Running a business in today’s busy, non-stop environment means that you have to keep up and wear many different hats. From customer service and human resources to supply chain and inventory management, one slip-up or inaccuracy in the systems can completely throw things off and have a direct impact on your business’ growth and profitability.
You, of course, can implement manual processes but that can lead to errors and delays that can cost your business lots of money. You also have the option of various software applications but that can lead to miscommunications between employees and departments, causing an unnecessary headache.
In order for your business to stay competitive in its market, have a strong communication system, and to maintain profitability, you’re going to need to integrate an ERP solution that can take all business processes, key functions, and various software applications and consolidate it all into one solution that allows you to automate workflows and improve overall efficiency with the business. This one-stop-shop solution to meet all business operational needs is NetSuite.
What is NetSuite?
NetSuite is a cloud-based software that allows businesses to control all their important functions and key processes in one complete system. This software gives businesses the ability to do a multitude of tasks like manage inventory and monitor finances, as well as, help businesses maintain positive CRM systems… and that’s just the tip of the iceberg as to all the services NetSuite provides to businesses.
How Your Business Will Benefit From NetSuite
It’s pretty apparent that to successfully run a business in today’s day and age, you have to be a fast learner to be able to keep up in such a fast-paced environment. More and more businesses are looking for ways to cut operational costs and work more efficiently, therefore more businesses are becoming more reliant upon ERP modules and businesses are looking to NetSuite ERP for their solutions.
NetSuite is software but it’s important to understand that it’s not just some software that you can just pop in your computer and get to work with. It does have an easy setup but to get your business properly set up with the system, it’s recommended you seek guidance from professional NetSuite ERP consultants to help you optimize your NetSuite solutions. Here’s how your business will benefit from NetSuite.
Staff Training
It’s important to consider a professional NetSuite ERP consultant for training purposes to help staff and employees understand certain processes. Studies have shown that investing in employee training not only improves productivity but it also improves staff retention and loyalty as well.
The Harvard Business Review states that employee training can be extremely powerful when there is proof that there is an undeveloped skill or learning deficiency in a particular area. So whether it’s the actual consultant educating staff or if the consultant educates you first and then you develop an employee training program from the knowledge you gained from the consultant, it’s important to invest in the development of your employees.
Single Application
The best part about NetSuite is that it’s a single application, meaning that the software was designed to manage an entire business from its initiation. This unified application handles every system, function, and operation of a business including:
- Project Recovery
- Workflow
- Help desk
- Health checks
- Expansion
- Dashboards and reports
- Implementations
You name it, NetSuite has it and it’s all found on the same platform on one database… that’s why it’s a business’ one-stop-shop.
Scalability
NetSuite is the perfect solution for fast-growing companies. Maybe you have a few local businesses but decide to take the business global… NetSuite has the capabilities to easily scale your business to that extent. Whether your business grows vertically or horizontally, NetSuite can add more users to the subscription or add additional modules to the system. The main thing to takeaway is that there is no limit that can be placed on your business’ growth.
Visibility
Visibility in real-time is key to making important business decisions. Typically, when searching for specific data, business owners would have to extract information from various locations to get the information they need. With NetSuite, the information is all there and can be accessed instantly, allowing for accurate reports reflective of real-time results, which then can be attributed to making faster, well-informed decisions.
Automated Workflow
Because of advancements in technology, many businesses are reliant upon workflow automation to manage their business operations. Automation in workflow not only implements consistency in many processes but it also creates a standardization that ensures customer engagement is managed is a consistent way as well. It creates a routine and sense of “normalcy,” making it easy to identify problems when they arise.