Become one of our 36,000+ clients. By streamlining business procedures, increasing visibility, and freeing up time and resources, NetSuite Cloud ERP enables businesses to innovate, adapt to change, and stay competitive. In this article, Teho.info will discuss 8 best NetSuite Cloud ERP features.
What is NetSuite Cloud ERP?
By automating key business operations and delivering real-time visibility into operational and financial performance, NetSuite Cloud ERP is an all-in-one cloud business management solution that makes it easier for enterprises to run more efficiently. By combining a single, integrated suite of tools for handling accounting, order processing, inventory management, manufacturing, supply chain, and warehousing activities, NetSuite Cloud ERP offers businesses better data visibility and greater corporate control.
Make Better Decisions
Access information about finances, operations, and transactions from across the company. You can quickly alter dashboards, reports, and visual analytics to offer a high-level summary or a detailed analysis of business activity.
Simplify Your Business
From a single application, manage accounting, inventory, operations, distribution, and more. Automate manual processes to reduce time and free up resources for better customer service, opportunity identification, and competitive advantage.
Run a Global Business With Ease
Manage several subsidiaries, business units, and legal entities with ease with a single ERP solution. Standardize business procedures across all divisions and subsidiaries while gaining real-time visibility at the local, regional, and corporate levels. With more than 27 languages and 190 different currencies supported, NetSuite Cloud ERP is used in more than 200 countries and can easily manage your international business.
NetSuite Cloud ERP Benefits
NetSuite Cloud ERP offers a wide range of advantages by automating business operations, enhancing operational awareness, and granting enterprises better control over their resources.
Accounting Software
Transform your general ledger, improve your AR, automate your AP, and simplify tax administration. Obtain a thorough understanding of your cash flow and financial health.
Financial Management
Accelerate the financial closing process and daily financial operations while ensuring compliance. Get a complete, real-time picture of the financial health of your company, from the highest level of consolidation to the level of individual transactions.
Global Business Management
While offering real-time financial consolidation and visibility, NetSuite One World assists businesses in managing worldwide operations, including numerous currencies, taxation regulations, and reporting needs, across countries and subsidiaries.
Inventory Management
Manage your inventory automatically. Maintain low inventory expenses while fulfilling client delivery demands. For managing replenishment, determining reorder points, tracking inventory across many locations, and maximizing safety stock, NetSuite offers tools.
Order Management
Eliminate manual inefficiencies in order processing, guard against mistakes, and create a seamless transition from sales proposal through order fulfillment. The outcome is prompt billing and payment.
Supply Chain Management
Where something is made or kept shouldn’t prevent a company from satisfying client demands. Moving commodities or materials via a long supply chain is made simpler by NetSuite Cloud ERP.
Warehouse Management
Improve warehouse operations with RF-device-directed putaway and pickup tasks by utilizing cutting-edge capabilities including wave management, cartonization, cycle count planning, real-time inventory updates, and shipping system connections.
Procurement
Purchase products and services promptly and at the lowest possible cost. By centrally managing procurement, you can save time, cut expenses, and gain better visibility into spending and vendor performance. Make sure there is clear communication from procurement to payment.
Challenges NetSuite Cloud ERP Solves
- A manual process. Automate and streamline time- and resource-wasting manual processes.
- Accessibility to data. Access real-time data across the enterprise with ease and speed.
- Data reliability. Deliver accurate and timely financial statements, inventory reports, and other information to stakeholders.
- Having expectations met. Deliver the accurate orders, prompt deliveries, and cost savings promised.
- Supply and demand balance. In the face of quick change, increased costs, and changing consumer behavior, manage supply chains.
- Stock Insights. Plan in order to balance inventory and satisfy demand.
How Much Does NetSuite Cloud ERP Cost?
All sizes of companies, from start-ups to those that are rapidly growing, have switched to NetSuite Cloud ERP. Looking for a more cost-effective way to run your business but worried about the cost?
Users pay an annual license cost to use NetSuite Cloud ERP. The number of users, the add-on modules, and the base platform make up your license’s three main components. There is also a one-time implementation fee for initial setup. The benefit of cloud software is that as your business grows, you can easily activate new modules and add users.
Start using the NetSuite Cloud ERP Industry Editions, which provide accounting features and modules to meet industry-specific requirements.
To learn more about NetSuite Cloud ERP and its features, visit Teho.info.