Lead with NetSuite ERP: the World’s #1 Cloud-Based ERP Software
If you are a high-growth organization, chances are you have been faced with the decision to choose a financial and accounting software that is fit for your company. Perhaps you are a startup looking at systems for the first time, or an organization that is unhappy with or has outgrown its current software. No matter the reason, it is inevitable that you will face the software selection process at least once. Therefore, you should have some background knowledge of the many different options that are available in order to choose the best one for your business.In this blog, we will focus on NetSuite ERP – the world’s leading cloud-based ERP software. In today’s dynamically changing world, your business demands financial management solutions that are flexible, quick, and responsive. NetSuite ERP is a software that we recommend to all our clients and partners because it fits the wants the needs of all types and sizes of businesses – from small to mid-sized to enterprise. In fact, research shows that organizations using NetSuite experience the following benefits:
- Reduce IT costs by 50% or more
- Accelerate financial close by 20%-50%
- Cut order-to-cash cycle by 50%+
- Reduce audit preparation time by 50%
- Reduce invoicing costs by 25%-75%
The Top 5 Benefits of Implementing NetSuite ERP
1. NetSuite ERP is Integrated to Support All Other Functions of Your Organization
With an integrated approach, NetSuite encompasses an entire suite of solutions, tailored specifically for individual companies. From integrating your CRM and eCommerce to Inventory and Advanced Warehouse Management, Services Resource Planning, Human Resources, and Professional Services Automation, NetSuite has it all in one combined suite.
NetSuite ERP enables organizations to manage costs, optimize accounting efficiency, streamline order management and procurement processes, eliminate manual reporting, and improve overall business productivity. The deployment of a single system across an organization improves financial reporting and close times, employee productivity, and integrated complexity, which leads to an increase in proactive decision making across the business.
By integrating NetSuite ERP with all other operational opportunities, you no longer have to worry about procuring, installing, and maintaining multiple application systems and the integrations between them. This time and money saved over time can be pushed back into your organization to further improve your business operations.
2. NetSuite ERP Provides Real-Time Visibility to Make Timely and Informed Decisions
NetSuite dashboards provide data from all departments, so executives and employees can spend more time analyzing and acting on data and less time gathering it. The dashboard offers highly customizable reports, graphs, and snapshots, enabling you to drill down into information for deeper insight. You can access key performance indicators (KPIs), such as sales, forecast, orders, support, cases, accounts receivable, items to ship, and more, anytime and anywhere – which, as a result, allows you to accelerate your business decisions and sharpen your competitive edge.
3. NetSuite ERP Offers Workflow Automation to Standardize Processes
NetSuite ERP standardizes processes and automation of events to assist in ensuring that each customer engagement is managed and executed in a consistent manner. Workflow automation can help a company be proactive in customer management by identifying problems early and suggesting corrective action. Automating order management, fulfillment, invoicing, cash collection, expense approvals, and financial consolidation (just to name a few) enables you to avoid new hires that would otherwise be required to manage these processes, and redeploy staff to higher-value activities to help your business innovate and grow.
4. NetSuite ERP Scales to Assist Growing Companies
NetSuite ERP allows for the easy addition of both users and modules without any installation. With traditional on-premises software, companies need to purchase the highest user license count it might incur at any period. NetSuite, however, allows you to scale up your user count for busy periods and scale down when not needed. That means no consultants and no IT unless additional configuration or enhancements are needed – saving you further time and money on IT needs.
5. NetSuite ERP Provides a Platform for Enhanced Collaboration
For high-functioning service organizations, NetSuite ERP provides a platform for collaborating around projects, financials, and core responsibilities. Constant communication with clients and associates can improve service delivery by ensuring that expectations are met, and through the deployment of NetSuite’s customer center, you can ensure that clients have access to relevant information and are continually satisfied.