Choosing Your ERP Software: Is NetSuite Right for Your Business?

Your overall ERP success can be impacted by your choice of ERP software. This means it’s important to choose the right solution for the best return on your ERP investment.

How can you tell if NetSuite is the right ERP system for your business?

NetSuite’s products are primarily designed for medium-sized to enterprise-level businesses — including those with complex requirements — from such industries as manufacturing, distribution, software, retail, professional services, and nonprofit.

What’s more, NetSuite is a highly flexible ERP solution with a range of capabilities that can be adapted to meet any ERP requirement as long as you implement it correctly.

Notwithstanding, to get the most out of the software, there has to be a balance between your requirements and NetSuite’s capabilities. With that in mind, here’s when to choose NetSuite as your enterprise resource planning system:

Choose NetSuite if you need real-time enterprise-wide data visibility

If your organisation needs immediate and easy access to real-time data and core business metrics such as financials, customer, sales, professional services, marketing, and eCommerce, then NetSuite is the perfect solution for you.

The tool offers a level of business intelligence and analytics that gives you a ‘whole-picture’ overview of what is going on in the organisation, enabling rapid and data-driven decision-making.

NetSuite’s analytical capabilities are designed so that even the average Joe can perform complex data analytics tasks. SuiteAnalytics particularly can provide embedded business intelligence to any customisations or applications built with SuiteCloud, eliminating the need for IT and developers to deal with the complexities of separate reporting tools.

Choose NetSuite if you’re looking for a cost-effective ERP solution

Your business may need a solution that’s budget-friendly yet powerful enough to effectively meet all of your financial accounting needs. NetSuite offers reduced software and implementation costs compared to traditional on-premise ERPs.

For example, you don’t have to worry about hardware costs as it is a cloud business solution, or labour and maintenance costs as it is available in a pay-as-you-go pricing model.

Choose NetSuite if you need stringent operational security

NetSuite’s operational security provides high-level, end-to-end controls including third-party/intrusion prevention and detection systems, rigorous physical security protocols, and strict security certifications such as PCI-DSS.

Additionally, its applications are hosted and maintained in a secured cloud, ensuring it’s always running smoothly, even if there are localised technical issues within your organisation.

Choose NetSuite if you’re looking for a single-source solution

NetSuite provides a full-service, all-encompassing business management suite, able to manage all aspects of your organisation from a single place, including financials, human resources, procurement, sales, inventory, customer service, and more.

So if you’re looking for a single, fully-integrated platform to run and manage multiple business operations, then NetSuite will do the job.

This eliminates the headaches of having to sign up for multiple applications for each business operation and then trying to connect those applications.

Choose NetSuite if you want excellent integration

NetSuite offers out-of-the-box, built-in functionality for integrating with and supporting multiple applications under one platform, with almost no extra requirements for making the systems work together.

For instance, NetSuite can easily connect with a tool like Salesforce to make all of your data available in one place and to help enhance automated processes such as quote-to-cash, order management, and supply chain management.

Choose NetSuite if you are all for a fully automated system

Automation with NetSuite isn’t exclusive to complex processes, you can equally automate simple tasks such as requisitions, purchase orders, invoicing, and reporting.

So if you care about eliminating physical handoffs, minimising errors in your data, and saving time and money while boosting productivity and speed, you should definitely consider NetSuite.

Choose NetSuite if you need a cloud-based solution with global access

NetSuite’s cloud exclusivity approach combined with support for web-browsers and a mobile application means users can access critical business information from anywhere in the world and at any time, allowing for workflows and approval steps to be completed even if you’re out of office.

This also removes the limitations associated with the lack of agility and data portability resulting from data stored in department-specific and channel-specific silos.

Choose NetSuite if you need an ERP system that’s always current

NetSuite updates are rolled out regularly, meaning customers always have the latest version. And you don’t have to do anything to implement updates as they come automatically, attracting no additional costs.

Let’s wrap it up!

While there are a number of business management software on the market with varied features, functionality, and capabilities, not all of them would be suitable for your organisation.

You need software that supports your corporate goals, fits in with your company culture and allows for smooth and efficient operation while at the same time providing great value in terms of meeting your business needs.

NetSuite offers a broad range of capabilities combined with unmatched functionality and flexibility to meet any business management needs.

IMPORTANT: No matter what your needs are, NetSuite’s powerful offering will only become useful to you if the system is correctly implemented and customised by an experienced professional to best serve your needs. Get in touch with us today as a trusted and certified NetSuite Solution Provider to discuss the best way NetSuite can help your business.