What is NetSuite Used For? Learn About
NetSuite ERP Functionality
What is NetSuite?: A Comprehensive Guide to the Business ERP
For several businesses around the globe, Oracle NetSuite has become a game-changer. What is NetSuite?, you may ask. NetSuite is an all-encompassing Business Enterprise Resource Planning (ERP) system designed to streamline business operations. Backed by Oracle’s powerful architecture, NetSuite offers a robust suite of tools to help companies manage their critical operations from a single integrated platform. It is a cloud-based, scalable solution meant for businesses of all sizes – whether they are small companies or global enterprises. From managing your financials and ecommerce to CRM and beyond, NetSuite’s complete data management capabilities are impressive. It's adept at compiling and analyzing data across multiple business avenues efficiently. Oracle NetSuite ensures businesses have the tools at their disposal to make informed strategic decisions based on reliable, up-to-date data. Understanding NetSuite and its capabilities can be a game-changer for many businesses. It can optimize operations, improve efficiency, and enhance business agility. Oracle NetSuite's global business management option, NetSuite OneWorld, provides real-time global business management and financial consolidation to businesses with multinational and multi-subsidiary operations. Enabling you to manage multiple businesses in one system, NetSuite OneWorld is a perfect fit for global businesses. Between them, NetSuite’s erp systems support multiple languages, currencies, tax rules, and regulatory requirements, making it easy for businesses to operate in different regions.
As for users, NetSuite ensures a high level of data privacy, offering peace of mind to its clients. Whether you are a small startup or a large enterprise, you can rest assured knowing that your sensitive business data is safe with Oracle’s robust security measures in place. To help you get the most of your investment, NetSuite has a dedicated support team readily available to guide and help you troubleshoot any concerns or queries. Oracle NetSuite makes it easy for businesses to understand their operations in-depth, helping them to streamline their operations, and enabling them to grow and expand with confidence. Hopefully, this article has helped shed some light on "What is NetSuite?" and the benefits of integrating Oracle NetSuite's ERP solutions into your business' operations. With the right guide and support, NetSuite can indeed be a catalyst for your business' growth and success.
Exploring NetSuite: A Versatile ERP for Business Operations
At the heart of robust business management, NetSuite ERP stands as a pinnacle example of enterprise resource planning (ERP) software, designed to facilitate comprehensive operations for a company. This cloud-based business management platform is pivotal for businesses seeking a robust financial management solution that seamlessly integrates with other critical facets of enterprise control. As an ERP platform, it empowers platform users with real-time data management, ensuring that every business process is underpinned by data-driven insights. NetSuite's capabilities are extensive, encompassing everything from order management to cloud data integration. Its functionality as a business operations platform is renowned, providing an unyielding foundation for data center coordination and a suite of professional services.
NetSuite eases the strain of managing complex business landscapes, making it a favored choice for a variety of industries. For companies aiming to scale, the services NetSuite offers can adapt to the evolving demands of growth. A case study of NetSuite ERP's effectiveness would likely highlight how it centralizes business process management, giving users a holistic view of their operations. This, in turn, areas of improvement and revenue maximization chances. With its expansive cloud-based approach, platform users can access crucial information and services from anywhere, ensuring continuity and flexibility. For businesses enthusiastic about achieving streamlined and efficient operations, exploring the benefits of an adaptable ERP software like NetSuite is an essential step towards future-proof success.
How NetSuite Empowers Businesses with Integrated ERP Solutions
Oracle NetSuite serves as a multifaceted, cloud-based business management platform tailored to fuel business growth through its comprehensive ERP platform. By offering a suite of integrated solutions, NetSuite ensures that businesses have the tools necessary for efficient operations management. This unified approach to business management brings together various aspects of a business, from finance to customer relations, onto a single platform, thereby providing a customized solution tailored to the unique needs of each enterprise. Consequently, it's one of the most coveted management solutions in the market. Furthermore, as businesses scale, they require scalable solutions that grow with them. NetSuite's platform offers this adaptability, handling an increasing volume of cloud data seamlessly.
This agile ERP system streamlines processes, enhances data visibility, and caters the services NetSuite provides to support dynamic business models. Addressing the specific NetSuite uses, the platform covers everything from resource planning to real-time analytics, giving users a comprehensive overview of their business on one unified platform. While NetSuite pricing varies, the investment pays off in the efficiency and integration it offers. The solutions powered by NetSuite's platform are designed to centralize and manage all the critical operations of a business, reinforcing strategic decision-making supported by reliable cloud data, and ultimately propelling businesses towards their growth objectives.
But why is NetSuite referred to as a suite?
- NetSuite houses a set of critical business functions: eCommerce, CRM, HR, inventory, financials, and professional services automation.
