Can 37,000+ Companies Be Wrong? Here's Why You Should Choose NetSuite

With over 37,000 successful implementations worldwide, the question arises: Can so many companies be mistaken? Oracle NetSuite offers a revolutionary solution for modern businesses seeking to streamline their processes and enhance profitability. Let’s explore why NetSuite is the obvious choice for companies globally, irrespective of size and industry.

Oracle NetSuite stands as one of the most popular ERP systems in the market. With more than 37,000 successful deployments across over 215 countries, it's also one of the fastest-growing ERP systems worldwide. It’s utilized by companies of various sizes and sectors, including manufacturing, distribution, service industries, and project-driven enterprises.

A significant reason for its popularity is the user interface. Designed with the end-user in mind, NetSuite lowers the barrier to user adoption and increases employee productivity. In fact, NetSuite’s interface has set a new benchmark for modern ERP systems.

The fact that the system is cloud-based is another reason for its popularity. It allows for faster and easier implementation compared to traditional ERP systems and is cost-effective with up to 77% lower total cost of ownership compared to on-premise ERP systems.

A Platform for All Business Processes

Oracle NetSuite offers a suite of modules covering everything from financial management to sales and customer relationship management (CRM), inventory and order management, manufacturing, materials and production planning, logistics, procurement, quality control, maintenance, and project management.

NetSuite’s various modules help businesses streamline their operations and reduce costs. The system also provides excellent visibility into operations, which in turn simplifies informed decision-making and efficient resource management.

The modules are fully integrated, allowing you to manage all processes from a single platform. You can configure the system to suit your business requirements and integrate it with third-party applications.

NetSuite is flexible and customizable, with various licensing options and solutions that can be tailored to meet specific needs across different industries. The system also includes built-in BI components (Business Intelligence) like KPIs, reports, and conditional reminders – all in real-time from a unified database.

NetSuite easily manages critical areas such as accounting, inventory management, supply chains, and distribution. Examples of challenges that NetSuite addresses include:

• A single system for all companies within a group: Tailored for use across entire groups, facilitating coordination and unified management.
• Automatic consolidation of financial information: Integrates and compiles financial data from different parts of the group for easier analysis and overview.
• Multi-currency management: Essential for businesses with international operations, simplifying transactions in various currencies.
• Multi-language handling: Reduces language barriers and increases user-friendliness.
• International tax regulations: Supports various tax laws and regulations to ensure compliance in the countries where the business operates.
• Automation: Improves productivity and financial processes, streamlines and automates time-consuming manual tasks.
• Data access: Provides access to real-time data, offering accurate financial information and reporting.
• Order management and inventory insight: Ensures accuracy in management and purchasing, precision in deliveries, and minimizes storage costs and errors.
• Supply chain optimization: Manages control over the flow of goods from supplier to customer and efficiently handles changes in the supply chain.
• Project management: Monitors project progress, manages project billing and expenses.
• Field service: Manages service and support to customers in the field, such as installations, maintenance, or repairs.
• Manufacturing: Creates production plans, coordinates all necessary resources to meet the production schedule.
• Customer relationships and marketing: Tracks all communication with customers and potential customers, manages sales leads and basic marketing campaigns.

Advantages of NetSuite's Subscription-Based Cloud Solution

Previously, on-premise ERP systems were the only option, primarily available to large companies with extensive resources. These systems were time-consuming to implement, and often all functionality was installed at once.

Cloud-based solutions have made ERP systems more accessible to small and medium-sized businesses. A cloud-based ERP system simplifies the implementation process and the ability to scale functionality, allowing companies to start with basic features and add more as needed.

Cloud-based ERP systems are more accessible even for small businesses, thanks to simpler implementation and lower initial costs. Additionally, subscription-based pricing has changed how ERP systems are budgeted, from being a capital expense to an operational expense.

The cloud offers many advantages, including reduced IT costs, increased availability and mobility, and an integrated database. Here are some benefits for users with NetSuite’s subscription-based cloud solution:

• Flexibility and scalability: Companies can easily adjust their subscription to changing business needs. You pay for the functionality you use.
• Cost-effectiveness: NetSuite’s multi-tenant architecture (where multiple customers share the same underlying infrastructure) enables cost savings without compromising security.
• Automatic upgrades and maintenance: As a NetSuite customer, you benefit from automatic updates, avoiding costly upgrade projects.
• Reduced IT complexity: Your own IT resources are relieved as they do not need to maintain infrastructure.
• Accessibility and mobility: Users can access the system via an internet connection from anywhere, promoting remote work and collaboration, and facilitating for companies with operations in different locations.

Here's Why You Too Should Choose NetSuite

In summary, Oracle NetSuite is a powerful ERP system that helps businesses streamline their operations, reduce costs, and aggregate meaningful data for better decision-making.

The cloud-based nature of NetSuite provides benefits in terms of cost-effectiveness and scalability, making it a popular choice for businesses of various sizes and industries.

We emphasize the importance of always exploring your organization's requirements and needs when choosing an ERP system. There are many options on the market today, and considering the central role of an ERP system in operations, it's a very important decision. Read more here: How to Select the Best ERP System

At xperitus, we are an Oracle Partner, and we assist our clients not only with system questions but also extensively with their process and operational development. Additionally, we provide support for companies selecting an ERP system. If you have questions about Oracle NetSuite, we can assist you.