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Oracle NetSuite ERP. A complete ERP for your Business

Admin Jan 17th, 2019

What is NetSuite?

NetSuite is the world’s leading cloud ERP and a software as a service (SaaS) pioneer in providing business solutions. It is trusted by more than 40,000 organizations and subsidiaries worldwide. See more here for a breakdown of companies using NetSuite across the globe.

NetSuite ERP is a scalable ERP solution customized for the needs of high-growth, large enterprises as well as mid-sized businesses. NetSuite ERP enables organizations to manage IT costs, optimize accounting efficiency, streamline order management and procurement processes, eliminate manually-intensive spreadsheet-based reporting, and improve employee productivity.

Highlights of NetSuite Solutions:

Comprehensive Accounting and Finance:

  • End-to-end visibility into your receivables and payables
  • Inventory fulfillment
  • fixed asset lifecycle tracking and reporting
  • project accounting and reporting on project financials
  • Full-service payroll processing

Financial Close Management:

  • streamlining the close process with capabilities to manage period-end activities
  • Period locking to prevent incorrect postings to future periods
  • Period close checklist of tasks to be completed sequentially
  • Financial adjustments for inter-company transactions, foreign currency revaluation and inventory.

Effective Compliance and Controls:

  • financial reporting in accordance with multiple accounting standards (e.g. GAAP, IFRS) using multi-book accounting capabilities.
  • compliance with various accounting standards and practices, and government regulations efficiently
  • Pre-built tax filing and reporting tools that are country-specific
  • Audit trail visibility into detailed transaction history and reports

Real-Time Reporting and Analytics Anywhere:

  • Personalized dashboards to monitor the KPIs important to any role, from the executive to staff
  • Pre-built accounting reports and an easy to-use report builder for customizing ad-hoc reports
  • Consolidated financial reporting for multiple subsidiaries and currencies
  • Access to information on-the-go with a mobile device

NetSuite Partners:

NetSuite has thousands of partners who can deliver custom ERP solutions for businesses who use NetSuite.

Here are a few categories of NetSuite Partners:   

Solution Partners: business application experts who deliver complete NetSuite cloud computing solutions, from selling NetSuite licenses to implementation and support.

Alliance Partners: providers of business transformation consulting services as well as integration and implementation services

Developers: third-party “Built for NetSuite” applications for vertical industries or specific business processes, such as shipping, EDI, HR, marketing, electronic signatures, sales tax automation and more.

BPO Partners: providers of BPO services and Business Process as a Service (BPaaS) solutions based on NetSuite

Accountants: accounting firms providing their accounting services to NetSuite customers.

Commerce Agencies: creative agencies and system integrators providing NetSuite customers with superior interactivity, functionality and aesthetics for great online experiences