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Oracle NetSuite ERP is a cloud business management solution that enables companies to operate more effectively. NetSuite ERP delivers automation of core processes and real-time visibility into operations and finances so users have tighter control of their business. The modular, integrated suite of applications that covers accounting and management of financial transactions, order processing, inventory, warehouse operations, supply chain, and global business.
NetSuite cloud accounting software gives users a complete view of their cash flow and financial performance. It provides GL, AR, AP, and tax management features to simplify the process of recording transactions, managing payables and receivables, collecting taxes, and closing books. Reporting and financial control tools allow users to resolve issues, generate statements, and comply with regulatory requirements.
Financial management helps expedite daily transactions, reduces time to budget and forecast, and accelerates financial close. It has features for billing, planning and budgeting, accounting integration, revenue recognition, financial reporting and consolidation, and governance, risk, and compliance with built-in capabilities and processes.
Inventory and Warehouse Management
NetSuite’s inventory management application includes tools for tracking inventory in multiple locations, determining reorder points, managing replenishment, and optimizing safety stock. A single, real-time view of inventory across locations and sales channels enables users to reduce inventory on hand and free up cash while avoiding stockouts.
Warehouse management lets users optimize day-to-day operations by eliminating many manual processes to minimize costs, run warehouses more efficiently, and meet customer expectations. Features include mobile RF barcode scanning, strategies for putaway and picking, task management, return authorization receipts, and cycle count plans.
Order, Supply Chain, and Global Business Management
NetSuite order management automates the lifecycle of an order, ensures accurate recordkeeping, and supports complex processes like split shipments and drop shipping. Its features include multi-channel order management, sales order management, returns management, and pricing management.
Supply chain management eases the process of moving goods or materials. Companies can oversee the flow of goods end-to-end, from suppliers through manufacturing to customers. Users can create an up-to-date supply plan that lets them analyze demand, determine replenishment requirements, add stock, and create orders. It also enables users to optimize all its assets, control costs, and deliver items to customers on time.
For companies managing global operations, NetSuite OneWorld is a global business management application to manage multiple subsidiaries, business units, and legal entities. Features include multiple currency support, support for 27 languages, electronic payments, taxation, reporting, and other tools for real-time financial consolidation and visibility.
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Oracle NetSuite ERP Pricing
Oracle NetSuite ERP pricing is available upon request from the NetSuite sales team. As cloud software, users subscribe through an annual license fee composed of 3 main components: core platform, optional modules, and number of users. As a company grows, it can activate new modules and add users as needed. A one-time implementation fee is also charged for the initial setup.
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Who Uses Oracle NetSuite ERP?
Oracle NetSuite ERP customers are businesses of all sizes. It is ideal for fast-growing mid-market companies with increasingly complex business processes managed through an integrated solution. Customers include Accelerate Learning, Ambassador Foods, Art in Action, Becker Safety and Supply, Casalife, DirectScale, Easy Living Home Elevators, Good360, and Hestra USA.
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Oracle Netsuite ERP Supported Languages
Oracle NetSuite ERP supports English (US), Chinese (Simplified), Chinese (Traditional), Czech, Danish, Dutch, English (AU), English (CA), English (International), English (UK), Finnish, French, French (Canada), German, Indonesian, Italian, Japanese, Korean, Norwegian, Portuguese (Brazilian), Russian, Spanish, Spanish (Latin America), Swedish, Thai, Turkish, and Vietnamese.
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Opher Yunger is the managing partner of marketing and operations of a Hallandale Beach, FL-based company that helps international food brands enter the US foodservice market. Learning lessons from its experience with Hurricane Irma, the company decided to replace its manually operated, on-premise accounting software with a cloud ERP system. After deciding on Oracle NetSuite ERP, the company weathered the challenges of 2020. NetSuite ERP allows management to make more timely and informed decisions with accurate computations and real-time reports.
Robert Pizzie is the CEO and founder of a provider of home elevators in Australia. As business started growing, business software limitations resulted in more pressure on the financial team. The company chose Oracle NetSuite ERP for instant access to reports and automation that aim to free up time so the finance team can work on more value-added tasks. The result is streamlined month-end reporting done in 6 days instead of 2 weeks, allowing the finance team to focus on innovation and expansion.
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Why Choose Oracle NetSuite ERP?
Oracle NetSuite is a flexible ERP software that provides companies with customizable and scalable tools at all phases of business growth. A single, end-to-end solution allows organizations to protect their investments while enabling them to be more efficient, agile, and innovative. It has built-in real-time analytics and best practices ideal for specific industry sectors like retail, ad and PR agencies, wholesale distributors, and non-profits.
Oracle NetSuite is a publicly traded American global company with headquarters in Austin, TX, and offices across the US and around the world. Among the first cloud companies, NetSuite was founded in 1998 by Evan Goldberg. In 2016, Oracle completed its acquisition of NetSuite, which remains an independent business unit within Oracle. Today, it continues to develop and build financial and ERP software as well as integrated systems that help mid-market companies build and grow successful businesses.
Jose Santos is a long-time contributing writer for project-management.com. He is a subject matter expert in the field of project management and has many years of experience writing about project management software and tools. He has written hundreds of articles for the project management industry, including numerous software reviews, book reviews, training site reviews, and more.