You can call Oracle NetSuite the best Enterprise Resource Planning (ERP) software in the market. It delivers a variety of features and tools and serves as the Central Nervous System of your business.
Oracle NetSuite is multi-tenant software. Everyone can collaborate effectively within your company with fixed boundaries and access to data. It takes care of your I.T infrastructure and manages your system so you can focus on your business.
The major advantage of opting for Oracle NetSuite as your accounting partner is that it suits every type of business. Whether you have just landed in the industry or are already in the spotlight, Oracle NetSuite can prove to be a great software in multi-functionality.
Features of Oracle NetSuite
This exclusive software is a multi-functioning application. It prevents you from setting up various applications for different purposes as it can manage them all. Here are its salient features that make it the best accounting software for small businesses.
It is challenging to manage your inventory and warehouses. You can plan and execute supply chain management with a single and connected platform. It enables real-time monitoring of your inventory and notifies you in case of a stock shortage.
It allows you to accumulate all your data, including payments, inventory records, customer records, transactions, etc., and get access to any information at any time. It is cloud-based, so your data is available at the tip of your fingers.
Oracle NetSuite helps you to manage your orders effectively without any errors. It automates a separate life cycle of every order. It handles it from the moment your buyer has placed an order to receive payments. It considers the following factors during the life cycle of an order:
- Requirements of the clients.
- Order Release
- Shipment confirmation and tracking.
- Communication with the clients.
- Order completion and payment release.
Financial Management with A.I.
It lets you make better and smarter decisions with Oracle NetSuite’s in-built financial intelligence. You can save your time by devising productive and effective budget schemes, financial plans, and forecasting solutions.
Let it manage your orders more accurately and get paid on time. Moreover, it simplifies payment methods and improves the accuracy of procurements.
Pricing: Oracle NetSuite starts at $999 per month. It is around $11,988 per year. Moreover, the price of per-user access is $99 that makes up to $1,198 per annum.
One can call Oracle NetSuite an upgraded and fully-featured version of accounting software. It is an ERP with all the exclusive features that your business needs to excel and stand out in the competitive market. It allows integrating thousands of users, which no other previously mentioned software does.
But the major drawback is its pricing scheme. Many small businesses will not choose this premium software due to the huge investment. But after assessing its overall performance, it wins 8 out of 10 points.