What is NetSuite?

What is Netsuite

NetSuite, which was founded by Evan Goldberg in 1998 and supplied web-based accounting management software at the time, was originally called NetLedger. In the industry, NetSuite is regarded as the first cloud computing company, even one month before Salesforce.com.

In July 2002, Zach Nelson became CEO of NetSuite, taking it from $1 million in annual revenue to a billion-dollar run rate before it was acquired by Oracle in July 2016.

NetSuite: What is it?

Over 26,000 companies in over 200 countries and territories use NetSuite, the world’s most popular cloud enterprise resource planning (ERP) business management system. Financials, CRM, ecommerce, inventory, HR, professional services automation, and more are all integrated into one fully integrated system with this software.

Today, NetSuite customers across various sectors utilize NetSuite modules for efficient and effective management of their businesses. Considering that NetSuite is a cloud-based application, it can be accessed from anywhere in the world with an internet connection.

Software like NetSuite allows companies to manage all of their critical business activities in one place without requiring expensive hardware, huge upfront license fees, or complicated setup. NetSuite can be used for enterprise resource planning (ERP), inventory management, financial tracking, hosting e-commerce shops, and customer relationship management (CRM). It is a versatile platform that can serve a variety of business needs.

In order to reduce costs and increase competitiveness, many businesses have shifted their business systems to the cloud.

What can NetSuite do for my company?

  • Work from any location with your employees.
  • Save up to 50% on IT expenses.
  • Ensure end-to-end visibility across the entire organization.
  • 20 to 50% faster financial closing.
  • Both B2B and B2C needs can be met with commerce-ready capabilities.
  • Reduce order fulfillment time from start to finish by more than half.
  • Own your business and scale it how you want.
  • Reduce DSO (days sales outstanding) by 10% to 20%.
  • Customize workflows, dashboards, and other features.

Package contents: what is included?

Known as the #1 Cloud ERP, NetSuite is a cloud-based financials / Enterprise Resource Planning (ERP) and omnichannel commerce software suite that powers businesses in over 200 countries and territories.

NetSuite ERP manages a number of financial business activities in the cloud, including accounting, inventory, supply chain management, and order management.

NetSuite is the only CRM solution that provides you with a comprehensive 360-degree view of each customer.

With NetSuite Professional Services Automation (PSA), you can plan, track, and execute projects to your satisfaction.

With one database, one system, you can manage operations across nations, currencies, languages, and subsidiaries in real-time.

The core of your online store, whether it’s point of sale, order administration, financials, marketing, or customer support, is your e-commerce platform.

NetSuite is a cloud-based retail software solution that enables you to cater to omnichannel customers.

The manufacturing solution from NetSuite allows you to focus on delivering products and services while retaining the agility and scalability you require for growth.

Overview of NetSuite ERP

How does NetSuite ERP work? One of the most widely used enterprise resource planning applications on the planet, it facilitates organizations ability to control essential financial activities, such as accounting, supply chain, order management, and inventory, through a single, secure interface. The system integrates business intelligence with financial management, offering businesses fully customized views of key performance indicators (KPIs) and reports.

In addition to streamlining and optimizing operations, generating real-time dashboards with graphical reports, creating forecasts, and much more, NetSuite ERP can provide businesses.

Overview of NetSuite CRM Sales & Marketing

NetSuite CRM: what is it and how does it work? It is a powerful cloud-based customer relationship management (CRM) solution that allows sales and marketing teams to visualize a whole 360-degree picture of their customers in real-time. It helps you track all client touch points from lead to opportunity, cross-sell to support and more, by combining traditional CRM capabilities with innovative ones. Sales Force Automation, marketing automation, and customer service management are among the features available, as are quotation delivery, commissions, integrated ecommerce capabilities, order administration, sales forecasting, and more.

The NetSuite CRM module also integrates natively with NetSuite’s ERP and other modules.

Cost and price of NetSuite

NetSuite installation information, pricing, and detailed information can be difficult to locate for enterprises who are evaluating the NetSuite platform. This is because each NetSuite deployment has unique web components, data integrations, and applications.

What is the cost of NetSuite?

A number of factors determine NetSuite’s cost, including the product configuration chosen, the number of add-on modules, and the length of the contract. The minimum NetSuite purchase therefore requires a base account along with one user login. NetSuite has advanced feature modules, which can be useful additions to a regular platform license. You can purchase individual access to a universal cloud-based platform and add additional users as necessary.

A NetSuite license is renewed on an annual basis or for a longer period of time. You can select from a number of pre-bundled vertical versions, which can aid in identifying what packages and modules you’ll need. The one you choose will depend on your needs and on when you are ready to expand.

License pricing expertise for NetSuite

The RSM network has over 1,500 NetSuite customers. With our knowledge of the NetSuite purchasing process, RSM is uniquely positioned to provide you with the best NetSuite pricing available. The more information we provide clients as they evaluate NetSuite as their enterprise resource planning (ERP) platform, the better prepared they will be. Some NetSuite pricing responses will unavoidably vary depending on your business’s needs.

Written by Paul Cardone

Leave a Reply

Your email address will not be published. Required fields are marked *