Implementing NetSuite can change how you do business, helping you increase efficiency and productivity. NetSuite can help businesses automate accounting processes, streamline financial reporting, reduce IT costs, improve customer relations and more. Implementing NetSuite can also result in significant cost savings as well as enhanced visibility into business operations. Additionally, it can help companies not only manage their current operations but also anticipate and prevent future problems.
What is NetSuite?
NetSuite is a comprehensive cloud-based business software platform that offers businesses the tools to manage their finances, customers, supply chain and operations. It enables companies to quickly automate manual tasks and gain insight into their operations to make informed decisions. Integrating data across departments and access to real-time analytics gives companies the ability to quickly and accurately identify trends, manage resources, and allocate funds.
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Benefits of Implementing NetSuite
Implementing NetSuite can provide businesses with many advantages compared to running multiple disparate systems. As a single business management platform, NetSuite is designed to be cost-effective and easy to use. Additionally, it can save time by eliminating manual data entry tasks and providing users with timely updates. NetSuite also offers a range of customisation options to meet the unique needs of different businesses.
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After implementing NetSuite, customers can expect to see:
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- Improved efficiency and productivity by streamlining processes and automating tasks
- Enhanced financial visibility with real-time analytics and reporting to help identify trends and make informed decisions
- Reduced IT costs as the cloud platform eliminates the need for costly hardware and software upgrades
- Improved customer relations by providing customers with a better experience and faster response times
- Increased data accuracy with integrated information across departments that reduces the risk of mistakes
- Improved ability to scale operations as their needs change
- Enhanced data management and reporting capabilities to help identify areas of improvement and gain better insights into the business.
- Streamlined financial operations due to the automation of processes and elimination of manual data entry.
The Impact of NetSuite on Customer Relationship Management
NetSuite is designed to improve the customer experience in a number of ways. Its integration capabilities allow businesses to pull data from multiple systems into one place, making it easier to manage customer relationships. Companies can use NetSuite to gain insights into their customers’ preferences and behaviours and adjust their services accordingly. With this improved visibility, companies can anticipate customer needs more effectively and respond quickly to inquiries. Additionally, NetSuite can simplify customer processes such as billing and order tracking, leading to increased satisfaction and loyalty.
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The Financial Impact of Implementing NetSuite
NetSuite can significantly reduce IT costs as businesses no longer need to purchase and maintain expensive software or hardware. Additionally, by automating accounting processes, NetSuite can increase efficiency and save valuable time that would otherwise be spent on manual data entry. Companies can also use the platform to better manage their finances and identify improvement areas for increased cost savings.
The Impact on Employees
NetSuite can help streamline day-to-day operations and eliminate manual processes, freeing up employees to focus on higher-value tasks. Additionally, the platform provides real-time analytics that empowers users to make informed decisions quickly. This, in turn, leads to improved productivity and employee satisfaction, as well as increased job satisfaction due to them having better understanding of the business. NetSuite Dashboards can also be configured at the user level, allowing your team to create work spaces aligned to how they work, not just how your system works.
NetSuite Customer Success Stories
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Thermomix: Simplifying a Complex Software Ecosystem with NetSuite
The company behind the most advanced all-in-one kitchen appliance on the market - the Thermomix - has an integrated back end system that allows for agile innovation – however this wasn’t always the case.
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Probe: One subsidiary at a time: NetSuite is transforming Probe Group from the bottom-up
As Probe Group has made much of their success through having their finger on the pulse of digital transformation and changing business requisite in the 21st century, it is no surprise then that in 2019, a decision was made to look at NetSuite to future-proof Probe and its 20 plus subsidiaries.
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Institute of Directors in New Zealand: Streamlining Complex Financial Management with NetSuite
The Institute of Directors (IoD) is the professional body for directors at the heart of New Zealand’s governance community. After doubling in size since the 2011 implementation of an antiquated legacy ERP, IoD successfully made the switch to NetSuite in 2019, the ERP of choice for membership organisations across Australia and New Zealand.
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VERIDAPT: A ERP Modernisation Project
With over 15 years of experience monitoring and controlling $4 billion of inventory annually, VERIDAPT recognised that in order to remain a market leader, they must utilise a modern platform with a true single point of truth within their own organisation. That's why in 2016, they migrated from a legacy ERP (MYOB Enterprise) onto NetSuite.
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Next Steps for Businesses Considering NetSuite
In summary, NetSuite is a powerful tool for businesses of all sizes, offering improved data management, streamlined financial operations and enhanced customer relationships. In order to realise the benefits discussed in this article, it is vital that you choose a NetSuite implementation partner who is aligned with your business objectives and has experience in your industry. Be sure to ask plenty of questions regarding past successes and how they plan on ensuring a successful implementation and result.
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About PKF Digital
PKF Digital is a leading NetSuite implementation partner that can help your business unlock the full potential of this powerful ERP system. With a team of experienced and certified consultants, PKF Digital can guide you through every step of the implementation process, from initial consultation and customisation to training and ongoing support. By choosing PKF Digital as your NetSuite partner in Australia, you can be confident that your business will experience improved efficiency, enhanced data management, streamlined financial operations, and improved customer relationships. Don't miss out on the many benefits of NetSuite – contact PKF Digital today to learn more and get started.