- Regardless of your business industry, NetSuite modules allow you to operate more productively and efficiently in a modernized business setting.
Are you interested in a NetSuite demo?
Have questions about the integration process?
Curious about customizations?
Think you need a NetSuite project rescue?
NetSuite's Platform: A Unified Approach to Business Management
At the heart of Oracle NetSuite's offering is its unified approach to business management. As a cloud-based business management platform, NetSuite provides companies of various sizes, from small business to large enterprises, with an integrated ERP that consolidates all their operations onto a single, cohesive framework. This enables a business to break down silos and ensures that all data and operations are interconnected, fostering more informed decision-making. Particularly for small businesses, NetSuite serves as a robust financial management solution and sophisticated accounting software, rivaling standalone systems in depth and efficiency.
NetSuite pricing is geared towards delivering value by offering comprehensive and integrated solutions that span across different aspects of a company, including professional services, distribution, and much more. The platform's key features include real-time visibility into financials, inventory, CRM, and ecommerce, empowering users to steer their business with precision and agility. For a business committed to scaling and optimizing their operations, NetSuite’s ERP platform stands as a pivotal investment. Integrating operations provides businesses the leverage needed to outperform competitors, ensuring that every functional area operates in unison. Through this highly integrated approach, professional services, alongside other sectors, experience a boost in productivity and strategic alignment.
Uncover the Foundation of NetSuite's Operations: ERP's Role in Empowering Businesses
In the realm of global businesses, the effective utilization of software systems can dictate the trajectory of a company's growth. NetSuite, an Oracle product, functions as the benchmark for ERP platforms. The incorporation of ERP software, or Enterprise Resource Planning software, into NetSuite's operations has been instrumental in the amplification of the platform's capabilities, thereby empowering businesses on an unprecedented scale.
Recognized as a multi-faceted platform, Oracle NetSuite delivers a host of benefits to companies. Whether concerning streamlining processes, simplifying operations or facilitating global expansion endeavors, NetSuite stands as a comprehensive solution meeting an array of business needs. The ERP platform, a cornerstone in NetSuite's construction, provides the tools necessary for businesses to operate more efficiently and cost-effectively.
The comparative advantage of using the NetSuite's ERP software is manifold. Businesses integrating this platform into their operations not only benefit from consolidated business systems but also experience a surge in productivity levels and enhanced decision-making capabilities. A key feature of the NetSuite ERP system lies in its adeptness at providing a unified, real-time view of core business processes. The system equips businesses with intimate knowledge of the operational landscape, hence offering a competitive edge in the dynamic corporate world.
NetSuite stands apart from other software systems due to its high degree of adaptability. Given the platform's cloud-based architecture, it is not bound by the traditional constraints of on-premise ERP systems. Its expansive nature serves to accommodate businesses of various sizes and industries; from startups to large-scale global companies.
The role of ERP in revolutionizing the operations of businesses cannot be overstated. By ensuring the optimization of business processes, tracking and evaluating data, and enhancing overall productivity, ERP software has emerged as a truly empowering tool for businesses. The advent of NetSuite's ERP platform symbolizes a pivotal shift in the operational capacity of contemporary businesses. As companies strive towards enhancing operational efficiency and securing a robust bottom line, adopting a software system like Oracle NetSuite is an investment that yields exponential returns.
But that’s not all.
Here are some NetSuite benefits to expect:
- Cuts IT cost by half or more.
- Empowers employees to work remotely
- Allows you to take advantage of business-ready functionalities for B2B and B2C needs
- Speeds up your financial close process—20 to 50% faster
- Reduces order to cash cycles by over 50%
- Gives you the discretion to scale your business at your most preferred rate
- Lowers day sales outstanding (DSO) at a rate of 10 to 20%
- Gives your business an end to end visibility
- Allows you to create custom and personalized dashboards, workflows, among other things
But that’s the tip of the iceberg.
In the next few steps, we will dive into the NetSuite ERP, NetSuite CRM, Sales, and Marketing platforms, and where you can get help with your NetSuite.
But that’s the tip of the iceberg. In the next few steps, we will dive into the NetSuite ERP, NetSuite CRM, Sales, and Marketing platforms, and where you can get help with your NetSuite.
So what’s unique about NetSuite ERP?
Well, this cloud-based ERP solution enables your business to operate a particular set of functions proactively in one secured interface, as follows:
- Supply chain
- Order management
- Accounting
NetSuite uses its business intelligence (BI) features to deliver more
customized perceptions of KPIs (key performance indicators), better financial operations, and individual role reports. Moreover, NetSuite ERP aligns and boosts your business processes, develops real-time graphical reports, and uses forecasting tools. NetSuite CRM Sales & Marketing Solution This extensive
cloud-situated customer relationship management (CRM) software offers you a full and real-time perception of your customers, sales, and marketing activities.
