NetSuite is considered by many to be the #1 Cloud ERP software in the world. It empowers any firm to run its entire business from a single platform by combining finance, supply chain, manufacturing, HR, and e-commerce on one system, with one database.
Choosing the right enterprise resource planning (ERP) system is crucial for success. It can streamline your operations, automate workflows and provide extensive reporting if done right, and it can make running your business a living hell if done wrong. Among the myriad of options available, Oracle ERP NetSuite is consistently chosen by companies across the world. But why? Here, we explore the key reasons driving businesses to opt for this comprehensive cloud-based ERP solution.
1. Comprehensive Functionality
NetSuite offers an extensive range of functionalities that cater to various business needs. From financial management, inventory control, and order management to CRM, e-commerce, and HR, NetSuite provides an integrated suite of applications. This holistic approach enables businesses to streamline operations, improve efficiency, and gain real-time insights across all departments.
2. Cloud-Based Flexibility
As a cloud-based solution, NetSuite eliminates the need for expensive on-premise hardware and maintenance. Companies benefit from automatic updates, ensuring they always have access to the latest features and security enhancements. The cloud infrastructure also provides unparalleled flexibility, allowing employees to access the system from anywhere, anytime, fostering a more dynamic and responsive working environment.
3. Scalability
NetSuite is designed to grow with your business. Whether you're a start-up or an established enterprise, NetSuite can scale to meet your evolving needs. Its modular architecture allows companies to add new functionalities and users as required, ensuring the system adapts to the changing demands of your business.
4. Real-Time Data and Analytics
One of NetSuite's standout features is its ability to provide real-time data and analytics. Businesses can make informed decisions based on up-to-date information, which is crucial in today's fast-paced market. NetSuite's comprehensive reporting tools and dashboards enable companies to monitor key performance indicators (KPIs), track progress, and identify trends and opportunities.
5. Global Capabilities
For companies operating on a global scale, NetSuite offers robust multi-currency and multi-language support in the form of NetSuite OneWorld. OneWorld simplifies international operations by managing complex tax regulations, compliance requirements, and global financial consolidation. This makes it an ideal solution for businesses looking to expand their footprint in multiple countries.
6. Customisation and Integration
NetSuite's customisation capabilities allow businesses to tailor the system to their specific needs. Through SuiteCloud, NetSuite's development platform, companies can build custom applications and integrations with other software solutions. This flexibility ensures that NetSuite can seamlessly integrate into your existing IT ecosystem, enhancing overall operational efficiency. To find out more on NetSuite's many integration pathways, check out our blog post.
7. Cost-Effective
Implementing NetSuite can lead to significant cost savings in the long run. By consolidating multiple systems into one unified platform, businesses can reduce IT overheads, minimise manual processes, and improve productivity. Additionally, the subscription-based pricing model offers predictable costs, making it easier for companies to budget and plan for the future. Check out our NetSuite pricing blog for more information on all things licensing and implementation.
8. Strong Vendor Support
NetSuite is backed by Oracle, one of the world's leading technology companies. This association brings a level of reliability and trust that is hard to match. NetSuite users benefit from Oracle's extensive resources, including customer support, regular updates, and ongoing innovation, ensuring they have a cutting-edge ERP solution.
Conclusion
Choosing the right ERP system is a critical decision for any business. NetSuite's comprehensive functionality, cloud-based flexibility, scalability, real-time data capabilities, global reach, customisation options, cost-effectiveness, and strong vendor support make it a compelling choice for companies looking to optimise their operations and drive growth. By selecting NetSuite, businesses can equip themselves with the tools they need to succeed in today's dynamic and competitive market.
Want to purchase NetSuite and get started on the NetSuite platform?
New to Netsuite or Existing Netsuite Customer? Threadgold Consulting provides tailored one-on-one support. We help you through the implementation process, increase the efficiency of your business and provide you with accurate, real-time information.
