Netsuite is a cloud-based, Enterprise Resource Planning (ERP) software that is used to manage all aspects of your business. It’s perfect for small businesses because it offers a wide range of features that can be customized to meet your needs. You can use Netsuite Australia to manage your inventory, sales pipeline, and financials in one place.
Businesses of all sizes rely on a cohesive, efficient digital platform for success today. Leveraging cloud-based systems, like Netsuite, can help you boost performance and eliminate the need to keep costly legacy systems in place.
Here are seven ways Netsuite can help your small business:
Accounting and Financial Management
Netsuite’s accounting software allows you to track your expenses, income, and inventory. You can also create custom reports that show you how much money you made or lost on certain projects or products. This data is then integrated into your financial statements so that you always know where you stand financially.
Netsuite’s accounting software offers features such as a general ledger, accounts payable and receivable, fixed assets, and payroll. The platform also lets you set up invoices, track sales tax, and generate reports.
Customer Relationship Management
Customer Relationship Management (CRM) software is a big part of what Netsuite does, and it is one of the most beneficial tools for small businesses. NetSuite’s CRM module offers a comprehensive set of tools that can help you manage your customer data, track customer interactions, and improve customer service and support.
The CRM software provides a single view of all your customer data, including information about sales, marketing, and service activities, so you can better understand your customers.
Marketing & Sales Management
Sales and marketing are two of the most important functions of a small business. Netsuite is a great tool for managing sales and marketing, as it can help you manage your leads, sales, marketing campaigns, and more.
With Netsuite’s lead management system, you can track which leads have been contacted by your team members so that you can ensure everyone is working on their assigned tasks at all times. You will also be able to see who has not been contacted yet or if any leads need further follow-up before closing them out as prospects or customers.
The analytics dashboard gives users insight into how many conversions they have had over time and what channels were used most often during those conversions. This information makes it easy to plan future campaigns based on past successes while avoiding failures caused by poor targeting choices made previously.
Inventory Management
Inventory management can be a complex and time-consuming task for businesses of all sizes. NetSuite’s inventory management tools can help you streamline your inventory processes, track inventory levels, and automate order fulfillment processes.
NetSuite allows you to track your inventory levels and movements in real time, providing you with a clear view of your inventory at all times. You can also set up alerts to notify you when inventory levels fall below certain thresholds.
The tool lets you automate your purchase orders and sales orders, reducing the manual effort required to manage your inventory. You can also set up rules to automatically reorder products when inventory levels fall below a certain threshold.
NetSuite’s inventory management tools can help you streamline your order fulfillment processes, such as picking, packing, and shipping. You can also integrate with shipping carriers to generate shipping labels and track shipments in real time.
Payroll
Payroll is a complex process for small business owners and can be time-consuming and expensive. Netsuite is an excellent option for small business owners because it automates payroll processes, eliminating the need for manual data entry and saving you time. It also allows you to customize your paychecks based on employee needs or requirements (for example, if an employee has been with the company longer than six months).
The software offers an intuitive interface that makes it easy to set up new employees in Netsuite’s system without having any previous knowledge of how to do so. This makes it easy even for those who are not tech-savvy or do not know much about accounting software programs.
Project Management
Effective project management is critical for businesses to ensure that projects are completed on time, within budget, and to the desired quality standards. NetSuite’s project management tools can help you manage your projects more efficiently, track project progress, and improve collaboration among team members.
NetSuite allows you to create project plans, set up tasks and milestones, and assign resources to each task. You can track project progress in real-time, monitor task completion, and adjust project plans as needed. You can also manage your resources, such as employees and contractors. You can assign resources to tasks, monitor their workload, and ensure that they are working on the right projects at the right time.
Reporting and Analytics
Netsuite provides several reports and analytics. The platform’s analytics are the best in the industry, offering you a comprehensive view of your business data that can help you make better business decisions.
Netsuite offers several different types of reporting tools:
- Data visualization – This type of reporting provides graphical representations of your data to help you understand it quickly and easily. For example, if you want to see how much revenue was generated by each product line over time, Netsuite has an easy-to-use chart that displays this information for you on one page so that it is easy for everyone on your team (even those who are not familiar with spreadsheets) to understand at a glance.
- Dashboards – Dashboards contain key metrics such as sales figures, customer satisfaction scores, or the number of orders processed per week/month/quarter, etc., which makes them ideal tools for monitoring performance against goals set by management teams within companies using this software solution. They are also a great way to provide regular updates on how the business is performing, which can be shared with staff and other stakeholders via email or as part of an internal newsletter. These dashboards can also be used by managers to monitor progress against targets set by senior executives within the organization.
Conclusion
Netsuite is a great option for companies that want to improve their business performance through a cloud-based software solution. It offers an impressive array of features that can be tailored to suit the needs of any type of organization and has several features designed specifically for small businesses. It offers all of the functionality you need at a reasonable price without any of the complexity associated with an ERP system, and it can be integrated with other business software to provide a more complete solution.
