Enterprise Resource Planning is indeed a game changer in business. It is a tool that enables various business units — from sales to manufacturing to distribution to finance — to work from a single database thus improving accuracy, efficiency, response time and customer satisfaction, all of which redound to better bottom line. Netsuite ERP, specifically, is tailored to the needs of Philippine companies because it is fully localized for accounting rules and regulatory requirements especially with the Bureau of Internal Revenue.
Netsuite PH brings with it its global reputation, as it is used by more than 20,000 companies in more than 100 countries. It is not an issue of if a company must begin using anERP system; it is a question of when. According to Ron Gill in his article “Why Cloud Computing Matters to Finance,” there are five tell-tale signs that say it is time for a company to use an ERP system. First is having many — too many — different software for different functions. Second, the information you want takes time to obtain. Third, theaccounting process takes longer and is more difficult. Fourth, and as an inevitableresult, sales and customer experience suffer. The reputation that the company is building is one of inefficiency, disorganization, incompetence and ultimately, undesirability.
Finally, when the IT operations become too complex and too time consuming, that’s when you know you need to start using an ERP system. Any ERP system comes in two forms: The on-premise ERP and the cloud-based ERP. The former is bound by the physical and hardware specifications of the compay. It necessitates a substantial capital outlay at the outset and, as newer versions of the ERP software come up, entails upgrading costs in terms of infrastructure.
The other form is a cloud-based ERP. It basically performs the same functions as an on-premise ERP but is exponentially more agile and flexible. This is beause with a cloud-based ERP, such as the one provided by Netsuite, companies subscribe to the service instead of purchasing an entire product. It is the Netsuite provider that takes care of system updates and similar concerns such that the business is assured that it is using the best version that can be tweaked and fitted as the company changes and grows. One only has to have a reliable Internet access to maximize the benefits of a cloud-based ERP system.
As a result, any business executive will be able to get the information he or she needs anytime and from anywhere. The security of the business data is also part of the NetSuite implementation consulting services.
An ERP software can do wonders for any business by eliminating delays and inefficiency, resulting in better, leaner, more responsive performance. A cloud-based ERP magnifies that experience by doing away with physical limitations that may interfere with everyday operations and strategic growth.
Finding thus the ideal NetSuite consulting service provider is the next challenge to decision-makers who want to take ther business to the next level.
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