Unified Business Management Platform
NetSuite is named leader by Gartner in 2019. Today, cloud computing is at the forefront of the shift to the digital business and enabling companies to adapt to these changing models, both strategically and operationally. NetSuite has championed the cause to deliver not only a true cloud platform but also strived continuously to develop a truly integrated suite for our growing global customer base of more than 40,000.
It enables you to take control over every aspect of the business and allows your organization to track performance in one place.
Highlights of some benefits experienced by organizations using NetSuite
- Reduced IT costs by 50% or more
- Accelerated financial close by 20%-50%
- Cut order-to-cash cycle by 50%+
- Reduced audit preparation time by 50%
- Reduced invoicing costs by 25%-75% promotional efforts
- Reduced days sales outstanding (DSO) by 10%-20%
Key Benefits of Using NetSuite
- Improved financial operations efficiency and productivity with a single, integrated system to handle all core processes for
users anywhere in the world.
- Timely financial close centralizing management of all period-end close activities to reduce time and resources spent investigating and resolving errors.
- Ongoing compliance with revenue recognition, tax requirements and financial reporting in accordance with various accounting standards and government regulations.
- Real-time visibility to see consolidated financial results for any part of the business at a summary level, and all the way down to the underlying transactional details.
Features of NetSuite
Used by thousands of organizations worldwide, NetSuite’s financial management solution expedites daily financial transactions, accelerates the financial close and ensures compliance. Our cloud-based single platform architecture ensures complete real-time visibility into the financial performance of the business from a consolidated level down to the individual transactions.
NetSuite financial management seamlessly integrates with all NetSuite order management, inventory, CRM and ecommerce functions to streamline critical business processes.
NetSuite’s order management capabilities help streamline your order processing by eliminating manual bottlenecks, preventing errors and establishing a smooth flow from sales quote to order fulfillment ensuring timely invoicing and payment. NetSuite’s order and billing management capabilities integrate your sales, finance and fulfillment teams—improving quote accuracy, eliminating billing errors, strengthening revenue recognition processes and driving fulfillment accuracy and efficiency.
NetSuite’s production management capabilities enable organizations to run their manufacturing operations efficiently. From sales order to work order processing, routing and scheduling, order fulfillment and product costing, NetSuite’s manufacturing solution provides real-time visibility into every step of the production process to help you make better-informed decisions. Get your products to market quickly and cost-effectively anywhere in the world with an end-to-end manufacturing software solution designed to run your entire business.
Supply Chain Management
Virtually every company that manages a modern supply chain will be doing so across multiple continents and time zones, but how do you do that with a single application? NetSuite’s manufacturing, distribution and supply chain management capabilities are all built on the premise that the physical location that a product is made or stored in should be irrelevant to your decision making process—it may add to your lead time, but we let you manage all with ease.
Warehouse & Fulfillment
Smart businesses understand that controlling inventory, fulfillment and shipping costs is essential for success. Companies are constantly striving to improve their warehouse operations by increasing agility, visibility and labor efficiency. This requires use of best practices combined with a sophisticated Warehouse Management System (WMS) that optimally manages all resources within the distribution operations while minimizing the total cost of operation or ownership (TCO).
Purchasing can be a time-consuming and inefficient ordeal, especially when requests for goods and services have to be processed manually using a combination of phone calls, emails, paper catalogs and faxes. NetSuite’s procurement solution helps companies buy goods and services at the best cost and in a timely manner by saving employees’ valuable time with easy-to-use capabilities, reducing costs by channeling purchases to approved suppliers and pre-negotiated contracts, and improving visibility by rendering real-time information into company spend and vendor performance.
NetSuite also streamlines and improves the accuracy of the procure-to-pay process by automating and linking key procurement transactions and providing approval and matching workflows to support internal controls and compliance requirements.
Human Capital Management
NetSuite SuitePeople securely weaves people data throughout the Suite, giving businesses complete control over their HR processes. SuitePeople empowers managers and HR professionals to streamline employee information, new hires, employee onboarding, payroll, promotions and compensation changes, all from a single Suite. While also enabling employees by providing them with the ability to request time-off, access employee directories and organization charts, monitor upcoming vacation schedules, monitor new hires, and publicly recognize peers for good work.