With this tool, you’re able to monitor your full customer lifecycle by tracking every customer touchpoint—the leads, cross-selling, support, and opportunity.
Moreover, it blends your past and modern CRM capabilities, such as:
- Automation of SalesForce
- Automation of marketing efforts
- Customer service management
Furthermore, you get access to other functions such as commissions, integrated eCommerce abilities, quote delivery, order management, and sales forecasting.
Note: NetSuite will automatically integrate its functions with other NetSuite modules and ERPs.
As you work with NetSuite, you may need some assistance with it. So, where would you get that help?
SCG is a top customer-first-oriented NetSuite Solution Provider with a vast experience installing and personalizing NetSuite CRM, ERP, and modules. Moreover, SCG is a member of the NetSuite’s Commerce Agency Partnership program with the team in possession of multiple NetSuite certifications.But why does the company attribute itself as a customer-first institution?
Foremost, the company is a first-hand NetSuite consultant and end-user with its team, having served as NetSuite administrators and participated in its customizations, project rescues, and implementations.
With such a peculiar perspective, the SCG team can professionally view your projects and issues and secure a long-term solution for your enterprise. Some of the things to expect from us include the management and execution of an entire NetSuite implementation from legacy systems—Microsoft, Acumatica, Sage, and QuickBooks.
Understanding the Scope of NetSuite and Its
Impact on Businesses
NetSuite, a business platform developed by Oracle, is fundamentally shifting the way corporations operate. By enabling companies to manage their operations through one unified system, NetSuite has become an indispensable tool for businesses around the world.
At the core of NetSuite's capabilities lies its ERP software. ERP, or Enterprise Resource Planning, is a type of software system designed to integrate various business functions into one complete system. By doing so, businesses can significantly improve the efficiency of their operations.
NetSuite's ERP system is intuitive, robust, and fully customizable, making it a superior choice for businesses of all sizes and industries. By streamlining and automating various business processes, this software provides companies with the essential tools they need to drive growth, increase productivity, and respond effectively to the changing needs of their customers.
NetSuite not only provides businesses with the software and platform they need to manage their operations, but also offers an array of integrated services designed to support the varied needs of businesses. These services, ranging from eCommerce solutions to customer relationship management (CRM), collectively work to improve the overall performance of a business.
Another distinguishing feature of NetSuite is its strong emphasis on data-driven decision making. By offering powerful analytics and reporting capabilities, businesses can leverage the vast amount of data generated in their day-to-day operations to gain valuable insights. This ability to leverage data is a key factor that distinguishes NetSuite from other ERP platforms.
Moreover, the time-saving aspect of NetSuite should not be overlooked. By automating repetitive tasks and streamlining workflows, NetSuite allows businesses to allocate their resources more effectively. This in turn leads to significant improvements in operational efficiency, and therefore, sustainable growth.
Lastly, the scalability of NetSuite ensures that the platform can grow with your business. As your operations expand and the needs of your business evolve, NetSuite remains a reliable and efficient solution.
To sum up, the extensive features of Oracle's NetSuite coupled with its powerful ERP functionality, provides businesses, both big and small, with the tools necessary to drive growth, streamline operations, and maximize efficiency. As data becomes an increasingly important pillar of business operations, NetSuite’s ability to utilize this information effectively sets it uniquely apart.
So, if you're on the lookout for a comprehensive business platform to manage your operations and facilitate growth, NetSuite unquestionably merits your attention.
How Can SCG Help?
The Seibert Consulting Group is a NetSuite Solution Provider with a customer-centric approach and decades of proven experience implementing and developing customizations for NetSuite ERP, CRM and all other NetSuite modules.
We are also members of NetSuite’s Referral Partnership program and our team has a myriad of NetSuite certifications.
Our customer-first mentality is largely due to the fact that we have first-hand experience as NetSuite end users and consultants. We have served as NetSuite administrators, and we’ve performed implementations, customizations and project rescues. This unique perspective allows our team to view projects and issues from every angle so we can find the appropriate long-term solution. We also provide ad hoc support on an as-needed basis.
Our team will manage and execute the full implementation of NetSuite from your legacy systems such as QuickBooks, Sage, Microsoft, Acumatica, or others. We will help your organization identify key business requirements, implement NetSuite to meet your business needs, perform system acceptance testing, and lead your organization through a successful NetSuite go-live. We will ensure NetSuite is a scalable solution that will support your business through all stages of growth.
