Planning and managing are two of the primary responsibilities of a business owner. You must plan the future of the brand, such as setting goals, while managing the resources you have to build an efficient operation. With these two ingredients, you have the tools needed to remain competitive in your industry.
A business owner is only as good as the tools they employ. In 2024, one of the best tools to bring your company to the next level is a cloud-based enterprise resource planning program (ERP). The pioneer of cloud-based technology, including ERP platforms, is NetSuite.
NetSuite has tens of thousands of clients across the globe, all of whom rely on its ERP platform to maximize business efficiency. What can this platform do for your brand? Let’s take a look at the services that this cloud ERP can provide and how they can propel your company toward its goals.
Scalability
One of the primary functions of a cloud ERP tool is to make growth simple. With a NetSuite account, you pay only for the level of service your business needs at the time. If those needs increase, then you can upgrade your plan to receive more features and computing power. Since this program is a software-as-a-service (SaaS) tool, you do not have to worry about building and maintaining your own server network. All operations can be done online from any device with access to the ERP and all associated applications. When your team grows in size or the scope of your operations increases, then NetSuite’s ERP is perfectly positioned to adapt with that growth.
Maximizing Efficiency
A company can only operate as well as its internal processes are designed. If your employees are constantly held up by manual tasks, they cannot focus on more important initiatives like customer service, sales, or marketing. One of the primary benefits of NetSuite’s ERP is its automation. Tasks that used to be done manually by your team members can now be automated, freeing those individuals up for other work. This creates a more efficient operation that uses its resources to the best of their abilities, from people to revenue. For example, if your company is international, currency APIs integrated with NetSuite can cut down on how much time your team spends with currency exchange for customer transactions.
Lowering Operational Costs
The higher your overhead, the more difficult it is to turn a profit. Without a cloud-based ERP like NetSuite in your toolkit, you are likely dealing with some substantial overhead costs related to server infrastructure and maintenance. Additionally, a lower-quality ERP may experience downtime issues that limit your company’s capacity through no fault of your own. As the preeminent cloud ERP platform, NetSuite is uniquely positioned to lower your operational costs. You only pay for the computing capacity your company needs. When third-party servers go down, NetSuite has the infrastructure to keep your applications running on backups. If you are struggling with the ERP’s functionality, a service provider like GSI can provide fast solutions to keep everything running smoothly and ensure your costs do not climb.
Upgrade Support
Getting new software can be an intimidating process. Even if you are simply upgrading a system you already have, the changes can cause your current processes to stall for a bit, costing the company precious time. NetSuite has support partners that can guide your team through this transition, whether you are adopting the ERP for the first time or upgrading to the latest software. These partners can temporarily augment your staff to train them on new features, transition old processes to new applications, and answer any questions your team may have throughout the upgrade.
Enhancing Security
Cybersecurity is a major concern for online brands in 2024. As the technology improves, so too do the tactics of hackers. Protecting company and customer data is crucial at this time, and NetSuite’s ERP has the security measures to do so. You can implement multi-factor authentication and strict password policies to limit access within your team. Encryption is used to translate data into code that is only readable at the receiving access point. If you have concerns about your current ERP’s security, then consider a switch to the top product in the industry with cutting-edge security measures in place to protect your data.
Upgrade to NetSuite’s ERP for a Brighter Business Future
Do you want to stay competitive within your industry and keep up with changing consumer demands? The right cloud-based ERP can get the job done, and NetSuite is the top name in the industry. This platform will grant your business the ability to scale quickly while limiting overhead costs. As you build a more efficient company, NetSuite can provide the backbone for all your internal operations, enhancing online security in the Internet age and freeing your team members up to focus on their most important tasks.