How far are you when it comes to digital transformation? Find out in this comprehensive checklist!
Enterprise Resource Planning (ERP) systems have become a vital component of many businesses’ digital tool sets. With an ERP system in place, access to information, and the accuracy of data are made simple, with a centralised database. From finances to operational information, having all this data held in one place allows all departments to access the information they need, and be assured that it is up-to-date and accurate. In addition, it allows for in-depth data analysis, offering a wealth of future planning opportunities. An ERP solution also enables the automation of business processes, saving time and eliminating human error.
Introducing NetSuite ERP – the world’s most popular ERP solution
NetSuite ERP is the world’s Number 1 ERP solution, the first choice of businesses all over the world. One of the many reasons why NetSuite ERP has become so popular is its capacity to be tailored to the needs of each business with its innovative modules. NetSuite’s modules are added features that build on the capabilities of the base package. With NetSuite modules, you can add functionality where you need it, without being overwhelmed with features you will simply never use. It’s a great way to get a bespoke ERP solution without the expense of having your software created from scratch for your company.
A closer look at NetSuite Modules
NetSuite has a great deal of functionality built-in, but for specialist features, there’s a wide selection of modules to choose from offering even more capabilities.
NetSuite Advanced Financials
Enhancing the financial management capabilities of NetSuite, Advanced Financials provides extra features for budgeting, expense allocations, statistical accounts, and more.
NetSuite SuiteBilling
SuiteBilling brings you invoice and billing management to support a variety of business models such as subscription or usage-based billing as well as hybrid options. Accounting is processed in accordance with the latest revenue recognition standards.
NetSuite Revenue Management
The Revenue Management module offers automation of revenue tasks such as forecasting, reclassification, auditing, and more.
NetSuite AP Automation
AP Automation brings full automation to the entire invoice-to-pay process, including data capture, making payments, and reconciliation.
NetSuite Planning & Budgeting
This module facilitates budgeting and planning with approval workflows and reporting on both a company-wide and departmental level.
NetSuite Multi-Book Accounting
Multi-book accounting provides the functionality to create business transaction records and post them to multiple books automatically.
NetSuite OneWorld
OneWorld adds extra features to benefit multinational companies and those with multi-subsidiary operations. It brings in features for local currency adjustments and automates processes regarding local taxes and legal requirements.
NetSuite Dunning Letters
Dunning letters automates dunning processes, sending reminder letters before payment, saving time, and ensuring all letters go out in a timely manner.
NetSuite Fixed Assets Management
For company-owned and leased assets, Fixed Asset Management makes dealing with assets simple with flexible depreciation, amortization schedules as well as detailed asset reporting.
NetSuite Electronic Bank Payments
The Electronic Bank Payments module offers secure automation of electronic funds transfer payments and collections.
Looking for expert help to reach your digital transformation goals?
NetU Group is an official NetSuite partner, helping businesses achieve and exceed their goals in the digital transformation. Could your business benefit from NetSuite ERP? If you’d like to find out more, then get in touch today, we’d be happy to help and advise you. Our experts are waiting for your call to provide a free consultation.