Benefits of NetSuite ERP

Table of Contents

The benefits of NetSuite Cloud solution for your business are many, but many often fail to understand them. Companies think an ERP software (Enterprise Resource Planning) can be avoided to save costs on their business challenges as their business doesn’t qualify to be an “enterprise” yet. Despite the name, every company can benefit from an ERP system as it’s designed to be customized to suit every business operation, no matter its size, workforce or locations.

What's an ERP system & what are its benefits?

An ERP system is designed to streamline the work process within the industry by allowing all departments to be in synergy with one another. NetSuite Cloud ERP will allow organizations to track and share order-related data like production, sales orders etc. with internal employees and with external factors like vendors, contractors and suppliers as well. Work processes like, handling inventory, product demand, supply chain and sales can be gathered within a single system that can be accessed by every employee no matter where they are. This is due to the fact that NetSuite abides by the highest accessibility standards.

blog5-img

What’s an ERP system & what are its benefits?

An ERP system is designed to streamline the work process within the industry by allowing all departments to be in synergy with one another. NetSuite Cloud ERP will allow organizations to track and share order-related data like production, sales orders etc. with internal employees and with external factors like vendors, contractors and suppliers as well. Work processes like, handling inventory, product demand, supply chain and sales can be gathered within a single system that can be accessed by every employee no matter where they are, as ERP software abides by the highest accessibility standards.

Oftentimes, companies from various industries will ensure that their important departments are in line with one other, but departments like Marketing and Sales often get ignored. In order to ensure unity among the workflow, a system like NetSuite can be enabled to track data like sales, orders, customer data and product recall for better customer service which will help the Sales and the Marketing department. This vast ocean of information allows the specified individuals in developing better sales and marketing strategies while taking current data into consideration and that’s one of the crucial benefits of NetSuite Cloud ERP

When an ERP system, like NetSuite, is enabled within a company, communication becomes easy and all the activities stay within the loop at all times while avoiding the risks of crucial data being overlooked.

Such a NetSuite implementation allows firms to establish high standards of customer/ vendor satisfaction and order completion among many while reducing unnecessary costs so the firm can focus on gaining new business while retaining existing customers in a modernized way.

As the benefits and features of NetSuite Cloud ERP far outweigh the costs of its implementation, it’s therefore common to see every company undertake the implementation of a NetSuite ERP.

Here are some of the benefits and features of NetSuite Cloud ERP for your business

NetSuite ERP For Order Fulfilment

  • Streamlining business processes is the core of an ERP system. Providing information like product demand, supply chain and vendors ensures the order fulfilment process goes smoothly from start to the finish.
  • When such information is readily available, your business can function seamlessly without having to run into the risks like a lack of product to meet the high demand.

NetSuite ERP For Automating work processes

  • An ERP system like NetSuite can automate various business processes like creating billing inquires, product specifications and managing vendor lists. By automating most processes, businesses save money and time which helps to allocate time to the resources that need utmost attention. This helps your users/employees to prioritize their tasks.
  • It offers the highest customization options, every business can determine for themselves the type of work they want to be automated.
  • ERP Buddies Inc. takes an in-depth look into your organization to provide the best NetSuite recommendations for better business management to cut down labor costs and improve productivity.

NetSuite ERP for tracking order/product and shipping data

  • Many businesses often deal with the management of order placement, shipment and delivery while keeping accurate levels of inventory in stock.
  • Due to this, tracking such information will always involve keeping your vendors and receivers in the loop. NetSuite can be customized in a way to allow tracking your product while it gets shipped out of your warehouse to the point where it is accepted by the vendor and later till it gets to the rightful owner.
  • This high transparency minimizes room for human error ultimately saving time, money and reputation of the business.

NetSuite ERP for gaining complete visibility

  • As stated earlier, an ERP system can enable departments to be in synergy with one another. A steady flow of information will help departments like Sales and Marketing to predict future needs and to tweak existing marketing efforts aiding in improving the growth of the company.
  • NetSuite integrations help businesses to keep their other systems in line with each work function and help the higher-ups to get data-driven insights. As an example – an integration between Salesforce and NetSuite provides a complete view of your ERP system and CRM. Similarly, NetSuite can be integrated with many applications like Magento, Autodesk, Asana etc.

NetSuite ERP For delivering Superior Customer Service

  • When your customer service team has access to information of order details like shipping, product returns etc. they are able to assist customers with queries in the best possible manner. The team will be able to provide important data like ETA, any foreseen circumstances that may occur and so on.
  • With a well-established ERP system, the information will be up to date, allowing to predict future changes and demands smoothly.

NetSuite for Accounting and Financial management

At the very core, NetSuite is robust accounting software. NetSuite also contains many core financial reporting capabilities that can showcase real-time visibility. Some features include:
  1. Billing
  2. Financial planning
  3. Financial reporting
  4. Governance, Risk and compliance

NetSuite Customer Relationship Management CRM

NetSuite contains a robust Customer Relationship module that comes with many intuitive features. Some functions include:
  1. Salesforce Automation
  2. Reporting and analytics
  3. Cross-sell, Upsell, quoting and order management
  4. Sales forecasting
  5. Customer service
  6. Customer Support
  7. Lead management
  8. Manage customer relations via phone

NetSuite for Human Capital Management

NetSuite contains an all-in-one human capital management (HCM) module called as SuitePeople. SuitePeople streamlines the entire employee handling, information processing, new hire management, onboarding and more

Some functions include:

  1. Payroll management
  2. Time off management
  3. Expense management and more.

In order to figure out the benefits of NetSuite Cloud ERP implementation for your brand, try out our FREE ASSESSMENT or simply leave a message. As NetSuite is a highly customizable platform, it’s common to see many companies implement additional modules to meet their business needs.

ERP Buddies takes pride in creating customized solutions that revolve around your brand and its needs.

ERP Buddies specializes in providing customized NetSuite ERP solutions to your brand that are unique to the goals of your organization.

ERP Buddies Inc. has had the opportunity to work with businesses to streamline their workflow by providing data migration services and specializing in unifying various cloud systems into one via NetSuite ERP integrations.