Is Your Business Ready for Oracle NetSuite ERP System?
If your business is growing and developing, you need to organise your business processes and start planning what kind of investment will drive your business forward. Investing in an ERP business system is one of the things you need to consider. If you are investing in a new business solution, Oracle NetSuite ERP might be the best option for you.
Here are the most common signs which will help you decide if your business is ready for transitioning to ERP software.
1. You don’t have a unified view of the business.
Collating data from different software platforms and spreadsheets will make it impossible for you to have a unified view of important business functions, which will lead to a chaotic business reporting function. A cloud-based ERP software integrates all these software platforms into a single system, so you will be able to collate different kinds of data from a single database and get real-time insight and visibility for better planning.
2. Lack of good sales intelligence.
You might become lost without having a CRM system. CRM, which is seamlessly integrated with the NetSuite ERP, will enable you to take and keep notes of the conversations you have. This is especially useful to salespeople in customer-focused businesses who need to keep track of their interactions with customers and organise their information better. The cloud-based NetSuite ERP will enable you to better track your communications, increase your responsiveness rate, and will prevent you from missing out new opportunities.
3. You are using outdated accounting software system.
Using outdated accounting system will negatively affect your invoicing, payroll, revenue recognition, credit control, and working capital management. For example, implications can include land being locked into an old version, sluggish response times, convoluted processes.
Also, when it comes to data an ERP solution will consolidate all the data inputs into better business intel compared to stand-alone finance system to give you a superior view and understanding of your finances.
4. Your software is hardly customisable to the changing needs of your business.
It becomes complex not only for multinational brands with multiple subsidiaries, but also for start-ups, when they need to customise, integrate, and maintain disparate systems. With its build-in flexibility, NetSuite offers a customisable cloud platform to accommodate your processes and structures via its Suite Cloud applications and tools.
Already feeling the positive change that ERP software can bring to you?
NetSuite as the leading provider of cloud-based SaaS software coupled with CloudTamers’ experience in the software business will help you manage your growing business. To find out how to negotiate the best terms for your NetSuite ERP, just get in touch.
Written by Gloria Yordanova – Marketing and Business Support Associate at CloudTamers Ltd