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Top 5 NetSuite Products Business Leaders Should Know in 2023

Suite Solutions Group
Suite Solutions Group
NetSuite Products

Introduction:

Solutions like SAP, QuickBooks, and Odoo dominate the ERP software market. But NetSuite has emerged as a top cloud-based alternative for unified business management. In this detailed review, we dive into the essential products that make up NetSuite’s solution and how they stack up against offerings from competitors. The information provided will benefit business leaders, CEOs, CFOs, CTOs and finance teams researching options for NetSuite consultation and implementation.

Top 5 NetSuite Products

NetSuite ERP:

For business owners looking to modernize their systems, NetSuite ERP provides a flexible, unified platform to manage critical business processes. Compared to legacy systems like SAP and Oracle, NetSuite offers:
  • Real-time analytics and reporting to enable data-driven decisions
  • Agility to quickly adapt to changing business needs
  • Lower total cost of ownership by eliminating expensive on-site servers and IT overhead

NetSuite CRM+:

NetSuite CRM+ goes beyond basic CRM by seamlessly integrating with ERP and other back-office systems. Key benefits compared to standalone CRM tools include:
  • 360-degree customer view by connecting sales, customer service and marketing data
  • Automated workflows to increase efficiency across the customer lifecycle
  • Predictive analytics utilizing AI to identify new opportunities and optimize campaigns

NetSuite SuiteCommerce:

NetSuite SuiteCommerce provides an enterprise-grade e-commerce platform unified with in-store POS and back-end systems. Compared to solutions like Magento and SAP Commerce Cloud, NetSuite offers:
  • Unified data and processes across all commerce channels
  • Faster time to market with intuitive, drag-and-drop site-building
  • Built-in order management, inventory and fulfilment functionalities

NetSuite Professional Services Automation (PSA):

NetSuite PSA delivers end-to-end project management tightly integrated with financials for professional services firms. Key advantages over standalone tools:
  • Unified data for projects, resources, timesheets, expenses and billing
  • Automated revenue recognition as milestones are met
  • Real-time profitability reporting by project

NetSuite OneWorld:

NetSuite OneWorld enables real-time management of global multi-subsidiary businesses. Compared to solutions like SAP Business One and Workday, key features include:
  • Localized to over 100 countries
  • Automated foreign currency conversion and consolidations
  • Real-time roll-up reporting across all subsidiaries
NetSuite Products

Conclusion

NetSuite provides a flexible, unified platform to deliver significant advantages over piecing together disparate systems. From ERP to e-commerce, its products competitively stack against offerings from giants like SAP, QuickBooks, and Salesforce. This analysis highlights the benefits of a NetSuite consultation for organizations considering a modern cloud ERP to see how it can meet your business needs. If you want to implement NetSuite, partnering with an experienced NetSuite consultation partner is highly recommended to ensure success. Our NetSuite consultants have helped dozens of organizations successfully transition to the platform. We go beyond just software installation to maximize business value. Contact our team today to schedule a demo and discuss how our NetSuite consultation services can help drive efficiency, insights and growth for your company.
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