Why businesses choose NetSuite’s Starter Edition

Why businesses choose NetSuite’s Starter Edition

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NetSuite Starter Edition, the ideal solution & investment for every business

Starting a business is a huge milestone and it always comes with many challenges during its early stages. When it comes to ERP systems, every business often tends to opt for the cheapest business management solution. For instance, during the initial stage, a business may choose Microsoft Excel to manually operate its entire business on spreadsheets. But as the company grows, the business then starts to look into alternatives to replace their spreadsheet-based business management system as it becomes difficult to log in to every activity of a growing business. These alternatives can be QuickBooks or FreshBooks etc. Later on, you can see your business adding additional management systems to better manage their CRM, Project Management, Ecommerce activities etc. as solutions like QuickBooks/FreshBooks do not come with the above-mentioned functionalities.

However, such an approach leads to many problems which can hinder the productivity of your company. Problems like duplicate data entry, mismanaged roles, lack of visibility, lack of project management control etc. are just some crucial issues that businesses with multiple management solutions face. In the ERP sector, this type of solution is regarded as a “hairball solution” as every system operates on its own with little to no system integrations.

When companies think that they do not qualify for an ERP system yet, we like to ask 3 basic questions to gauge the need for an ERP system.

  1. Is your business productivity down?
  2. is there a lack of visibility into your business processes?
  3. Is managing multiple systems becoming a burden and increasing costs?

If you answered YES to any of the 2 questions above, it’s time to look into a holistic ERP solution like NetSuite.

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For growing businesses, NetSuite introduces its Starter Edition which is an ideal solution for businesses with preferably less than 10 users. The Starter Edition utilizes the most common industry functionalities and uses pre-configured KPIs, workflows, reminders, dashboards and reports for the most common roles in your company to create a desired ERP system within 100 days. The base approach of NetSuite SuiteSuccess Starter Edition is to utilize the most important industry approaches at the start to create a system that is not only fully functional but also provides a strong foundation for limitless system scalability and integrations at a reasonable cost. So you don’t run into the issue of outgrowing your NetSuite system even 10+ years from now!

NetSuite SuiteSuccess features

Our client’s successful NetSuite customization project ensures that their business is operating in a healthy and efficient state. They can now utilize the customizations and automation implemented to decrease manual processes and have the ability to focus on other pressing tasks. Now with the manual process of tracking commission automated via NetSuite, the company saves on average 4 days each month all due to process automation. These types of automation track purchase dates and sold dates of inventory and products.
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NetSuite SuiteSuccess Starter Edition pricing:

Benefits of NetSuite SuiteSuccess Starter Edition

Get rid of time-consuming manual processes

On average, an employee would spend up to 20% of their time on manual processes which can be automated with NetSuite. For growing businesses, this percentage can cause a drastic effect on productivity. NetSuite can automate many processes, for instance, one can automate its entire Accounting department with NetSuite to avail the following benefits.
Similarly, many other departments can be automated with NetSuite which ultimately increases the productivity and efficiency of your company.

Real-time visibility

Having access to crucial company information is vital to make data-driven decisions. Managers and Higher-Ups in the company must have constant access to information like the value of outstanding receivables, key KPIs, most selling products, inventory demand forecasting, customer queries and more. NetSuite can easily provide a complete picture of your business operation and its status on its dashboard. NetSuite’s Starter Edition comes with 95+ pre-built industry-specific reports and role-based dashboards to provide the necessary information right at your fingertips.

Lower IT maintenance costs

Many companies try to avoid an ERP system for its implementation cost. So, they opt for multiple small business management solutions that are specific to each department. However, every system has its licensing fee, maintenance fee and integrations fee among more. This collection of multiple management systems, therefore, tends to become a costly alternative to an ERP system like NetSuite.

When businesses opt for NetSuite in the beginning, they get a system that stays UpToDate and can handle every business department from NetSuite itself. So, say goodbye to multiple management systems, broken integrations and costly IT maintenance costs.

