NetSuite ERP for Startups, Small and fast-growing Businesses

NetSuite ERP for Startups, Small and fast-growing Businesses

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Opting NetSuite ERP software for Startups, New or fast-growing companies is one of the best decisions an organization can undertake. Improved internal visibility, process automation, streamlined departments, and better inventory control are just some of the benefits of implementing NetSuite ERP. So, an ERP (Enterprise Resource Planning) software system like NetSuite isn’t just handling the functional aspects of a business, but in a nutshell, it essentially interconnects all business functions across the company with its intuitive cloud-based ERP software functionality So, when businesses choose NetSuite software, they are not just incorporating the functional aspects of an industry but also the business intelligence metrics and business insight aspect as NetSuite handles the multi-legislative consolidation that a company demands. Starting off, let’s understand the need for:

Why Startups, Small and fast-growing Businesses need an ERP software like NetSuite

Currently, NetSuite ERP (Enterprise Resource Planning) is regarded as the best ERP. Operated by more than 20,000 + customers across 200 + countries, NetSuite ERP unarguably becomes the #1 Cloud ERP businesses opt for when they are looking for a business management solution encompassing Financial management, Accounting, Inventory Management, Product Management, e-Commerce, Customer Relationship Management (CRM), Supply chain and more.

Oftentimes small business departments like Sales, Accounting or Marketing operate using a system that they are most comfortable with. This often leads to the use of multiple business management software, big rows of spreadsheets and inaccuracy that affects your company’s data integrity.

This usage of multiple business management systems is not a solution, but a problem in 2021. On the other hand, businesses who choose cheaper ERP alternatives like QuickBooks or Sage Intacct later run into scalability issues as these alternatives are not customizable to fit the needs of a growing company. Therefore, we then see companies finally making the switch to a complete cloud-based, fully customizable ERP which is NetSuite. This leads to unnecessary wastage of money which could’ve been avoided if they implemented NetSuite right from the start to see consistent powerful benefits.

Therefore, choosing NetSuite for startups and small business becomes a valid choice as it drives value and future-proof businesses with its unique capabilities. This ensures your higher-ups that their investment remains valid for any optimizations/customizations that may arise even 10+ years from now.

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PS: Every module also contains an Advanced Module within itself that is created to cater to the advanced needs of some companies with large volumes and complex custom requirements.

Some of the advanced modules would be:

  1. Advanced Order management
  2. Advanced Procurement Warehouse management

Why use NetSuite for Startups, Small and fast-growing Businesses?

In current times as work from home becomes more prominent, the need to operate from the cloud becomes necessary. NetSuite ERP operates fully from the cloud, giving your employees access to company data anytime, anywhere, so your team can focus on actual growth rather than managing data. Due to this, companies tend to reduce their IT spending significantly as they operate entirely from NetSuite

NetSuite ERP is equipped with limitless customizable capabilities, so your company can essentially develop a system based on its needs & goals. Within NetSuite, companies can choose their modules as required. For example, if a business is looking for financial management they can opt for modules like Advanced Financials, Accounting, Advanced Revenue Management (ARM), SuiteBilling, Oracle (PBCS) Planning & Budgeting Cloud Services, Fixed Assets, Revenue recognition and more. Similarly, if a company only requires full-fledged inventory management they can opt for Procurement and Demand Planning modules or opt for NetSuite’s warehouse management system.

The bottom line is that companies can choose any module as they require. Every company can optimize their NetSuite capabilities later by adding additional modules in the future as its company continues to scale and aim for long-term growth.

Types of NetSuite Modules with unique capabilities that are available to choose from:

SuiteSuccess for Startups, Small and fast-growing Businesses

Sometimes small business owners don’t want to spend too much time deciding which modules to include rather they want a system that can quickly get running. For such companies, ERP buddies offer NetSuite’s SuiteSuccess implementation.

A NetSuite SuiteSuccess implementation is fairly easy as it uses pre-set reports, work roles, KPI’s and dashboards based on the most common industry functionalities. The main goal of this implementation is to provide a go-live within 100 days. ERP Buddies experts will carefully analyze your business operations and requirement and suggest if a SuiteSuccess implementation is recommended or not.

