Why a solid ERP system is essential for growing businesses
As your business is growing, it might still run on older technology, manual work and disparate systems. At a certain point, your company outgrows the capabilities of the current systems which can lead to serious issues and frustrations. When you start looking into a solution, you probably come to realize that an ERP system is needed.
An enterprise resource planning (ERP) system is a system that manages all your business processes. From financial management, inventory management, to human resources. An ERP system collects, stores and organizes business data, gives valuable insights, and helps you make better decisions. These things are crucial for any growing organization.
When you are looking for management systems you might have come across NetSuite ERP. But what is NetSuite, and why are more and more companies choosing this system? To get a better understanding of this ERP solution, we will help you with the following aspects:
- What is NetSuite?
- Why other companies choose NetSuite
- Why NetSuite could also be the #1 choice for your business
What is NetSuite?
NetSuite is a cloud-based management solution that is used by over 30.000 companies all over the world. It consists of a suite of business applications that improve business management all in one single platform. The management software gives you real-time insights on how your business is performing. This enables leadership to make better decisions, and increase efficiency.
The platform offers different modules to support every aspect of your business. The system helps automating business processes with wide-ranging features:
- Financial management. Automate financial processes, improve efficiency and productivity.
- Customer relationship management (CRM). Manage prospects, customers and other stakeholders across projects.
- Professional service automation. Plan, manage and improve project workflows and resource management.
- Human resources management. Streamline onboarding, payroll and employee performance.
- E-commerce management. Automate every step from sales, to order management, financials and customer support.
- Supply chain management. Control flows of goods and services across the complete supply chain.
The NetSuite ERP system is an elaborate platform that supports your business in multiple areas. An increasing number of businesses are choosing Oracle NetSuite. But why are companies choosing this system over other ERP systems? Following are 5 reasons why NetSuite is the #1 choice for companies all over the world.
Why other companies choose NetSuite
- Powerful unified business insights
NetSuite gives a real-time 360° view of your business. This enables leaders to see which processes, teams, or business models are doing well, or need improvement. Create and customize personal dashboards to gain insights into the business performance most critical to your role. All dashboards and information are real-time. This ensures you can immediately handle important issues or opportunities.
- Just one solution for everything
Instead of collecting and keeping data in all sorts of applications, NetSuite is a single platform that uses one central database. It brings finance, supply chain, ecommerce, human resources and supply chain together in one platform. This eliminates the need for multiple applications for each business unit, reducing costs significantly. This makes sure that everyone is looking at the same data, and there is only one single version of truth.
- Easy customizations and integrations
Out of the box, NetSuite already comes with a vast amount of functionality and native integrations. The applications are easily adaptable to your business needs. Are the standard functionalities not offering enough? Then NetSuite is able to integrate with thousands of other third-party software applications. The cloud databases ensure fast connections between applications.
- Cloud-based business data, always available
NetSuite is cloud-based, meaning you can access your data from anywhere and whenever you want. The application is also supported for mobile devices, so you can log in from every device with internet access. No issues with older versions or slow upgrades. The platform automatically enables you to access the latest functionalities and updates.
- Scales with your business, even globally
No need to change systems once your business is expanding internationally. The ERP system offers multiple currencies, multiple languages, and automated tax compliance to support your business world-wide. With this platform you’re able to grow by adding more users as well as adding extra functionalities along the way.
Why NetSuite could also be the #1 choice for your business
Now you know more about NetSuite and why companies are choosing this ERP system. You might want to know if it suits your business as well. Due to its flexibility, it can be used by all sorts of companies. You can read more about NetSuite on our Why NetSuite page, or view our Why NetSuite publication.