What Can NetSuite Do For Your Growing Business?

Here are the core functionalities that growing companies get when they replace their aging systems, disparate applications and spreadsheets with NetSuite’s cloud-based Enterprise Resource Planning platform.

By bringing all of an organization’s departments and their data onto a single system, Enterprise Resource Planning (ERP) platforms help companies centralize data, increase operational visibility, organize their workflows and leverage the power of real-time reporting. Born in the cloud, NetSuite provides these and other benefits to users on a 24/7/365 basis, so everyone always knows that they’re working from the same playbook.

Supported by an experienced implementation partner like Vursor, NetSuite can be up and running quickly using unique methodology, which relies on the best practices established across thousands of successful ERP implementations. Vursor also provides the integration and customization support that organizations need to fully optimize their investment in NetSuite.

“Based on the many NetSuite implementations we’ve handled as a NetSuite Alliance Partner, we can bespoke the system to meet the needs of any organization, whether that means connecting the ERP to third-party applications or creating scripts that address the company’s specific requirements,” said Ed Cook, Vursor’s head of sales. “Our team of highly-skilled consultants knows how to implement, customize and personalize NetSuite, thus allowing our clients to get the highest return on investment (ROI) on their ERP investment.”

Run Your Business on a Single Platform
NetSuite helps growing companies across industries replace their manual processes, disconnected software systems and spreadsheets with an automated, centralized solution that manages their end-to-end operations. From automating financial processes to optimizing inventory management to increasing warehouse efficiency (and more), NetSuite automates and streamlines processes that growing companies typically must allocate time, energy and resources to.

“NetSuite empowers any firm to run its entire business from a single platform,” NetSuite’s Ian McCue writes in What Is NetSuite and How Does It Work? “It brings together finance, supply chain, manufacturing, HR and ecommerce on one system, with one database, rather than using disparate software for each of those functions. Employees simply log in and, with a few clicks, monitor the status and performance of any aspect of their operations.”

Adaptable to any type of business, NetSuite core features include:

Financial management: The ERP’s financial management solution handles bookkeeping tasks by automatically updating the general ledger (GL), tracking accounts receivable (AR) and accounts payable (AP) and submitting invoices.  

Planning and budgeting: Give your business leaders everything they need to create detailed departmental or company-wide budgets and forecasts. NetSuite’s Planning and Budgeting also gives financial analysts access to statistical models that allow them to run “what-if” scenarios that forecast expenses, revenue and other metrics.

Invoicing and billing: SuiteBilling automates the invoicing and billing processes and supports transaction, subscription, usage-based and other billing models. This, in turn, reduces the complexity of financial management for organizations.

Inventory management: With NetSuite, you get a single view of inventory across all of your channels and locations. That inventory is automatically updated in real-time, reorder points can be pre-set and procurement employees are alerted when it’s time to replenish.

Order management: Manage the complete order lifecycle—from receipt through delivery—as orders are placed, released, fulfilled, shipped and settled with the customer.

Procurement: Businesses can save substantial time and money by improving the complete procure-to-pay process. You can keep a list of approved vendors, collect quotes and automate purchase orders all within NetSuite. You can also manage vendor payments and do 3-way matching.

Warehouse Management System (WMS): NetSuite WMS builds on the ERP’s native inventory management capabilities while also adding functionality for order put-away, order picking, barcode scanning and returns authorization. NetSuite also supports mobile devices and optimizes warehouse routing. 

Manufacturing: Built for companies that make or assemble products, NetSuite’s Manufacturing module supports production planning and scheduling, shop-floor management, and production monitoring.

Demand Planning: Plan future demand for the products and services you offer based on historical data, new opportunities or imported sales forecasts.    

Customer Relationship Management (CRM): Use NetSuite’s native CRM to get a 360-degree view of your customers and to efficiently manage leads and quotes.

E-Commerce: With NetSuite SuiteCommerce, you can launch and manage mobile-friendly e-commerce sites with user-friendly tools.  

SuiteApps: Developed by NetSuite and its partners, SuiteApps extend the ERP’s capabilities through additional functionality or integrations with other software as a service (SaaS) solutions.  

Payroll: NetSuite Payroll automates calculations of earnings, deductions, taxes, bonuses and paid time off, accounting for variations in taxes across the U.S.  

Human Resources:  SuitePeople stores personnel information, guides new hires through onboarding and tracks promotions and compensation changes. It also gives employees self-service tools for handling tasks on their own.

Professional Services Automation (PSA): Designed for services companies or services divisions within product companies, NetSuite’s PSA tools provide project and resource management, billing, time and expense management and project accounting capabilities.  

Global business management: Using NetSuite OneWorld, you can manage all of your multinational and multi-subsidiary companies on a single system. OneWorld supports diverse currencies, languages, tax laws and reporting requirements.

Your One-Stop NetSuite Shop
Vursor applies a customer centric methodology that begins at the first planning meeting and extends through all the post-go-live support that your company requires. We’re here for you throughout the entire process, serving as a trusted partner in your ERP implementation, usage and optimization journey.

Whether we’re creating tailor-made solutions that fulfill your enterprise requirements, helping you connect your new ERP with your existing third-party applications, or writing scripts that support specific internal processes, we’re on your side throughout your digital journey. In return, you get peace of mind knowing that your NetSuite partner has everything covered while you focus on what’s most important: running and growing your business.