17 Jul, 2020

Empower Your Growth: Harnessing the Power of NetSuite 2023 for Your Business 

NetSuite made a breakthrough in the ERP space by making their application completely cloud-based solution. It is a unified platform that helps businesses to deal with diverse business actions efficiently, which includes ERP functions, CRM tools, and eCommerce capabilities.  

NetSuite provides services to more than 33,000 organizations worldwide. NetSuite helps these organizations to run business and helps them understand their performance so they can focus on strategizing their growth. 

In this blog, we will look at some great reasons why you should consider adopting NetSuite ERP. 

Strengths leads to business success. Here are some good reasons why you should consider NetSuite for your business.

1. Customizations  

The primary feature of NetSuite is its moldability. It is completely customizable to meet the needs of the businesses. Organizations can build new functionalities, workflows, and process business demands accordingly to their needs. End users can easily customize Forms, Fields, and Records themselves. 

2. Integration 

NetSuite can be integrated with any other third party system easily. With NetSuite, integrations can be done very easily with great precision and accuracy. Integrations enhance business performance and add great benefits to the business.  

3. Real-Time Data Visibility 

Users will get real time access to their data with NetSuite. With this feature, the business can keep track of their inventory, customers, and employees anytime, anywhere.  

The business can record and analyze customer information such as contact information, purchase history and brand preferences, help to gain a better understanding of the customer’s behavior, and can make informed business decisions in the future.  

Similarly, they have visibility into their inventory and the pricing, so they never have to turn a customer away. 

Pending payment details of customers details are available so it is easy to follow-up on them. 

NetSuite has proven that it helps to improve sales productivity and generate revenue. 

4. Automation 

NetSuite can automate all the functions associated with the business. It will increase the effectiveness of business processes and promise results.  

5. Industry-Specific Features 

NetSuite has modules that can cater to the needs of specific industries. Customers can mix and match the modules that meet their individual requirements, thereby making NetSuite scalable.

6. Process Efficiency 

NetSuite can provide seamless integration of business processes. It pulls together order management, multiple revenue streams, financial consolidations, and many more into a unified platform.  

7. Better Decision Making

With NetSuite ERP, companies can make informed decisions. Real-time data access, tracking and notifications help to make quick and accurate decisions. Apart from this, with the SuiteAnalytics feature, companies can generate reports, analyze them, and gear up for future development. 

8. Streamlined Billing 

NetSuite ERP streamlines billing processes. It functions across subscription, product, usage, and services. It can automate the order-to-cash process and revenue recognition via multiple channels by collecting real-time information. NetSuite allows companies to generate, transmit, and collect invoices across different streams.  

9. Revenue Recognition 

NetSuite can effectively manage complex revenue recognition processes. They can address and solve complex revenue recognition challenges and help maintain compliance with international bodies. This comprehensive solution can avoid multiple entries and manual intervention during the revenue recognition process. 

10. Global Business Management 

With NetSuite OneWorld, you can run your business globally. This function manages multiple currencies and enables you to cross borders and do business with customers worldwide.  

Jobin & Jismi can assist you in NetSuite Implementation, Integration and Customization irrespective of your geographical location. We have experts tirelessly working to bring better solutions to enterprises with NetSuite. For more details, please contact us on email contactus@jobinandjismi.com. Alternatively, you can leave your contact details on the Contact Us form on our website and we will call you back.