As a business grows, it can become very difficult to keep track of everything that is happening across the different departments.
When the business started, spreadsheets might have been fine, but after growth, you won’t cut it anymore.
Effectively managing departments and data, and integrating processes, leads to more agile and efficient work practices.
In these current times, all businesses need to be weak and operate more effectively.
Without visibility across all departments, it is impossible to run the business to its potential, so some systems need to be put in place to help in this area.
For many, this system is an ERP solution. Some may make you think that Oracle NetSuite is the best option.
Here are five reasons it might be.
What is ERP?
Enterprise Resource Planning, or ERP, solutions have become very popular over the past 20 years or so.
According to studies by Allied Market Research, the enterprise resource planning (ERP) software market was valued at more than $39 billion in 2019.
This number is expected to rapidly rise to more than $86 billion by 2027. This indicates a compound annual growth rate of nearly 10% between 2020 and 2027.
It is clear that many companies see the possibility of integrating an ERP system into their company. So, what is Oracle NetSuite?
Why buy Oracle NetSuite for your ERP?
When viewing any list of the most important enterprise software solutions, Oracle appears not only once, but often twice due to another well-known package; Cloud ERP.
However, many seem to judge NetSuite as the industry leader. With dozens of other ERP systems on the market, why choose NetSuite.
For some, the brand name may be associated with it. After all, familiarity is convenient, but perhaps there are other reasons.
What distinguishes it from others?
Here are five reasons why Oracle NetSuite is the ERP system for your business.
You can hire a Netsuite consultant
This may not seem like a big deal, but choosing ERP and consolidation can be a complex process.
A NetSuite consultant can guide the business through implementation, integration, and help later, too.
NetSuite consultants are certified and can provide training and support. This support can be offered to existing customers as well, not just new customers.
NetSuite is customizable
Unlike some ERP solutions, you don’t have to buy a one-size-fits-all package type. NetSuite allows for personalization and customization of many of its features and applications.
Certified consultants can also help customize Netsuite ERP before it is incorporated into the business.
This customization is desirable because it allows building new functionality and integrating it with third-party software.
Netsuite is a mobile phone
One of the questions you might be asking yourself is; What is Mobile ERP, and Should You Consider It?
Well, it is simply an ERP solution that can be accessed through mobile devices.
This allows your employees to log data and access reports anywhere. Very useful for employees working off-site in warehouses or visiting clients.
Real-time data and reports
Do you remember the spreadsheets mentioned before? They had their uses, but in the modern business, a spreadsheet wouldn’t cut it anymore.
Today, it is essential for any business to be able to access accurate, real-time data.
The ability to gain clear insight into every aspect of a business in real time allows for quick decisions with real impact.
One of the ideas behind enterprise software is that the user can see what is happening in any department, be it sales, finance, operations or marketing.
NetSuite’s customizable dashboard makes this simple and easy.
You can run Netsuite alongside your existing CRM
If you have already integrated CRM, this is good for you. The world’s largest brands have recognized the need to find a way to manage customer relationships.
Simply put, customer satisfaction leads to customer loyalty, which leads to long-term relationships and more sales.
A must have for any company that markets some type of product or service.
When it comes time to install the ERP, you may run into a problem; What happens when your costly CRM system doesn’t work alongside or integrate with the ERP you purchased?
These types of solutions can be expensive and time-consuming to implement. Finding the ones that will be integrated is essential.
Fortunately, NetSuite is one such ERP system that can integrate with existing CRMs.
Although using NetSuite has more benefits than those mentioned above, these are an indication of why it is considered the industry leader.
However, hiring an ERP consultant is always vital.
Not every ERP system works with every business. An ERP consultant independent of any vendor can help guide the business towards the right solution.
One of the reasons NetSuite is so popular is that it is customizable. This enables it to be more compatible with more business than some other ERP solutions.