Things You Need to Know About the NetSuite Starter Edition
Updated: Aug 16, 2021
Starting out a business is a huge decision and it come with many challenges through multiple stages. The early stages, however, are the most vulnerable amongst them all, considering the adjustments and setup required to achieve stability. It is where the business will commonly opt for the cheapest business management solution, including ERP system.
During the initial stage, a business may choose manual methods to operate its entire business. As the company grows, the business then starts to look for alternatives to replace their traditional business management system as it becomes difficult to log every activity of the growing business.
Such approach leads to many problems which can hinder the productivity of the company. Data entry, role management, missing records, and project management control are just some of the areas in which critical issues can arise. It is therefore advisable to look for a holistic ERP solution from the early stage to prevent future problems.
How is NetSuite the best ERP System for your ERP Solutions?
NetSuite provides solutions for various business needs. For a growing business, NetSuite provides its Starter Edition which is ideal for a business with 10 users or less. The Starter Edition utilizes the most common industry functionality and uses pre-configured KPIs, workflows, reminders, dashboards and reports for the most common roles in your company to create a desired ERP system within 100 days.
The approach of NetSuite SuiteSuccess Starter Edition is to leverage upon industry standards from the very start to create a system that is not only fully functional, but also provides a strong foundation for system scalability and integration at a reasonable cost. So you don’t run into the issue of outgrowing your NetSuite system even 10+ years from now!
The Starter Edition is supported with features such as dashboards and reports which can be configured per role and your industry needs. NetSuite also offers easy access with its Cloud-based SaaS, which allows the users to go mobile, with flexible accessibility, anywhere and anytime.
Other benefits of NetSuite SuiteSuccess Starter Edition
Remove time-consuming manual processes
Commonly, an employee would spend up to 20% of their time on manual processes. For a growing business, this percentage can cause a drastic effect on productivity. NetSuite can automate many processes to get rid of this extra effort, for instance, one can automate a large proportion of the Accounting department and/or provide the following benefits:
· Reduce time spent in financial closing
· Increase accounting department productivity
· Reduce effort in Account Receivable collections
Many other departments can also be similarly automated within NetSuite, which would increase the productivity and efficiency of your company.
Having access to crucial company information is vital to make data-driven decisions. Managers and Higher-Ups in the company must have constant access to information like the value of outstanding receivables, key KPIs, highest volume selling products, inventory demand forecasting, customer queries and more. NetSuite can provide a complete overview of your business and its status on its dashboard. NetSuite’s Starter Edition comes with 95+ pre-built industry-specific reports and role-based dashboards to provide the necessary information right at your fingertips.
Interested in finding out more about how NetSuite can help automate your ERP process?
The truth is, we’ve only scratched the surface! If you want more information about NetSuite, make sure to check out other helpful tips, tricks, and NetSuite updates on our blog.
Whether you are looking for a one-stop-shop for all things NetSuite, or simply need answers to your questions, our experienced NetSuite experts are here to make your business better. We are only one call away to make your whole ERP dream journey come true.