Today, as the number of processes and tasks within an organization grows, companies are continually facing the task of choosing the best-suited business system to fulfil business requirements. Planning and implementation of an advanced business management software framework frequently take a back burner, while short-term targets for sales acceleration take priority.
Cloud based ERP is now become almost the preferred choice when an organization decides to implement an ERP. This was not the same, when I started advising companies about deploying Cloud based ERP around 15 years back. I choose to work with NetSuite as a partner as that was the only true cloud ERP which was available in the market and even today it is one of the leaders. Many ask me why I choose to become a NetSuite partner, and was recently interviewed on the same. Here are some of the questions which I answered based on my experience of being in the Netsuite ecosystem for 15+ years.
As per a new survey, 3 out of 4 employees feel that they do not have access to the newest technologies to make their work more productive. NetSuite has been developed from the ground up in the cloud, supplying customers with real-time market knowledge and the flexibility to scale, stay flexible and operate from anywhere at any time.
If we want it or not, budgeting season is just about the corner. It starts in August and finance teams expect to finish the annual budget in December before their fixed annual deadline. It is not necessary to overstate the value of the budget. Companies must schedule and find ways to continue activities and to step up profitability. For operational performance, the precision and reliability of the budgeting process are important.
You are not alone if you’re designing and managing budgets in Excel today. You are also not alone if you’re struggling to make Excel a successful method for doing so.
Usually, budgeting using spreadsheets is less successful and hinders teamwork. It’s error-prone as well. Excel is a powerful tool for personal efficiency, but it lacks the requisite capabilities to create the detailed, thorough budgets needed by executive management, the board or lenders.
Millions of growing companies use entry-level software solutions such as Excel, QuickBooks, Sage, Microsoft and email contact applications to run their company in the hopes of saving on costs. But as businesses expand, these disconnected applications result in inaccurate, obsolete data that can sometimes become costly to maintain. Most small to medium-sized companies often believe that only large corporations require an ERP solution. However, that is far from the truth. In fact, small businesses need to invest in ERP, and they can’t afford to wait.
There’s no doubt that the implementation of NetSuite is highly beneficial for most companies. However, despite it being a SaaS (software-as-a-service), NetSuite needs to be implemented within the company effectively for optimal results. You cannot simply subscribe to the software and expect to start using it immediately.
The reason you are reading this post is because you are either evaluating NetSuite ERP or have just purchased NetSuite licenses and are looking out for how to successfully do a NetSuite Implementation or because you are trying to find a NetSuite Partner. In either case you are at the right place.
If you need to run your business on a unified platform NetSuite is your best option. You get every thing from CRM, Accounting, Financial management, Inventory management, Supply chain, Project management, Order to cash, Procure to pay, Manufacturing in one single system. You name it and you should ideally have it in NetSuite.
When you’re ready to deploy a new ERP, selecting the right software is only one part of it. The success of your ERP implementation depends on finding the right ERP partner. ERP deployment is a complex undertaking. You need a trusted partner who can execute your requirements while offering guidance and leadership throughout the process. The ideal ERP partner will work with you from deployment plan to support.
Despite today’s business environments becoming increasingly challenging, the desire for growth remains a constant factor for every entrepreneur, start-up or growing business owner. Every business faces both challenges and opportunities from new technologies, innovative business models, unforeseen competition or even rapidly shifting consumer behaviors. And to keep growing, businesses must adapt and transform their systems in a way that embraces these changes at the right time. When it comes to finances, it’s crucial that your choice of accounting system not only allows for, but also promotes business growth–instead of obstructing your business’ journey to greater heights.
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