NetSuite ERP

What ERP is and how it work?

Full name of ERP is Enterprise Resource Planning, but even in full name doesn’t make it easier to understand what it is or how it works. For that, you need to imagine all of the various processes which are necessary for make a business successful, including inventory and order management, accounting, human resources, customer relationship management (CRM), and beyond. At its most basic level, ERP software integrates these various functions into one complete system to streamline processes and information across the entire organization.

Using a cloud ERP means that your systems are upgraded automatically. This reduces costs by removing the need for expensive upgrades and server maintenance. Another benefit of a cloud ERP is that it can grow easily as your business expands. With all your data in one system, integration costs are reduced. You benefit from a powerful tool to provide insight into your customers, supply chain, inventory and finances.

The main feature of all ERP systems is a shared database that supports multiple functions used by different business units. Thanks to that employees in different departments — for example, sales and accounting — can use similar information for their specific needs.

ERP also offers some degree of synchronized reporting and automation. With using ERP employees don’t need to be forced to maintain separate databases and spreadsheets that have to be manually merged to generate reports. ERP solution allows to generate reports from one system. For example, sales orders can be automatically  sent into the financial system without manual re-keying. In this situation the order process can be solved more quickly and accurately than without ERP solution.

How ERP can help in your business

ERP makes business easier and break down barriers between business units. An ERP solution:

  • Gives a global, real-time view of data that can enable companies to address concerns proactively and drive improvements.
  • Improves financial compliance with regulatory standards and reduces risk.
  • Automates core business operations such as lead-to-cash, order-to-fulfillment, and procure-to-pay processes.
  • Improve customer service by providing one source for billing.
  • Builds professional relationship between departments.

As you can notice, advantages of using ERP are valuable for business — particularly cloud ERP. With an ERP software, companies have access to accurate information which facilitate make decisions faster. Not only that, but ERP solution helps to eliminate redundant processes and systems, importantly lowering the cost.

NetSuite useful in different industries

Industry-specific solutions are available from NetSuite for manufacturing, retail, software, distribution and professional services. That ensure specific needs for the clients to their sectors, such as supply chain management, revenue recognition, inventory control and point-of-sale (POS). NetSuite ensure huge range of pre-built apps that run on the NetSuite cloud ERP platform. These apps provide a more reliable and quicker alternative to customising the NetSuite sorfware.

Our experienced technology consultants can help you with the configuration, integration, development, project management and business change. We can also support you with ERP software selection which would be the best answer for your business’s needs. We are always close to our clients. We want to give them the skills they need to use NetSuite successfully. We focus on delivering the business benefits from each of your investment.