It is most natural for startups and small businesses to watch out for their finance line. In the process, a lot of businesses end up losing money investing on small time and patchwork solutions to manage their operations as these are neither cloud-based nor scaleable. As operations grow, these applications standout as disconnected entities with loads of data that need to interconnect, but are not! More and more errors start cropping up with an upward moving graph of customer dissatisfaction, all leading to tarnished reputation and diminishing returns!
Market analysis by a leading consult shows that businesses have one-in-three chances of surviving in the next 5 years! With the scenario being so grim, it only makes sense to start off with the right tools and applications that run the scene behind your business. Startups and small businesses have long realized that regardless of the industry vertical, they need a system that is engineered for rapid growth, scales by design, expands internationally, and future-proofs operations to surge ahead.
Pulling off the perfect fit with NetSuite
NetSuite is a cloud-based Enterprise Resource Planning (ERP) software solution designed to grow with startups and small business and come at affordable costs. It provides real-time visibility into your business’s data as it is equipped with built-in business intelligence tools. This lets you make informed decisions in line with your operations to help trigger its growth.
This ERP is a complete business solution replete with a full suite of software tools, such as e-commerce, financials, supply chain management, order management, human resources, and many more. Each of these applications are robust, role-based, user-friendly letting each user navigate easily based on responsibilities in the respective departments. As a business owner, you get an end-to-end picture of the different processes along with real-time data at all stages. You are always in good position to spot and capitalize each strength, and optimize every weakness letting your business grow all the time. Additionally, as a cloud-based solution, it helps reduce IT spends significantly without compromising operational quality.
Currently, NetSuite runs across the globe powering operations such as Accounting, Financial management, e-Commerce, Inventory Management, Product management, Customer relationship Management (CRM), Supply chain and much more. As a startup or small business, you can opt for any module that suits your operations and customize it at most affordable costs. It gives you and your employees the power to access data anytime and anywhere letting your operations roll on without interruption.
NetSuite offerings on the go
Startups and small business owners will always want a system that is up and running in no time. This is where NetSuite’s ERP fits in perfectly with its authorized partners setting up customized solutions in minimal timeframe.
A standard NetSuite solutions comes with KPI’s, dashboards, work roles and pre-set reports all based on common industry functionalities.
Modules with unique capabilities of offer include:
- Finance & Accounting software that includes Accounts Payable, Accounts Receivables, financial reporting and others
- Inventory Management platform
- Order Management
- Warehouse management
- Supply Chain management
- Time & Expense management
- Customer Relationship Management Systems
- Project Service Resource Management such as Project Accounting and Project Management
- Workforce Management
- Human Resources management
- Marketing automation and more.
Each of these modules again come with Advanced Modules within themselves that are created to the advanced operation needs as per the business’s volume and complexity of its requirements.
Advanced modules include:
- Advanced Order management
- Advanced Procurement Warehouse management
Benefits of using NetSuite ERP for startups & small growing businesses
Businesses that opt for NetSuite customized solutions enjoy the advantage of using the NetSuite platform reducing all IT cost incurring. Each startup or small business caters to a specific operation niche and the global ERP can be tailored exactly as per needs. The solutions are completely scalable, letting businesses growth accommodates on the go without any interruption of process or data hassle. When you opt for the initial edition of the solution as a startup or small business, you do not get a watered-down version. It is a full system that is specifically designed to cater to the needs of the smaller operation that can be expanded at any point in time as needed. These solutions are relatively inexpensive letting your business enjoy higher return on investment quickly.