NetSuite is a cloud bases system which allows you to focus on your business without having to worry about the technicalities of an ERP setup and maintenance.
Below are some of the features available within NetSuite.
NetSuite ERP is an all-in-one cloud business management solution that helps organizations operate more effectively by automating core processes and providing real-time visibility into operational and financial performance. With a single, integrated suite of applications for managing accounting, order processing, inventory management, production, supply chain and warehouse operations, NetSuite ERP gives companies clear visibility into their data and tighter control over their businesses.
NetSuite cloud accounting software simplifies the process of recording transactions, managing payables and receivables, collecting taxes and closing the books and enables timely, accurate reporting and greater control of financial assets. With real-time access to financial data, you can quickly drill into details to resolve issues and generate statements and disclosures to comply with multiple regulatory financial compliance requirements, including ASC 606, GAAP, SOX and more.
Gain real-time insights into numerous financial metrics, such as profitability ratios, inventory margins, liabilities, fixed assets, taxes and cash positions. Ensure compliance with accounting standards, government regulations, tax codes and internal policies.
NetSuite Cloud Accounting
NetSuite Professional Services Automation (PSA)
NetSuite’s Professional Services Automation (PSA) solution, SuiteProjects, provides a comprehensive, end-to-end PSA system that supports an entire services business with a single, cloud-based suite. From project and resource management to time and expense tracking, project accounting and billing and invoicing, SuiteProjects helps organizations complete projects quickly and profitably, generate invoices accurately and efficiently and shrink accounts receivable cycles.
onnect project activities with company financials to ensure accurate accounting and billing throughout the project lifecycle. Automate billing and revenue recognition to speed up payments and provide financial transparency.
NetSuite Inventory Management provides a single, real-time view of inventory across all locations and sales channels, allowing businesses to reduce inventory on hand to free up cash while avoiding stockouts. By optimizing inventory levels and ensuring product availability across multiple channels, NetSuite Inventory Management helps businesses keep inventory costs low while exceeding customer expectations.
Relying on spreadsheets or pen and paper to track inventory is neither efficient nor accurate. With NetSuite, your business can easily track inventory across multiple locations by automating inventory management in one unified solution.
NetSuite Inventory Management
... And More!
This is just to give you an idea of what NetSuite is capable of. There are more features and functionalities which can be very beneficial to businesses.
The automation of recognising revenue based on set rules.
Ability to run your business accounting in multiple accounting standards simultaneously.