Running a software company can be quite different from running an ordinary B2B or B2C enterprise. A software company can be very volatile and agile because the clients’ requirements are always iterative. The industry too is full of upgrades and advancements that may change the entire implementation process. Therefore, the biggest challenge when it comes to running a software company is ensuring that the clients’ changes are always encompassed during the System Development Life Cycle (SDLC).
Software also changes and needs to be upgraded periodically. An example of this is software like Magento which has a latest version called Magento 2.0. With such changes that come in an attempt to align with the industry standards, Software firms have the challenge to cope with the industry dynamics as well as maintaining the company with profitable margins.
In order to ensure that the adaptability and profitability of your business is enhanced, software firms need to embrace Oracle NetSuite because of the following reasons:
1. All-In-One Cloud Solution With Unlimited Scalability
Oracle NetSuite is an ERP solution completely based in the Cloud and offers various functionalities as well as modules in one suite. With its ability to offer services in the cloud, software companies can optimize their profitability without having to incur extra costs on infrastructure. Oracle NetSuite eases the way businesses are managed because all operations such as management of employees and their salaries, business intelligence, reviews of a project as well as reporting are done on a single dedicated dashboard.
2. Automatic Subscription Management
The latest NetSuite 2021 Release 2 allows software firms to automate all the features of subscriptions and set the software business to run on autopilot mode. As a software firm selling crucial services such as activation or deactivation of accounts and programs simultaneously, you can automate the entire process. As a result, you can enhance your firms’ productivity and dedicate more time to the key software skills such as programming, launching new and exciting programs.
3. Financial and Tax Updates Are updated
It can be a bit complex to comply with all the legal tax rules and regulations of the states in which your business is being conducted. Normally, software firms would have to take a considerable amount of time to ensure that they have followed all the requirements of different nations and states. With Oracle NetSuite, businesses have a chance to make the process of tax calculation, reporting, filing, and auditing automatic. In addition, NetSuite offers accurate calculation of tax data and a real-time view of your business operations.
Conclusion
Taking Your Business to the next step can only come to reality if you have the right expertise to deliver outstanding solutions. At Seibert Consulting Group, we specialize in delivering modern solutions to businesses that aim at taking full advantage of the eCommerce platform. We always customize our solutions to align with Your Business requirements and goals. Let’s start talking about your project and find out how we can help your business grow. Get in touch with us via our chatbot or email hello@seibertconsulting.com and via our direct line at 760-205-5440.
