What Makes NetSuite Different and a Fit for Me?
You have a penchant for cloud-based software, and all-in-one solutions. NetSuite is the only enterprise accounting system to meet both your requirements. True browser-only software, and a suite of integrated subscription options, allows you to manage end-to-end business processes, including sales, sourcing, inventory, financials/reporting, and HR, from a single platform. Behind it, there’s one database capturing all transactions, giving you visibility and planning options for everything that makes your business tick. A critical fit for inventory, manufacturing, E-commerce, retail, or advanced professional service companies. What’s more, options for international companies with multi-language, currency, and business unit requirements.
Read About What Makes NetSuite Different
Here are seven reasons that differentiate NetSuite from other enterprise accounting software, and why it makes a difference to your business:
- Cloud Base – NetSuite is true cloud-based software, giving you maintenance free access from a browser, tablet, or smartphone. Cloud transforms your business operations, moving you away from the constraints of premise-based software from Microsoft and Sage, and unlike offerings from Acumatica, which claims “cloud,” but requires your hosting and maintenance.
- Scope – Very broad scope. That is, as the name implies, a “suite” of subscription options to choose from. Start with core accounting/ reporting and customer relationship management (CRM). Add E-commerce, inventory management, HR, and a host of other features specific to your business. Difference? Manage all of your workflows from a single system.
- Delivery – Besides accessing the entire NetSuite stack from a browser, there’s mobile apps for both iPhone and Android. Think of it, get real-time business updates about the important stuff: sales, cash, receivables, and commitments straight from your phone. NetSuite updates their mobile apps concurrent to their semi-annual updates.
- International Reach – NetSuite offers companies doing business internationally a host of options. NetSuite OneWorld allows your business to transact, communicate, and report, using local currencies, languages, and methods. Then, consolidate all result into a single worldwide reporting currency for your management team and Board.
- Inventory Management – If you’re an inventory-based or manufacturing business, there’s a full set of options to meet physical inventory and distribution requirements, including resource planning, shipping, receiving, and returns. Remember, your entire organization is working from a common database and set of workflows, meaning distributed operations can see, and act on it all.
- CRM – Included in your NetSuite subscription is customer relationship management. NetSuite CRM allows your organization to check inventory, book sales, automate marketing, and keep current on demand, without a separate CRM system and vendor. All key to streamlining your operations, managing customers, getting immediate feedback, and planning.
- E-Commerce – Transact business on the Web or manage a supply chain? NetSuite delivers with online options, like E-commerce hosting, an integrate shopping cart, payment processing, and customer account management. Or, extend the E-commerce process even further with options for procurement, production, and planning. All NetSuite managed services.
See a NetSuite video about why every enterprise is a cloud company
Why a Suite, and What’s NetSuite’s Suite Approach?
Financial suites allow companies to manage multiple dependent processes, like sales, inventory, procurement, and resource planning, in a single system. That is, sales affects inventory, procurement, and production, so I better be able to manage and report on them together. Enter NetSuite, and the advent of enterprise software capable of managing all of these processes, in the Cloud, and across multiple geographies. The value of an “all-in-one” approach also addresses the inefficiency of multiple vendors, integrations, and databases. For with a suite, there’s a unified system, and purveyor.
NetSuite’s suite approach starts with a common database. Sales (“CRM”), production and accounting (“ERP”), and Web participants (“E-commerce”) all contribute data, regardless of geography, or what currency they’re transacting in. Because it’s Cloud, there’s no delay in the posting and reporting of data. The advantages are significant. You run your business operations in real-time, with total visibility of sales, production, procurement, and resources. NetSuite is unique in its ability to manage this suite approach in the Cloud.
Our Work with NetSuite
As a NetSuite Referral Partner, we lend our expertise with systems, and as CPAs, to the maintenance and support of NetSuite. Specific to this effort is our expertise in financial reporting, metrics, and GAAP accounting, which we incorporate into NetSuite reporting, consolidation, and financial statement review engagements. Additionally, our project management and implementation skills help manage your transition to NetSuite. To build working knowledge, our staff has been certified in the following:
- NetSuite Essentials
- NetSuite OpenAir Essentials
- SuiteAnalytics: Financial Reporting
- NetSuite Sales Enablement
Our twelve year history and expertise with cloud accounting systems gives us unique insight into the value of the NetSuite platform. This works to your advantage as our discovery process, experience, and accounting expertise work together to help you optimize your use of NetSuite.
Concerned About Managing Risk? We Are Too.
Managing risk is the highest priority in our partnership with you. That’s why we ensure our preferred software providers, like NetSuite, are backed by the highest level of protection, certifications, and review. It’s also why we take the design and implementation of your project so seriously. Here’s what NetSuite’s doing about managing risk:
- Hosting in geographically separated data centers
- Securing data center performance audits
- Passing the SSAE 16 Type II audit (completed by Big Four firm)
- Guaranteeing 99.5% uptime (outside a scheduled service window)
- Offering role-level access, IP address restrictions, hardened passwords
- Building on a long history of managing client records (since 1998)
What’s the Value Proposition of NetSuite and ROI?
NetSuite’s value proposition starts with delivery – it’s Cloud – meaning you reduce IT staff costs, and no longer pay for hosting infrastructure and upgrades to keep software in-house, or with a 3rd party vendor, like Microsoft. Also, software and services for remote connection are eliminated, because all you need is a browser, tablet, or smart phone. Subscriptions include NetSuite CRM, giving you price leverage from combining solutions, and, other modules are optional, allowing you to pay for what you need. Because it’s a suite, applications work together, without otherwise required middleware and accompanying costs. Transacting in other countries? You won’t need to add another system, just add multi-language.
It all adds-up to significant ROI. Market expert Nucleus studied small and medium size businesses and published these findings, “Nucleus calculated the ROI achieved by using cloud ERP, ranging from 73 percent to 589 percent, with most companies reporting ROI higher than 150 percent. The payback of the cloud ERP solutions analyzed by Nucleus ranged from 2 months to 1.9 years with average annual benefits from $72,790 to $715,603…NetSuite customers told Nucleus, “Now, on IT, we’re spending at least 40 percent less” and “We’ve probably saved 50 percent on IT.”
NetSuite Looks Good. I Want More Information.
In just a few minutes you can see the benefits NetSuite will have for your business. Call us at 312.461.0505, or leave your contact information below. You can also register for a demo or video using links under “NetSuite Demos and Videos.” It would be our pleasure to assist you.
NetSuite Demos & Videos
Visit the NetSuite corporate site for additional information about NetSuite.
NetSuite Spec Sheet
NetSuite Spec Sheet
|Differentiators||NetSuite distinguishes itself as business management software for some of the following reasons:
|Industries Served||NetSuite is a proven fit for the following industries/market verticals:
|Advanced Features||Advanced processing, integration, and reporting features natively available in NetSuite:
|Products||NetSuite offers the following core products:
|Security & Uptime||NetSuite maintains high standards for security, certification, and uptime as supported by the following:
|Endorsements & Awards||The following organizations have recognized NetSuite for excellence in development and growth:
|NetSuite SuiteApp||3rd party developers extend NetSuite’s functionality by offering solutions for payment execution, transaction processing, and integration. Select marketplace vendors include:
|Subscription Arrangements||NetSuite is licensed by subscription as “browser only,” with some of the following contract features:
|Learn More||Want to learn more about NetSuite? NDH Group is a twelve plus year cloud accounting partner, with the expertise to support your businesses in it’s pursuit of greater automation, reporting visibility, and system customization. Let us help you realize high returns from implementing NetSuite.