Is NetSuite ERP Fit Enough To Boost Productivity?

Organizations running a business across industries including manufacturing, finance, retail, e-commerce, or serving in professional services often come across multiple impediments in managing the core operations. With the advancement in technology and the way of doing the business, organizations are moving to an efficient cloud-based ERP software solution to steer automation. However, choosing the right one is still a task demanding substantial time on research and consultation

In context to this, many businesses have shared their experience with NetSuite cloud ERP and its capabilities. But, before you make a conscious choice, it is important to check if the solution holds those capabilities that can fit in your business and prove beneficial in the future. One solution delivering benefits to a business may not fulfill your requirements.

 

 

Here, you can go through the elemental capabilities NetSuite ERP Software and make well-informed decisions while driving the robust transformation to the entire organization.

What is NetSuite?

It is a cloud-native business management software suite streamlining key operations across financials, manufacturing, wholesale distribution, e-commerce, professional services, hospitality, oil field services, retail, life science, and more.  

One of the most inquisitive things about this robust software solution is its ability to function efficiently for different industries and company sizes. In other words, NetSuite can offer an effective solution for a large enterprise as well as a start-up with limited resources.

Industry-specific functionalities offered by NetSuite ERP:

 Finance/ Accounting

·         Education

·         Software & Technology

·         Discrete Manufacturing

·         Health and Beauty

·         Wholesale Distribution

·         Non-profit and Social Enterprises

·         Professional Services

·         Supply Chain

·         Retail and Ecommerce

·         Energy

·         Oil Field Services

·         Apparel, Fashion, and Accessories

·         Advertising, Media and Publishing

Moreover, NetSuite delivers multiple capabilities that an organization running a business across a single industry may require.

For instance, an e-commerce business selling products via an omnichannel platform will need the following applications to support the operations at a minimal level.

·         Accounting & Financial Management Software

·         Inventory Management Software

·         Warehouse Management Software

·         Demand Planning

·         Procurement Software

·         CRM Software for Sales

·         CRM Software for Customer Support

·         Ecommerce Software

·         Point of Sale Software

·         Human Resource Management Software

However, administrators must consult with acclaimed service provider partners before leveraging NetSuite ERP software solutions and have information about the past experiences shared by the clients using NetSuite.  

NetSuite Editions

If we talk about NetSuite license, it offers numerous options, which companies can choose as per the organization’s size and resources.  

 In general, NetSuite ERP offers the following editions:

·         Limited Edition- Small-sized businesses with less than 10 users.

·         Mid-Market Edition- Mid-sized organizations with less than 1000 users

·         Enterprise Edition- Large enterprise with more than a thousand users.

However, each edition comes with basic NetSuite CRM & ERP functionality, including financial management, customer relationship management, procurement, order management, inventory management, and employee self-service. For personalized applications, business administrators can consult with experienced NetSuite solutions providers to avail of customization services and catering to specific business needs.

Moreover, NetSuite is a robust platform to get the tools and framework enabling the customers, partners, and software developers to meet specific business needs, including system integration. Also, NetSuite Connectors are orchestrated to solve mission-critical issues when it comes to integrating complex and disparate operations. Referred to as the iPaaS platform, it enables the development, deployment, and governance of data flows between applications without much hassle. It is most efficient for the companies looking for tying multiple systems together.

On a final note, an astute service provider partner can help you gain a competitive advantage and drive substantial business growth by leveraging the core capabilities of an efficient cloud-native software suite.

To know if NetSuite can fit in your business and our expertise in delivering the application,

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