Starting a business can be pretty difficult. You pour all of your time and energy into your startup, spread word, and keep active on about five social media platforms, all while having to track financials, coordinate projects, and satisfy customers. Depending on the size of your starting team and what you have available, it can often seem overwhelming. And then, before you know it— things take off. Suddenly you have more orders, more data, more everything. What to you do?
Well, first, you make your life simpler by investing in Netsuite. Then, you grow your service tier as needed. Suddenly, everything is well organized and at your fingertips.
What Is NetSuite?
NetSuite is a cloud-based Enterprise Resource Planning (ERP) system. Run by Oracle, NetSuite helps you track all of your businesses’ data, from financial management to calendar coordination, even sales and customer service. Oracle supplies the infrastructure and continually updates its functionality. They even host the servers. All you need to do is pay a subscription fee, customize your UI, and set up your database (they’ll help).
Key NetSuite Features
- Customer Relationship Management (CRM)
- E-Commerce Abilities
- Financial Management
- Inventory Management
- Order Management
- Project Management
- Team Calendar Management
Because NetSuite is in the cloud, you can access your data anywhere and from any device. All data is kept up to date, and you can even work to automate processes. This allows you to make informed decisions about your company’s growth and investments at any given moment. The data is also available to your entire team, though you can customize their access with roles.
What Is Scalability in Regard to ERPs?
Database traffic has limits. As your business takes off, you may find that you’re hitting your monthly transaction limits or that the number of users trying to access your sales channels is bottlenecking bandwidth. Three key functionalities determine the performance of your NetSuite implementation: Monthly Transaction Line Volume, Number of Users, and Concurrency Limits. If you find that your business growth has led to overwhelming your ERP, you may find unsatisfied customers and delays leading to lower productivity and efficiency.
With NetSuite, this isn’t as big of a problem. NetSuite offers their subscription in what’s called “Service Tiers.” As your business grows, it’s easy to contact NetSuite and upgrade your tier and get functionality back on track. This is pivotal during a big boom— if your sudden influx of customers all leave disappointed, it can break your growth cycle for months. With NetSuite, the solution is a phone call away.
Implementation and The Learning Curve
Unfortunately, some companies don’t take full advantage of ERPs. They may wait too long to sign up and then have trouble determining what functionality they actually need. Or, they’re being pulled in so many directions that learning how to use the dashboard is overwhelming. Some companies will drop the software. Others won’t realize they need to upgrade functionality. Mistakes can pile on mistakes.
It’s ok. You never learn without the occasional failure, and that includes implementing new software. You don’t have to tackle this alone. Oracle has collaborated with specialized consulting firms like getgsi.com to help. Let’s look at GSI as an example. They are staffed by teams of experts that can save your NetSuite implementation, reconfigure your customizations to actually meet your business needs, and manage the software until you and your team are familiar with the process and ready to take over.
Using an ERP like NetSuite is all about making your life simpler by streamlining and, in parts, automating your business operation processes. Sometimes companies just need a little extra help to figure out exactly what they need, and Oracle Platinum Partners like GSI can translate business to technology and back.
Choosing NetSuite for Your Growing Business
Selecting the right business management platform is crucial for the growth and success of your business. With a myriad of options available, NetSuite stands out as a leading choice for businesses of all sizes, particularly those experiencing rapid growth. NetSuite offers a scalable platform that provides the key tools and features needed to manage and streamline your expanding operations.
One of the primary reasons to choose NetSuite for your growing business is its ability to adapt and scale alongside your evolving needs. As your business expands, NetSuite’s scalable platform ensures that you can seamlessly handle increased data volume, user load, and transactional demands. This scalability enables you to maintain optimal performance and efficiency without the need for extensive system upgrades or migrations.
NetSuite’s comprehensive suite of features and capabilities covers a wide range of business functions, including financial management, customer relationship management (CRM), inventory management, order fulfillment, e-commerce, and more. This integrated approach allows for efficient data flow and collaboration across departments, enabling better decision-making and improved operational effectiveness.
Furthermore, it provides customization options that cater to your unique business requirements. The platform offers a high degree of flexibility, allowing you to tailor workflows, reports, and dashboards to suit your specific processes and preferences. This customization capability ensures that NetSuite aligns with your business model and supports your growth trajectory, rather than imposing rigid structures.
In addition to its powerful features, NetSuite emphasizes data security and protection. With rising concerns about cyber threats and data breaches, choosing a reliable and secure platform is paramount. NetSuite’s robust security measures, including data encryption, access controls, and regular system updates, help safeguard your critical business information and provide peace of mind.
Get on Top of Growth
Investing in NetSuite helps take a load off of your shoulders so that you can concentrate on your growing business and customer satisfaction. NetSuite even offers CRM capabilities to streamline the customer experience and satisfaction. While you may have a sharper learning curve if you sign up with NetSuite later in the game, taking the time to understand the system is worth it in the long run. You’re promoting efficiency in all departments and allowing your team access to real-time data and comprehensive project management.
Technology is the key to innovation, and innovation is the key to a successful business. Don’t get left in the digital dust— make use of all the modern tools at your disposal, and watch your business thrive.