5 Reasons Why Businesses Should Turn to Oracle NetSuite ERP

September 14, 2022
Jhansi Rani
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Published On September 14, 2022

Oracle NetSuite

NetSuite is a cloud-based cloud technology solution. This enables an added performance and ensures performance parameters are met with growing requirements.

Why Oracle NetSuite?

NetSuite ERP modules are a cloud-based ERP that manages the overall business process with a one-stop solution. As the business grows, it is inevitable to neglect the service level as it could impact business efficiency and customer service. It becomes a fundamental essential for the systems used in the business could keep up with the growth, or it might lead to business risk and lost profits.

Business grows along with Oracle NetSuite

A cloud ERP system has become an integral part of the business growth for its day-to-day performance. Oracle NetSuite ERP enhances the business with its various NetSuite ERP modules and personalized offerings.

Creates visibility to your business

Employees struggle when manually entering an invoice or creating a report at the end of the month with the enormous amount of data that something might go missing or end up with minor errors. It is vigorous to handle multiple systems for each business process. NetSuite offers several benefits, such as customizable dashboards, unified customer records, and real-time access, which supports making the right decisions at the right time.

These offerings create a highly efficient customer service experience and help the business scale up rapidly. Features such as Integrations, Scheduling, Saved search, Report Builder, Dashboard, and Custom portlet help ease the data volume handling and how many users you have input data; everything is linked to the source, making it easier to pinpoint errors and subsequently fix them.

Tailor strategies according to your business

Each business might have varied process areas defined according to its industry. Those several business process areas are mapped under the NetSuite ERP modules.

For Example, NetSuite ERP accounting software creates approval workflow for purchase orders or invoice processing. Allows flexibility in reports which can also be customized or created from scratch. NetSuite accounting software eradicates complex reporting requirements.

The bank reconciliation is a tedious process that can also be automated by integrating SFTP(Secure file transfer protocol). The usage of banking-related permissions can then do the reconciliation. The month-end closing of periods can also be streamlined by closing each book separately and availing a multi-book accounting module.

Pricing and Licensing

NetSuite license cost services enable businesses to choose according to their business requirement and structure as a modular approach. It affords a modular approach where the business can choose to select and license modules that they use. This empowers the users to reduce costs.

NetSuite implementation cost helps reduce operational costs when the IT time is used to improve the business’s operations.

NetSuite’s pricing strategy comprises four tiers: NetSuite BPO, NetSuite Starter Package, NetSuite for Mid-Market, and NetSuite Enterprise. Based on the NetSuite users and the size of your business, the packages can be customized, and license costs can be determined.

Integrations made effortlessly

NetSuite goes beyond its boundary and connects with various platforms such as salesforce, Shopify, Expensify, etc. This integration enables users to keep NetSuite as their base system while continuing to manage other platforms that fit better with each of their departmental needs.

The software designed can be integrated as an extra system to your NetSuite ERP for supply chain and demand management or eCommerce applications.

Scaling business alongside NetSuite

As mentioned above, as the business grows, NetSuite also helps to expand its offerings accordingly. It enables scale-up users in the instance and lets you add more subsidiaries and customizations of forms, records, and layouts. NetSuite pricing and licensing can also be modified along the way when it expands and exposes globally.

The different module types also let the users adapt to the modules, which are which industry or business specify. They can add or remove modules that are not required.

Oracle NetSuite with Rite Software

RiteSoftware is a Netsuite ERP Solutions Partner who can help you scale your business according to your business design. It supports your business by adhering to your timeline, requirements, and budget. Our certified NetSuite application team has extensive industry expertise to manage your workflow while ensuring new level of strategies to your business for better outcomes.