Netsuite Reports – What You Should Know

Regardless of the NetSuite products that you buy, you should always consider the aspect of NetSuite reports. NetSuite has some of the best reporting options available for cloud-based products in the market today. While the products may vary, there are features and benefits that are common to most of them. There are also third party vendors who have created products that can integrate into NetSuite with an aim of enhancing the already great reporting tools and resources.

It is important for you to know what features you should be on the lookout for when buying NetSuite or its affiliated products. That way, you will be able to spot if something is missing. Should that happen, then chances are that you are not purchasing a genuine NetSuite product.

Two Features in NetSuite Reports

  •  A Dashboard that is robust- it is highly visible and accessible to all authorized members.
  • Real time reporting and analytic tools-they present data and information in real time.

Feature Benefits of Reporting capabilities of NetSuite Products

The robust dashboards as well as the reporting and analytic tools of NetSuite present a number of benefits to any user. Understanding what these benefits are, will enable you to appreciate what the reporting capabilities of NetSuite products can do for you, your employees, as well as your business.

1. Self-service

The robust dashboard available in NetSuite products allow for self-service. What this means is that accessing the common area for discussing does not need a high level of technical expertise. The administrators can allow for access to the concerned users and voila!

The self-service aspect of reporting tools from NetSuite enables everyone involved in a project to log in and input data and information at any time without having to look around for administrators to do so. This in turn enhances efficiency among the staff in your organization. It also reduces time wastage, because there is little supervision required. Everyone can do what is required when necessary.

2. Real-time Analysis and Reporting

When it comes to NetSuite reports, the real time aspect of the tools used for report generation makes the products from NetSuite very attractive.

Through the dashboard, you can upload and access data immediately. This means that there is no delay in accessing data on your part, or that of your project partners. Even as you access or provide data, the products are able to analyze it and generate reports as the data comes in. This means that you can access summaries of what is happening, when it is happening, from the transaction level to the executive level.

Real time capabilities of reporting tools from NetSuite ensure that information is accesses as needed. It is also updated as more data comes in from other project members. Because of these capabilities, no aspect of any project is left unattended or ignored. No project member is left behind either. This allows the whole project your organization is taking part in, to move ahead as one unit.

3. Collaboration Enhancement

In order for collaboration to occur, then people have to start to work together. This is why the NetSuite reports dashboard is very important. Not only can people access data and information in real time, but they can also exchange what they have through the dashboards. In addition, everyone, from the executive at the head of the organization to that new employee at the transaction level, can access the information as long as he or she is authorized to do so.

The ability of every employee within the organization to upload, and access data and information, which includes analyzed and summarized reports, is what makes NetSuite products great for collaboration purposes. Collaboration yields better results for any project in the end, because many people are capable of coming up with very good ideas of how to do things. In addition, the amount of time required to complete any project will be greatly reduced, because there is no repetition of tasks.

4. Mobile Access

Any organization that utilizes NetSuite products will be able to continue business operations via the cloud. Because of this, you will be able to access NetSuite reports in the same way. This is because they are web based, which means that you can access them via a web browser. It also means that you can access them via any mobile device that has internet connection.

Reports from NetSuite can therefore be accessed on the go, regardless of which location in the world you are in. This is very convenient for all concerned stakeholders because tasks can still be accomplished and feedback given even when project members are on different continents.

5. No Spreadsheets

Do you remember what it was like to use spreadsheets for reporting? Well, that is not the case anymore, at least for users of NetSuite reporting tools. Because of the fact that reports can be accessed via the web, it means that you can eliminate spreadsheets from the equation when doing a presentation. You can access all the data and information summaries and reports in real time and have them displayed when you need them.

The elimination of spreadsheets for reporting will greatly reduce the costs and time you require to gain insight into your organization.

6. One Version Of The Truth

If different aspects of reports are coming from a number of sources, then you should not expect to be able to see the real picture. This is because people from some parts of the organization can manipulate data to suite their own ends. By the time you realize what is happening, it may be too late for your company’s profit margins.

Having real time NetSuite reports is a great thing. There is only one major database for the data and one major source of information. Therefore, there is only one version of the truth. Everyone concerned will be able to access this particular version. All stakeholders are therefore in a position to see the real picture of how the business is doing. In addition, it will be much easier for the relevant parties to make accurate decisions because they have the complete updated reports available to them.

Bottom Line

It is important for you to appreciate the benefits of the reporting capabilities of NetSuite products. Only then will having NetSuite reports make sense to you and your business.

Brooke Nelson is the Lead Author & Editor of NetSweets. With more than 20,000 customers, NetSuite is a fascinating platform! It is the major player in ERP, CRM, and ecommerce.