What Is NetSuite? The Basics Explained

Did you know 64% of business owners want to invest in enterprise resource planning so they can improve business performance?

If you feel this way, you may be able to achieve your goals by investing in an ERP solution known as NetSuite. However, before you invest in this product, you might want to learn more about what it can do.

Keep reading, and you’ll discover an answer to the question ‘what is NetSuite?’ You’ll soon learn why NetSuite may be a good option for your business.

Let’s begin!

What Is NetSuite?

Netsuite is an ERP solution that’s designed for small to medium businesses.

ERP is software that helps business owners and employees manage the various departments in a company.

For instance, using an ERP system, you can get an overview of your stock levels, and you can also see how much money is coming in. This is helpful because you can now make informed decisions regarding how you should move the company forward.

NetSuite is a cloud-based solution, and this means you can access the data as long as you have an internet connection.

Another good thing about NetSuite is it’s designed to be used in a wide variety of businesses. Following this, there’s a good chance NetSuite will work for your business.

How Much Does NetSuite Cost?

It’s hard to say how much it will cost for you to install NetSuite as there are many factors at play. For instance, the amount you pay can depend on the number of employees you have as well as the general complexity of your business.

That said, if you need to work out some rough figures, you might want to review a NetSuite pricing guide. In doing so, you can determine how this solution is priced and whether you can afford to invest in ERP.

Implementing NetSuite

Because ERP software is relatively complex, implementing it in your business can be a tricky process. Fortunately, there’s a lot of documentation out there that shows you how to go about things.

If you don’t have the time to review all this information, you may want to work with a NetSuite implementation company.

Such companies understand how NetSuite works, and thus they’ll know how to set it up so that it works with your existing tech.

If you want to avoid implementation issues, you may want to work with an implementation company that specializes in your niche.

Such companies will be familiar with how your industry works, and the kinds of software you use. This will then make it easier for them to integrate NetSuite without ‘breaking’ other parts of your IT infrastructure.

Will You Invest in NetSuite?

Everything we’ve covered in this post should make it easier for you to answer the question ‘what is NetSuite?’

As mentioned, installing NetSuite isn’t an easy task, and it’s crucial that don’t rush through this process.

To stay on the safe side of things, you may want to consider a gradual roll-out. In doing so, you can prevent a company-wide issue, should something go wrong with your NetSuite setup.

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