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Top 7 Reasons Mid-Market Leaders Choose NetSuite’s Cloud ERP

If you’re managing complex financial situations on outdated systems, it’s time to upgrade to this customized-to-fit-all solution of NetSuite’s Cloud ERP. 

June 21, 2024

As an experienced fractional CFO, I’ve seen firsthand the challenges Mid-Market companies face when trying to scale. Whether you’re managing complex financial situations or struggling with outdated systems, one tool consistently rises to the top: NetSuite’s Cloud ERP. This powerful solution offers unparalleled flexibility and integration capabilities to eliminate these common pain points and grow your business. 

In this post, we’ll examine the top 7 reasons why Mid-Market leaders choose NetSuite’s Cloud ERP to drive their business forward. 

#1: Enhance Customer Relationships 

You can significantly enhance customer relationships with NetSuite’s integration with your current CRM systems. How? By consolidating all customer information into a single, unified platform, you have a comprehensive view of each customer. Building and maintaining strong customer relationships is crucial for the success of your business. 

NetSuite’s Cloud ERP supports your organization's customer service teams, marketing, sales, and seamless collaboration. Some ways you can enhance customer relationships:

  • Accessing real-time customer histories and preferences enables your teams to create more customized and efficient interactions. 
  • Tailoring pitches and identifying upsell opportunities based on customer activities and purchase histories. 
  • Creating target campaigns based on detailed customer data, increasing engagement and conversion rates. 
  • Tracking customer behavior and campaign effectiveness to improve engagement and retention. 
  • Collaborating seamlessly across departments ensures all teams are aligned and enhances the overall customer experience. 
  • Automate workflows, reduce manual effort and minimize errors for a more reliable and consistent customer experience. 

It doesn’t get much better than that, and that’s only one of the reasons Mid-Market leaders choose NetSuite. By leveraging NetSuite’s Cloud ERP and its powerful CRM integrations, you can enjoy stronger customer loyalty, better customer relationships, and greater success for your business over the long term. 

#2: Improved People Management 

Like customer relationships, NetSuite’s Cloud ERP improves people management by centralizing all employee data into a single, unified platform. You always have accurate, up-to-date information that eliminates data silos and streamlines complex HR processes like recruitment, onboarding, performance management, and offboarding. 

If you want to improve people management at your organization significantly, NetSuite’s Cloud ERP provides much more, such as: 

  • Real-time analytics and reporting capabilities so HR leaders can monitor key metrics like headcount, turnover rates, and compensation structures. 
  • The ability to make data-driven decisions to improve workforce management. 
  • Ensuring compliance with labor laws and company policies by automating the management of employee records and time-off requests. 
  • A self-service portal for employees to manage their personal information, leave requests, payroll dates, and more. 
  • Seamless integration with financial systems ensures you have a comprehensive view of how workforce performance impacts financial performance, ultimately allowing for better financial planning and budgeting. 
  • A scalable, customizable solution that accommodates the evolving needs of your company. 

NetSuite’s Cloud ERP allows your organization to optimize HR operations, improve employee satisfaction, support workforce planning, payroll processing, time tracking, compliance management, and drive organizational growth. 

#3: Greater Cloud-Based and Operational Efficiency

NetSuite reduces hardware, software, and IT personnel costs by eliminating the need for expensive on-site IT infrastructure. That’s a huge savings! A major factor in why companies choose NetSuite’s Cloud ERP is for greater Cloud-based and operational efficiency. 

It can quite literally transform your business operations through: 

  • Automatic updates ensure your system is always up-to-date with the latest technology without any downtime or extra effort from your team. 
  • A world-class data center with robust security measures to reduce the risk of data breaches and ensure compliance. 
  • Scalability so you can easily add users, modules, and functionalities as your teams and organization grow without the need for significant hardware investments. 
  • Access to NetSuite’s Cloud platform anytime, anywhere, so you can manage operations in any working environment. 

Operationally, NetSuite integrates core functions like accounting, CRM, inventory, and order management into a single platform. With real-time data visibility and the automation of repetitive tasks, you can make quick, informed decisions and collaborate across departments with ease. 

#4: More Robust Financial Operations

Many mid-market companies choose NetSuite’s Cloud ERP because of its robust financial management capabilities. This comprehensive suite of tools allows you to manage everything from transaction processing to automated financial closing. 

