Whether your business is a startup, a company that has outgrown its previous software, or an organization unhappy with the service it receives, you will have to choose the financial and accounting software that best meets your needs. In any case, you must go through the software selection process at some point. You should therefore be familiar with the available options in order to choose the best one.
In this article, we will review NetSuite ERP, the world’s most popular cloud-based ERP system. Your company needs financial management systems that are flexible, rapid, and responsive in today’s dynamically changing world. We recommend NetSuite ERP to all of our clients and partners because it meets the needs of businesses of all sizes. Studies show that businesses who use NetSuite reap the following benefits:
NetSuite ERP’s Top 5 Benefits:
1. You can integrate NetSuite ERP with other business processes within your company.
NetSuite’s comprehensive approach offers a full portfolio of solutions that are customized for each company. From CRM and eCommerce integration to Inventory and Advanced Warehouse Management, Resource Planning, Human Resources, and Professional Services Automation, NetSuite has it all rolled into one integrated suite.
Organizations can use NetSuite ERP to control expenses, improve accounting efficiency, streamline order management and procurement procedures, reduce manual reporting, and enhance productivity. Integrating a single system across a company can enhance financial reporting and closure times, employee productivity, and integrate complexity, leading to more proactive decision-making.
By connecting NetSuite ERP with all other operational options, you no longer have to source, deploy, and maintain a variety of application systems and their connectors. The money and time saved over time can be re-invested in your company’s operations to improve them even further.
2. You’re able to make faster, more informed decisions with NetSuite ERP’s real-time visibility
On NetSuite dashboards, all departmental data is aggregated, allowing executives and staff to spend less time gathering information and more time analyzing and acting on it. Dashboard offers fully customizable reports, graphs, and snapshots that allow you to drill down for more specific information. From any location and at any time, you can access key performance indicators (KPIs), such as sales forecasts, orders, support cases, receivables, and goods to ship. You can make faster business decisions and maintain a competitive advantage by making more timely decisions.
3. NetSuite ERP’s workflow automation standardizes processes
Through standardizing processes and automating occurrences, NetSuite ERP ensures that every client engagement is managed and executed consistently. By detecting issues early and offering solutions, workflow automation can help a corporation be proactive in customer management. Management of orders, fulfillment, invoicing, cash collection, spending approvals, and financial aggregation (to name a few) can all be automated, allowing you to avoid hiring new employees and redirect your staff to higher-value tasks that will help your company grow.
4. NetSuite ERP helps growing businesses
Installing NetSuite ERP requires no additional software to be installed. Users and modules may be added quickly and simply. The maximum number of licenses that a company may require at any given time must be purchased when using traditional on-premises software to avoid overspending. NetSuite, on the other hand, allows users to increase or decrease the number of users as necessary during peak periods. Therefore, you will be able to save even more time and money by not requiring the services of consultants or IT unless new configurations or revisions are needed.
5. Collaboration Made Easier with NetSuite ERP
NetSuite ERP helps high-functioning service organizations collaborate around projects, financials, and core tasks. By maintaining constant communication with clients and associates, you can improve service delivery by ensuring that expectations are met, and NetSuite’s customer center provides clients with access to essential information and ensures they are constantly satisfied.