Skip links
NetSuite Young companies

Why NetSuite Can Benefit Young Companies

If you run a young business or startup company, you will want to be prepared for the future as best you can.  Companies across the world are increasingly implementing software such as NetSuite into their everyday operation thanks to the vast array of ways it can help companies run their business efficiently and understand the performance of their business.

 

Today, we have given a few reasons why NetSuite could be beneficial for your business:

 

Lower Costs

NetSuite can lower IT costs significantly.  Firstly, because it operates via the cloud, it eliminates the costs faced by businesses when upgrading systems, which can also prevent issues with productivity and unwanted downtime.  NetSuite has also adjusted their pricing approach, which allows users to select and license only the modules that they need to use.  This gives the user control over what they spend and therefore is likely to reduce the cost.

 

Flexibility

One of the great things about NetSuite is that it’s agile, meaning it’s perfect for scale-ups and businesses who want to change their structure.  You can effortlessly change your custom package as and when you want without complicating or overloading the system.  If you are hoping to scale up, NetSuite could well be a lifesaver for this reason alone.

 

Real-time Transparency

NetSuite’s real-time transparency means essential data can be viewed at any time, giving the user instant and correct overviews of their business processes.  It collates data across all departments and employees, and effortlessly maps it out to you in a way that is easy to understand.  This means business owners can make quick but correct decisions.

 

Easy to Access 24/7

NetSuite can be accessed anywhere through a web browser, or on the NetSuite app.  This means that it can be used by employees whether they are working from the office, at home, or at another location.  It’s also worth mentioning that it supports multiple languages and currencies, which is useful for dealing with offices/projects in different countries or for companies who are wanting to expand.

 

Security

NetSuite is extremely secure.  For example, it currently comes with the same level of encryption that banks use for online banking (256-bit).  For businesses, this means that everything from logging in to accessing critical data is protected and will be as trustworthy and secure as your bank.

 

 

There are many reasons why NetSuite can be beneficial for young, startup businesses and for companies who are looking to expand.

 

If you would like a free demo of NetSuite by Cofficient, click here to experience the full benefits first hand.