NetSuite ERP for large scale enterprises
NetSuite ERP for large scale enterprises
NetSuite ERP is a cloud-based software for business management. It consists of a unified solution encompassing different business functions such as manufacturing, inventory management, logistics, supply chain management, finance, and sales. A cloud ERP offers a 360-degree view of each activity of your business – whether you are a new growing business or a well-established large-scale multinational company. Businesses can make informed decisions, increase productivity, and maximize revenue with an integrated cloud-based ERP like NetSuite.
Key features of the cloud ERP required for smooth operations of a large enterprise
Large-scale companies invest in bulk production leading to many economic benefits. They source large volumes of raw materials and produce goods on a large scale. Large corporations need a unified solution to help them manage their business operations and make informed decisions to reduce costs, optimize operations, optimally utilize resources and increase profits. NetSuite ERP is the perfect solution for big companies looking forward to managing their diverse functions and growing profits.
ERP for large enterprises supports backend and frontend functions enabling the organization to achieve its goals. The ERP manages financial management, inventory management, supply chain, and administrative tasks. The software offers end-to-end management of all business activities, reduces, or eliminates manual processing, and integrates efficiency. Different departments and teams can access the information they need with a few clicks facilitating faster decision-making.
The following are the critical features of NetSuite solution necessary for large enterprises:
Manufacturing:
One of the modules in the ERPs for large enterprises is focused on manufacturing, with which businesses can optimize their large-scale procurement and production, product packaging and tracking, and ensure smooth workflow management. Companies can track the product lifecycle- from sourcing raw materials to delivering finished products. They can anticipate demand, optimally utilize their resources, and prevent wastage.
Financial Management:
Finance is one of the most important aspects of any business. The cloud ERP has a financial management module consolidating information on finances and providing insights into its correct allocation. Companies can track accounts payable, accounts receivable, and other components to monitor their finances. Large corporations must comprehend vast volumes of data across different departments and locations. The module helps them get deep insights and gauge the feasibility of each department and business unit locally and internationally.
Supply Chain Management:
The ERP for large enterprises helps businesses track all the processes in the supply chain management, like procurement of raw materials, inventory management, and streamlining logistics for timely delivery of the finished products to meet the demand consistently. The cloud ERP enables businesses to optimize processes and make them more efficient with real-time data and insights. It gives them a competitive edge, reduces costs, and increases efficiency. With this cloud-based software, large companies can improve their supply chain, continuously meet customers’ demands, and run their businesses cost-effectively.
Marketing:
The ERP covers sales and marketing functions that assist the concerned departments in optimizing customer engagement and increasing sales. The sales team can track purchase orders, ensure order fulfilment, raise invoices, follow up with payments, receive payments, and process return orders. The sales team can always keep track of the customer journey and get updates on the evolving customer relationship. The cloud ERP gives them real-time information, which helps in customer retention. The team can understand the customers’ mindset and tap opportunities for cross-selling and upselling. The marketing team can also understand the customers’ preferences and behavior and curate marketing campaigns to resonate with the target audience. It can make its campaigns successful by aligning with the customers’ thought processes and increasing customer engagement.
Human Resource Management:
One of the modules of the NetSuite ERP is human resource management. It manages various components such as attendance, payroll, compensation & benefits management. The ERP enables the talent acquisition team to comply with global tax rules and avoid errors. Accurate salary and wage processing saves time and increases employee satisfaction.
Key benefits NetSuite has to offer to the large enterprises
NetSuite for large companies meets the evolving requirements of large-scale corporations to maximize their revenue and overcome the challenges of a competitive marketplace.
Automation-induced Efficiency:
The ERP infuses automation into every process, ensuring increased productivity and enhanced efficiency. Each operation works efficiently, and the business on the whole works seamlessly and yields better results. The ERP automates tedious, manual, and repetitive tasks, which makes daily operations more manageable, and the business can achieve its goals within the defined timelines. The company need not manually look into the repetitive tasks; instead, they can focus on customer acquisition and retention and increase profitability. Automation eliminates human errors and ensures 100% accuracy.
With ERP integration, business operations require less human intervention enabling large-scale organizations to handle complex challenges and promote business growth.
