10 Reasons You Will Not Regret An ERP Investment

By the team at Elevate2 | 10 Dec 2021
7 min read

Considering NetSuite? The return for your business is worth the ERP investment

If your business is beginning to expand and grow, sooner or later you will need to consider an ERP. Although it might be a daunting decision, ERP investments bring a new level of data analysis, reporting, tracking, visibility, and automation, providing you with capabilities you need to succeed.

Here are just 10 reasons you will not regret a NetSuite ERP investment.

1. Improved accounting and financial reporting

Having full control of your company financials is essential when looking to grow and scale. If you are not prepared or have an outdated/outgrown system in place you will quickly become overwhelmed with complex financial data, unable to do anything with it effectively.

An ERP like NetSuite can take financial data from your whole business and showcase it in a way that is easy to understand via personalised dashboards and reporting views. Not only will this help you make sense of what is in front of you but also enable you to make decisions easier and quicker with it to continue to grow.

2. Better flexibility

NetSuite will allow you to connect data from multiple sources and company entities, bringing them together in one streamlined platform. This offers a single, flexible system for all business departments.

3. Streamline costs

With real-time, complete data on your company, ERP’s will allow decision makers to better plan with data-driven judgements. Being able to formulate more accurate strategies will help for a more profitable future.

4. Enhanced analytics and reporting visibility

Having clear controlled financial data is one thing but being to report on and use it in an easy-to-understand way is another. ERPs like NetSuite provide detailed reports that are not only intuitive, but completely relevant to the details you need to see. Through customisable and personalised dashboards, charts and other visual representations, NetSuite allows you to see the data that matters to you.

5. Remote mobility

As the working world continues to change and evolve having an ERP system in place that allows mobility is crucial. No longer are team members sat behind their desks 9-5, 5 days a week. Cloud-based ERP software allows you to access information from anywhere, on any device. This remote access is invaluable in current times, enabling employees to travel less and continue to work no matter the situation.

6. Increase productivity

An ERP means tedious, manual day-to-day tasks can be automated. Activities such as generating reports, keeping timesheets and monitoring inventory levels can be completed by NetSuite in real time, freeing up the time for employees whilst ensuring accuracy of business data.

7. Higher levels of customer service

NetSuite, like many ERPs, have powerful HR integrations that allows people information to be shared and distributed. Having customer information available across departments is important when looking to build on both new and existing customer relationships.

High levels of quality customer information effectively drive higher levels of customer service.

8. Agile inventory management

The bottom line with inventory management is that you need to make sure you have enough on hand at the right locations to meet demand. NetSuite inventory management software offers many native tools and features to help make this happen even in multiple locations.

9. Scalability

As your business continues to grow it is important to have systems in place that will grow with you. A cloud-based ERP like NetSuite can scale as your business does the same. NetSuite is an agile business solution that is cost-effective, scales rapidly and prepares your company for long term innovation and growth.

10. Additional enhancement options (TaskSuite©)

As London’s leading independent NetSuite partner Elevate2 have over 20+ years of industry experience, quickly realising there was an opportunity to develop specialist applications that would extend the capabilities of NetSuite. TaskSuite© applications enable businesses to benefit from beyond NetSuite’s out of the box functionality.

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If you’re looking to speak to an expert team about how NetSuite ERP can benefit your business contact us today. Let Elevate2 get you ahead of the competition.