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What Are the Powerful Features of NetSuite?

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NetSuite-ERP

Thanks to NetSuite availability and accessibility, it has become the cloud ERP of choice for many businesses the world over. However, truth be told — the software wouldn’t be nearly as popular as it is without its amazing features.

If you’re unfamiliar with what it is that makes NetSuite such an intelligent and elegant solution and are debating purchasing it — keep reading. In this article, we’ll delve into what is it that makes NetSuite so special, by talking more about its powerful features.

Role-Based Real-Time Dashboards

What makes NetSuite a true standout from other ERP solutions are the role-based real-time dashboards the platform features. Within the dashboard, you’ll be able to access and control several predefined portlets, such as Report Snapshots, Trend Graphs, Standard Content, etc.

Perhaps most importantly, dashboards allow employees from all departments to accurately collect and manage data, and do so in a more optimal way. There are 15 ready-made roles within the dashboard, facilitating a safer and more accurate way of viewing and using company data.

The dashboards are also incredibly customizable, and allow you to analyze the information and gain a better insight into multiple key factors of the business.

Financial Management, Budgeting & Planning

NetSuite offers comprehensive cloud-based real-time financial management. This feature, that you can learn by passing through NetSuite ERP training, allows you to gain full access and insight into your financial performance with various built-in reports. Thus, you’ll be able to manage your finances, create 12-month spending forecasts, and budget in a much more efficient manner.

This feature also takes all of the guesswork out of the equation and gives you a detailed analysis of the variance between projected and actual results. Additionally, NetSuite enables you to create practice scenarios, should you want to — to be able to better manage finances and create your budget.

The best part is that even though these financial features are quite accurate and intelligent — you don’t have to be a tech-savvy person to use them. They’re perfectly intuitive and allow for easy use, customization, and management of your finances.

Reporting & Analytics

To help you make better business decisions at the moment, as well as in the long run, NetSuite offers extensive reporting and analytics features. For example, the users will be able to utilize the ODBC tools and mine through data within the database, and use various business intelligence packages that come with the software.

Additionally, NetSuite allows you to analyze results and measures by location, department, donor/funder, etc. You’ll also be able to obtain real-time visibility for key stakeholders, starting from the underlying transactions up to high-level summaries.

As a result, you’ll always stay on top of each operation within your company as well as the results it’s yielding. Thus, NetSuite will give you easy access to relevant data and allow you to focus your time on other aspects of the business.

Final Thoughts

As you can hopefully tell by now, NetSuite offers incredible features, made to help you better manage and keep track of your operations. However, keep in mind that, in order to gain complete mastery of these powerful features, training is essential. This way, you’ll be able to ensure your ERP tool is properly implemented and used on a daily basis.

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