Why Are Scaling Businesses Moving to NetSuite?

Modern businesses need modern solutions, especially as they scale. Companies in the growth stage require an advanced and cost-effective system that drives profitability. Having a future-ready business solution is a must-have for any rapidly growing company. NetSuite is becoming a go-to choice for most mid-sized businesses due to the ability to share real-time data and visibility across all operational areas.  

In 2021, NetSuite shared some impressive growth statistics:  

1. NetSuite had a growth of 24% year over year. 

2. NetSuite acquired over 24,000 customers. 

3. With 542 partners and 579 SuiteApps, NetSuite stands tall in the cloud ERP industry. 

4. NetSuite SuiteCommerce saw a 38% increase in its transaction volume.  

NetSuite has picked up traction in all the major sectors including retail, manufacturing, consumer packaged goods, and technology. The Professional Services sector comprises 31.1% and forms NetSuite’s largest customer base in 2021.  

Why NetSuite? 

Make Smarter, Faster decisions with NetSuite  

Oracle NetSuite is building next-generation business solutions and is catching on fast with companies. With NetSuite, you get a 360⁰ view of all your operations and customers, all from a single, real-time database. NetSuite allows you to have a system powerful enough to combine all your operational areas across the world and be able to manage multiple languages and currencies, in one secure system. It is the intuitive and scalable solution that allows users to manage all their back-office operations seamlessly; it's easy to add the needful features, such as CRM, financials, or eCommerce, as your company grows.  

Why Do Fast-Growing Businesses Choose NetSuite? 

Businesses will either adopt cloud now and scale or wait till it's too late. The future of enterprises is in the cloud and the exponential growth in cloud-based platforms backs our claim. NetSuite is at the forefront of cloud-based ERP solutions ever since the inception of the cloud and now it excels in multiple verticals of ERP, CRM and eCommerce, and financials. NetSuite is now accessible from anywhere 24/7. For scaling businesses, NetSuite is ideal because of its pricing which is on a per-user basis.  

Top 7 Reasons to Choose NetSuite 

1. Real-Time Insights Are Game-Changers 

Most businesses quickly outgrow their siloed business software like QuickBooks and such, as their transactions become more complex and complicated. The manual processes and spreadsheets will no longer be able to keep up with a growing business and make critical decisions.  

This is where a cloud ERP like NetSuite feels accurate. NetSuite offers seamless access to gigantic financial data and eliminates paperwork by pulling real-time data from a centralized database. This simplifies a series of processes from order to payment, making one-click sales orders a reality.  

2. Revenue Recognition Made Easy 

NetSuite automates and makes easy revenue recognition with its automated revenue scheduling, allocation, and reporting tools built right in. With NetSuite you can easily apply revenue recognition rules for every product or service, then easily links them to individual line items in customer contracts making it easier to be compliant and have fewer chances of errors.  

3. Customize for Productivity 

NetSuite allows users to customize dashboards that are tailored to specific user roles. Customized dashboards provide key insights into all aspects of the business, making executives and managers better decision-makers. 

4. Scale as You Build Methodology 

One of the key strength of NetSuite is that it allows itself to scale with the growth of the business. With its cloud-based architecture NetSuite allows businesses to easily add new systems and features with its growth. NetSuite gives companies a head starts and a mechanism that even the coming generations can build on. It is, therefore, an ideal long-term solution. NetSuite leads the ERP space with ease for 3 reasons - seamless implementation, world-class functionality, and rapid scalability. 

5. Security Matters 

The data in NetSuite cloud storage enjoys several layers of security to minimize loss resulting from unexpected and untimely natural disasters. Your data is stored off-premises safely and available at all times.  

6. Future Is Data-Centric 

The digital world of today's business is all about predicting trends and making strategic decisions through data. Data analysis is no longer a secret and having the right data sets at your disposal will help predict future trends in performance and improve decision making. Strategic planning is now backed by data and with NetSuite, there is the ability to collect data from various sources such as sales, marketing, shipping, and operations, which paves the way for better planning and cost management.  

7. Handle Multiple Currencies and Entities 

Most accounting software lacks the capacity to manage multiple entities, currencies, and tax structures. NetSuite OneWorld makes all these challenges including handling multiple currencies, entities, and languages seamless, making it perfectly suited to global businesses.  

Wrapping Up 

To sum it up, NetSuite is quickly becoming the preferred choice of industries across the globe because of its smooth functionality and endless customization possibilities. As businesses grow, they need a platform that can scale with them, and NetSuite is perfectly designed to do just that. Organizations with NetSuite have a strong edge in this competitive market as they no longer have version locks or maintenance costs. NetSuite offers a complete business solution that sets companies up for success.  

At Jobin & Jismi, we specialize in helping businesses transition to NetSuite. As a NetSuite Alliance Partner, our certified consultants and developers bring years of experience working with global clients across industries. Whether you need assistance with implementation, customization, or integration, our team is here to guide you every step of the way. Connect with us today to learn how NetSuite can transform your business.