Tackle the biggest pain points for scaling your business with these top 5 scalable NetSuite Cloud features.
For founders between $2 million and $10 million in revenue, you’re not quite a startup anymore, but you’re not a large Enterprise, either. You’re in a phase where every decision you make can hold you back or help you towards that next milestone. If you aren’t using NetSuite already, keep reading to learn how this robust Cloud-based ERP solution can help your business thrive.
Let’s dive into how the top 5 scalable NetSuite Cloud features can future-proof your business and solve your biggest pain points.
Business is unpredictable. You might be riding the wave of success one day, and the next, you’re scrambling around trying to put out fires. NetSuite’s flexibility and scalability allow you to adjust your operations when markets change.
This scalability is crucial for businesses experiencing seasonal fluctuations or sudden growth spurts because you can seamlessly handle increased traffic and transactions and ensure smooth operations year-round.
How does it work, how do you implement it, and how does it solve your business problems?
NetSuite’s architecture is designed to be flexible and scalable so you can adapt quickly to changing needs. You can add new modules and features as your business grows, whether expanding product lines or entering new markets.
Start by assessing your current and future business needs. Work with a trusted financial partner to identify which modules or features you might need as you grow. For example, if you plan to expand into e-commerce, consider integrating NetSuite’s e-commerce module. You can tailor the system to your specific business needs.
Outgrowing existing systems can be costly and disruptive. NetSuite addresses that pain point, ensuring your operations can handle increased demand without compromising performance.
Imagine driving a car blindfolded. You wouldn’t do that, of course. So, why would you run your business this way? You need real-time data and visibility into every aspect of your operations to make informed decisions quickly, respond to market changes with agility, and track essential metrics.
As a founder, you should spend time strategizing and growing your business, not fighting fires.
NetSuite provides real-time insights into your business operations from a single source of truth. You control who sees what, and teams can use real-time data to drive the business forward.
Leverage NetSuite’s dashboards and reporting tools to set up real-time monitoring of critical business metrics. You can customize these dashboards to display the most relevant information for your business needs. Regularly review these insights to inform your strategies and business operations.
NetSuite’s real-time visibility eliminates outdated and inaccurate data. It empowers teams and leaders to make data-driven decisions that benefit your company. Real-time visibility is especially powerful for businesses with multiple locations or those managing complex supply chains.
NetSuite automates and streamlines your business processes. Automation isn’t anything new, but with the advancements of AI and Generative AI, it’s become much more accurate and powerful. Now, you can automate tasks like invoicing and customer information tracking, create forecasting simulations, and analyze all sorts of data to determine patterns and critical drivers of revenue growth.
Since we’ve already touched on how NetSuite streamlines various processes within your organization, let’s look at implementation and problems solved.
Identify repetitive tasks within your organization that can be automated, and use NetSuite’s workflow automation tools to create custom workflows. Next, train your team on these new workflows to ensure smooth adoption and maximize efficiency gains.
By automating and streamlining processes, you can eliminate inefficiencies and human errors. You’ll improve accuracy, reduce costs, and create happier customers thanks to more reliable, faster service and data-driven solutions.
Going global is a huge milestone for any business, and it comes with its own set of challenges. You have to be able to meet the demands of non-English users and customers and comply with local tax regulations and currencies.
NetSuite simplifies international challenges by allowing you to manage and maintain accurate financial data across all locations, like different currencies, exchange rates, and tax regulations. A complete view of your organization’s financial performance will help you expand successfully.
If you plan to expand internationally, you’ll want to configure NetSuite to handle multiple currencies and entities. This involves setting up the necessary financial structures in the system and training your finance team to manage these complexities effectively.
NetSuite reduces the complexity of handling different financial regulations and currencies by providing a unified view of your financial performance. You don’t want to guess when it comes to meeting global demands with customers or local tax laws.
No system operates in isolation, so you need to be able to connect all systems seamlessly. NetSuite’s ability to integrate with other business applications is a massive advantage because it ensures your data is consistent and up-to-date across all platforms.
NetSuite’s integration capabilities reduce errors and improve efficiency, so your team can focus on higher-value tasks.
Identify the third-party systems your business relies on and work with a NetSuite consultant to integrate these systems. You might use NetSuite’s SuiteCloud platform or a third-party integration tool to connect your systems.
Integration capabilities eliminate data silos and minimize the risk of human error. You can improve efficiency and focus on strategic planning and customer engagement instead of trying to manually enter and determine data consistency and accuracy.
NetSuite helps you tackle the biggest pain points of scaling a business. It enables you to manage complexity, maintain efficient processes, and ensure you can grow as quickly as you need without the hassle of outgrowing your ERP system. Let’s recap the top 5 scalable NetSuite Cloud features.
Whether you’re streamlining your operations, expanding into global markets, or simply trying to make better decisions for your company's future, NetSuite can handle it. Leveraging these Cloud features can solve some of your most common or complex business challenges.
Contact us today if you want support with NetSuite implementation and post-implementation management!
.jpg)
.jpg)
Accounting | Bookkeeping | CFO |
Controller | Tax Filing | Consulting