E-commerce software solution with NetSuite for Startups, Small and fast-growing Businesses

As mentioned before, NetSuite software is an all-in-one business management software choice for Startups. One of its modules includes complete management of your E-commerce from NetSuite. 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 as a complete solution. Another benefit of NetSuite E-commerce is that it can be easily integrated with your NetSuite ERP and CRM.

What is SuiteCommerce Builder?

SuiteBuilder is one of NetSuite’s oldest E-commerce products 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 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 probably the way to go.

What is SuiteCommerce Advanced?

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 allows for an easy template-based approach and fits the needs of almost every company. To get a complete view, we encourage you to talk to our experts who can explain which edition can best fit your needs and overcome your business challenges.

How can Startups, Small and fast-growing Businesses save money on NetSuite licensing?

It is obvious that your business transformation will be exponential over the years and you wouldn’t be able to operate in the same way as today. And as NetSuite is a highly scalable ERP system, it can easily encompass your future needs with some NetSuite optimizations/customizations.

Business owners can save money by opting for a multi-year NetSuite licensing contract. This contract is beneficial as it locks the licensing costs for the entire term that is signed for.

How much does NetSuite cost for Startups, Small and fast-growing Businesses?

NetSuite’s limited edition can be opted for by small businesses if they want to implement NetSuite. This NetSuite edition can be upgraded to the next tier as the company scales. The NetSuite pricing for a company will depend on company size and requirement. ERP Buddies can provide price comparisons to help you make a better decision.

So, why would Startups, Small and fast-growing Businesses consider NetSuite ERP software? Read below!

The current management system won’t expand

If your startup, small and fast-growing business is having rapid growth but you do not have a clear image of which department needs expansion, then it’s a vital sign that your business needs NetSuite ERP. Business owners must know where the profits are coming from so the processes can be mended in a way to churn more profits. With NetSuite ERP, this becomes a possibility as it can be customized to fit your expansion needs and business goals.

Little to no control on current business processes

If your business still operates on manual processes in 2020, you automatically become prone to inaccuracies, duplicate data and so on… A single solution like NetSuite will ensure that your data integrity remains at an all-time high and acts as a business accelerator.

Reporting on key business process with reports/analytics is time-consuming

When you operate on old systems with manual processes, you do not get a full view of your company, leading to a lack of visibility and accountability which affect decision-making. With NetSuite ERP’s intelligent real-time business reporting and analytics software, you get access to up-to-date reporting functions that will help increase visibility into areas of improvement. Users can also create custom reports with specific data.

NetSuite is well-recognized for showcasing real-time visibility into your business operations that can provide a wide range of data that can help to achieve multiple business benefits. When such real-time insights are readily available, businesses can then cater to the rising growth opportunities that can be seen in the market.

Stay on top of business demand & Business Community

As your business grows, you’ll find yourself in between increased customer orders, billing, distribution and more… In order to keep up with this demand, you need an intelligent system like NetSuite which can forecast customer demand and help save money on Inventory / Distribution.

Eliminate IT maintenance costs

Using multiple management system software leads to an increase in IT maintenance and upkeep costs. Our NetSuite Support program offers 24/7 case resolution with on-site / on-call assistance anytime, anywhere. So, you can focus on matters that help close deals and improve business functions.

ERP Buddies, your NetSuite Implementation partner for Startups, Small and fast-growing Businesses

Your competitor is probably among the vast number of businesses that have already implemented NetSuite to meet their business requirements with additional features. Being a NetSuite Implementation partner, we assure our customers and their NetSuite users that you would be at the centre of all things irrespective of your business type.

Our 24/7 Onsite & On-call service ensures your business is up & running at full efficiency all the time. We have helped countless businesses, from SOHO, and midsized businesses to moderate and big-name Enterprises harness their true potential with the Implementation of NetSuite ERP. No matter how complex your business processes look, the business size or the amount of manpower/users you have, the ERP Buddies NetSuite Software experts team will provide a meticulous NetSuite Implementation Solution that will effectively improve your efficiency by ten folds!

Click here to learn more about NetSuite ERP or apply for a 14-day FREE NetSuite trial before you decide.

Explore NetSuite Small business pricing here

Don’t forget to check out our YouTube channel for more information!

NetSuite ERP for the Cannabis industry.

