What is NetSuite ERP | DKM

What is NetSuite?

NetSuite is the #1
Cloud ERP Solution.

With a client base of 40,000 companies across a broad spectrum of industries, NetSuite has more than twice as many customers as its closest competitor. Operating entirely in the cloud, NetSuite dramatically reduces ongoing expense for IT infrastructure and management.

The value of NetSuite is that all business processes are automated and integrated with a single signon to view the unified customer master, vendor master, chart of accounts, and item record. NetSuite ERP is a unique system designed and priced for the mid-sized company.

What is NetSuite ERP?

Financial Management and Planning

Financial Management and Planning
- Multi-currency and language
- Reduced period closing by centralizing management
- Multi-subsidiary with rollup to parent company
- Recurring Transactions
- Custom Customer Facing Transaction Forms
- Built in financial and budget reporting
- Drill down from reports to source transactions
- KPI (key performance indicators)
- Support for project accounting in addition to work orders

Supply Chain and Inventory Management

Supply Chain and Inventory Management
- Traceability from finished good to assembly to raw material
- Serialization thru the whole manufacturing process
- World class supply chain tracking
- Dynamically manage inventory levels and reorder points
- Improve delivery with alerts when stocks fall below thresholds
- Manage unit of measures for buying, selling and stocking
- Validate PO costing by matching deliveries to vendor requirements
- Organize single or multiple warehouses with multiple location features

Procurement

Procurement
- Vendor performance tracking
- Approval workflows from requisition to purchase order with $ limits
- Three way match (receiving, PO and AP)
- Automated receiving
- Assign ticklers, files, email communication to vendor records
- Allow automatic creation of POs from reorder point actions
- Allow for blanket POs
- Item consolidations from multiple requisitions onto a single purchase order.

Order and Billing Management

Order and Billing Management
- Easily convert quotes to orders
- Progress payments by milestone
- Recurring/subscription/project billing
- Automatically launch work orders
- Customer, item, matrix discounting
- Promotional pricing (by data range)

Warehouse and Fulfillment

Warehouse and Fulfillment
- Bar code tracking of movement and receiving
- Cycle counting
- Smart picking by bin locations and zones
- Support for wireless, RF and handheld devices
- Integrated Advanced Shipment Notices (ASN)
- User Defined put-away and pick strategies
- Warehouse activity dashboards
- Multiple UPC codes

Revenue Recognition Management

Revenue Recognition Management
- Recognize your software and services revenue when required
- Intelligent Estimated Selling Price Management
- Automatically allocates arrangement consideration across multiple units of accounting for every order using user defined formulas to recognize revenue.
- Automatically record revenues as recognized based on the schedule associated with each element.
- Support for Percentage-of-Completion Accounting

Human Capital Management

Human Capital Management
- Applicant tracking with notes and todos
- Payroll management with next day delivery
- Employee management with key stats on pay history
- Performance review management
- Role based security for access
- Easily organize federal and state forms

Recurring Revenue Management

Recurring Revenue Management
- Bill on contracts, projects and subscription agreements
- Supports billing based on flat rate, cumulative tiered rate, cumulative price, volume rate and volume pricing.
- Allows for subscription change management to handle upgrades, downgrades, add-ons and upsells
- Supports subscription billing by annual contract value, total contract value, monthly recurring revenue
- Allows for billing in advance or arrears, billing for actions that happened in the previous month and proration for partial periods.
- Supports flexible pricing to allow discounts, price uplifts and customer-negotiated pricing

How Will NetSuite Help Your Company Grow?

The NetSuite Story

Making Data Manageable

Taking on the World

The Agility to Grow

Visibility with NetSuite

Better Information Management

Frequently Asked Questions

What is NetSuite used for?

NetSuite is used for businesses to track all their ‘back-office functions’ such as accounting, order entry, inventory control, production, procurement and HR. NetSuite is also used for customer relationship management (CRM) and eCommerce.

What is NetSuite ERP system?

The NetSuite ERP system provides companies one ‘version of the truth’ by tracking customers, vendors, items, purchase orders, work orders, employees and prospects in one integrated system, Say goodbye to spreadsheets forever.

What is NetSuite Oracle?

First launched in 1998 in San Mateo, CA, NetSuite is the cloud-based enterprise resource planning product integrated with CRM and eCommerce and owned by Oracle, the computer technology corporation who acquired NetSuite in 2016.

What is NetSuite CRM?

NetSuite CRM is the only cloud-based customer relationship and lead management solution capable of providing companies a comprehensive view of their customers with real-time data across the entire customer lifecycle.

Send us your contact details and a NetSuite ERP consultant will get back to you within 48 hours. If you want to talk to someone now, please call Jeff Dixon at 213.668.1010.