Netsuite can be considered as the solution that is based on cloud computing and electronic commerce. This is a software that can offer the collaboration of partners and also the support that is made available at multilevel for the mid-sized companies.
In the case of various other solutions that make use of numerous records and database for supporting each process while the Netsuite can make it possible for increasing business efficiency by offering various processes that include shipping, accounting, billing functionality and sales by making use of the similar base records. There are various different functionalities that are offered by the netsuite and it includes the sales force automation, sales team tracking, revenue recognition and fulfilment and shipping.
The functionalities include the financial reporting, budgeting and eCommerce management.
Advantages and Disadvantages of NetSuite:
Cost of NetSuite:
The cost of Netsuite can vary depending on the scope and needs that is available on the enterprise level. The subscriptions that are for a month usually start with $40. This is a solution that is affordable for the businesses of varying sizes. The bigger companies can choose the solution which is of high cost as per their need. There is possibility for the individuals to get the Net suite depending on the size and requirement of the company.
Pros of NetSuite:
There are many small businesses who try to make use of the Netsuite in the manner that they require. They can make the software outgrow like that of quickbooks. The Netsuite offers access to the real time figures that are associated with finance and this can reduce the paperwork as it make use of the same source of data for all these things to be done. This solution provides you with sales ordering and the streamlining of the process to be done just through a click. The errors and data entry costs can be reduced in a much significant manner s there is a possibility for sharing and correlating the information that is available with the business.
There is a possibility for saving money and time, there is possibility for you to offer the strong tools for management and accounting done on web based. This is a solution that can provide you with the possibility for protecting the data of the company through damage pr any kind of theft. There is possibility for the data to be secured from things like natural disaster and also reduces the time for recovery of the data.
The strategy and planning can be considered as a project that is available at enterprise level. There are multiple modules which are available in the Netsuite for tying data with various departments with quantifiable numbers.
Cons of Netsuite:
Nesuite is the software that has made it much easier for helping the various things that are associated with the small businesses. This is the one that only favours the company which can stay alone in dealing with their accounts available in day to day. Netsuite do not provide with solution that is much broad as well as flexible as the Netsuite manufacturers offer you.