NetSuite Review – Oracle Purchased NetSuite

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oracle purchased netsuite

Netsuite is one of the world’s premier cloud accounting companies, offering ERP, CRM, ecommerce and inventory management software.

Established in 1998, this startup is heavily funded by Oracle co-founder Larry Ellison.

Today, it serves more than 21,000 customers across 200 countries and territories. It holds a dominant position within the Small & Medium-sized Business (SMB) market.

1. Streamlined Business Processes

NetSuite is a business software suite designed to run all your essential back office operations, such as financials, sales, ecommerce, human resources, inventory, orders and billing. With this solution you can simplify processes while saving time and resources while increasing growth potential.

Cloud ERP software is tailored to the needs of small and mid-size businesses across a range of industries. It boasts powerful functionality, scalable pricing and an array of features designed specifically with your requirements in mind, helping you manage your business more efficiently.

Oracle has been in the ERP industry since 1998 and recently acquired NetSuite in July 2016. This deal proved beneficial for both companies as it allowed them to combine their strengths in order to serve small to medium sized businesses more effectively.

NetSuite recently released product updates designed to simplify financial, supply chain and operational management while improving employee experience and customer service. One such enhancement is SuitePeople – a cloud-based tool for managing employee information such as new hires, payroll adjustments, promotions and compensation changes.

2. Increased Revenue

NetSuite is a cloud-based business software suite offering ERP, CRM, PSA and ecommerce solutions. Its ERP application helps companies automate financial processes, gain inventory visibility, optimize supply chains and boost warehouse productivity.

Additionally, it helps boost customer satisfaction and loyalty by offering access to up-to-date information anytime, anywhere. Over 31,000 businesses in more than 200 countries around the world rely on it for this purpose.

Evan Goldberg founded this web-hosted accounting software suite in 1998. Subsequently acquired by Oracle, it has become one of the leading ERP suites worldwide.

At its annual user conference in Las Vegas this week, NetSuite unveiled a host of new products. One such innovation is automated account payable technology which enables companies to pay their bills automatically and sometimes earn discounts from suppliers. Furthermore, Ship Central – an optimized fulfillment solution for physical distribution warehouses – was unveiled.

Its new Banking as a Service product is designed to make it simpler for customers to utilize services from banks and fintechs that can streamline their operations. Furthermore, it will enable them to take advantage of more cloud-based applications and services.

3. Better Customer Service

NetSuite, the cloud ERP (Enterprise Resource Planning) provider, was a familiar name when it came to business management. Their suite of cloud based solutions are ideal for small to midsize businesses and they even offer mobile business apps so you can stay connected no matter where your work takes you. NetSuite (formerly Xero) is their flagship offering and the largest of its kind with more than 21,000 customers worldwide; their headquarters in Austin, Texas with offices around the globe being just one among many accolades this award-winning vendor in this space!

4. Increased Flexibility

NetSuite is a cloud-based SaaS suite that integrates business accounting, enterprise resource planning (ERP), customer relationship management (CRM), and ecommerce functions. It offers real-time dashboard technology so businesses can efficiently manage all key operations from one central system.

Established in 1998 as NetLedger by Evan Goldberg, it has since blossomed into a globally-recognized leader in cloud ERP software. Backed by Oracle founder Larry Ellison with $125 million, the company now serves over 24,000 customers around the world.

Today, Oracle NetSuite provides a comprehensive suite of cloud-based ERP and omnichannel commerce capabilities for small to midsized businesses – such as retail/ecommerce, distribution, software solution providers, manufacturing and more – plus robust professional services automation (PSA) functionality.

NetSuite’s intuitive cloud ERP solution is suitable for organizations of any size – from small shops to large enterprises. It is an ideal fit for digital marketing agencies, consulting firms, educational services, financial services and healthcare sectors as well as manufacturers and nonprofits.

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