NetSuite What?

For most people, it's pretty much known as a giant website which you can login with an email then start transacting from there.

NetSuite is an ERP software in the cloud.  Enterprise resource planning software, ERP, is essentially a business management tool that support business operations of all sizes and shapes.  NetSuite is a subscription based software that comes pre-built with a number of business solutions already as well as providing fully customizable kits to manage special business processes.

At the center of all is a single source of data that captures the handling of AP, AR, CRM, Inventory, etc. just to name a few and funnel them into Accounting.  At the time of this post, NetSuite offers the following major modules:

  • Financial
  • Customer Relationship Management
  • Inventory/Order Management
  • Commerce
  • Human Resources
  • Professional Services Automation
  • Supply Chain
Within each major module it has its own additional package to choose from.  In additional to the major modules that put NetSuite together, there are also third-party apps that can be installed just like a plug-in to your NetSuite instance.  Those are referred to as SuiteApps.  And just in case those is still not enough to take care of your business needs, you may always create your own solution with customization kit SuiteBuilder, SuiteFlow, and SuiteScript.  There is also SuiteTalk to handle integration coming from the outside.  To extract data out of NetSuite, there are several user function such as Saved Search, Reports, and Global Search bar.  Once you have all that in one single system you now have business intelligence to run forecast and make data-driven decisions.

Pretty much if you run a business you can probably benefit from this tool one way or another.  It is the Swiss knife for businesses.  Oh, and no need to hire someone to patch your servers, you own the data they own the hardware - it's in the cloud.



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