Operational efficiency and lower costs are among the driving factors pushing the fast adoption rate of cloud technologies and tools. One such tool is NetSuite, and its dominance among cloud users has steadily increased since its founding in 1999. It has been widely accepted by NetSuite users as the leading cloud solution on the market. Many businesses and nonprofits tout the NetSuite space as a go-to and affordable option for their enterprise resource planning (ERP) system migration needs. Here are a few benefits you can enjoy from adopting Oracle NetSuite for the first time.
1. Automation and Scalability
Legacy systems require rigid and structured operations. Often, they tie businesses to specific limitations, making it hard to scale up or down depending on your business’s growth pattern. The scalability difficulty can worsen for small businesses that need enough flexibility to innovate and beat out the competition. That’s where NetSuite’s automation comes in handy. You can enjoy conversions from marketing automation, and its perks can apply to other business functions.
NetSuite implementation is a paradigm shift away from downtime-ridden legacy applications to an automated world where everything comes and goes from a single source of truth. Often, business leaders are burdened with wasteful operations, but their systems lack the clarity to point out the specific areas harboring the waste. With NetSuite, you can tailor your every development effort to its specific cost and outputs.
NetSuite has several packages, including the NetSuite Enterprise and NetSuite OneWorld. You can upgrade to the Enterprise option if you require more users or invest in OneWorld if your business begins to stride on the international market. You can also check out this Oracle NetSuite pricing list to find an option that works best for you.
2. Third-Party Integration
Managing data from multiple sources is gradually becoming a thing of the past. Oracle NetSuite can be your ultimate solution for all system integration needs. It has a set of integration tools to connect each third-party system to the central system. Many NetSuite users have adopted the NetSuite platform as a centralized system for finance operations. But its integration capacity covers other departments from marketing to human resources. NetSuite’s integration solution allows businesses to use the software as the core platform for other apps.
3. Improved Visibility
Entering data manually can be challenging and inefficient. This includes routine tasks for invoices and progress reports at the end of every month. There is also the likelihood of duplicating forms or omitting specific fields. These mistakes and inconsistencies happen when multiple team members work on the same data group using different systems, making it hard to control business processes.
Data inconsistencies can also affect real-time visibility in the long run. The more duplicated and inaccurate data you have in your database, the harder it can become to identify which operational areas your business may be lacking in. It’s almost like running your operations blind or with a blurred vision. Your operational workforce is bound to make costly mistakes, and decision-makers may table uninformed conclusions. Oracle NetSuite solution makes importing and exporting data round the clock a manageable process. It comes with specific features like customizable dashboards, unified customer records, and real-time access, which improves visibility for team members across your entire organization.
Everything links to your home base, enabling team members to input data simultaneously, detect errors, and fix them according to your business’s specific standards. These NetSuite ERP features can help top executives with actionable insights for guided business decisions. Business users also stand to gain from NetSuite’s improved visibility features. You can leverage its components for a personalized and efficient sales cycle, customer fulfillment, and exceptional service efforts.
These benefits have been tried and tested by many businesses. NetSuite’s scalability is a guarantee, regardless of the option you choose. Your IT team will not have to think about changing ERPs as your business expands. And these