NetSuite ERP for the Cannabis industry.

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NetSuite ERP for the Cannabis industry

The cannabis industry is vast and demands state-of-the-art practices to ensure the best product reaches the shelves. With the legal cannabis business setting off, this industry is bound to see huge growth in demand and customers. It is predicted that the legal cannabis market will reach up to $55 billion in the next few years. Therefore, it is the need of the hour to ensure your business is ready for the rising customer demand. Canadian cannabis companies currently need a proper ERP system to help uplift their work operation for added productivity and improved product quality checking. NetSuite ERP for the Cannabis industry comes equipped with many features that can help cannabis companies to meet their goals.
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Cannabis management software: NetSuite ERP

The cannabis industry landscape demands real-time visibility to track plant growth, inventory, sales, shipping & more. NetSuite is a fully customizable & scalable ERP system that offers a 360-degree solution and tools at a minimal cost. NetSuite’s intuitive features allow itself to grow as your organization opens new pathways to success.

Solutions include, but are not limited to: Tracking plant growth, managing Accounting & Financials, eCommerce, Warehouse operations & inventory management among more. NetSuite Cloud ERP gives your employees the freedom to operate from anywhere as your data will be available on the cloud. With NetSuite your business can eliminate manual processes, allotting you more time to focus on matters that actually drive growth

NetSuite Benefits for Cannabis companies

NetSuite ERP for Cannabis enterprises can

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NetSuite ERP is known to propel businesses to the next level with its customizable features and trackability functions. ERP Buddies assures businesses that with a NetSuite implementation your company can streamline its entire functions, lower operational costs & improve productivity by ten folds!

With tremendous experience in implementing NetSuite across multiple verticals, ERP Buddies will become the partner you can rely on. We provide on-site assistance & 24/7 conflict resolution with our packages.

The cannabis industry is going to scale exponentially and as a business, it’s your responsibility to stay up with the changing times and our team can help you with that.

CONTACT US TODAY TO GET A FREE DEMO & A NETSUITE WALKTHROUGH

Benefits of NetSuite ERP

Benefits of NetSuite ERP

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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.

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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

NetSuite ERP For Automating work processes

NetSuite ERP for tracking order/product and shipping data

NetSuite ERP for gaining complete visibility

NetSuite ERP For delivering Superior Customer Service

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.

Women in Power

Women in Power

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Prachi Patel, Sr. NetSuite Consultant

NetSuite never sleeps & this is why our commitment to service organizations in this moment becomes stronger than ever. This feat wouldn’t have been possible if it was not for our talented team members who have made this look easy with their constant availability and communication.
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Deanne Joyce, Associate, NetSuite Consultant

Of course, we miss our workplace & our colleague, but that is no reason to get ourselves down. Due to the lack of commute, I’ve been sneaking in some workouts & practicing better self-care for myself and my family, as I firmly believe that “ A healthy mind resides in a healthy body.

Esther Garcia, NetSuite Consultant

At this time, I encourage myself and my team members to remain client-focused. Each day, we are a little more creative in our approach. We constantly reach out to each other, share ideas and positive messages. This helps make our work easier and feels like the buddies are always there for each other.
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Ainur Abulkairova, Administrator

Sustaining hope and remaining optimistic are the key to these trying times & my team at ERP Buddies keeps proving that. Every day, I see us grow and bring innovative solutions to unprecedented problems. Thank you to all my buddies.

Akshata Patil, Marketing Research

At any point of time, we may be faced with an unpredictable uncertainty. What we can do to set-off the adverse effects of the lockdown in this economy is, to keep going. Stay truly optimistic, follow the safety protocols & these times shall soon pass.
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Yamini Khanna, Business Development Executive

During this pandemic, the team environment of all companies will be tested. Thankfully ERP Buddies has gone above and beyond in being a constant support with their remote work from home tools, team discussions and meetings. I have been constantly supported and am able to maintain my productivity during this period.

Fareeha Ghani, HR Generalist

Human resource is not just a department but a strategic approach in a time when our organization and the world is facing this pandemic. During this time, my focus is my team and making their transition easier among the constant changes and hurdles. As an HR Generalist, my job is to ensure work demands are met, positions are filled, and that even though everyone is working apart that we continue our buddies work ethics.