What is NetSuite?
The #1 Cloud Enterprise Resource Planning (ERP) System On The Market
Enterprise Resource Planning
NetSuite ERP helps businesses operate effectively by automating routine tasks and providing 360 degree visibility into operational and financial performance. It replaces countless software programs and allows you to run your business with a single unified system. With your data being unified across departments, locations, and business functions in real-time, NetSuite gives you best in class insight into your business.
NetSuite ERP Features:
- Financial Management
- Global Business Management
- Accounting Management
- Inventory Management
- Order Management
- Supply Chain Management
- Warehouse Management
Global Business Management
NetSuite OneWorld is the perfect solution for companies that operate internationally, have separate legal entities, or manage multiple subsidiaries and business units. Business owners get complete control over what data is seen and accessible by each unit, and can consolidate all location data into single reports for total visibility. Plus, OneWorld supports 27 languages and 190 currencies making it simple to work with customers and suppliers around the world. Custom country-specific configurations allow you to manage compliance, tax and regulatory requirements, and accounting standards across jurisdictions.
NetSuite Global Business Management Features:
- Global Accounting and Consolidation
- Consolidated Financial Statements
- Indirect Tax Management
- Audit and Compliance Reporting
- Electronic Payments
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Which industries use NetSuite?
Human Resource Management
NetSuite’s SuitePeople human resource management solution helps make HR service delivery easier and more efficient for everyone across the organization. With a single tool to manage human resources and payroll, businesses can ditch their third-party HR software along with the technical integrations that come along with it. This allows you to improve data accuracy, boost employee experience, and make better decisions focused on your most valuable asset.
NetSuite Human Resource Management Features:
- HR Administration
- Performance Management
- Workforce Management
- Workforce Engagement
Professional Services Automation
NetSuite’s Professional Services Automation (PSA) solution allows service businesses to enjoy an end-to-end cloud-based PSA system. Time and expense tracking ,project and resource management, project accounting, and invoicing all become easy with NetSuite. The SuiteProjects module helps organizations complete projects quickly and profitably, generate invoices accurately and efficiently and shrink accounts receivable cycles.
NetSuite Professional Services Automation Features:
- Project Accounting
- Project Management
- Resource Management
- Timesheet Management
- Expense Management
- Project Reporting and Analytics
Analytics and Reporting
NetSuite’s analytics and reporting capabilities gives businesses real-time and 360 degree visibility into their operational and financial performance across all business functions. With prebuilt reports, and near endless customization, these reports make it easy to get the data you need, while role-based dashboards and key performance indicators (KPIs) help you keep an eye on business performance.
NetSuite Analytics and Reporting Features:
- Reporting & Dashboards
- Data Warehouse
- Saved Searches
- Data exports
How Can NetSuite Benefit Your Organizational Roles?
These brief introductory NetSuite demos show how the world’s leading cloud-ERP system is utilized by different roles in your organization. For a more in-depth and company specific NetSuite demo, contact ScaleNorth today.
NetSuite for the Controller
NetSuite for the CFO
NetSuite for the CIO
NetSuite for the Sales Manager
NetSuite for the Operations Manager
NetSuite for the Support Rep
What is an ERP?
ERP is the acronym for Enterprise Resource Planning, which is a software system that unifies and automates core business operations and processes including HR, finance, financial planning & analysis, and operational processes. ERPs offer a single solution to manage most if not all business departments and processes.
What makes ERP unique over using multiple software applications?
If you use multiple software applications to run your business, you may be missing out on opportunities to streamline your operations. An enterprise resource planning (ERP) system allows you to manage large amounts of data in a centralized solution, which makes analysis and gathering insights from the data easier and more efficient. With an ERP system, you receive full integration and communication across all departments in real-time avoiding missing information and saving time on manual consolidation of data.
How do I know I need an ERP system?
- You are using multiple software systems or applications
- You cannot access financial information about your business easily
- You have too many manual and time-consuming processes
- You are struggling to meet customer’s ever-changing demands
- Your IT processes are extremely complicated
- Your business is scaling quickly and current systems can’t adapt
- You spend too much money on IT support services
- You are looking at a future liquidity event such as capital raise, acquisition, or IPO
How To Pick the Right ERP?
If you’re starting the process of evaluating a new ERP system, we first recommend you review our recent blog post “12 Tips for Choosing the Right ERP Software”. Still need help deciding? Here are 3 free resources to help guide your journey:
What are the most important things to look for when choosing an ERP?
Scalability and Flexibility
An ERP system should be flexible enough to scale with a business’s needs. Avoid legacy on-premise systems that are really just a patch and run job; the company will quickly outgrow these lesser options. Seek an ERP with the agility to integrate with emerging technologies and adapt with your business and its environment; this will ensure that your business is future-proof. NetSuite is often considered the last ERP you’ll ever need, and will scale with your business from startup to IPO and beyond.
