Considering NetSuite ERP For Your Manufacturing Company?

Any manufacturing business that wants to compete in today’s technology-driven environment needs up-to-date software solutions–and Enterprise Resource Planning (ERP) software is one of them. It integrates your company’s departments and disparate work processes into a single system so you can manage your core operations with a single solution.

Identifying the best ERP system for your manufacturing business is integral to your success. But it can be challenging to decide which ERP program to choose. To help we’ve highlighted why you should consider using NetSuite ERP.

NetSuite ERP is a scalable cloud solution that mid-sized manufacturing businesses and enterprises rely on. It’s a leader in the industry due to its financial management capabilities and business intelligence which helps you make well-informed data-driven decisions. It’s a developer hosted, cloud-based ERP platform that’s offered as a software-as-a-service (SaaS).

NetSuite ERP manages all your logistics while reducing the total cost of ownership. It will help you increase the accuracy of procure-to-pay processes and optimize the value of your workforce with integrated human capital management features.

If you need order management, NetSuite’s platform helps to accelerate order-to-cash processes with sales and fulfillment operations tied to pricing. It has best-in-class production management features that provide complete visibility into your manufacturing workflows so you can get products to market efficiently and on time.

NetSuite ERP includes solutions for:

  • Front- and back-office processes.
  • Financial management.
  • Revenue management.
  • Fixed assets.
  • Order management.
  • Billing and inventory management.

What Are Some Of The Benefits Of Using NetSuite For Manufacturers?

Built-In Business Intelligence: Get real-time visibility across your manufacturing business with 24/7 access from any browser. NetSuite ERP has built-in business intelligence so you can make data-driven and well-informed decisions. You can leverage full visibility into your manufacturing workflows so that you can place products on the market efficiently and on time. Its functionality supports the needs of finance, HR, sales, operations, and service departments.

Get Full Visibility Of Your Supply Chain: Manage your inventory from end-to-end. Your fulfillment data will be updated on a regular basis, and your inbound/outbound logistics can be managed while reducing your total cost of ownership. You’ll have a complete set of inventory management, manufacturing, and purchasing features. And you’ll have a real-time view of supplier, inventory and procurement indicators. This allows you to also improve collaboration between vendors and customers throughout the supply network.

Streamline Fulfillment: With a centralized system for customer orders, invoicing, and shipping information you can reduce fulfillment errors and avoid the costs of reconciling shipment data. You can integrate NetSuite ERP with shipping carriers like UPS and Federal Express to help you better manage your shipping and order processing costs.

Optimize Employee Productivity With HCM features: NetSuite Human Capital Management allows you to maximize your workers’ productivity while keeping down the cost of managing them. It helps you enhance employee productivity with real-time data visibility which helps you make smarter decisions. You can adapt it to your firm’s growth by offering cost-effective, flexible solutions to scale up a growing workforce.

Keep Costs Down and Profitability Up: NetSuite accounting software will help you keep a handle on your finances with financial close; strong expense management; streamlined and auditable revenue management; and complete real-time visibility of critical information related to your manufacturing company’s financial performance.

NetSuite ERP’s accounting software integrates with other NetSuite software like order management, inventory, CRM, and e-commerce functions. Gain daily cash balance visibility using real-time dashboards, scorecards and KPI’s. The real-time dashboards help you analyze and track Key Performance Indicators (KPIs) such as your account balances and the number of outstanding bills or invoices.

Fast Track Order-To-Cash Processes: Use NetSuite ERP’s order and billing management module to integrate your finance, sales and fulfillment functions. This avoids manual data input that slows you down. It promotes a more efficient workflow. It also improves the accuracy of quotes, reduces mistakes in data input and billing, and speeds up your order-to-cash process with automated approvals, invoicing and payment management. You can reduce manual and spreadsheet-based processes by up to 70% with NetSuite’s back-office system including financials, fulfillment, inventory and sales.

Perform Advanced Tasks: NetSuite ERP has multi-currency capabilities, and it complies with various international accounting standards. You can not only track income and expenses, but it provides advanced revenue recognition management. And you can automate routine, rules-based workflows, to enhance efficiency.

Keep Your Customers Happy: Save up to 93% in IT costs associated with maintaining, integrating and upgrading separate applications. NetSuite ERP integrates your front- and back-office processes and provides a comprehensive, up-to-date view of customer information and interactions. You’ll know what your customers need at any moment. You can keep them happy, retain them and ensure the growth of your manufacturing business with repeat business and valuable word-of-mouth referrals.

Why Else Should Your Manufacturing Business Consider Using NetSuite ERP?

NetSuite ERP is also touted as the “the world’s most deployed cloud ERP solution,” and it’s used by more than 40,000 enterprises in 160+ nations.

Are There Any Additional ERP Software Solutions Available?

Check out the following list:

Published on 7th March 2019 by Jon Morningstar

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