Oracle NetSuite's cloud-based ERP platform is the top choice for technology companies worldwide, including most in Silicon Valley, a region globally recognized as the birthplace of startups.
Today, more than 5.000 software companies trust and use Oracle NetSuite to run and manage their business processes. With the platform, customers have all their historical customer data and financial business data available on any device, from anywhere, at any time.
These businesses are frequently listed among the 500 fastest-growing public or private companies in the technology market (Deloitte Technology Fast 500), and Oracle NetSuite continues to fuel the most aggressive and valuable IPOs in the software industry.
Oracle NetSuite systems are global and 100% cloud-based. Regardless of where your company is and where it intends to go, the software will always be prepared to support and accompany that journey (multi-currency, multi-language, multi-location). The platform eliminates manual, costly, and inefficient processes for financial interaction and consolidation, which are key to scaling your organization.
With the cloud-based subscription model, project costs are reduced, as are expenses related to infrastructure, databases, hosting, antivirus software, and all other additional costs associated with managing a computing environment. Furthermore, system version migrations and upgrades are applied automatically, preserving all customizations made by the client.
What are the key differences between Oracle NetSuite and other systems?
Accelerated Scaling
The most frequently reported benefit by our clients is the ability to scale the system quickly, keeping pace with business growth or changes in strategy, regardless of how fast they occur. This is one of the biggest challenges for rapidly growing companies.
Simplified Revenue Recognition
Managing deferred revenue has been one of the most complex challenges in the segment, and one that is still not addressed by most ERP systems. In Oracle NetSuite, this process is simple, fully supported, and eliminates the need for the finance team to adjust accounting, balance sheets, etc.
Automatic Expense Allocation
Another process that generates a huge amount of manual work in companies is cost allocation. Oracle NetSuite has advanced features to automate all cost allocations, including by project and other variables that are not market standards. And the best part is that all of this is parameterized, without the need for complex customizations and constructions.
Accelerated Financial Closing
Performing a company's financial closing process is done securely and efficiently with Oracle NetSuite. The tool offers auditing functionality, search creation, reports, dashboards, and various other functions that the end user can configure and access in just a few steps. The system combines rich accounting and consolidation functionalities, eliminating the need for spreadsheets and manual reconciliations, even as your company expands internationally.
Optimize your CRM investment.
Oracle NetSuite offers a complete CRM suite, integrated with the ERP system and capable of serving the Sales, Marketing, and Service areas. All of this is included in the ERP licensing; in other words, you license the ERP and receive the CRM.
Help in decision making
With Oracle NetSuite, you have access to important business metrics anytime, anywhere, and via mobile device. There are over 800 reports and indicators that can be customized by users.
Improves global operations
Oracle NetSuite enables multinational companies to manage their businesses across multiple countries, with different currencies, diverse tax rules, and even different accounting periods. This allows companies to gain visibility and confidence in financial consolidation.
High performance for service companies.
The system has specific functionalities for software, subscription, and project companies. All processes are managed with high performance, regardless of volume or complexity. From lead generation and sales to invoicing, revenue recognition, and accounts receivable automation.
Ease of Integration
Oracle NetSuite can integrate with any application, via API or files. The system already has many ready-made integrations, and these can be supplemented/modified by the client. In addition, you can license some integrations on the NetSuite Apps portal (SuiteApp.com).
Recurring revenue and subscription management tools
The platform manages recurring revenue streams, including subscription billing and measurement-based or rule-based invoicing. It also allows for the management/automation of contract renewals and integrates with digital subscription providers.
Are you ready to expand your business? Get a presentation of what the world's #1 ERP can do for you!
