NetSuite has seen significant development in recent years. It is a publisher of cloud-based business applications software intended to help SMB and Mid-market businesses manage their operations from a single platform.
To understand “What is NetSuite,” in terms of the software application and the company, as well as why we believe it to be the greatest option for many businesses, it may be necessary to take a brief history lesson.
A Quick History Lesson on NetSuite
Evan Goldberg launched NetLedger, the company’s original name, before changing it to NetSuite, in 1998. At the time, it provided web-hosted accounting management software. NetSuite was the first cloud computing software provider, commonly acknowledged in the sector, even emerging approximately a month before Salesforce.com.
In July 2002, Zach Nelson joined NetSuite as CEO and guided the business as it grew from $1 million in yearly sales to a $1 billion run rate until Oracle acquired it in July 2016.
Before founding and running NetSuite, both Evan Goldberg and Zach Nelson had previously worked for Larry Ellison (the co-founder and CTO of Oracle). In reality, Larry Ellison contributed $125 million in 1998 as one of the company’s earliest major investors in NetSuite.
NetSuite has purposefully carried on to run as a distinct Global Business Unit (GBU) with most of the original management team after the Oracle acquisition in July 2016.
The Evolution of NetSuite
Organic growth has been primarily responsible for developing NetSuite’s primary product line. But during the past ten years, there have been a lot of significant acquisitions in the automation of professional services, retail, manufacturing, and eCommerce.
NetSuite Purchases
- 2008: Professional Service Automation (PSA)
- 2009: Professional Service Automation with QuickArrow (PSA)
- 2013: Point of Sale Anywhere Retail (POS)
- 2013: TribeHR’s Human Capital Management (HCM)
- 2013: Content management system LightCMS (CMS)
- 2014: Venda – Ecommerce Software
- 2014: Advanced Warehouse Management from eBizNET solutions
- 2015: Marketing automation software from Bronto Software
- 2015: Monexa – Software for Subscription Billing
Products From NetSuite You Can License:
Five primary kinds of software solutions from NetSuite are available for subscription licensing.
- NetSuite ERP offers assistance for back office operations through enterprise resource planning (ERP). This comprises programs for procurement, order management, item & inventory management, and financial management. Over 40,000 clients worldwide utilize NetSuite’s ERP solution, which has long been hailed as a pioneer by industry analysts, including Gartner, Forrester, and CODiE.
- Customer relationship management (CRM) – NetSuite CRM offers native integration with NetSuite ERP and includes sales force automation, marketing automation, commissions management, and partner relationship management.
- eCommerce – SuiteCommerce, a platform for online e-commerce and point-of-sale (POS) applications in-store-0s, is a product of NetSuite that supports both B2B and B2C business models. Over 1,600 companies already use NetSuite SuiteCommerce.
- Professional Services Automation (PSA) – NetSuite PSA offers assistance to firms that are based on professional services and need to track and manage employees, project time and expenses, and full project accounting. For businesses looking for a PSA solution, NetSuite offers two products: OpenAir and NetSuite PSA.
- Enterprise Performance Management (EPM) – Oracle NetSuite Planning & Budgeting Cloud Service (PBCS) enables finance organizations to simplify the budgeting and forecasting process. It also carries out complex business logic to provide instant analysis and reporting with close Microsoft Excel integration.
Reasons Why We Adore NetSuite
NetSuite ERP software and our experience as a top NetSuite Solution Provider generate enormous value for our clients and partners. Nothing else on the market can deliver reliable, scalable, and closely integrated solutions supplied in the cloud as a NetSuite system can. NetSuite might be a good fit whether your business has 10 employees or 1,000.
Top 4 Reasons SCG Team Recommends NetSuite:
- The NetSuite Platform: The SuiteCloud platform may be used to construct NetSuite connectors, implement simple to complicated NetSuite customizations, and produce new NetSuite applications.
- Integration with other top software programs is made simple by NetSuite’s comprehensive APIs, which may be used either directly or indirectly through a connector or integration platform (iPaaS). We’ve completed numerous standard NetSuite connections, including those with Magento, Salesforce, and many more.
- NetSuite is a perfect fit for a wide range of sectors and business sizes due to the breadth of its features and advantages. With a single code base and ERP product, NetSuite offers feature-rich capabilities out of the box for businesses in the software, wholesale distribution, manufacturing, professional services, nonprofits, and retail/eCommerce sectors. Need proof for yourself? CONTACT US FOR NETSUITE DEMO!
- Pricing & Delivery Methodology for NetSuite: The days of pricey on-premise perpetual software license agreements and protracted ERP implementation processes are long gone. SCG Team can offer our clients a finished NetSuite ERP deployment in just 100 days, thanks to the SuiteSuccess approach. Additionally, the NetSuite price structure is modular by design, allowing users to license what they require at the time of need.
In 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 at hello@seibertconsulting.com and via our direct line at 760-205-5440.