Some of the ways NetSuite can solve your organization’s biggest financial pain points: 

  • Automating manual tasks like journal entries and account reconciliations reduces the risk of errors, ensures accuracy in financial reporting, and eliminates the need for manual data entry. 
  • Providing real-time visibility through customizable dashboards and reports for up-to-the-minute insights drives better decision-making and quickly uncovers trends and opportunities. 
  • Create custom reports to analyze performance and profitability drivers so you understand your business and its financial data better. 
  • Automating billing and invoicing to streamline payment processing and receivables tracking saves time and reduces errors. 
  • Improving cash flow control through the efficient management of accounts payable and receivable. 
  • Advanced budgeting and forecasting tools allow you to plan for the future more accurately and confidently. 
  • Simplifying finances across different currencies and countries. 

You can drastically improve your financial operations through NetSuite’s financial management system. These features allow you to improve accuracy, drive efficiency, and accelerate the growth of your organization. 

#5: Customized To Your Exact Business Needs

No business is one-size-fits-all, and the solutions to their problems shouldn’t be either. Founders choose NetSuite’s Cloud ERP because it can be customized to meet their company’s needs and is an invaluable tool for growth and efficiency. You can tailor workflows, reports, and dashboards to align with your unique processes and needs perfectly. 

Customization has many perks, including: 

  • Reducing manual data entry, thus minimizing errors and saving time. 
  • Enabling employees to focus on strategic initiatives to drive growth. 
  • Real-time, customized reports and dashboards provide your relevant data to make informed decisions quickly. 
  • Scalability that ensures your ERP system grows as you grow. 
  • The ability to pay only for what you need, effectively managing your costs. 
  • Seamless integration with popular third-party tools. 
  • A personalized user experience, so you’ll actually enjoy and find immense value in using the platform. 

A platform customized to your organization’s unique blueprint means you can offer better services, innovate faster, and differentiate yourself from competitors. NetSuite is the tool for you if you’re ready to streamline your operations, make better, faster decisions, and scale effectively. 

#6: Timely and Informed Business Decisions 

Making timely and informed business decisions is critical for the success of any business and gives you a distinct competitive edge if you can do it effectively. NetSuite’s Cloud ERP gives you this ability. How? 

With up-to-date information at your fingertips through real-time dashboard analytics, you can respond quickly to market changes, customer demands, and operational issues, giving you the advantage over less-informed companies. 

Mid-Market leaders choose NetSuite for many reasons, and the ability to make good decisions for your organization’s success is high up on that list. Some other ways you can utilize NetSuite’s robust reporting and analytics capabilities include: 

  • Customizable dashboards where you can monitor KPIs and other key metrics. 
  • Real-time visibility supports proactive management, enabling you to identify and address potential problems before they escalate. 
  • Consolidating various data sources into a single platform without the need for manual data entry. This reduces errors and leads to improved operational efficiency. 
  • Scalability that ensures your analytics capabilities meet your organization where it’s at as it grows. 

NetSuite’s comprehensive insights help you understand your current state, uncovering underlying issues and opportunities for improvement. Reports offer a snapshot of what happened, and analytics dive deeper into the trends or issues. You can leverage these capabilities to drive growth, profitability, and a competitive advantage. 

#7: Supports Global Expansion

NetSuite’s Cloud ERP provides unparalleled support for global expansion, a necessary step for many Mid-Market businesses. This unified platform can help you manage financials, customer relationships, eCommerce, and even supply chain operations across multiple countries. 

Expanding into new markets is a massive milestone for any company, and it comes with its own set of challenges. As you can guess, NetSuite can handle expansion effortlessly, so you can focus on growing your business over the long term. NetSuite supports global expansion by: 

  • Providing real-time currency conversion and support for over 190 currencies to ensure accurate financial reporting and reduce the complexities associated with currency fluctuations. 
  • Including pre-configured tax codes and a configurable tax engine that can be tailored to meet specific local requirements. No one wants to open themselves to the risk of penalty due to non-compliance, so the system handles cross-border sales for you. 
  • Supporting 27 different languages and facilitating communication and operations in various regions. You can bridge the gap between customers, local staff, and stakeholders within the system in their preferred language. 
  • Providing real-time visibility through customizable dashboards so you can monitor international operations effectively. 
  • Automating financial processes while still maintaining compliance with international standards. 

Mid-market companies leveraging NetSuite can confidently expand into new markets, manage multiple subsidiaries, and ensure compliance with diverse tax laws and regulations. It’s an indispensable tool for businesses looking to grow internationally. 

Think of NetSuite’s Cloud ERP as your trusted partner for growth. Choosing the right ERP system is crucial for anyone aiming to scale efficiently and stay competitive. NetSuite’s Cloud ERP stands out for its ability to streamline operations, support global expansion, and provide real-time insights into your business. 

Don’t let outdated and clunky systems hold you back. Contact us here at Lineal to explore how NetSuite can revolutionize your business operations and support your growth. 

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