Unified ERP Software with Oracle NetSuite

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. You can check out Apps by Annexa to explore some of Annexa’s most popular NetSuite apps.

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 designed for modern companies. It is cloud-based and mobile-enabled so it can be accessed via any device, at any time, from anywhere with an internet connection. •. NetSuite is highly scalable allowing organisations to add functionality as they grow including international capabilities such as for 190 currencies, 20 languages and automated tax compliance in over 100 countries. •. NetSuite provides a more complete view of a business with built-in business intelligence that produces real-time insights into business performance. Because NetSuite offers a single version of the truth it supports better, faster decision making for all business units. •. NetSuite is not version locked. The software remains current with customisations carried always forward to support your business. •. Finally, the development platform comes with plenty of flexibility to tailor the system to meet a business’s unique requirements and industry-specific needs. This includes extensions, apps, automation and other emerging technologies to further support modern businesses.

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.

NetSuite has native functionality for payroll. NetSuite Premier Payroll Service provides end-to-end payroll management for US customers. The payroll solution minimises payroll headaches, reduces tedious paperwork and ensures peace of mind in a single, full-service solution. Unlike when you use a third-party payroll product, NetSuite Premier Payroll Service is completely integrated with NetSuite accounting, for seamless payroll management. This means there is no need to re-enter payroll data into NetSuite, saving time and reducing the risk of data entry errors. It also means there are no software programs to download, buy, install or learn to use. It’s all in NetSuite.

You can explore our NetSuite development services covering NetSuite customisations, integrations, applications, scripts and more. Or check out our NetSuite eCommerce solutions. Or, if you’re ready for a NetSuite partner, contact us online or call on 1300 994 550.