NetSuite provides online, hosted customer relationship management (CRM) and enterprise resource planning (ERP) software designed to help small and mid-sized companies manage their businesses and automate their processes. NetSuite’s software handles such functions as sales, customer communications, order management, inventory management, finance, e-commerce, time and billing, and Web site management. Oracle CEO Larry Ellison controls a 55% stake in the company, which was founded in 1998.

Today, NetSuite is the number one on-demand Accounting/ERP software application. The company also notes that its popular line of solution suites is the first and only on-demand accounting/ERP solution that supports all back-office operations. While some accounting software provides one or a few pieces of ERP software, NetSuite offers a comprehensive business suite with everything its customers need in one powerful solution. With NetSuite, organizations can manage financials, order fulfillment, purchasing, inventory, time and billing, payroll, employee self-service, Web presence, and more. The Accounting / ERP software system components are tightly integrated, giving businesses access to real-time intelligence to make better decisions, along with the capability to automate business process across the company.

What this means is that, with the NetSuite solution, the entire business can run in real time. Employees can move faster and smarter. Customers are served better. Orders can be filled and tracked more quickly and easily, with inventory levels updated in real time. And with full visibility into inventory by sales reps for order promising and by planners for purchasing, companies can lower inventory levels, analyze inventory costs and collaborate with vendors more effectively.

Most important, NetSuite Accounting / ERP is seamlessly integrated with CRM and ecommerce for end-to-end business process management across the business. And because NetSuite is an open system, customers can also seamlessly integrate with third party, industry-specific and legacy software.

NetSuite Key Strengths

NetSuite’s ERP financial management package delivers several “First and Only Features” that make it a compelling choice for forward-looking businesses interested in bringing innovative, cost-effective solutions to their enterprise. Some of these “First and Only Features” include:

• First and only business application with built-in customizable dashboard views based on user roles.
• First and only Web-based business application with “Xtreme List Editing.”
• First and only mid-market product with commission management and payment.
• First and only on-line product with advanced features for product distributors including serialized inventory; pick, pack and ship; matrix items; units of measure; bar coding; and quantity pricing.
• First and only application with complete UPS® integration. NetSuite, Inc. is the first software company to receive the entire UPS shipping API, allowing the product to handle shipping like no other business application.
• First and only mid-market solution with recurring billing. NetSuite keeps track of when the next bill is due and automatically creates it based on complex billing terms.