NetSuite Offers Agile Solutions for a Varity of Business Processes

NetSuite is not a one-dimensional piece of enterprise software.  By including diverse, enterprise-class functionality that can easily be enabled as operations scale, NetSuite has designed a solution that can replace your existing ERP and CRM systems with software that is as agile as you are.

With NetSuite, Oracle has built an agile and diverse set of ERP and CRM solutions that can be activated as you need them. This allows your enterprise to scale efficiently without sacrificing the resources your business will need to manage growth smoothly. But what are the financial automation solutions that helped carry NetSuite to the top of the cloud ERP industry – and what else can NetSuite do for your business?

Industry-leading Financial Automation Solutions

Digital payments and accounting are no longer a mere convenience to your customers and vendors, they are a critical part of doing business. NetSuite’s robust financial and accounting capabilities are designed to both meet your current needs and grow with your business. Here are some of the more advanced features some of our NetSuite customers have been using already:

Advanced Billing

NetSuite’s SuiteBilling feature lets you bill customers using the different pricing models included, consolidate invoices, schedule and automate changes to pricing and subscriptions, create common pricing templates and customized scenarios, and access common billing and financial data quickly and easily through real-time reports. This provides transparency around all subscription billing activities with real-time visibility into billing and financial activity, helping streamline your company’s operations.

Multi-Book Accounting

Does your business need to comply with multiple sets of financial regulatory systems? Whether your business operates on industry-specific rules, country-specific rules or both, NetSuite’s Multi- Book Accounting add-on enables you to issue financial statements in accordance with any accounting standard required. With an intuitive toolset, Multi- Book Accounting lets you easily perform financial reporting and analysis for each of your books, perform foreign currency management per book, build customized financial processes, and book specific activity based on a single business transaction for the general ledger. This includes revenue recognition, expense amortization and more in accordance with the appropriate accounting standards.

NetSuite is well-known for its industry leading financial automation services, which is why so many businesses switch to NetSuite from less-sophisticated alternatives. But other than providing the industry-leading billing, bookkeeping, and accounting solutions, what else can NetSuite do for your business?

What else can NetSuite do for my business?

Need more advanced solutions as your operations scale? Here are some of the advanced capabilities NetSuite can implement as you need them:

Recurring Revenue Management

NetSuite’s recurring revenue management capabilities let you manage automated subscription and maintenance billing processes, drive customer renewals by providing employees with visibility into a customer’s entire history with your company, and monetize existing customers by enabling service and sales teams to more effectively cross-sell and up-sell.

Human Resources Management

SuitePeople offers powerful functionality for organizations to automate their HR and workforce management process. It’s packaged with an exceptional employee experience that allows your employees to complete most everyday HR tasks independently – something that everyone can appreciate. NetSuite’s SuitePeople features let you and your employees create customized time-off plans, quickly search and find employees andcontact information in the organization using the “employee directory” and “org browser,” foster employee engagement through positive feedback and recognition, and view reports and analytics covering all key HR processes.

Omnichannel Commerce

SuiteCommerce is an ecommerce solution that enables merchants to deliver unique, personal and engaging online experiences on any device while also providing a single view of customer orders, inventory and other critical business data, enabling real-time understanding of your ecommerce operations. NetSuite’s SuiteCommerce features let you easily manage and add new site features and functionalities, support both B2C and B2B customers, drive sales with SEO and marketing features, integrate entire customer shopping experience, and create reports to gain insight into your business.

Project Management

NetSuite Project Management helps you more effectively manage service operations by monitoring the progress of your projects to improve productivity, understand costs and drive efficiencies. Project Management features let you track project time and expense, assign tasks and jobs, create and issue invoices, compare project performance, and manage revenue recognition and other project- related financials to better organize work and allow visibility into a complex organization.

Udexx is a family-run company, and we know the impact that every decision has on the growth of your business and the wellbeing of the people who keep the lights on every day. Finding the right software fit can be the difference between thriving and surviving — but with all of the options available, it can be difficult to know which technology is right for you. Udexx is committed to providing the best, most secure, and most reliable cloud software programs that are optimized for your business. Learn more about our Commitment to Customer Value on our website, and follow us on social media to keep up to date with Udexx’s growing family of products and offerings. If you're interested in discussing which cloud ERP solutions might be right for your organization, fill out the contact form below and we will be in touch.