5 Reasons Why Businesses Prefer NetSuite Over Outdated ERP Systems
Enterprise resource planning (ERP) has been growing in popularity, with 9% growth in 2019 and a market size of $49.5 billion projected by 2025. This burst in appeal has resulted in a variety of ERP options for businesses and their IT teams, but many have gravitated towards NetSuite.
This article will dive into why NetSuite has become a go-to tool for enterprise resource planning SaaS solutions, as well as some ways it can benefit organizations.
1 IT Cost Savings
NetSuite ERP saves money because it provides a comprehensive SaaS application suite in one solution. Instead of paying several people to manage disparate systems, you can use NetSuite’s SaaS solution to manage all of your business.
For example, if you have different people, or groups of people, overseeing your e-commerce, purchasing, and inventory management systems, you can use NetSuite to bring all of them under the solution. The time and energy your employees invest in managing separate systems can now be reinvested in solving critical business problems
or discovering new revenue-generating opportunities.
Since NetSuite is a Software-as-a-Service (SaaS) solution, you can drastically reduce administration as there are no servers to manage, no databases to administer, and no backups required. All these functions are taken care of by the SaaS provider so you can focus more on your processes and growing your business and less time on administering your systems.
2 Visibility Across Organizational Processes
NetSuite ERP provides you with real-time visibility into all the organizational processes you use it to manage, giving you a clear view of how the various parts of your business work together. Gaining visibility by dismantling these kinds of silos has long been a priority for organizations.
For instance, because NetSuite can be used to observe and manage both purchasing and sales, you can see how the two are impacting each other.
3 Workflow Automation for Process Standardization
NetSuite’s workflow automation features can standardize how things are done, save considerable time, and reduce the chances of human error. NetSuite allows the IT team to design management methodologies they can then translate into automations. These can be applied throughout NetSuite, automating how repetitive, mundane tasks are performed.
For instance, a manufacturer can automate the analysis of data collected by Internet of Things (IoT) devices as well as notes from human observers. This can be used to identify trends as to why business processes are failing or underperforming. The same system can be used to spot trends in the notes customer service reps enter in the company’s CRM. In this way, NetSuite ERP can streamline how you analyze data across several departments.
NetSuite is a scalable solution, making it super easy to add other applications from the suite or users whenever you want. This is especially useful when you have to quickly scale to meet new business requirements. This saves time when it comes to hiring IT staff or training existing staff to roll out scaling initiatives.
NetSuite’s inherent scalability also enables you to scale faster, reducing the amount of time you spend going from one phase to the next.
5 Collaboration Platform
A NetSuite implementation makes it possible to enhance collaboration around specific projects and the business processes and financial concerns they impact. In reality, most aspects of a business are interconnected. A decision in one department can result in a ripple effect that can benefit or harm other departments. Using NetSuite’s notifications and alerts can help enhance communications.
By enhancing collaboration, everyone can get on the same page and ensure decisions complement, instead of hinder, the overall progress of the organization.
Maximize Your NetSuite Solution with GSI
NetSuite is a powerful resource that can save an organization time and money while enhancing visibility, workflows, scalability, and collaboration. Taking advantage of all of NetSuite’s benefits can be a challenge, especially for those new to the platform. GSI’s experienced NetSuite consulting team can take a deep dive into the systems that run your business today and help implement and optimize NetSuite to meet your business requirements.
If you are an existing Netsuite client, we also provide you the opportunity to outsource some or all of your NetSuite administration with our SuiteCare program.
GSI can also ensure you don’t overspend on your solution, getting what you need without committing extra funds. To learn more about how GSI’s NetSuite services can help you get the most from the platform, reach out today to explore our services.
You can also email us or call (855) 474-4377.