Introduction to NetSuite

Introduction to
NetSuite

THE RIGHT ERP TAILORED TO YOUR BUSINESS NEEDS

Every decade or so, organizations ask themselves this strategic question, which has major implications for their operational efficiency. With the rapid evolution of technologies and solutions, it is understandable that this decision is difficult to make. Add to that the fact that there are a plethora of options to choose from. Cloud technology has revolutionized the availability and power of solutions. A few vendors have developed completely new systems that maximize the benefits of these technologies, while traditional vendors are investing in the convergence of existing software with a more or less complete cloud approach.

In any case, it is clear that cloud solutions are the future, regardless of the size or nature of the organization concerned

BUILT-IN BUSINESS INTELLIGENCE that delivers a single version of the truth and provides real-time insights into key business performance indicators for a unified view of the organization.

COMMERCE-READY CAPABILITIES FOR B2B AND B2C businesses that provide a seamless brand experience by unifying eCommerce and in-store POS to order management, inventory, merchandising, marketing, financials, and customer service.

A POWERFUL DEVELOPMENT PLATFORM WITH UNPRECEDENTED FLEXIBILITY that enables businesses to tailor the system to meet their unique requirements and industry-specific needs plus a comprehensive partner ecosystem that can help them scale up, spin-off or reinvent business models.

ISSUES TO CONSIDER IN THE QUEST TO FIND THE OPTIMAL SOLUTION

You are going to forge a long-term partnership. Is the supplier an organization that will be able to adapt to changes in your business over the next 10 years?

You have to rely on technology from the future, not from the past. Many solutions are adaptations of old products. The cloud is the future, so you need to make sure the solution is designed for the cloud. The solution must meet your operational needs. They are constantly evolving, so you need a solution that can adapt to change and that would be customizable to meet your specific business needs. From the user perspective, it should be easy to use and offer a superior experience. The solution must be affordable and quick to implement.

Does the cost of the solution vary depending on the size of your organization? How much do upgrades really cost? How long does it last? It must connect to other systems. Has the solution proven its ability to integrate with other core business systems? Are there any third-party applications capable of enriching and extending its functionality?

NetSuite combines innovation and experience within a single cloud ERP part of the Oracle universe.

NetSuite provides Cloud Financials, CRM, eCommerce, HCM and Professional Services Automation Management for all organizations from fast-growing midsize companies to large global organizations. Additionally, each component of NetSuite is modular, enabling it to be deployed and integrated with existing investments as required. NetSuite OneWorld scales with global businesses by providing complete multi-subsidiary management and support for local accounting regulations.

NetSuite was designed from the start as a cloud-based solution capable of fully managing a business. NetSuite is extremely scalable. Hosted on the most solid, latest and most secure infrastructure, this solution is able to easily meet the needs of the largest global organizations.

NetSuite is highly customizable and very user-friendly. Designed from the outset to facilitate customization, this solution is based on the best in class processes in each area of activity. Whether it is operations process management, research, in-depth navigable reporting or dashboards adapted to each job profile, the most powerful mechanisms are mobilized to facilitate an exceptional user experience.

NetSuite has proven its ability to integrate with a wide range of third party solutions.

Through multiple partnerships, you can access a full range of applications to build the integrated solution that meets your most specific needs.

NetSuite provides free updates and is quick to set up. You benefit from semi-annual updates, at no additional cost and with minimal disruption. NetSuite’s proprietary process ensures fast, high quality implementation.

More benefits include

Reporting

With NetSuite, you only need a few clicks to gain access to an overview of the performance of the company, its departments and subsidiaries. Thanks to its user interface, each employee has a unique, customizable view of their key actions and the most important business data. At all levels of management, it facilitates decision-making.

100% Cloud, what does that mean?

Many solutions call themselves Cloud. Only NetSuite was born in the Cloud and can claim 45,000 companies worldwide using the same core version. But for you, what are the advantages of a 100% cloud solution?

Customer Relationship Management

CRM NetSuite CRM gives you a 360-degree view of customers. It provides real-time insight throughout the customer lifecycle: from lead to opportunity, from order management to fulfillment and renewal management. It is such a powerful tool for your marketing actions and after-sales service.

Scalability

NetSuite provides updates to its ERP software. You benefit from semi-annual updates, at no additional cost and with minimal disruption. You always have a state-of-the-art management solution.

Cost Containment

Based on a SaaS model, NetSuite offers you perfect control of your costs. infrastructure, license, maintenance and support are included in your annual subscription.

Single Version Only

All NetSuite customers around the world use the same core version. A real advantage for companies, in terms of ease of deployment but also of updates.

Project management

NetSuite is particularly well suited to professional service companies. The project management module allows managers and team members to collaborate simply while providing real-time visibility into the progress of the project. It ensures time management and optimization of resource allocation.

Human Capital Management

Your employees are key to your organisation’s success. Their professional growth directly correlates to the expansion of the company as a whole. With NetSuite, managing your workforce at the administrative and strategic levels becomes seamless, which empowers human resources teams to channel their efforts to the core of their functions. Centralised payroll and employee data, talent acquisition, talent development & retention, managing attendance, reporting & analysis are all integrated under the NetSuite platform.

Financial Management

The financial sector benefits greatly from NetSuite’s financial management solutions. Financial transactions are streamlined, ensuring quick financial close and adherence to compliance policies. Various aspects, including finance and accounting, billing, revenue recognition, financial planning, financial reporting, global accounting & consolidation, Governance, Risk and Compliance (GRC) are served under a single platform. Finance departments can be assured that financial close, accurate reporting and instantaneous real-time information are taken care of by NetSuite ERM.

Order Management

Manual inputs in order management can be an important source of inaccuracy in order management. With NetSuite, streamline your order processing and ensure a smooth process, from sales quote to fulfilment of orders, ensuring invoicing and payments happen timely. Seamless integration of the sales, finance and fulfillment teams are all feasible through NetSuite. You can be sure that your business will flourish, with pricing & promotions, sales order management and returns management coming under a common umbrella through the solution NetSuite has on offer.

Manufacturing

Can one size fit all in manufacturing? YES! Through NetSuite ERM, all the elements in the manufacturing sector are taken care of. The broad capabilities of NetSuite make it possible today to accommodate CRM, product data management, order management, planning & scheduling, procurement, production control, supply chain, shop floor control and quality management under a single cloud tool. From electronic manufacturers to those in consumer goods, NetSuite takes care of it all.

Supply Chain Management

Does your business run across multiple continents and time zones? Warehouse and Fulfillment Management entail coordination of multiple stakeholders. NetSuite reconciles all of them under one platform to ensure that planning, execution, collaboration and support functions happen with minimal effort, bringing your enterprise real-time visibility, increased service levels and reduced supply chain costs.

Procurement

Time-consuming and inefficient. This is what comes to mind when dealing with procurement. Until they are presented to NetSuite, which makes acquisition of goods and services as efficient as it can get. Time, money and transparency all become achievable goals through the industry tested NetSuite ERM. Sourcing, purchasing and paying are all streamlined, benefitting your business day after day.