For a modern business to thrive, it needs to adopt a forward-thinking approach and a steadfast commitment to real transformation.
Success here relies on having a solid core – a technological backbone – that will empower growth, streamline operations and revolutionise business.
The very heart of any company’s digital infrastructure is its ERP system. And in an era where the cloud reigns supreme, NetSuite stands out as the revolutionary cloud-based ERP solution that can propel your business forward and ensure sustained success.
Lower Technology Costs
Compared to traditional on-premises software, NetSuite is cost-effective and has a low total cost of ownership. With everything hosted in the cloud, there is no need for expensive hardware or infrastructure. Your running costs are low too. You don’t need a server room, so there’s no energy costs for lighting or air-conditioning.
Ongoing maintenance costs are eliminated with NetSuite, too. Regular updates are made to the core system. These are free and made in the background, ensuring your business suffers no downtime.
Increased Efficiency Through Automation
By streamlining and automating your processes, NetSuite increases your productivity and efficiency. Manual and repetitive tasks, such as data entry, invoicing, reconciliation and financial report generation can be automated, freeing up valuable time for your staff.
Automation eliminates redundant tasks and reduces the risk of errors. With optimises workflows, tasks are executed more quickly, bringing improved operational efficiency and greater employee productivity.
Operational Agility
Operational agility is crucial in ensuring you can adapt to market demands, seize new opportunities and stay ahead of your competitors.
NetSuite allows you to respond quickly to market pressures. To cope with inflationary pressures, for example, it is simple to adjust your pricing. Equally, you can quickly implement new volume discounts and pricing tiers or apply special pricing for specific customers.
In times of reduced demand, you can quickly adapt by shifting your sales focus away from acquisition towards less-costly retention strategies. One effective approach is to introduce a subscription-based business model, which spreads customer liabilities and encourages long-term commitment, especially for those who cannot afford lump sum payments. NetSuite has the agility to handle various sales models and payment methods, including managing the recurring revenue of subscriptions.
Workplace Flexibility
Due to its cloud-based nature, NetSuite lets you provide your staff with seamless access to your important data information from anywhere, at any time. They can access NetSuite using a web browser on any internet-enabled device. There’s no special configuration needed and they can use the system 24 hours a day.
This facilitates remote and hybrid working, ensuring that your employees can remain productive and efficient when they’re working from home or even when on the move.
With changing employment trends, the modern company needs to adapt to staff preferences and move away from the more traditional ways of working. NetSuite provides this flexibility and enables your company to employ a more agile workforce, made up of permanent staff as well as temporary workers, contractors and freelancers – all working from varying locations.
Cross-Functional Collaboration
As a unified system, NetSuite brings together your company’s core business functions. This engenders connection, collaboration and co-operation.
It makes it simple to deploy cross-departmental project teams to work together to solve issues in the business. Everyone can access the same business data, whether that’s financial information, customer and stock data, or reports and analytics. This ensures your operation remains aligned across business functions.
Scalability
NetSuite can be rapidly and easily scaled. As you grow, you don’t need to bring new servers online or implement any additional and costly infrastructure.
Instead, it is simple to add users and to extend functionality. The system can grow with you as you add products and services or introduce new business units and locations. All the configuration can be done remotely and new staff and whole teams can be up and running very quickly.
Overseas expansion is made possible with NetSuite’s built-in functionality. For example, NetSuite supports multiple languages, multiple currencies and has robust multi-country tax reporting capabilities, ensuring you can effortlessly manage international growth.
You can tailor NetSuite to your precise needs and activate new functionality as and when you need it. As your business requirements change, you can add extra modules – perhaps to manage ecommerce, human resources or project management.
You can also extend NetSuite’s native capabilities by implementing a wide range of apps. These apps offer a vast array of functionalities to enhance NetSuite according to your specific business needs.
With its inherent scalability, it’s no wonder that NetSuite is used by more than 34,000 companies worldwide – of all different sizes and across all sorts of industries.
Better Business Decision-Making
NetSuite has comprehensive built-in financial reporting and analytics, plus pre-configured and customisable dashboards that provide at-a-glance insight into your performance.
As well as tracking your important financial metrics and KPIs, NetSuite also provides real-time data on sales patterns, customer behaviour, stock levels or project margins.
This enables you to make better-informed decisions – and make them more quickly. You can identify growth opportunities and profitable customer segments, develop targeted marketing campaigns and implement effective strategies to increase sales and expand your market share.
Revolutionise Your Business with NetSuite
Embracing cloud technology is a strategic imperative for businesses looking to thrive in the digital age. By harnessing the power of NetSuite, you can streamline operations, optimise resource allocation and make data-driven decisions with confidence.
Ready your business for the future with the transformative cloud capabilities of NetSuite. Contact us today to find out how to unlock the full potential of your operation using NetSuite’s cloud power.
