Why Energy Companies Choose NetSuite to Fuel Growth

by | Aug 29, 2022 | NetSuite

Even in today’s advanced world of cloud and systems automation, there are still a significant number of energy companies that heavily rely on legacy systems and time-consuming manual processes to run their day-to-day operations.

It’s no surprise that most energy and utility companies running on old technologies and systems are stuck dealing with inefficiencies which lead to a major time-sink with manual processes straining the workforce across all departments. Those that want a strategic advantage are adopting NetSuite as their cloud-ERP system to overcome the issues faced with legacy technology.

Why NetSuite for Energy Companies

According to Gartner, a technological research and consulting firm, Oracle NetSuite has been named a Leader in 2021 Gartner Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large and Global Enterprises, marking the fourth year in a row NetSuite has received the honor.

Utilizing NetSuite for energy companies will allow them to accelerate their business productivity, which leads to higher profits, improved customer service and better resource allocation. Implemented by ScaleNorth’s ERP consultants, a premier NetSuite implementation partner for the energy industry, NetSuite’s unified business management suite has the energy, solar, utility, and similar markets covered by optimizing all of their operations for sustainable growth.

Energy Trends: Solar, Oil, Gas & More

The energy sector has seen significant shifts in the last two years. Based on Gartner’s Top 10 Oil and Gas Trends to Watch research, we should expect a number of key changes in the solar, oil and gas industry with the acceleration of digital innovation, rethinking of vendor partnerships, widespread reliance on AI, carbon footprint reduction, and adoption of cost-effective technologies and softwares.

netsuite for energy companies support

Why is NetSuite the #1 Cloud Solution for Energy Companies

As the best ERP for the solar, oil and gas, and utility industries, NetSuite provides the foundation energy companies desperately need to streamline vital business processes — saving time, money, and headaches. The automation capabilities paired with the consolidation of multiple softwares into one singular system means significant time and cost savings for firms in this space.

NetSuite ERP

NetSuite takes energy companies beyond outdated financial management and accounting software by providing a single, unified suite of applications to help energy companies run their business more efficiently which enables better, faster business decisions. Having the right Enterprise Resource Planning (ERP) ecosystem in place can mean the difference between success and failure.

With over 36,000 customers across the globe, NetSuite’s ERP solution has been helping the energy and utility sectors optimize their operations to get a strategic advantage over the competition. Learn more >

Find out how the leading distributed solar utility in the Middle East and Africa scaled their energy business with NetSuite ERP.

Professional Service Automation

NetSuite’s Professional Service Automation (PSA) capabilities allow energy and utility companies to effectively plan, staff, manage, track and analyze the performance of all projects.

NetSuite’s totally integrated solution that includes Project Management, Project Accounting, Resource Management, Timesheet and Expense Management and Analytics, provides powerful tools to help energy companies efficiently manage their projects, resources and finances. Learn more > 

Customer Relationship Management

NetSuite provides utility and energy companies a single repository of customer interaction in both B2B and B2C environments which enables superior service quality with a complete 360-degree customer view.

By implementing NetSuite CRM, energy companies in the US can better manage and cultivate important relationships with a total view of all constituents and can make more educated decisions about their marketing spend. Learn more > 

Unified Global Business Management

Solar, oil, gas & other energy companies with multiple locations, subsidiaries, business units and legal entities can leverage NetSuite OneWorld to accelerate their financial consolidation, while seamlessly handling currencies, taxation rules and reporting requirements. It provides the agility, automation and capabilities to enable businesses to move beyond just thinking global to executing at a global scale.

With NetSuite OneWorld, energy companies can easily manage inventory & fulfillment across multiple locations and can seamlessly run multiple stores and/or multiple sites managed from a single unified NetSuite account. Learn more > 

why solar companies choose netsuite

Benefits of NetSuite for Solar and Energy Companies

Learn how NetSuite’s integrated cloud ERP helps fast-growing power producers, solar distributors, and other energy companies get ahead:

Streamlined Operations

Both front and back-of-office operations are brought together in one place. End-to-end processes can be automated to ensure maximum efficiency throughout the energy sector.

Customer Satisfaction Improvement

Manage the entire customer lifecycle across multiple touch points and gain a real-time, 360-degree view of your customers. Utilize a deep understanding of customers and prospects to deliver the best service and user experience possible.

Adapt to Changing Business Conditions

NetSuite provides real-time analytics and flexible business processes which enables energy businesses to monitor the market and respond to change with speed and ease.

Going Green

With all operations being run in the cloud, solar, oil, gas and other energy companies are able to reduce their carbon footprint and identify opportunities to make other areas of their operations more sustainable.

Conclusion: NetSuite for Energy Companies

With over 34,000 customers and successful energy sector clients of nearly every size, NetSuite has a deep understanding of energy businesses across the globe and all the possible challenges that they face.

By combining the world’s leading ERP platform, NetSuite, with ScaleNorth’s scalable approach, we help energy companies respond faster to the ever-changing market and environmental changes.

ScaleNorth’s team of multi-certified NetSuite consultants provide energy companies with everything required to get up and running on the world’s leading cloud-based ERP system. Post go-live, we support our clients with managed support packages and outsourced NetSuite accounting to make their operations as smooth and efficient as possible.

Get a consultation from a premier NetSuite Implementation Partner today. Get it for free!

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