It becomes important in today’s competitive business environment to select a proper ERP system. The two biggest brands that have been making headlines commonly in this industry are NetSuite and SAP. SAP has always been more popular with the huge organizations, but many businesses are now leaving NETSUITE for a much easier and less aggressive implementation. This blog post will explore why businesses of all sizes are increasingly turning to NetSuite and how the solution can indeed deliver real business advantages without the pains commonly associated with conventional ERP solutions such as SAP.
The Challenge of ERP Implementation
Implementing an ERP system is inherently a significant change for any organization. The fact is, that people, as creatures, are conservative to change and implementation of ERP has its own implications that at times prove to be unsavory and disruptive. The fact that SAP integration is a long haul and usually a rather painful process is something that many businesses have said time and again. However, as so many small and middle-sized companies realized, they just do not have enough time, manpower, and money to invest in major transformation which SAP usually implies.
For bigger companies especially those with revenue greater than one billion US dollars, SAP can actually make sense due to its solidity. But for small companies the picture is somewhat different. Here, NetSuite shines. For these reasons, it centers on configuration in preference to custom builds, meaning that companies are presented with solutions that accommodate their unique working procedures without having to start from scratch.
NetSuite’s Key Differentiator: Configure, Not Build
One of the standout features of NetSuite is its approach to implementation: “configure, not build.” This means that instead of having to build solutions from the ground up, businesses can capitalize on out of the box templates and routings that are built for a certain commerce type. This makes their implementation easier and much less time consuming than carrying out a complete set of new implementations. For instance, a mining firm that has not generated any revenues decided to implement NetSuite given the expectation of initiating funding. Their CEO added that in order to create or assemble the best drilling rig in the world, they required the best financial platform. This decision keeps them ready for future expansion without the pressure resulting from having to start all over again with a complicated program in place.
The Transition from QuickBooks to NetSuite
QuickBooks Desktop saw its major update in 2015 and is now in its sunset years, and a large number of businesses are CO kidney consulting for a more robust and scalable ERP system. Many users of QuickBooks have relied on it as a great accounting solution but the transition to QuickBooks Cloud has caused discomfort and disappointment.
NetSuite presents a very attractive proposition. It offers a contemporary financial information base, flexible and efficient reporting abilities, and a safe cloud platform. These features stand to be appreciated in small to medium sized businesses without the hitches of elaborate implementation schedules.
Ideal Business Size for NetSuite
NetSuite is not just for a small start up or larger company, but it can be a very suitable tool for mid-sized companies specifically those with revenues ranging between $10 million and $50 million. Ventures in this range are usually large, or their environments are continually becoming complex, but they may not be in a position to sustain a vast IT base or a squad of developers. Being configured from the ground up, the NetSuites do not face the challenges seen in enduring traditional ERP manufacturing systems while giving them the means to expand their functionality in case of need.
For example, the companies interested in expanding and strengthening the performances of the organizational processes can easily incorporate the modules that correspond to their requirements. Regardless of whether they specialize in inventory, accounting, or production, they note that with NetSuite, firms can switch on certain options as they scale, which makes it very versatile.
Real-Time Financial Management
Other significant benefits of the NetSuite include real-time financial management As mentioned above and as will be discussed in detail below. Managers can check any time the financial position of their business and this enables better decision making in business. Such flexibility is desirable in small organizations that seek to challenge large firms from the industry.
Flexibility in accommodating changes to growth or that you can expand or shrink as the need of business requires from organizations that rely on NetSuite is a plus. For example, a company increasing its transaction volume from thousands to tens of thousands per month doesn’t need to rebuild its entire system; it can simply activate the necessary tools within NetSuite.
Industry-Specific Solutions
NetSuite offers market leading solutions targeting specific industries. No matter if your business is based on providing professional services, manufacturing, healthcare, or even retail, NetSuite offers you the corresponding templates and tools. This not only speeds up the implementation process, but also allows businesses to get up and running quickly and because it ‘on the shelf,’ there typically will not require a large amount of custom development.
To date it has been understandable that flexibility and strong computing power is not so crucial in industries, as industries were and still are growing with new challenges and problems which require logic and utilization of information; hence, the existence of a flexible and at the same time powerful system becomes vital. Its out-of-the-box integrative solutions make it possible for smaller firms to be more than a match for many rivals with sophisticated resource and organizational capacities.
Conclusion: Am I in the Right Place if I am Looking for NetSuite?
And so, in conclusion, as more business organizations look for ideal mechanisms to manage their concerns, the reality between NetSuite and SAP becomes sharper. Ease of deployment, industry solutions and real time financial management makes NetSuite a preferred choice for organizations of all sizes. Most especially for firms that are migrating from QuickBooks Desktop or looking for an effective solution that does not require exhausting integration, the offered solution through NetSuite provides a revolution.
Are you a Multinational, Global company or any large organization ready to have ease in your ERP implementation and transformation? That is why it is dangerous to be put off by all the many difficulties which accompany the implementation of ERP. Call us now and speak with one of our consultants for a free consultation now! We can assist you with determining whether or not NetSuite meets your organization’s needs and also how you can take advantage of what you have found.
