One of the most popular ERP systems is the ERP cloud technology offered by Netsuite Cloud Computing.
For several years, businesses all around the globe have made use of cloud technology to carry out a plethora of different business practices. In particular, those with a CRM (Customer Relationship Management) system or HCM (Human Capital Management) system have benefited from this technology the most.
Many shy away when it comes to deploying a cloud-based ERP system due to fears that system’s security might be compromised. This is no longer as big of an issue as it used to be due to the vast developments made in the field of Saas, or Software as a Service technology.
NetSuite ERP is the world’s most popular cloud ERP solution. For those who don’t know, ERP represents Enterprise Resource Planning software that is hosted on a platform over the Internet. There are several benefits when it comes to using NetSuite ERP cloud technology. Below are discussed these benefits.
First and foremost, since all SaaS services, including ERP service, are offered on a subscription monthly basis, there are no unexpected costs. Customers can tell exactly how much the service will cost them the first month, next month and every other month. This is very appealing, especially for fresh businesses whose funds tend to be significantly smaller. Even more, in case the prices for the ERP technology do increase, they do not tend to increase by a great deal.
Management and setup of an ERP system are all the responsibility of NetSuite, hence there is no real setup or installation process. Most parts of this cloud-based technology comes preconfigured and ready to be integrated into your business. Naturally, this results in a much simpler setup process which further leads to a higher ROI since initial costs are significantly lower.
Another excellent reason why NetSuite is a must-have system for every serious entrepreneur is flexibility. Namely, a company or business can use as little or as much ERP technology as is needed, scaling capacity down and up without incremental infrastructure costs. In other words, you pay only for what you actually use and you always have prompt access to as much as you need.
As mentioned, many businesses might be especially concerned about the safety and security of their files, bases, data, documents, and information in general, in a cloud-based environment. Security breaches and illegal access are a risk for any business running a piece of software connected online, whether the data is in the cloud or stored on web servers.
However, Netsuite Cloud Computing team is aware of this concern, thus they have deployed the strongest security systems available. Even more, NetSuite servers and web infrastructure will be much more robust and safe than any other computer security that the business might afford if deployed internally.
Possibly the major benefit of implementing NetSuite ERP service is the freedom that the business benefits from as many of the responsibilities of running the system are given to the vendor so that the business can focus on what they are doing best – offering the products and services. Even more, Netsuite Cloud Computing will keep you up to date with real-time reporting, personalized dashboards, automated ERP updates and prompt and easy access.
Finally, your finance team will be equipped with real-time role-based financial analytics, scorecards, revenue management, financial reporting, eventual billing errors and much more.