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NetSuite for Small Businesses

Updated: Aug 30, 2023

For a small business to thrive and grow rapidly, it needs an easy to use, agile business software solution, rather than relying on entry-level software that cannot scale and manual processes that can hinder performance and profitability. A cost effective, rapidly scalable solution that enables innovation and fast growth is the order of the day.

NetSuite ERP is a modern, cloud-based software solution that meets the evolving business requirements of a fast-growing company. It also benefits from being the number one choice of software to run financials, CRM and ecommerce applications in the cloud.

NetSuite’s cloud-based solution helps to streamline mission critical business processes and reduces IT costs, allowing a small business to scale easily with a future-proof business platform that can evolve as your business needs change.

Makes business finance easy

NetSuite’s financial functionality is well proven and are a step-up from accountancy software such as QuickBooks Enterprise or Sage 50. It will accelerate your financial close, provides strong expense management capabilities, offers streamlined revenue management, and ensures complete real-time visibility of the financial performance of the business, using live data.

Unifies your business insights

As a typical company is made up of several departments and functions, such as sales, marketing, production, HR and logistics, it’s easy to lose sight of the truth of your business. NetSuite removes these limitations by unifying all the information in your business into one data source so that every report - every decision is based on a single version of the truth.

Rapid new product, market and channel development

NetSuite for small business enables you to enter new markets quicker. It allows you to develop new products and services faster and more easily engage with customers in new sales channels.

Future proof your small business

As a cloud-based solution, NetSuite is flexible, agile and scalable. It eliminates on premise IT costs and is updated automatically so your business software is always current, making it more efficient and more secure, all the time.

Accounting simplified

NetSuite’s accounting functionality simplifies all aspects of accounting, including bookkeeping activities such as recording transactions, as well as managing payables and receivables, collecting taxes and closing the books. It enables timely, accurate reporting and greater control of financial assets. And because the system uses a single source of financial data, with real-time access, you can quickly drill down to identify and resolve issues and generate financial information to ensure ongoing financial compliance.

Manage relationships easily

NetSuite’s Customer Relationship Management (CRM) solution helps small companies to manage interactions with their current and potential customers, partners and suppliers in a single place. NetSuite’s CRM functionality has all the capabilities of a traditional CRM solution, including sales force automation, customer service management and marketing automation, plus the ability to manage quotes, commissions, sales forecasts and partner relationships. NetSuite CRM provides a seamless flow of information across the entire customer lifecycle — from lead all the way through opportunity, order, fulfilment, renewal, and support.

Run your e-commerce store from NetSuite

NetSuite commerce provides ecommerce and point-of-sale solutions that can be run seamlessly from one data source and one system, connecting all of your customer touchpoints. Your business operations and e-commerce applications utilise a single source of item, inventory, customer and order data — so you can create seamless, cross-channel, personalised shopping experiences for your customers.

Supports service based businesses

NetSuite’s Professional Services Automation solution, SuiteProjects, provides a comprehensive, end-to-end PSA system that supports an entire services business. From project and resource management to time and expense tracking, project accounting and billing and invoicing, SuiteProjects helps a small business to complete projects quickly and profitably, generate invoices accurately and efficiently and shrink accounts receivable cycles.

How much does NetSuite cost?

Companies of every size, from pre-revenue start-ups to fast-growing businesses, have made the move to NetSuite. A business subscribe to NetSuite for an annual license fee. The license is made up of three main components: core platform, optional modules and number of users. As your small business grows, you can easily activate new modules and add users.

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