What Is NetSuite?
NetSuite is a revolutionary ERP software. Its cutting-edge technology makes it the powerhouse for every type of organization, from elite enterprises to highly efficient small businesses.
As the adoption of cloud technology continues to grow globally, NetSuite maintains its position as a market leader by delivering the best cloud-based ERP and a financial suite of solutions to businesses worldwide. Businesses run by NetSuite lower their IT costs and increase productivity.
One of the vital strengths of NetSuite is that it supports the organization at every stage of growth. Its scalability and customization capabilities evolve with businesses. The customizations tailored to meet a business’s specific requirements give the ability to run most efficiently and effectively.
What Type of Businesses Gain From Using NetSuite?
With more than 33,000 customers that use the NetSuite ERP software, it is top of the leaderboard for business of all sizes and in every industry. This includes everything from startups to household names, B2B, B2C, and product or service based businesses. NetSuite has you covered. Below is just a snapshot of all the industries this #1 cloud based ERP software touches.
- Digital Products
- Pet Food/Supplies
- Venture Capitalism
- Professional Services
- Financial Sector
- Food and Beverage
- Wholesale Distribution
- Solar Energy
- Health and Beauty
Core Features to NetSuite ERP Solutions
NetSuite’s cloud-based ERP system allows businesses to run their entire operations from a single platform, bringing together finance, supply chain, manufacturing, HR, and e-commerce on one system, with one database. This eliminates the need for disparate software for each function and provides employees with easy access to monitor the status and performance of any aspect of their operations. With NetSuite, businesses can streamline their processes and focus on growth, while ensuring data security and sustainability.
Unlike other “cloud” ERP systems that are hosted or hybrid cloud, which essentially means they are on-premises software retrofitted for internet access, NetSuite was built specifically for the cloud. This means that it is a multi-tenant, vendor-managed cloud solution that can support endless growth. Traditional systems often suffer from version lock, slow upgrades, and lack of scalability, but NetSuite’s cloud-native architecture eliminates these problems.
NetSuite’s reporting tools are fueled by the abundance of data flowing from departments and business units. Users can generate reports on any aspect they wish to measure or understand. Moreover, role-based dashboards in NetSuite provide employees, managers, and executives with the necessary information to make informed decisions quickly.
NetSuite offers a high level of functionality and adaptability, allowing it to serve a wide range of industries. Its platform can be customized to meet the unique requirements of different businesses, whether they are a large multinational corporation or a small startup. NetSuite achieves this through SuiteCloud apps and tools, which can accommodate a variety of processes and corporate structures.
NetSuite applications use a central database to ensure consistent information. Its native modules eliminate the need for unreliable third-party integrations and support real-time updates. This architecture provides a common user interface, reducing training time and increasing productivity. Users can complete multi-step processes, like order-to-cash and procure-to-pay, from a single application without re-entering or exporting information.
Native NetSuite ERP Solutions
- Financial Management
- Global Business Management
- Planning & Budgeting
- Inventory Management
- Order Management
- Warehouse Management System
- Demand Planning
- Customer Relationship Management (CRM)