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For businesses coming from QuickBooks and traditional accounting packages, the first benefit you are going to see is that with one logon you can see all data for all of your entities. This extends to being able to run consolidated reports and extract data for all entities in one click.
From purchase invoice processing to month end reporting, NetSuite and its integrated partners make it easy for businesses to automate processes. It is worth noting that automation does not come straight out of the box and will likely take some time and resource to achieve.
NetSuite allows you to produce consolidated financial statements and other reports through its core financials application. Developing this process which cannot be performed in all ERPs was one of the significant milestones in the software’s history.
NetSuite includes a full suite of data-based products that can help your business to manage supply chain, operations and sales activities. These can all be easily integrated meaning it is provider that can continue to support your business as it grows.
Embarking on a NetSuite implementation or upgrading from a basic accounts package to an ERP is a time consuming and costly endeavour so reach out and talk to us about your options and what it entails.
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