Customer Experiences Transformed: NetSuite's Unique Approach to Business ERPs
Over time, NetSuite has carved out a compelling niche in the burgeoning ERP market. NetSuite's software uniquely transforms the customer experience by streamlining business operations. Their approach to ERP is unique, encapsulating the full range of services expected from premium ERP solutions. Features such as advanced support for complex data operations, meticulous reporting, and user-friendly interfaces are all integrated seamlessly within this advanced ERP software.
NetSuite's ERP caters to diverse businesses scaling from small to medium-sized companies up to large enterprises. The adaptability of NetSuite's software appeals to users seeking a comprehensive business solution that's both powerful and straightforward. It provides complete visibility into real-time data, enabling companies to make better informed, strategic decisions that align with their business objectives.
Beyond just providing the software, NetSuite's support services ensure users can utilize the software to its full potential. Users gain access to a vast library of resources, tutorials, and guides, providing top-notch customer service and sustaining a high level of customer satisfaction. With NetSuite's ERP, businesses can set aside limited software functionality and data-related challenges. They are empowered with a solution that addresses these issues and additionally, offer transformative features.
Exemplifying this, are NetSuite's advanced features, all of which provide businesses with valuable benefits. This includes dynamic reporting features, allowing live tracking and monitoring of key performance indicators. Having this capability allows businesses to maintain a pulse on their operations, ensuring smooth functioning across departments.
Furthermore, NetSuite's ERP is lauded by its customers for its malleability. The software can be tweaked to suit the specific needs of the company, the industry it belongs to, and the regulations it has to comply with. By doing this, NetSuite empowers users to engineer the software to mirror their business model closely, therefore making operations more efficient and effective.
In conclusion, the unrivaled prowess of NetSuite's software has deep ramifications on businesses and their customer experiences. By availing themselves of NetSuite's gleaming features and robust ERP solution, companies can elevate their business operations and ultimately, their bottom line.
NetSuite Modules We Work With
NetSuite ERP Standard
- Order Management
- Accounts Receivable
- Purchasing
- General Ledger
- Credit Cards, ACH, EFT
- Bank Management
- Multi-Currency & Multi-Language
- Item & Inventory Management
- Project Management (Limited Capability)
- Employee Center (Time/Expenses)
NetSuite Services Resource Planning (SRP)
- Project Management
- Resource Allocation
- Job Costing
- OpenAir
Financial Management
- Fixed Assets
- OneWorld
- Advanced Financials
- Advanced Revenue Management
- Multibook Accounting
- SuiteBilling
- Oracle Planning and Budgeting Cloud Service (PBCS)
Inventory & Manufacturing Management
- Advanced Inventory
- Advanced Procurement
- Warehouse Management (WMS)
- Work Orders & Assemblies
- Manufacturing WIP & Routing
- Advanced Manufacturing
- Demand Planning
Human Capital Management (HCM)
- SuitePeople
- Premier Payroll Service
Ecommerce & Retail (Omnichannel) Management
- SuiteCommerce Basic
- SuiteCommerce Standard
- SuiteCommerce Advanced
- Purchasing
- Advanced Order Management
FAQs
What does NetSuite's non-integrated shipping functionality imply?
NetSuite's non-integrated shipping functionality implies that users have the ability to generate their shipping labels internally without relying on automated systems. Additionally, users can directly engage with carriers for shipment coordination. Tracking numbers and shipment weights are manually managed by users within this non-integrated system. Moreover, users are enabled to print labels specifically for sales orders, indicating a degree of customization and control over the shipping process.
What are the NetSuite lead creation and lead conversion processes?
The NetSuite lead creation process typically begins after a product is developed or a service is made available to customers. This process involves offering products or services to potential customers to encourage them to try them out and eventually become regular users. On the other hand, the lead conversion process in NetSuite may be executed in two main ways. Firstly, leads can be converted automatically within the system based on specific criteria when estimates and sales transactions are entered. Alternatively, users can opt for a manual lead conversion process, which involves clicking a designated button on the lead record to initiate the conversion steps. This manual approach is often favored by sales organizations and business-to-consumer enterprises.
What is NetSuite ERP, and how does it work?
NetSuite ERP is a comprehensive solution that offers real-time accessibility of data regardless of location. It is equipped with robust features, powerful business intelligence tools, and a user-friendly interface. This software integrates core financial and accounting functions, enabling businesses to streamline operations efficiently.
By leveraging NetSuite ERP, organizations can manage various aspects of their operations, such as financials, accounting, customer relationship management (CRM), human capital management (HCM), inventory management, supply chain management, order management, procurement, and project management effectively. The cloud-based ERP modules provided by NetSuite enable businesses to centralize and automate key processes, improve efficiency, and drive growth by providing a unified platform for managing and optimizing various facets of their operations.