How to improve your business management with Oracle NetSuite?

Today, efficiency and adaptability are crucial elements for businesses. As a result, more companies are seeking innovative tools to optimize their operations, enhance visibility, and make more informed decisions.

In this blog, we will show you how Oracle NetSuite, one of the world's most widely used business management platforms, helps over 38,000 companies streamline their growth and planning processes.

VISIBILITY, CONTROL, AND AGILITY: THE THREE PILLARS OF GOOD BUSINESS MANAGEMENT

When CEOs, CFOs, or COOs are asked about the most important elements for managing their businesses, the answer is usually the same regardless of industry or market: "having visibility and control of operations to make more agile decisions."

These elements are fundamental for effective strategic planning. This involves anticipating and modeling different scenarios, creating action plans, and avoiding surprises that could jeopardize business continuity. The ability to foresee and adapt to changes, leveraging operational visibility and control, is key to ensuring long-term success and sustainability.

However, maintaining this practice without the support of software like ERP, CRM, or WMS becomes nearly impossible as the company grows and activities need to be delegated to other teams or third parties. Additionally, with more companies integrating AI elements into their operations (according to Forbes), it's clear that those not considering cloud adoption and adapting to new technologies will fall behind.

Oracle NetSuite: a partner to achieve your business goals

With 25 years of experience across various industries worldwide, Oracle NetSuite has built a robust platform that enables unified business management, from operational staff to top executives. All this happens in real-time without the need for expensive infrastructure, backed by one of the world's largest tech companies.

How does it achieve this? Here are three key elements of NetSuite that make it possible:

PROVEN METHODOLOGY

With over 40,000 SaaS implementations across the years, Oracle and its solution providers have developed an effective strategy to launch the system in aproximately 100 days and achieve ROI within 9 months. Companies like Kavak and Clip, now valued at over $1 billion and classified as "unicorn companies," are success stories of this methodology.

Called SuiteSuccess, this methodology initially integrates essential elements for rapid system adoption, allowing businesses to see immediate benefits. It then focuses on continuous cycles of engagement, drive, enablement, and conversion to enhance and expand the system's capabilities, adapting to specific business needs and ensuring sustainable growth.

This approach, along with preconfigured industry workflows, results in greater operational efficiency, enhanced visibility for agile and informed decision-making, and more effective workflows.

TOTAL INTEGRATION

Oracle NetSuite is a flexible and customizable system that strikes a perfect balance without losing control. Thanks to its ecosystem of solution providers, you can create fields, workflows, and developments tailored to your business operations. Additionally, the marketplace offers hundreds of pre-built and tested applications designed to tackle daily challenges and maximize your instance's potential.

An efficient integration cannot be discussed without mentioning the platform's native modules. These modules often eliminate the need to seek other solutions to manage your entire operation. Some of the standout modules include:

• Finance
• Manufacturing
• Inventory Management
• CRM
• Project Management
• Marketing

ALWAYS UP-TO-DATE

You can have the most comprehensive ERP with the best integrations and all the necessary modules for world-class strategic planning, but what about long-term support?

Oracle NetSuite's biggest strength over its competitors is that you will always enjoy the latest version's updates. With two annual updates at no extra cost, NetSuite ensures that your system remains up-to-date and compatible with all your integrations and developments. This guarantees that your ERP evolves with your business needs, providing continuous support and keeping you at the forefront of business technology.

For example, in the current version (2024.1), the following enhancements were included

• NetSuite Text Enhance. This feature uses AI to help users create and review content based on NetSuite data.
• NetSuite Enterprise Performance Management (EPM). A module that combines planning, budgeting, and reporting capabilities into a single solution. 
• NetSuite Supply Chain Management (SCMS) update To manage inventory and orders more efficiently without needing to carry a larger device like a laptop.

READY TO TAKE THE FIRST STEP? TEKIIO IS HERE TO HELP

Having the support of a qualified consulting firm can make the difference between a successful implementation and an unsuccessful one. When making this decision, it's crucial to ensure that the firm has the necessary expertise to carry out a project of this magnitude.

At Tekiio, we are leaders in Oracle NetSuite implementations, development, and support across America and Europe. With 15 years of experience in Software as a Service and having worked with over 200 companies, including industry leaders like GNC, Healix, Axialent, and vLEX, we are ready to assist you.

Would you like to learn how to improve your business management with Oracle NetSuite? Send us a message and let's start a journey of mutual growth!