Employees should be able to access ERP dashboards in order to get the information they need, when they need it. They should also be able to enter data directly from the field, which reduces the risk of errors that occur when they have to re-enter data collected at a previous time. NetSuite offers mobile and tablet capabilities, which along with its cloud architecture, means it can be accessed anytime from anywhere in the world.
Business intelligence is key to strategic success. An ERP system with built-in analytics capabilities can help you track KPIs and make more strategic and timely decisions. Plus, data will need to be accurate and available in real-time. NetSuite allows you to quickly consolidate cross-departmental data, updated in real-time, for improved visibility and analysis making it a key favorite amongst even the most data focused customers.
Top ERP systems like NetSuite are built from modules that can be connected together to form a seamless whole. Each module’s functionality has been designed to dovetail well with the others, so as your business grows, you can continue to add on modules and expand your capabilities. These modules cover industry specific functionalities such as Professional Service Automation, as well as department/role specific functions such as Supply Chain Management or HR.
What is NetSuite ERP?
NetSuite ERP is an all-in-one cloud business management solution that helps organizations operate more effectively. NetSuite’s multi-tenant platform provides real-time visibility into operational and financial performance across your entire business—and scales to meet the needs of companies of any size. It serves as one single system to provide you with finance and accounting, inventory management, CRM, marketing automation, human resources and more.
What NetSuite modules are available?
NetSuite has an entire suite of modules that can be tacked onto its base ERP offering to expand the functionality and fit your organization’s needs. These modules include:
- Inventory Management
- Order Management
- Warehouse Management
- Supply Chain Management
- Customer Relationship Management (CRM)
- Professional Services Automation (Service Resource Management)
- Workforce Management
- Human Resources Management
- Marketing Automation
What industries use NetSuite?
NetSuite can be adopted for practically any industry thanks to its high-customization capabilities. Common industries that thrive on NetSuite include (but are not limited to) Wholesale Distribution, Software, Life Sciences, Professional Services, Field Services, Manufacturing, Energy & Utilities, Private Equity, Food & Beverage and more.
How long does it take to implement NetSuite?
On average, it takes a few months to fully implement NetSuite. ERP implementations are large projects, but skilled NetSuite Consultants like ScaleNorth can make the process seamless.
What is the cost of NetSuite?
NetSuite pricing is based on a subscription model. Pricing varies depending upon modules needed, number of users, length of license term, and number of entities and locations. When working with ScaleNorth, we’ll use our deep NetSuite experience and business acumen to get you the ideal package and price point for your business.
How do I know if NetSuite is right for me?
NetSuite is trusted by 33,000+ organizations across the globe, ranging from small businesses to large enterprises. Roughly 20% of Fortune 100’s utilize NetSuite, and it’s considered one of the most robust and customizable ERP solutions.
What is the ideal size of business to use NetSuite ?
NetSuite works for businesses from start-ups to large companies. You can scale your business without the cost of additional hardware as your business is in the cloud.
Can I import data into NetSuite?
Yes, importing data to NetSuite is easy. NetSuite users can import data into NetSuite in a variety of ways, from comma-separated value (CSV) files to integrations using application program interfaces (APIs).
Is NetSuite mobile friendly?
NetSuite features a mobile solution that provides a specialized mobile interface for NetSuite for iPhone and Android devices, giving you access anytime and anywhere.
What is a NetSuite Solutions Provider?
NetSuite Solution Providers like ScaleNorth are NetSuite experts who deliver complete NetSuite solutions including implementation, support, and customizations. ScaleNorth is recognized as a certified NetSuite Solution Provider by Oracle NetSuite.
Why is NetSuite a top ERP choice?
NetSuite’s ERP solution helps businesses become more competitive, lower costs, streamline business processes, and increase efficiency. It was built specifically for the cloud, giving it an edge over other ERP systems that are either on-premise or adapted for the cloud. All NetSuite users are running the same version, and updates happen seamlessly and automatically.
Contact ScaleNorth Today
Have questions about what all the services are or how they can improve your business?
ScaleNorth is one of the leading NetSuite Advisors in the Nation. Attention to detail and the customer experience are top of our priority list. NetSuite is a very powerful business tool, with the right direction you can utilize all that NetSuite Cloud ERP offers. Combining NetSuite with other tools like Avalara, MSI, Trinet, Celigo and SPS Commerce will set you ahead of your competition. ScaleNorth are not limited to these softwares, contact us today to discuss implementation of your current software with NetSuite.
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