How Netsuite Cloud ERP Can Boost Your Business Performance


Different businesses across different industries follow different practices and processes. To manage these processes and to bridge the gap between processes and people, organizations rely on Enterprise Resource Planning (ERP) Software. These software solutions consolidate all the corporate, enabling decision makers to have real-time visibility of different aspects of their business. By storing data into a single database, ERP software enables organizations to have a better control over business. Oracle NetSuite is one such ERP solution that can be utilized by a number of different industries such as healthcare, nonprofit groups, construction and hospitality to optimize processes while increasing agility.  


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As cloud-based ERP solution from Oracle, NetSuite automates front- and back-office processes, enabling organizations to focus on what they do best while swiftly and confidently reacting to market dynamics. By integrating key functional areas such as financial management, revenue management, inventory management, order management, billing, e-commerce, and CRM, NetSuite delivers comprehensive view of key performance indicators to top management, enabling them to make more informed decisions. As a multi tenant, true SaaS (Software-as-a-Service) solution, NetSuite needs less upfront cost as no hardware, no IT maintenance, no complex set ups and infrastructure is required. 


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The most wonderful feature that makes NetSuite Cloud ERP as the most preferable business management suite is the smart combination of financial management operations and built-in business intelligence. Built-in business intelligence delivers actionable insights to the top management, enabling them to focus on the main problematic areas. As well connected order management suite in which sales and fulfillment operations are integrated together accelerate order-to-cash processes. By leveraging full visibility into production workflows, NetSuite enables you to market your products efficiently and in time. NetSuite is highly scalable platform that free up the time by streamlining processes to drive growth and productivity. 


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Financial Capabilities of Oracle NetSuite

As a comprehensive financial management solution, NetSuite helps in managing daily financial transactions while accelerating financial close. NetSuite consolidates your financial data to ensure real-time visibility into the financial performance. As an audit ready solution, NetSuite enables businesses to swiftly address Governance, Risk and Compliance. NetSuite supports multiple regulatory financial compliance requirements such as ASC 606, GAAP, SOX and others, enabling you to remain compliant. By supporting wide array of reports such as SOC 1, SOC 2, ISO 27K, PCI/PA-DSS and more, NetSuite enables you to meet organization’s risk and control expectations while ensuring accuracy in financial statements. NetSuite offers role based security while enabling you to control processes with segregation of duties and configuration. 

Supply Chain Management in NetSuite Cloud ERP

Manufacturing, distribution and supply chain capabilities of NetSuite enable organizations to manage supply chain across multiple continents and time zones. NetSuite’s control tower delivers global time phase view which consists of summary of current and future inventory position across entire global supply chain. With advance inventory management and demand planning techniques, NetSuite ensures unprecedented control over supply chain. You can easily calculate and predict demand based on historical demand, open opportunities and/or manually entered or imported sales forecasts using NetSuite. 


Eliminate inefficiencies of Disparate Systems with NetSuite Cloud ERP
 

Final Thought

NetSuite Cloud ERP helps you to control the demand and supply ratio. By streamlining processes across different departments, Oracle NetSuite ensures productivity while enabling businesses to grow confidently.  

To know more about NetSuite Cloud ERP , you can Contact Us
 

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