An affordable ERP system

Unlike many other ERP systems which generally need to be purchased in full, NetSuite in contradiction operates on a pay-for-what you need basis. What this means is that companies can opt for modules they might need in specific which keeps the implementation costs far cheaper than any other ERP system. As your company grows, you can keep adding additional modules and functionalities as required.

Such an approach helps to create a concrete foundation that eliminates the need for additional 3rd party applications.

A Better Alternative To Magento- NetSuite SuiteCommerce – A complete eCommerce Solution

A Better Alternative To Magento- NetSuite SuiteCommerce – A complete eCommerce Solution

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The eCommerce landscape is constantly growing and adapting to new business practices and new products. Factors such as growing high-volume online stores and improving customer experiences demand a management system that can be sustainable in this ever-changing industry. For years, Magento has been one of the industry favourites, due to its functionality and pricing bracket. However, the latest version released has not been well received by users. Software functionality is crucial for eCommerce business’s to succeed which is why many original Magento users are now looking for a change with their eCommerce platforms and are exploring options that offer a broader look into their cloud infrastructure. NetSuite’s eCommerce cloud solution, SuiteCommerce has begun to capture the attention of those on the market for a new eCommerce platform. Below we will go in-depth on the major differences and why SuiteCommerce should be implemented to your organization’s eCommerce site.

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Magento vs NetSuite SuiteCommerce

Although similar, there are major differences in Magento and SuiteCommerce, mainly in the features they provide. Magento is one of the world-leading eCommerce solutions which provides almost all the needed features, such as order fulfillment, shopping cart management, website management, and additional features in the digital marketing spectrum. While Magento solely focuses on eCommerce management, NetSuite’s eCommerce solution SuiteCommerce has the capability to provide that and more. Features such as direct integration with ERP, POS, CRM, and inventory & warehouse management, all in one single platform.

Magento vs SuiteCommerce – User Experience

When doing a comparison between Magento and SuiteCommerce, user experience is the most distinct. What Magento lacks is the consistency that SuiteCommerce provides. Magento’s infrastructure requires more upkeep, such as major upgrades and regular maintenance. All the frequent required updates can add up totalling additional operational costs than transferring systems. Although Magento has significant troubleshooting needs it also has many plug-ins available allowing for some versatility. In comparison, SuiteCommerce, offers a more seamless experience, especially when integrating other components such as ERP, POS, and CRM functions. By implementing SuiteCommerce, maintenance is less required as its updates are backward compatible.
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Magento vs NetSuite SuiteCommerce – Scalability

As previously mentioned, companies look for systems that can sustain their eCommerce growth, both from online traffic and business growth. A system must hold the capacity to grow its teams, products, orders, and processes. An example that can be considered is, expanding into different countries and whether the system can function in the countries home language. Magento does offer varying different business applications and plug-ins that you may use but SuiteCommerce offers easier adaptability because it is able to manage future ventures such as overseas growth making it the software powerhouse in the market.

Upgrade your E-commerce software solution with NetSuite

As mentioned before, NetSuite software is an all-in-one business management software. NetSuite offers 3 solutions for E-commerce management. As a side note please note that these solutions are not sold individually but have to be opted along with NetSuite ERP. Another benefit of NetSuite E-commerce is that it can be easily integrated with your NetSuite ERP and CRM.
Similarly, many other departments can be automated with NetSuite which ultimately increases the productivity and efficiency of your company.

What is NetSuite SuiteCommerce Builder

SuiteBuilder is one of NetSuite’s oldest E-commerce product that was developed over 10 years ago. Today, SuiteBuilder is available for licensing, however it is not recommended to implement it due to its limited functionality.

What is NetSuite SuiteCommerce Standard

SuiteCommerce Standard was developed to replace NetSuite’s SuiteCommerce Builder. SuiteCommerce Standard utilizes a template-based approach to make it easy for the end-user to make adjustments in their E-commerce. If your company has a simple product inventory with manageable inventory levels that aren’t too complex along with an easy checkout process, the SuiteCommerce Standard Solution is the probably the way to go.

