There are many reasons why millions of small businesses choose to run their operations using entry-level software programs like QuickBooks or even with just spreadsheets. For starters, these are budget-friendly solutions that are quick to adopt and can handle the basic needs of a small company. However, as a small firm expands, a disjointed collection of programs and spreadsheets can provide inaccurate, out-of-date data that is time-consuming and expensive to maintain.
As a result, many people choose to upgrade their software to a more complete solution, such as NetSuite Enterprise Resource Planning (ERP). NetSuite ERP is the best solution for businesses wishing to future-proof their operations since it scales by design, is intended for rapid expansion, and can extend internationally or to subsidiaries.
This blog examines why NetSuite emerged as a preferred choice for Software as a Service (SaaS) solutions in enterprise resource planning. Additionally, it delves into how NetSuite might aid small businesses seeking expansion.
Why Small Businesses Choose NetSuite Enterprise Resource Planning?
1. NetSuite in the Cloud
Working from home is the ‘new normal’ in today’s world. Thus, operating from the Cloud is essential. NetSuite is often considered to be the first true-cloud company, and their built-for-cloud ERP solution is ideal for the modern world. With all data in the cloud and mobile functionality, your staff can access the required data anytime and from any location. This also offers tremendous scalability, which is ideal for small organizations.
2. Hassle-free ERP Integration
The available integration options are yet another significant advantage of NetSuite for small organizations. These enable you to connect to other significant software programs directly to NetSuite, allowing real-time data flow across the technology stack.
When it comes to integrating with other third-party platforms, NetSuite’s integration capabilities are hassle-free. API integrations, tools such as Celigo (a popular Integration Platform as a Service provider), and EDI integrations can all be utilized with NetSuite. If, for example, you wanted to keep using Salesforce as your CRM while adopting NetSuite ERP, you’d have options available for integrating the two with two-way data flows, ensuring accurate and timely data in each platform.
3. Workflow Automation
The process automation tools in NetSuite can standardize how things are done, save time, and reduce the likelihood of human mistakes. NetSuite enables the IT team to build out workflows and automation that streamline routine or repetitive tasks. These can be used throughout your operations ranging from warehousing, to finance, to marketing and more. Just another reason why SaaS businesses love cloud ERP.
Your accounting department could automate and streamline the reconciliation process, while your marketing department can automate the email outreach to certain prospects. Through these workflows, you’ll be able to reduce the man-hours required for many parts of your operations, while ensuring more accurate data and execution.
4. Built-in Business Intelligence
The NetSuite ERP solution provides small businesses like yours with an integrated business intelligence tool that enables you to access real-time insights and key performance indicators. By utilizing NetSuite’s native reporting capabilities, you’ll be able to quickly access detailed information about your operational and financial health, right at your fingertips. From custom dashboards to automated reports, you’ll gain a comprehensive view of your entire operation. NetSuite empowers your business to proactively anticipate and address its needs, allowing you to stay ahead of the curve.
Unlike other outdated ERP systems, NetSuite is a scalable solution that makes it simple to add additional applications or users as needed. This is especially important when you need to scale quickly to meet new business demands.
NetSuite is modular, meaning that you can add functionality that suits your business, without paying for any of the modules that you don’t require. As your company grows, you can tack on additional modules to unlock more power from the platform. With the ability to easily add and remove licenses, you can also easily add new users as your headcount increases.
NetSuite’s intrinsic scalability allows small businesses to scale more quickly, minimizing the amount of time spent transitioning from one phase to the next.
NetSuite: Best ERP for Small Businesses
It is easy to see why small firms prefer NetSuite over antiquated ERP systems. The limitations of basic software applications such as Excel or QuickBooks have become clear, forcing business owners to seek a more advanced and complete solution.
NetSuite has numerous benefits that are tailored to the needs of small enterprises. Overall, the transition from outdated ERP systems to NetSuite is driven by the desire for growth, efficiency, and adaptability. As small businesses navigate the competitive landscape, embracing a modern and comprehensive solution like NetSuite becomes essential to remain relevant and thrive in today’s dynamic business environment.