What is NetSuite? NetSuite is an Enterprise Resource Planning (ERP) software used by more than 36,000 fast-growing organizations across the globe. That platform consists of a suite of applications that help companies simplify operations, drive efficiencies, gain visibility into performance, and easily manage every aspect of their business.
NetSuite’s core offering provides solutions for financials, CRM, e-commerce, inventory, HR, professional services automation, and more via all from a single cloud-based platform.
NetSuite is an extremely customizable ERP solution thanks to the SuiteCloud Platform and additional modules. These modules allow customers across a wide variety of industries to add on functionalities they do need without paying for functionalities they do not need. With cloud-based engineering, NetSuite can be accessed from any device and anywhere in the world that has an internet connection. The near endless functionality paired with its easy accessibility puts NetSuite at the forefront of ERP offerings.
NetSuite is the #1 cloud ERP system on the market and helps businesses run more efficiently and cost-effectively.
What is an ERP?
What makes ERP unique over using multiple software applications?
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?
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?
What NetSuite modules are available?
- 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