What is NetSuite SuiteCommerce Advanced

NetSuite Suitecommerce Advanced is NetSuite’s E-commerce solution for businesses operating in multi-channels like in-store shopping, E-commerce etc. The SuiteCommerce Advanced solution can easily operate with multiple brands, establish matrix items, in multi-language and currency from a single platform itself! Companies can even customize their shopping and checkout experience with SuiteCommerce Advanced.

ERP Buddies always recommends the SuiteCommerce Standard edition for startups and small businesses as it’s easy on the cost and allows for an easy template-based approach that fits the true omnichannel needs of almost every company. NetSuite e-commerce also provides custom integration capabilities. To get a complete view, we encourage you to talk to our experts who can explain which edition can best fit your needs.

The Verdict: Magento vs NetSuite SuiteCommerce

Although Magento has a well-respected reputation in the past, new factors have come up with its latest updates that have made their original customers reconsider. Omnichannels require intuitive systems that can withhold future growth, offer integration, and manage a business ecosystem requiring an all-in-one solution. These points are the reason why we believe that NetSuite’s SuiteCommerce is the tool for eCommerce that everyone must implement for seamless integration. For more information about NetSuite’s eCommerce platform inquire within our expert team at ERP Buddies, cloud providers for a stronger community presence.

4 Rapid changes driving demand for NetSuite Implementation within the Transportation, Logistics and Freight forwarding Companies

4 Rapid changes driving demand for NetSuite Implementation within the Transportation, Logistics and Freight forwarding Companies

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NetSuite implementation for Transportation, Logistics and freight forwarding businesses

In the past year, the transportation and logistics industry has experienced a massive shift in its supply chains. With growing competition and new demands, new technologies have caused dramatic changes that offer improved quality services. Of course, logistics and transportation companies everywhere must be up to date on the latest trends to satisfy their customers. Transportation & logistics companies have experienced a great impact throughout these last few years due to the increase of demand from online sales, as we learn to adjust the COVID-19 impact on our everyday routines. Supply chain management systems were tested fuelling the need for change as instant real-time visibility, business intelligence, and data-driven insights became priorities in the market. With expert advice from ERP Buddies, these are the transportation and logistics industry insights and trends that business professionals should know about.
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eCommerce Growth

As previously mentioned, there has been continuous growth in the last five years in eCommerce sales. This has only grown during the pandemic due to closures of retail stores causing a significant change to consumer behaviour and routines within our society. Not only that but, the accessibility to technology such as smartphones has made it that more convenient to make purchases remotely. The modern consumer has slowly been trained to enjoy such luxuries of express delivery, therefore factors such as maintaining travel time to a minimum have become crucial to the freight industry.

Automation of Services

Included in the major trends in the transportation management industries is automation. Throughout industries, there has been a big shift to automation with logistics and transportation being driven by this trend. Technology such as drone delivery has already been explored by retailer giant Amazon, who are pioneers in digital innovation landscapes. Other ventures that have also been catching the attention of transportation businesses are self-driving cars which is a technology that can potentially transfer to fleets, innovations to sensor technology have been the motivation for new technologies such as these to be possible.
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Real-time Visibility

Transportation and logistics businesses need to meet the capacity to oversee their freight transportation. Industry professionals seek to have optimized visibility to tend to business responsibilities such as multi-location planning. Therefore, factors such as instant real-time visibility for fleets and other items in transit become a high priority. This can also aid in minimizing losses. Tracking technology adoptions can be heavily seen and is among one of the major logistics trends in transportation.

Cloud-Based Systems

One of the biggest innovations to systems in the transportation and logistics industry is the increased adoption of cloud systems. NetSuite Cloud ERP is a platform that has the capabilities to streamline work processes thus allowing team members of different departments to communicate effectively. Tasks such as inventory management, product demand, supply chain, and sales can all be gathered into an all-in-one system that every employee can access. Cloud systems such as NetSuite provide the support for businesses to operate under a software-as-a-service (SaaS) model where businesses can gain opportunities for more innovation in digital resource usage.
Recognizing the up-and-coming trends in your industry is crucial to stay up to date. Shifts in our everyday climate also have a great impact on this as mentioned above. Inquire our industry experts at ERP Buddies about whether your business is ready to make changes to its business functions, and sustain the growth that is occurring within the transport industry.