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WHAT IS NETSUITE ERP SOFTWARE?


A LOOK INTO THE #1 CLOUD ERP SOFTWARE

August 22, 2023
#
NetSuite ERP services Business applications


WHAT IS NETSUITE?

Businesses are changing and adapting at a faster pace than ever before. There’s
no better way to stay ahead of the curve and grow your business than with Oracle
NetSuite. But what is NetSuite exactly? It’s the leading integrated cloud
business software suite for enterprise resource planning. It helps you manage
inventory, track financials, host e-commerce stores and maintain customer
relationship management systems. NetSuite was acquired by Oracle in November
2016.

NetSuite goes beyond what spreadsheets and point solutions can accomplish while
reducing operating costs and enhancing productivity. Its built-in functionality
allows it to support multiple applications under one platform with customizable
dashboards to measure progress.

And since NetSuite is built in the cloud, all your important accounting and
operational information is accessible from anywhere and on any device. NetSuite
can help your business gain visibility, control and agility.

To give you a better idea if NetSuite is right for your business needs, we’ve
put together an overview to answer the following:

 * How does NetSuite work?
   
 * NetSuite features and capabilities
 * NetSuite frequently asked questions


THE NETSUITE BUYER’S GUIDE

For more information about NetSuite, including product-related information,
pricing, product comparisons, how to get a free NetSuite trial and how to
purchase NetSuite, download softex’s NetSuite buyer’s guide. 





HOW DOES NETSUITE WORK?

NetSuite is the No. 1 enterprise resource planning (ERP) software solution. It
gives you real-time insights into how well your business is performing so you
can adjust or pivot based on changing marketing conditions.

NetSuite’s cloud-based business management platform provides you with a range of
applications to run your business entirely on a single platform. You can apply
this platform to a number of business modules.

For example, users have access to all business models through a single sign-in
portal. Drag-and-drop tools let departments personalize dashboards with metrics,
charts, graphs, reminders and shortcuts. Every module shares a common database
where information from across the system updates in real time and is accessible
to departments across business functions. This gives your company a 360-degree
view of the business to see which departments are thriving and which need more
attention.

Users can access NetSuite’s platform securely from any device with an internet
connection. You can track business performance and receive alerts no matter
where you are. There’s also a role-based option that gives authorized workers
only information pertaining to their job.

NetSuite is a multitenant cloud solution. This means that every user runs the
same version of the software and its back-end infrastructure. Users also receive
automatic updated versions of the software.


Each user’s data is stored and secured separately. NetSuite’s security team
provides round-the-clock monitoring to ensure the strongest operational data
center security. For instance, implementing strong encryption, role-based access
controls and robust password policies are just a few ways NetSuite protects its
users. Additional layers of protection include multifactor end-user
authentication and token-based application authentication.

NetSuite uses the software as a service, or SaaS, model. This means that your
business pays a subscription fee to use the technology without having to worry
about additional infrastructure or system maintenance costs. Eliminating
maintenance and upgrade costs allows your company to focus on serving your
customers instead of hiring additional employees to maintain the system.





NETSUITE FEATURES AND CAPABILITIES

There’s a reason why more than 29,000 companies in over 200 countries and
territories use NetSuite. Its cloud-based service doesn’t involve the need to
install hardware or require additional system maintenance costs. Plus, it gives
businesses a competitive edge in today’s market.

Enterprise resource planning: NetSuite ERP runs all your accounting, inventory,
supply chain and order management in the cloud.

Learn more >

Professional services automation: NetSuite OpenAir helps your company plan,
track and execute projects.

Learn more >

International: NetSuite OneWorld is a real-time, unified global management
platform that manages multiple applications in different countries, currencies,
languages and subsidiaries.

Learn more >

Planning and budgeting: NetSuite can create and consolidate plans, worksheets
and documents. Collaborate using sharing and commenting to accelerate results.

Learn more >

Customer relationship management: NetSuite CRM helps you manage all your
prospects, customers, partners and vendors in a single, integrated system.

Learn more >

Human resources: NetSuite SuitePeople is a scalable and secure human capital
management software to streamline HR processes such as onboarding, payroll,
employee performance tracking and more.

Learn more >

E-commerce: NetSuite SuiteCommerce integrates every step of your web store, from
point of sale and order management to marketing, merchandising, inventory,
financials and support.

Learn more >

softex is one of the largest Oracle NetSuite partners, bringing over 30 years of
ERP implementation and industry knowledge to clients. We offer a wide range of
NetSuite consulting services, including implementation, customization, training
and support.

Our team is dedicated to helping you get the most from your NetSuite investment.
Whether you’re just getting started with NetSuite or optimizing your current
configuration, we’re here to help. We apply leading industry practices and a
field-tested approach to meet any client need.

We’ve helped more than 1,500 clients get the most out of their NetSuite
experience. 


NETSUITE FAQS



WHAT IS NETSUITE USED FOR?

NetSuite helps companies manage key business processes with a single, fully
integrated cloud-based system. Some of those processes include enterprise
resource planning and financials, CRM, e-commerce, inventory and more.


IS NETSUITE AN ERP?

NetSuite is the most used cloud enterprise resource planning, or ERP, solution
globally. Its ERP system manages core business functions including finance and
accounting, inventory, orders and more.


WHAT IS UNIQUE ABOUT NETSUITE?

NetSuite allows companies of any shape and size to manage their entire business
applications in one unified system. It even handles the diverse needs of global
businesses that use different currencies, languages, tax laws and reporting
requirements.


IS NETSUITE EASY TO USE?

NetSuite has an intuitive and user-friendly interface; however, many new users
will benefit from dedicated training hours to get familiar with the tool.
NetSuite consultants, like softex, often provide blogs for new tips and tricks
for their customers.


IS NETSUITE A REPLACEMENT FOR QUICKBOOKS?

Yes, for companies that are growing, many replace QuickBooks with a more
comprehensive ERP system, like Oracle NetSuite. Often this is a necessary
process for growing businesses as the QuickBooks solution ceases to meet
business needs and can have adverse effects, such as growth constraints and
inaccurate, insufficient business data.


RELATED SOLUTIONS

Learn about the different NetSuite services we offer.





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