Why NetSuite Is The Best ERP Solution For Your Business?

When your business starts growing and you look to expand to new locations, you must be wondering how to manage sales teams & channels. How to improve back-office efficiency? How to ensure high levels of service for customers? Furthermore, you also need to assess whether your existing business applications for accounting, sales, service and other functions will effectively support your growing business. Most of the businesses would have started with ad hoc, standalone applications that need to be upgraded to support continued growth. An integrated cloud solution like NetSuite can help you improve business performance while driving profitability. Available as true SaaS, NetSuite ERP not only handle one part of your business, like your financials and accounting or only the sales and CRM activity but bring together all core business functions (financial, revenue, fixed assets, order management, billing, inventory, CRM & ecommerce), enabling you to leverage the benefits of single-source data.

Single Source – If you’re using multiple systems, then users may still be forced to navigate multiple applications and data repositories of data for their everyday activities—slowing down processes and reducing the agility the company needs to grow. NetSuite brings everything on single repository i.e. ERP, CRM, HR, ecommerce, warehouse management, project management and customer service applications. Single repository for real-time reporting enables everyone to see a shared view of the business. 

Ownership Costs – Unlike On-premise ERP systems that require large upfront and ongoing investments to purchase and manage the software and the related hardware, servers, and facilities, NetSuite is available as SaaS (Software-as-a-Service). Initial costs are typically much lower as IT infrastructure is maintained by Oracle. With pay-as-you-go subscription model, you can make cash flow management and planning much easier.

System Upgrades and Enhancements – When you use legacy system/ on-premise ERP, customisations are tied to your current software deployment and are not easy to re-implement with future versions. When you update and enhance the product, your previously implemented customisations will be wiped out and you need to customize again. In NetSuite, product enhancements are rolled out painlessly to your solution without breaking your previously implemented customisations.

Integration Capabilities – NetSuite uses an open API that allows communication between other systems to import additional data, automatically update information from outside NetSuite, and more. So, you can integrate NetSuite with any-other industry-specific application.