The basics of NetSuite: All you need to knowNovember 3, 2021 by Carole D'Arcy
The basics of NetSuite: All you need to know
Today, NetSuite is considered by many organizations to be the number one Cloud ERP software in the world – and it’s clear why. Offering flexibility, scalability, and ease of use, NetSuite provides its customers with both industry and business specific functions designed to accelerate growth.
But as a fully customizable ERP presenting endless possibilities, NetSuite can seem a little confusing at first, especially if you don’t know where to start.
So, for those looking to integrate with NetSuite, we’ve put together a blog on all you need to know.
What is NetSuite?
NetSuite is a cloud-based ERP (enterprise resource planning) business management platform that is aimed at small to medium-sized businesses. It provides a single point of entry for all business-related information, including sales, marketing, finance, and human resources, giving organizations a real-time view of performance across each department.
In short, NetSuite is a one-stop solution for managing business operations. But let’s take a look at what NetSuite can offer in greater detail.
NetSuite features and functionality
- Financial planning
NetSuite's financial planning functionality provides organizations with instantaneous data for strategic planning and predictions. At its most basic, the platform comes with budgeting, forecasting, modelling, and reporting functions. - Accounting and financial management
NetSuite provides all the core accounting functions a business will need. From general ledger and accounts payable/receivable, through to more advanced features such as audit and compliance management, expense management, and multi-currency transactions. - Billing and invoicing
Allowing businesses to define an array of payment options, including transactions, subscriptions, and usage-based models, NetSuite can handle billing and invoicing with ease. Organizations can also stay on top of their cash flow with reporting and analytics, as well as increased visibility into outstanding invoices. - Supply chain and inventory management
With capabilities for manufacturing, distribution, and supply chain management, NetSuite offers businesses real-time insights on their critical logistics operations. - CRM (customer relationship management)
Although technically a separate application, NetSuite's CRM works hand-in-hand with its ERP platform. By tracking business interactions with customers, from their first website visit through to their most recent purchase, NetSuite CRM can help provide a 360-degree customer view.
NetSuite Integration Tools
For businesses looking to customize and integrate with their solution, NetSuite offers a comprehensive cloud platform named SuiteCloud.
Designed for IT professionals, business analysts, and application developers, SuiteCloud is often used to extend the capabilities provided in the core product of NetSuite. For those looking to meet unique business needs, specific components of SuiteCloud include:
- SuiteScript
SuiteScript is the NetSuite platform built on JavaScript that enables complete customization and automation of business processes. This integration tool ensures the creation of a flexible integrated environment and can be used by developers to achieve specific business requirements. - SuiteTalk
SuiteTalk is an integration technology based on standards that use CSV, SOAP, and REST web services for the addition of various third-party and in-house applications. It can be used to create and customize mobile applications, as well as websites for NetSuite integrations.
Further help with NetSuite from Nolan Business Solutions
We get it. There’s a lot to uncover with NetSuite and how it can benefit your business. So, if you have any further questions relating to this topic, get in touch with our expert team today – we’re always happy to help.