Are you looking for a comprehensive and customizable enterprise resource planning (ERP) platform? NetSuite might be the solution you need. 

NetSuite is a cloud-based ERP that offers a suite of applications for accounting, customer relationship management (CRM), human resources (HR), e-commerce, and more. 

With NetSuite, you can manage your business operations from a single, integrated platform. This cloud-based ERP is designed to help businesses of all sizes streamline their processes, increase efficiency, and improve visibility into their operations. 

From financial management and supply chain management to project management and e-commerce, NetSuite offers a wide range of applications that can be customized to meet your specific needs.

But before anything else, it’s essential to conduct a thorough NetSuite review. This is a critical step in determining whether it's the right ERP solution for your business. 

NetSuite audit processes are essential to ensure you get the most out of this powerful tool.

Overview of NetSuite

NetSuite is an all-in-one unified business management suite that combines ERP, CRM, finance, and e-commerce functionalities in one cloud-based centralized solution. 

It is a reliable and efficient ERP software that can help businesses streamline their operations, improve efficiency, and increase profitability. 

Its cloud-based architecture, comprehensive suite of applications, and unified business management suite make it an ideal solution for businesses of all sizes.

Core Features

NetSuite's core features include financial management, order management, procurement, supply chain management, inventory management, and project management. 

These features enable businesses to automate their processes, streamline their operations, and increase their efficiency.

NetSuite ERP Components

NetSuite's ERP components include financial management, order management, procurement, supply chain management, inventory management, and project management. 

These components allow businesses to manage their financials, orders, procurement, inventory, and projects in one centralized solution.

Cloud-Based Architecture

NetSuite is a cloud-based solution, which means it is accessible from anywhere with an internet connection. It is hosted on Oracle's cloud infrastructure, providing high security, reliability, and scalability. 

This cloud-based architecture also enables businesses to reduce their IT costs, as they do not need to invest in expensive hardware or software.

Implementation and Customization

NetSuite is a highly customizable ERP system that can be tailored to meet your business’s specific needs. A NetSuite audit during the implementation process can help ensure the system is configured optimally. 

Implementing NetSuite typically takes three to six months, depending on its complexity, scope, and level of customization in your organization. However, implementation times may differ based on several variables.

Getting Started with NetSuite

To get started with NetSuite, you will need to choose the modules that best suit your business needs. NetSuite offers a wide range of modules that cover everything from financial management to customer relationship management. 

Once you have selected the modules you need, you can customize them to fit your specific business requirements.

During the implementation process, you will work with a NetSuite implementation team to configure the system to your specifications. 

The team will help you set up your chart of accounts, configure your financial statements, and create custom workflows to automate your business processes.

Customization Options

NetSuite provides a wide range of customization options to help you tailor the system to your specific needs. You can customize everything from the user interface to the business logic that drives your workflows. 

NetSuite also offers a suite of SuiteApps that provide additional functionality to the system.

SuiteApps are pre-built applications that can be installed in NetSuite to extend its functionality. These apps are developed by third-party vendors and can be customized to meet your specific business requirements. 

SuiteApps cover many functionalities, including e-commerce, shipping, and inventory management.

Integration Capabilities

NetSuite provides robust integration capabilities that allow you to integrate with other systems and applications. NetSuite audit procedures help ensure that integrations are functioning correctly.  

NetSuite offers a suite of pre-built connectors that allow you to integrate with popular applications such as Salesforce, Shopify, and Magento. 

NetSuite also provides an open API that lets you build custom integrations with other systems.

‍

Download the Salary Guide to compare average salaries of top NetSuite ERP professionals.

download salary guide

‍

Business Performance and Scalability

As your business grows, you need a system that can keep up with your changing needs. 

NetSuite offers a comprehensive suite of applications that can streamline your processes, improve productivity, and drive growth. 

Here are three ways that NetSuite can help you achieve business performance and scalability.

1. Financial Management

NetSuite provides a unified view of your financials, allowing you to manage your accounting, finance, and reporting needs in one place. 

You can make informed decisions about your business with real-time visibility into your financial data. 

NetSuite also offers robust financial controls to ensure compliance with regulations and minimize the risk of fraud. 

Conducting a NetSuite audit can further enhance your financial management by identifying areas for improvement.

2. Supply Chain and Operations

NetSuite's supply chain management capabilities can help you optimize your operations and improve your bottom line. 

With NetSuite, you can manage your inventory, warehouse, and order fulfillment processes with ease. 

You can also track your supply chain performance in real-time, so you can identify areas for improvement and make data-driven decisions.

3. Growth and Scalability

NetSuite is designed to grow with your business. With its cloud-based architecture, NetSuite can scale to meet your changing needs, whether you're adding new users, expanding into new markets, or launching new products. 

NetSuite also offers a range of customization options, so you can tailor the system to your specific requirements.

Support and Community

As a Netsuite user, you can access a range of support and community resources to help you get the most out of your experience. 

In this section, we'll explore the different types of support available to you and the resources you can use to get answers to your questions.

Customer and Technical Support

Netsuite offers a comprehensive support program for its customers. If you encounter any issues or have questions about the platform, you can contact their support team via phone or email. Their support team is available 24/7 to assist you with any technical issues you may experience.

In addition to its support team, Netsuite offers a knowledge center where you can find answers to frequently asked questions, product documentation, and training resources. 

The knowledge center is a great place to start if you have any questions about the platform or need help troubleshooting an issue.

Regular NetSuite audit processes can also help identify areas where additional support may be needed.

User Community and Resources

Netsuite has a vibrant user community that you can join to connect with other users and share best practices. 

Their user community is an excellent resource for learning about new features, getting tips and tricks, and finding solutions to common problems.

In addition to its user community, Netsuite offers various resources to help you get the most out of your experience. These include training courses, webinars, and other resources to help you learn how to use the platform effectively.

Conclusion

NetSuite is a powerful cloud-based enterprise resource planning (ERP) platform that offers a comprehensive suite of applications for businesses of all sizes. 

With features such as financial management, order management, production management, and supply chain management, NetSuite provides a complete solution for managing all aspects of your business. 

One of NetSuite’s main advantages is its scalability. It can be customized to fit the specific needs of your business, whether you are a small startup or a large corporation. NetSuite's cloud-based platform allows easy accessibility and collaboration across teams and departments.

However, it is important to note that NetSuite can be complex and challenging to integrate with other software. Conducting a NetSuite audit is essential for ensuring the system is utilized to its fullest potential.

Additionally, its pricing can be expensive, with annual contracts typically starting at $50k and scaling up from there.

Are you considering implementing NetSuite for your business? You should conduct a thorough NetSuite review of your current business processes to determine where to focus your efforts. 

Atticus Solutions offers a comprehensive NetSuite Systems Review to help you identify areas for improvement and optimize your use of NetSuite. 

Book a call with our experts today to learn more.

‍