What is NetSuite? Your guide to NetSuite ERP and CRM software

NetSuite helps businesses manage operations, financials, and customer relationships in one platform. Its cloud-based solution streamlines processes, supports data-driven decisions, and scales with growth. NetSuite is an integrated cloud platform that combines ERP, CRM, and other business applications to help businesses manage and grow efficiently. Its all-in-one capabilities make it a popular choice for organizations of all sizes, providing real-time insights, scalability, and flexibility.

Whether you’re a startup or an enterprise, NetSuite gives you the tools to optimize processes, enhance customer experiences, and achieve long-term success. This guide covers what NetSuite is, its features, benefits, and how it can transform your business.

In this blog, we will explore the following topics:

• What is NetSuite?
• Benefits of NetSuite
• What is NetSuite used for?
• NetSuite ERP: Powering business operations
• NetSuite CRM: Driving customer success
• Other popular NetSuite modules and add-ons
• Industry-specific editions with NetSuite SuiteSuccess
• How to get NetSuite
• Implementing NetSuite with the right partner

NetSuite is a cloud-based business management software suite that helps organizations streamline operations, increase efficiency, and drive growth. It combines core enterprise resource planning (ERP) and customer relationship management (CRM) capabilities with a variety of additional tools, providing a comprehensive solution for businesses of all sizes. NetSuite’s cloud-first approach means it offers real-time accessibility, allowing teams to access the system from anywhere, at any time, with automatic updates and secure data storage.

As an all-in-one platform, NetSuite simplifies complex business processes across financial management, sales, procurement, and more. Its ERP features help companies manage financials, inventory, supply chain, and human resources, while its CRM system supports customer engagement, sales, and marketing activities. With its scalability and flexibility, NetSuite can easily grow with your business, adapting to new requirements as your company evolves.

This powerful platform is trusted by organizations for its ability to integrate critical business functions into one system, helping companies make better decisions, boost productivity, and accelerate growth.

NetSuite offers a range of benefits that help businesses streamline operations, improve decision-making, and drive growth. By integrating key business functions into one platform, it eliminates data silos and ensures real-time insights. NetSuite’s cloud-based nature also provides scalability, flexibility, and accessibility, making it an ideal solution for companies of all sizes. Here are some of the key benefits:

• All-in-one solution: Combines ERP, CRM, eCommerce, and more in one platform
• Scalability: Grows with your business, adapting to new needs as you expand
• Real-time data: Provides up-to-date insights for informed decision-making
• Cloud-based: Accessible from anywhere with secure data storage and automatic updates
• Increased efficiency: Automates processes, reducing manual work and improving productivity
• Customization: Tailor the platform to meet your unique business requirements
• Cost savings: Reduces IT infrastructure costs with a cloud-first approach

NetSuite’s robust functionality, combined with its ease of use and adaptability, makes it an invaluable tool for organizations seeking to optimize operations and achieve long-term success.

NetSuite is designed for businesses of all sizes, from small startups to large enterprises. Its flexibility and scalability make it a popular choice across a wide range of industries, including wholesale distribution, manufacturing, professional services, retail, e-commerce, and more. Whether you’re a growing company or a global corporation, NetSuite can support your business needs. For example, many manufacturing companies choose NetSuite to streamline their operations.

NetSuite is a versatile platform used to manage a variety of business functions, from financial management to customer relationships. Its broad range of applications helps companies improve operational efficiency and gain better insights into their business. Here are some common use cases:

• Financial Management: Automates accounting processes, financial reporting, and budgeting
• Inventory Control: Tracks inventory levels, manages supply chains, and ensures optimal stock levels
• Customer Relationship Management (CRM): Streamlines customer interactions, sales, and marketing activities
• Analytics & Reporting: Provides real-time data and insights to drive business decisions

NetSuite’s ability to unify these critical business functions into one platform helps businesses optimize their operations, improve customer experiences, and accelerate growth.

NetSuite ERP is a comprehensive platform that handles financial management, supply chain, inventory, and more to improve operational efficiency. By integrating these functions into a single solution, NetSuite ERP enhances operational efficiency and provides businesses with real-time insights into their performance. This unified system improves visibility across departments, helping businesses make more informed decisions and optimize their resources.

Key capabilities:

• Financial management: Streamlines accounting, financial reporting, and budgeting
• Order and billing management: Automates order-to-cash processes, from order entry to invoicing
• Supply chain and inventory optimization: Improves inventory tracking and demand planning
• Procurement: Simplifies purchasing, vendor management, and contract compliance

NetSuite ERP ensures that businesses can efficiently manage their operations, reduce manual work, and gain a holistic view of their business performance.

NetSuite CRM offers a 360-degree view of customers, integrating sales, marketing, and customer service to enhance relationships and drive growth. This unified approach helps companies manage and enhance their customer relationships, driving growth and improving customer retention. By centralizing customer data and interactions, NetSuite CRM enables businesses to deliver personalized experiences and more effective sales strategies.

Key capabilities:

• Lead and opportunity management: Tracks prospects and sales opportunities throughout the sales pipeline
• Marketing automation: Streamlines email campaigns, lead nurturing, and customer segmentation
• Customer service and support: Enhances support management, case tracking, and customer satisfaction
• Partner relationship management: Manages partner collaborations and performance

NetSuite CRM helps businesses foster stronger relationships with customers, optimize engagement, and accelerate sales growth by providing the tools to manage and track all customer interactions in one place.