Reporting Capabilities:
ERP software is embedded with reporting capabilities with customizable dashboards. It makes it easier for businesses to comprehend data and make informed decisions. Visual representations help decision-makers take action quickly, tap existing opportunities, anticipate challenges, and put business functions back on track. In-depth, actionable insights give business clarity on the efficacy of its operations. It helps improve processes and ensure the output aligns with the company’s objectives.
CRM Integration:
NetSuite ERP offers integration capabilities with all the popular CRM software. It empowers the business to benefit from the combined data of the CRM and reporting capabilities of the software. The CRM acts as a centralized repository providing information on the customer journey, sales history, billing information, etc., in one place. The ERP offers actionable insights in real-time, enabling the business to easily track the customer journey and take prompt actions to provide an enhanced CX. They can know the pulse of the customers and constantly strive to offer high customer satisfaction.
Prevents wastage of resources:
The cloud ERP provides deep insights into all the business activities with easy-to-understand visual representation enabling the organization to optimize operations and improve efficiency. The data offers real-time insights allowing the business to anticipate challenges and forecast the demand. It lets them streamline inventory management, reduce dead stock, and run operations cost-efficiently, eliminating non-productive spending.
How NetSuite ERP supports the growth of large enterprises.
ERP for large enterprises is a complete call management solution helping businesses be ahead of the curve. The company can easily access all the financial and operational data from informative dashboards. The dashboard’s reporting analytics feature provides data on different business functions and offers easy-to-understand insights. The actionable insights trigger immediate responses from the concerned departments.
Ensure the greater success of global operations:
Large-scale companies need to manage their global operations efficiently. A business may have different franchises, sister concerns, and business units worldwide. The Cloud ERP will help large companies to manage all their operations with one ERP. The ERP for large enterprises breaks down the data on different hierarchy and operational levels. It provides in-depth insights into each unit run, owned, co-owned, and franchised or leased by the large-scale business. It can track the efficiency of all the business units in different countries and get real-time visibility into the functions of its various entities across the globe.
Increased productivity:
The NetSuite ERP for large companies unifies all the business processes and provides consolidated data on their performance. For instance, the software offers alerts on inventory levels and alerts with timely notifications about replenishment levels and procurement. So, a business can sync its manufacturing or procurement activities with the forecasted demand. It ensures smooth workflow management and keeps the supply chain working without delays. It also anticipates the demand and ensures the maintenance of optimum levels of stocks to meet the growing demand.
Sales & Marketing:
The cloud ERP offers insights into sales and marketing and provides data on different campaigns the business runs to attract leads. A company can track the financial feasibility of the marketing campaigns and get measured results in terms of the number of leads, conversions, and sales. So, a business receives the clarity it needs to optimize its sales and marketing efforts and get more conversions.
Economies of large scale:
The NetSuite ERP helps enterprises reap economies of scale and maximize their profitability with data and real-time insights. They can easily manage manufacturing operations, production, inventory management, logistics, distribution, sales and marketing, customer service, and post-sales. They can efficiently run large-scale operations based on the data derived from each economic unit and make better decisions to get more benefits. The software helps large companies amplify the desired results and get a high ROI. The cloud ERP offers in-depth insights into every business activity. A business can get a complete understanding of its operations and can measure its performance in real-time. It can make informed decisions, ensure increased output, and maximize revenue.
Optimize your large-scale business operations with NetSuite solution and implementing partner Cloudiotech
The cloud ERP is a one-stop destination for all the information a large business needs to manage its local, regional, and global operations. NetSuite ERP offers several benefits to large enterprises and enables them to embrace greater success. The NetSuite ERP unifies the operations and lets the company know each unit’s overall performance and financial feasibility.
Cloudiotech is a NetSuite Implementation partner assisting companies in the UAE and the US in effectively implementing the NetSuite solution. With Cloudiotech’s end-to-end handholding, understand your business needs and how NetSuite can address them. Implement the best ERP solution with optimum ROI on the technology investment with Cloudiotech’s implementation support, ERP customization, NetSuite ERP training and post-implementation services.
