NetSuite’s Growing Popularity among SMEs

NetSuite, a cloud-based business management system, is quickly becoming the go-to solution for many small and medium businesses. One of the reasons that NetSuite has grown in popularity among SMEs is its scalability – it can be tailored to your needs without any compromise on functionality. It also offers affordable pricing plans based on your company’s size and the number of employees.

NetSuite scales with your needs without sacrificing functionality

NetSuite is designed to scale as your business grows without sacrificing core functionality along the way. Whether you start with a few employees and need more advanced customer relationship management, or want to move beyond basic accounting into high-level financial reporting, NetSuite can grow with you at an affordable rate that won’t break the bank. 

NetSuite distributes its cost

NetSuite has a relatively cheaper upfront cost against on-premise business systems because it’s on a subscription (Software-as-a-Service or SaaS) licensing model. Therefore, your company can scale without worrying about software license renewals. On-premise business systems, on the other hand, require an upfront investment for purchasing licenses and additional fees throughout the year to use them. This makes NetSuite only a part of a company’s operating expense which is a friendlier option for SMEs.

NetSuite helps small businesses quickly adapt to rapid changes

SMEs can be on the cutting edge of technology, but they’re often required to use a variety of different business tools for finance and accounting, human resources management, sales and marketing. Using a range of solutions just creates more work – from transferring data between systems to managing multiple vendors. Not only is this time-consuming it also requires you to spend more money on multiple solutions. NetSuite allows you to manage your entire business from a single platform, creating efficiencies that are truly unparalleled in the SMB space. 

NetSuite offers advanced financial innovations for small businesses

One of the biggest benefits of NetSuite is that it’s built on an open architecture so you can be sure all your data will integrate across modules and solutions. It also means new software innovation works with existing systems to help extend functionality. Some examples include:

• • Finance capabilities that can scale with your business
  • Real-time data analysis tools to help you make the best decisions
  • Point of sale, customer relationship management and order entry modules.

Each module in NetSuite is designed for specific tasks so your employees can work smarter instead of harder. For example, your customer relationship management system will help you manage leads and contact history whereas your order entry system will automate inventory visibility and pricing analytics.

Some functionalities small business can take advantage of:

• • Productivity Tools
    • Executive Dashboard and KPIs
    • File Management and Sharing
  • Lead Management
    • Order processing
    • Fulfillment
  • Finance & Accounting
    • General Ledger
    • Accounts receivable
    • Accounts Payable
  • Employee management
  • Online presence
    • Website 
    • eCommerce

See the 5 Best NetSuite Modules for Small Businesses

NetSuite has the Best CRM and ERP combination

One of the main benefits of NetSuite is that it’s designed to provide both CRM and ERP capabilities in one package. This is important because your customer relationship management system should be tightly integrated with the back-end of your business.

For example, if you need to track an order or identify a lead’s territory for sales purposes, it needs to be easily accessible from both CRM and ERP systems so that all employees can benefit from this information. NetSuite has a dedicated CRM and ERP team that works together to ensure this integration.