NetSuite offers a variety of additional modules and add-ons that further extend the platform’s capabilities, allowing businesses to tailor the solution to their unique needs. Below are some of the most popular NetSuite modules and add-ons:

• Field Service Management: Optimizes field service operations, scheduling, and dispatching for field service teams
• SuiteCommerce: Enables businesses to manage eCommerce operations, providing a seamless shopping experience
• SuiteProjects: Manages project lifecycle, from planning to execution, with real-time visibility
• SuitePeople: A human resources solution that simplifies payroll, talent management, and employee lifecycle
• WMS (Warehouse Management System): Improves inventory tracking and warehouse operations
• Manufacturing: Streamlines production processes, supply chain management, and product lifecycle
• Payroll: Simplifies payroll processing, tax calculations, and employee compensation

These modules and add-ons provide businesses with the flexibility to expand their NetSuite environment and address specific needs, improving efficiency and supporting growth.

NetSuite offers industry-specific packages called SuiteSuccess, designed to meet the unique needs of various sectors. These tailored solutions include specialized features and functionalities that help businesses in various industries overcome their specific challenges. SuiteSuccess packages incorporate pre-defined roles, dedicated process flows, KPIs, turnkey setups, and hundreds of prebuilt reports and dashboards. This approach not only reduces the time and money spent on configurations and custom development but also accelerates time-to-value, allowing businesses to implement the solution faster and achieve quicker returns on investment. Below are some of the most popular SuiteSuccess Editions:

• Financials First: A complete financial solution that accelerates reporting and ensures compliance while boosting performance.
• Manufacturing: Grow revenue, build better products, control costs, and reduce time to market for new products with Manufacturing.
• Wholesale Distribution: Gain real-time control over inventory movements and optimize warehouse operations.
• Retail: Deliver a superior retail experience with real-time insights into customers, inventory, sales, and financials.
• Services: Transform services businesses with cloud-based project management, resource management, and billing automation.
• Software: Automate billing, manage recurring revenue, and comply with evolving standards in the software industry.
• Food & Beverage: Optimize supply chain and order management with an integrated customer service solution.
• Nonprofit: Improve operational performance and exceed expectations in the competitive nonprofit space.

NetSuite’s SuiteSuccess editions help businesses in diverse industries leverage prebuilt processes and functionality, providing a strong foundation for transformation, growth, and scalability.

When adopting NetSuite, businesses can choose between working directly with Oracle NetSuite or partnering with a certified NetSuite Alliance Partner. Each option offers unique benefits depending on the organization’s needs and priorities.

Working directly with Oracle NetSuite involves collaborating with their internal teams to configure the platform’s features. While this option provides direct access to NetSuite’s resources and often lower upfront costs, it primarily focuses on standard configurations rather than tailored solutions. Additionally, offshore support may lead to communication delays, which can impact responsiveness and overall efficiency. This approach is best suited for companies with straightforward requirements and limited customization needs.

Alternatively, engaging a NetSuite Alliance Partner offers a more customized and strategic implementation process. These certified partners specialize in tailoring NetSuite to specific business requirements, ensuring the platform is optimized for industry-specific needs. Alliance Partners take a consultative approach, offering expert guidance throughout the implementation and providing ongoing support post-deployment. Although this option may involve higher initial costs, the long-term benefits of a tailored solution and dedicated support often lead to greater efficiency and a higher return on investment.

Implementing NetSuite is a critical step toward streamlining operations and driving growth. A successful implementation requires careful planning, a clear understanding of business needs, and expert execution. Choosing the right partner to guide your implementation can make all the difference in achieving long-term success.

Rand Group, a certified NetSuite Alliance Partner, is uniquely positioned to help businesses navigate the complexities of NetSuite implementation. Our team—composed entirely of US- and Canada-based professionals—brings decades of experience, a proven 90% client retention rate, and a consultative approach to every project. We focus on tailoring NetSuite to meet your unique business needs, ensuring seamless integration, minimal disruptions, and ongoing support to maximize your return on investment.

Why choose Rand Group for your NetSuite implementation?

• Expert guidance: Our experienced team works closely with you to identify the best NetSuite modules and configurations for your business needs, ensuring you make informed decisions.
• Seamless implementation: We take a proactive approach to streamline the implementation process, minimizing disruptions and ensuring a smooth, efficient deployment.
• Integrated solutions: Rand Group ensures seamless data flow and integration between NetSuite and other critical systems, providing real-time insights to drive informed decisions.
• Tailored customization: No two businesses are alike. We customize NetSuite to align with your unique processes, maximizing the platform’s value for your organization.
• Ongoing support: Post-implementation, we provide comprehensive support to keep your NetSuite environment stable, secure, and optimized for future growth.

Partnering with Rand Group means investing in a scalable, long-term NetSuite solution tailored to grow with your business. Our NetSuite experts guide you through every step, from evaluating operations to seamless deployment and integration, ensuring the platform aligns with your needs to maximize efficiency, streamline operations, and drive growth.

NetSuite is a cloud-based ERP platform that unifies financials, CRM, inventory, and e-commerce in one system. Designed to support businesses of all sizes, NetSuite offers scalability, flexibility, and industry-specific solutions to streamline operations, improve efficiency, and drive growth.

Ready to see what NetSuite can do for your business? Contact us today to schedule a consultation, request a demo, or learn how we can guide you through every step of your NetSuite journey.