There are five reasons companies select NetSuite as the core business application:
- Unified View of the Business: NetSuite enables organizations to manage their entire business from a single platform, consolidating finance, supply chain, manufacturing, HR, and e-commerce within one system with a shared database. This unified approach enhances efficiency and productivity, enabling users to seamlessly monitor and manage various aspects of their operations. Moreover, this level of transparency is a must-have for companies looking for investments. Venture Capital and Private Equity firms favour financial transparency.
- Native Integrations: NetSuite's natively integrated modules eliminate the need for unreliable third-party integrations. Data seamlessly flows into and out of the central database, ensuring real-time updates and a familiar user interface across all modules. This integration simplifies processes, reduces training time, and streamlines order-to-cash, procure-to-pay, and other multi-step processes. Moreover, it reduces implementation and operational costs and effort for an enterprise.
- True Cloud: Unlike some ERP systems claiming to be cloud-based, NetSuite is a true cloud solution built for and in the cloud. It offers unparalleled scalability and avoids the limitations of hosted or hybrid cloud systems, such as version lock and slow upgrades.
- Deep Reporting Capabilities: NetSuite's extensive reporting capabilities leverage the wealth of data flowing through the platform. Users can generate reports on various aspects of their business and access role-based dashboards for informed decision-making. The system provides insights into performance and supports data-driven actions.
- Built-in Flexibility: NetSuite's flexibility allows it to accommodate various industries and adapt to different business needs. Through SuiteCloud apps and tools, NetSuite can be customized to align with an organization's processes and corporate structure, whether a multinational corporation or a startup.
