Gaming companies are quickly adapting to the cloud ERP system provided by NetSuite. The system offers a wide range of features that are valuable to gaming companies of all sizes. Benefits of using NetSuite’s cloud ERP system include improved customer service, increased efficiency, and optimised financial performance. Explore how your gaming company can benefit from making the switch to NetSuite’s cloud ERP system today.
The global gaming industry is expected to reach a total value of $152.1 billion by 2022, according to recent research from Markets and Markets. As a result, it represents a Compound Annual Growth Rate (CAGR) of 8.8% over the next five years, as gaming continues to grow in popularity among consumers around the world. In this blog post, we’ll take a closer look at the factors driving growth in the gaming industry and explore some of the key trends that are likely to shape the market in 2022.
As a result of this growth, competitiveness between gaming companies is becoming stronger. Therefore companies need to get ahead to thrive and stay alive, and that is why many businesses turn to the latest technology. By utilising the power of cloud ERP solutions like NetSuite, companies can eventually stay ahead and continue to meet consumer demand.
NetSuite is a true cloud-based ERP aimed at fast-growing businesses, evidently a perfect match for gaming companies. Its integrated system provides significant benefits, we look at just three of these below.
Reporting & Royalty Reporting Capabilities
Gaming companies often have multiple income streams from different revenue channels. NetSuite provides a powerful reporting platform. It can help gaming companies to report in real-time effectively and quickly on sales, royalties, costs, and profit margins.
Global Cloud Based Financial Management
Video (and other formats) games are sold and used globally. Therefore it is imperative that your business management system can cater for all the tax and financial accounting requirements of an international business. With NetSuite, you will be able to account for all your international operations in a single, global financial system.
Ease of Integration and Reconciliation
NetSuite is designed to be easy to integrate with other systems, with out-of-the-box integrations. Furthermore, you can easily connect it to banks, FX exchange rates, and other popular finance platforms. With Open APIs, NetSuite is also ready to integrate with other systems within your gaming business. See how you can facilitate the efficient flow of data and reconciliation of transactions between your core business systems. It will save you time and money that can be better invested in developing your next blockbuster video game.
Elevate2 – Specialists in Working with Gaming Companies helping implement NetSuite.
We are gaming industry specialists. We have helped leading gaming companies to get ahead of the competition and fully implement a winning NetSuite solution. At Elevate2 we take the time to get to know your unique business, allowing you to secure maximum benefits of the world’s #1 cloud ERP software.