Ever since the 90’s when Enterprise Resource Planning (ERP) gained popularity due to its versatility and capacity to control major business processes, organizations have flocked to implement an ERP system. And with good reason. Initially designed to manage finances, an ERP system also automates other important functions including marketing, eCommerce, and operations. Available for businesses in all industries, the tricky part is figuring out which company offers the best ERP solution for your particular organization.
What you need to know about NetSuite
NetSuite was founded in 1998 as a cloud computing company. Over the past decades, it has grown into a leading cloud platform, with Oracle Corporation acquiring the company in 2016. At its core, NetSuite is a finance and accounting tool, used to automate data so companies can avoid manually entering data and creating unnecessary errors.
Known as the #1 cloud solution for small to medium-sized businesses, its scalability is ideal for all organizations that experience rapid growth. Main features include Customer Relationship Management (CRM), ERP, Professional Services Automation (PSA), and eCommerce; however, it offers a massive selection of apps and third-party software that can easily be integrated into the system. This leads to an enhanced NetSuite experience, serving all industries and business types.
Whether your organization is nonprofit, manufacturing, or biotechnology, NetSuite provides users with customized solutions and products specifically made for each sector.
How do you implement NetSuite?
Throughout the years NetSuite has forged partnerships with companies to expand on their global presence. Serving customers across the world, these partners work alongside NetSuite to integrate and implement the NetSuite software.
When considering a NetSuite implementation, you can either go straight to NetSuite or one of their many partners. Whichever you choose, both will provide in-depth expertise and guidance for a successful implementation.
A third option – that doesn’t come highly recommended – is to implement NetSuite on your own. While possible, this can be difficult. Without the intricate knowledge of NetSuite, you can run into sticky, sometimes unfixable, situations. With an implementation partner, you have access to an encyclopedia of information, as well as specific customization options unique to your business. Not to mention, if you ever run into an issue, your partner will be there to solve the problem in no time.
Can NetSuite help grow my business?
As an ERP, NetSuite has a long history of enhancing core business functions, which leads to companies facing higher demand in services and/or products. While NetSuite isn’t directly linked to growth, when an organization moves to an ERP platform, the automatic functionality of backend systems facilitates a more efficient workforce and therefore higher profitability.
It’s a big financial decision to upgrade to an ERP and should not be taken lightly, but the advantages will always outweigh the disadvantages. Its location in the cloud not only enables users to have easy access wherever they are, but its simplified digital trail allows customers to have accessibility to important data when they need it, even if it’s last minute.
If your business has been feeling stagnant lately, perhaps it’s time to update your legacy system to an ERP like NetSuite and discover how your business will flourish with automated data and reporting.