NetSuite ERP Implementation for 6 types of Businesses – How does it help?
NetSuite for Startups
Startups are answerable for every dollar raised and every penny invested toward developing products, creating customized services, markets, and management. Tight budgets at Startups can stir impacts on investment with the back-office technology. Enabling Startups to find growth requires them to build a foundation from a cloud ERP based financial platform that can capture a single view of the business. Ideally, Startups can groom their business with a solution that supports them in every step of their journey.
- Speedy Delivery: Fast NetSuite ERP implementation can allow Startup businesses to get their requirements sprinting.
- Success Ensured: Cloud solutions by NetSuite Solution Provider are built with the best practices, thus creating the path to success.
- Adaptable: NetSuite helps every type of business to remain flexible and agile irrespective of geography.
- Customization: Get access to industry-specific modules with built-in dashboards, process flows, and KPIs.
- Economic: IT Cloud solutions offer consistent automatic updates and eliminate the vast costs that a non-premise IT can inflict.
- Scalable: A single cloud business management system would contain ERP, financials, CRM, and eCommerce.
- Reliable: The amount of expertise with the no. of years that NetSuite has imparted their insights into creating this unified cloud business management system.
- Individual System: SuiteSuccess is a dedicated implementation methodology just for Startup management.
NetSuite for Fast-growing Businesses
For fast-growing businesses, Chief Financial Officers and Chief Executive Officers must stay on top of their financials and business demands accordingly. Therefore, selecting a financial and accounting system is a significant business decision for businesses that portray rapid growth because they constantly evolve and might outgrow their existing systems.
- Centralized Location: Lowers the risk of errors and hindrances by having a unique location instead of disparate applications, datasheets, and outdated templates.
- Customizable: Allows the business to adapt NetSuite’s existing programs and functionality into what’s acceptable according to their organization.
- Integrated Accounting: Fear not about what needs might surface from your business’s requirements, as NetSuite Accounting is open to being compatible with several other tools.
- Scalable: No matter how much your company grows and the users it may add, NetSuite adapts itself accordingly, even with pricing.
- Real-time visibility: NetSuite ERP software enables your business to have an overview of all core modules like sales, finance, and services in real time, no matter where you are.
NetSuite for Family-Owned Businesses
Business management cloud ERP solutions like NetSuite extend family-owned businesses an opportunity for growth, adaptability, and success. NetSuite’s modern cloud ERP system would enable you to disregard entry-level solutions and manual tasks that suppress growth. NetSuite is renowned for being an effective ERP software compared to individual processes like billing, invoicing, accounting, inventory, customer services, and varied locations and complex data.
- Budgeted and Customizable: In addition to providing automatic updates at no cost, NetSuite is a flexible, agile, yet scalable cloud business solution that is cost-effective and current in the market, with new software updates at no extra charge.
- Comprehensive: With NetSuite, you can manage accounting, order processing, inventory management, production, supply chain management, and warehouse operations in a single, integrated resource.
- Effortless Implementation: SuiteSuccess by NetSuite enables family-owned businesses to be operational in weeks. The company will be able to personalize all workflows, KPIs reports, dashboards, and metrics from day one.
- Unified and Real-Time: Keeping control of your family business is made easier with NetSuite, which also provides a single view of customer data along with visual analytics to capture enhanced insights
NetSuite for Small Businesses
Small business owners expect a simplified solution that’s easy to use, budgeted, and simultaneously scaled according to their long-term growth. However, Businesses are pulled back with entry-level software that can’t fulfill such expected attributes, which can rather be availed from NetSuite.
- Business Financials: With NetSuite, one can take advantage of a fast solution tailored according to your invoicing and reconciliation needs or one can always go to a NetSuite Solution Provider or an ERP Consultant to ease the process.
- Real-time Insights: Data silos can be eliminated with NetSuite, making it easier to make informed decisions while optimizing the time-consuming process of financial close.
- Introduces you to new markets: By leveraging NetSuite for small businesses, you can increase your market share, add new products quickly, and engage customers more efficiently through various channels.
- Future Proof: You no longer have to worry about on-premise IT costs, and your software is always up-to-date with NetSuite’s flexible, agile and scalable solution.
NetSuite for Mid-sized Businesses
Developing businesses have started switching to NetSuite to cut costs, decrease time in the financial closing process and enrich quote-to-cash cycles. It is considered that midsize companies choose NetSuite for cloud-based accounting, ERP, CRM, and e-commerce applications. Other benefits include:
- Integratable: Traits of ERP, CRM, and eCommerce of NetSuite reduce cycle times and slip-ups.
- Visibility: Excel spreadsheets are replaced by real-time analytics and dashboards.
- Accessibility: One can access their account regardless of any device or location.
- Flexibility: Introduce customizations according to your business requirements without putting version lock at risk.
- Multinational: As your business grows, multi-subsidiary intelligence also increases its scope.
- Cost-effective: NetSuite ERP implementation gets rid of the IT costs that is usually incurred by an on-premise.
As of 2022, large enterprise companies hold 39% of ERP market share as per Grandview Research. As its required of them to focus more on e-commerce activities they would be using ERP solutions in a higher scale in the coming future. According to Technavio, when it comes to small and mid-sized businesses, it is forecasted to expand to 7.42% in the span of 3 years from now.
NetSuite for Enterprises
As a company launches new products, acquires or merges companies, enters new markets, or expands geographically, agility, speed, and flexibility are essential. On-premise ERP systems can impede enterprise speed, especially for large companies competing in this fast-paced world that waits for no one.
- Mergers & Acquisitions: The use of enterprise-ready business solutions enables new businesses to be quickly integrated, or new markets can be created by relieving and cutting ties with the prior parent quickly.
- Collective Insights: The NetSuite platform is being used in unique ways by enterprise organizations worldwide, empowering employees with real-time insights across all areas of their organizations.
- Efficiency: Unify your business, make informed decisions, and optimize time by standardizing applications across your departments, subsidiaries, locations, and more
- Expansion: The Enterprise edition of NetSuite lets you quickly expand into new markets, add new products, and engage with customers in new ways.
- Innovative Model: It empowers your business to modernize and transform using NetSuite’s flexible, agile, and scalable solution.