NetSuite ERP (Enterprise Resource Planning) is an all-in-one cloud-based business management solution that helps organisations operate more effectively. It helps by improving and reducing the number of resources necessary to manage your business, without sacrificing quality and performance which is key for long-term success. From small companies to larger enterprises, ERP systems are used to help businesses overcome challenges. The software provides many benefits to the growth and success of a business.
The benefits of using an ERP range from optimising business processes, to helping different departments collaborate better. This is the main purpose of an ERP system; to increase organisational efficiency of an organisation by managing and improving how the company resources are utilised. This improves the relationship between a business and its customers. It is used as a solution when existing business systems and processes are no longer functioning efficiently, they no longer support the growth of the company, or they lack the security requirements to reduce risk.
Oracle NetSuite ERP system helps automate financial processes, which improves financial operations, efficiency and productivity. It helps gain inventory visibility, by monitoring inventory levels, minimising carrying costs and delivering orders on time. It also provides supply chain optimisation, controlling the flow of goods across the value chain, from suppliers to customers.
It can be used as an effective communication tool. By managing information between internal and external departments, assisting with daily activities to manage projects, track adherence to guidelines, and handle day-to-day intricacies that come with running a business, and so much more.
The advancements in cloud and encryption technology over the last several years have changed how a company can collect, analyse and secure data. The ERP system can be used to streamline a business within any industry. From farming and agriculture to aerospace and defence.
Contact Linked for more on why using an ERP system will benefit the business.