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Top 10 Benefits of NetSuite

Computer with Oracle NetSuite on the screen

November 10, 2022

NetSuite is a cloud-based enterprise resource planning (ERP) platform trusted by more than 40,000 businesses globally. The software is designed to incorporate industry best practices with rich customisation options, with an award-winning financial management system to boot.

There are many benefits to using NetSuite for your business, but we’ve identified what we believe to be the top 10. This should give you a good idea of what makes the world’s leading cloud ERP system tick.

 

1. It Enhances Decision-making

 

NetSuite provides real-time dashboards so that business decision-makers can work based on up-to-date information and forecasts. These dashboards can be customised to enable individuals to visualise the data that is most relevant to them. With NetSuite pooling data from all around the company, the insights you get are more accurate and holistic.

 

2. It Incorporates Your Entire Business

 

Data silos are a constant headache for businesses, but NetSuite offers a centralised solution for the entire organisation. This saves on having to switch between multiple software systems when looking at different areas of the business. An integrated system like this enables the free flow of information throughout your company and removes many of the time-consuming manual processes your employees have to use.

 

3. It’s Highly Scalable

 

NetSuite is designed to grow with your business. Horizontal growth may require the addition of more users, whom you can simply add to your subscription. Vertical growth may bring new operations into your operations, and you can accommodate this by adding modules to your ERP system. What’s more, if you decide to branch out into different territories, NetSuite is equipped to accommodate this kind of expansion as well.

 

4. It’s Highly Accessible

 

With its cloud-based format, there is far less of a barrier to entry with NetSuite as opposed to many other ERP systems. Smaller businesses don’t have the budget to invest in lots of infrastructures and new IT staff, and deployment is quicker for larger businesses.

 

5. It Provides Anytime, Anywhere Access

 

NetSuite is accessed online, so you can interact with it via a web browser (or mobile app) from anywhere. This means your employees can use it wherever they are and whenever they need to, as long as they have a device and an internet connection. If you want to have remote workers on your teams, or you have employees who need to operate in the field, this is an extremely useful feature.

 

6. It’s Highly Customisable

 

NetSuite supplies different platforms for a wide range of verticals and industry sizes through NetSuite SuiteSuccess. Even so, it offers a wealth of additional customisation options. SuiteApps is a marketplace for apps created by third-party developers using SuiteFlex, so you can use the expertise of a third party (or someone in your organisation) to create bespoke solutions to integrate into your ERP seamlessly.

 

7. A Truly Multinational Solution

 

NetSuite makes it very easy for your business to become multinational without having to implement separate ERP systems for the different countries involved. Through NetSuite OneWorld it has full support for multiple languages, currencies and tax regulations, making multinational expansion far simpler within the ecosystem of your ERP. It can also accommodate multiple business subsidiaries under one roof.

 

8. World-class Security

 

The security of cloud apps has been a point of contention for some time, but NetSuite is a highly secure platform. The company is continually investing in the latest solutions for protecting data, which is an extremely important aspect of ERP solutions. One of the key advantages of this configuration is that businesses can divert budgets that would otherwise have to be spent on IT to invest in the business itself, though it’s important to still have your own security measures in place where needed.

You can learn more about this topic in our informative article How secure is NetSuite?

 

9. It’s Updated Twice a Year

 

NetSuite has two sizeable upgrades every single year. There are also more frequent, smaller updates in between. What this means is that your software will always be completely up-to-date without interfering with your customisations or integrations, offering the complete range of features and the very latest in security measures.

 

10. It’s Extremely Reliable

 

NetSuite is known for its reliability, with uptime of 99.99%. Through specialised load balancing strategies, the company keeps downtime that relates to upgrades to an absolute minimum. The company also keeps information about this publicly available at all times via status.netsuite.com.

 

Final Thoughts

 

As previously mentioned, this is far from an exhaustive list of the benefits of using NetSuite ERP. But it does give a brief overview of some of the top advantages, helping you to understand what your business could get out of NetSuite.

For a much in-depth look at what NetSuite has to offers, please feel free to read our article What is NetSuite and how does it work?

 

Why choose Eventura to deliver your NetSuite Project?

 

As an official NetSuite solution provider, we have successfully delivered countless NetSuite implementations and integrations. Our expert team of business analysts, developers, consultants, technicians and support staff can guide you through your entire project, from initial scoping through to implementation and on-going support.

We believe that NetSuite offers its customers a comprehensive suite of products that can digitally transform their businesses, replacing a range of disparate systems and softwares with one unified solution to business management.

If you would like to speak to one of our NetSuite experts, you can request a free call back here.

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