We can monitor company performance across different departments, subsidiaries, and teams. It provides flexibility to create saved searches and reports, which help to make critical decisions and gain meaningful insight.

Using SuiteAnalytics, we can create workbooks that perform complex data analytics tasks. We can create sophisticated criteria filters by exploring data in real-time visualizations. The workbook also has pivot and chart capabilities with drag and drop functionality. A workbook can be deployed into the NetSuite dashboard as portlets. We can then save, share, or reuse the workbook.

NetSuite also has artificial intelligence and machine learning-based capabilities included within SuitAnalytics, which delivers insights and helps customers make faster and smarter decisions. It can also predict what happens in the future based on historical data. It can also automate routine tasks. It also provides data transparency from the summary level to the transaction level.

Business Intelligence

Since NetSuite offers different services through a unified platform, data will be stored across disparate systems. Analysis of this data will be time-consuming and error-prone. NetSuite Business Intelligence provides built-in, real-time dashboards, reporting, and analysis on data integrated across all processes within the Suite platform. It helps is effective decision-making in a reliable and timely manner.

Users can get real-time visibility on issues, trends, and opportunities. We can drill-down to individual transactions. It is very easy to use, as it does not require programming or technical knowledge. The Business Intelligence platform can be accessed via a web browser and mobile device.

Saved Searches

A saved search is a reusable search definition. When we search for something by applying some filters, we get some results. We can save these search options, like advanced search filters and results display with Saved Searches. If the users have ‘Publish Search’ permission, they can share the search results with others. It provides reporting and tracking, which also helps in decision-making.

Users can save the search before defining the search or after the search is run. We can set a list of recipients, so the search results will be sent automatically through email. These emails with search results can be scheduled at a specific time or can send them once the result is updated. Others can go to the search menu and search for these published searches by title.

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Report Snapshots

Displaying all the reports on a dashboard will be cluttered and difficult to understand for users. So, NetSuite has provided an option to save snapshots called report snapshots. It displays a high-level summary of the selected report results. It also contains the links to the underlying reports. When we don’t have space to show the full report, we can use report snapshots. For instance, we can show the top 5 sales items on the dashboard instead of showing all the items. NetSuite provides both prebuilt and custom snapshots.

Key Performance Indicators

KPIs synthesize raw data in your NetSuite and show the results over time. It helps in breaking down the results of data over time. A KPI dashboard component will show results in a tabular format. We can then drill down into each of these results. We can create custom KPIs through saved searches.

A user can only have one KPI dashboard component on their home screen. We can display the KPI search result as an image through the KPI Meter dashboard component. We can add a maximum of three KPI Meter portlets to a dashboard. NetSuite provides more than 75 KPIs, like revenue trends, sales pipeline trends, etc.

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Workforce Analytics

Workforce analytics helps to monitor, measure, and analyze workforce data. A company can analyze its headcount, hiring, and turnover trends. CFOs can identify talent gaps by monitoring payroll data, tenure, and performance management. HRs and management can make use of these reports to access workforce conditions and plan for employee engagement and retention.

It provides two pages called Headcount Analysis and Turnover Analysis, which shows human resource metrics. It also offers drill-down options to get details on analytics. Both employees and HRs can benefit from tracking and reporting on the company’s benefits plans and costs. It can provide historical analytics, predictive analytics, and prescribed analytics. 

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Conclusion

NetSuite has been increasing its analytical ability by making it more and more powerful. We have covered all the tools that NetSuite provides to create reports. You can use standard reports or easily customize reports according to business needs. It allows analyzing real-time data in any dimension. The NetSuite report layouts can be modified to different presentation formats to highlight critical data. NetSuite also standardizes financial reporting in both internationalization and localization. NetSuite also allows interacting with third-party analytical tools like Orbit analytics, Glew, Sisense, and many more.

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1. NetSuite Administrator Guide

2. NetSuite Technical Training

3. Netsuite Bundle

4. NetSuite for Dummies

5. Netsuite ERP modules



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