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One complete system to run every facet of your organisation.
View business-wide financials, from summary levels down to individual transactions.
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NetSuite is an ERP system used to manage back and front office operational functions of a business. The cloud-based platform is comprised of many different modules which together create a system that helps businesses manage their accounting, finances, customer relationship management, supply chains, sales, warehousing and eCommerce. For customers across a diverse range of industries, NetSuite’s far-ranging and customisable capabilities help them optimise, streamline and grow their business.
NetSuite OneWorld provides a complete cloud ERP system for global businesses and is used to help them scale by providing complete multi-subsidiary management and support for local accounting regulations. For example, NetSuite can populate a single chart of accounts across subsidiaries, or use separate charts-of-accounts for each company within a single instance. NetSuite’s functionality reaches beyond the platform with apps and extensions that allow businesses to shape their solution tightly around their process.
NetSuite wasn’t really invented by any one person. Rather, the company was founded by Evan Goldberg under the name NetLedger in 1998. With headquarters in Redwood Shores, California, the company originally focused on bookkeeping, then later web-hosted accounting software. Accounting plays such a key role in businesses that soon the system expanded to support many other critical business functionalities including eCommerce, warehousing, supply chains, CRM solutions, HR and payroll. Of course, this was all taking place long before cloud was even a term, at that time it was called utility computing. Yet, today NetSuite is widely recognised as the very first cloud computing software company. Interesting fact, the start-up seeding came from Oracle CEO Larry Ellison and a selection of ex-Oracle employees. This all came full circle when in in 2016, Oracle itself acquired NetSuite for $9.3 billion, keeping Goldberg on as NetSuite CTO. Today NetSuite is used by more than 20,000 customers in 203 countries across the globe.
NetSuite is easy to use and learn and has been designed for all users across a global organisation. However, users do need to undertake some level of training to ensure they have the knowledge needed to fulfil their role-specific tasks within the platform. If their NetSuite platform includes integrations or added apps, these additions may also require some training to get the user up to speed.
NetSuite has many benefits. Here’s some of the top ones:
NetSuite is an online cloud based software platform. It works by providing businesses with a range of standard financial and accounting capabilities along with modules to tailor the solution to each specific requirements. It is also customisable, allowing the platform to be shaped to the workflows and processes of each business. For the users, it provides an easy to use web-based platform. Users don’t need to install software on their devices, instead they log in to an online web portal to access NetSuite, which has a dashboard tailored specifically to their job role. So no matter where a user is or what device they are using, they can access their NetSuite account.