When it comes to improving your business outcomes, the right software can make all the difference. While there are many tools designed to improve companies’ financial management practices, not all are created equal. Netsuite ERP is consistently awarded as one of the best scalable cloud solutions for growing companies, and for good reason. Here are three ways you can improve your business with Netsuite ERP.
1. Real-Time Financial Data Visibility
Netsuite’s advanced platform is designed to address financial management concerns for a wide swath of industries. Customized dashboards cover everything from software development and advertising to government and IT services. These specially designed dashboards make it easier to collect and manage financial information from sales and other departments.
These platforms can be especially helpful for sales teams. Shared customer profiles keep everyone informed of a prospect’s status in the buyer’s journey, helping improve close rates. Expense management tracking and other integrations further support your business goals by providing a fuller picture of your company’s financial standing.
2. Smarter Forecasting & Analytics
With more robust data in hand, Netsuite ERP provides a reliable resource for business analytics and forecasting. Real-time dashboards give business owners the ability to create accurate, up-to-date reports. This makes it easier to correctly identify current trends so you can take appropriate action to address current challenges and potential opportunities.
This same information can then be applied to business forecasting. Drawing from current and historical trends allows the Netsuite software to provide probability-based forecasting. This makes it easier to plan for the future to ensure favourable business outcomes.
3. End-to-End Inventory Management
In addition to its financial management solutions, Netsuite ERP also provides end-to-end inventory management. This allows your team to consolidate various separate inventory tracking systems into a single integrated setup. This allows for better control and understanding of the entire product lifecycle, ensuring greater accuracy and more reliable results for your customers.
By consolidating all inbound and outbound logistics under one program, you can reduce the risk of human error and ensure that products are delivered to customers on an efficient timetable.
Conclusion
Over 16,000 businesses use Netsuite ERP thanks to its convenient and robust range of features. Better yet, because it is a cloud-based platform, you don’t have to worry about hosting the application on-site or investing in additional hardware. Cloud-based deployment allows your entire team to have convenient access to the information they need to help your company achieve better results than ever before.