Did you know that the most successful businesses are those who understand their current stat and future needs?  The businesses that stay ahead of the curve by implementing a strategic growth plan, use software to streamline their business processes, and measure performance metrics.  Managing day-to-day operations is challenging for any business: however, as your company grows so does the complexity of your processes.  To manage this level of complexity, you need software that is specifically made for growing businesses.  Companies like NetSuite have created an affordable solution to these complex challenges.  So, why use NetSuite for business growth?

 

What Is NetSuite?

NetSuite is an all-inclusive software that gives businesses end-to-end visibility.  It is primarily a business management platform that helps businesses grow by managing all aspects of their operations.  NetSuite offers a wide range of software solutions for Sales & Marketing, Product Development, Supply Chain Management, Operations, Human Resources and much more.  With all these integrated solutions, businesses can scale their operations seamlessly.  NetSuite’s cloud-based software allows you to connect your business with your customers, suppliers, employees, and other stakeholders.  This business-to-business (B2B) integration enables you to eliminate manual data entry and streamline your business processes.

 

Track and Measure Every Step of Your Business Processes

Any business process that must go through the hands of multiple people is bound to have some degree of inaccuracy.  NetSuite allows you to track each step in your business process.  This will help you identify areas where you have room for improvement and make corrections as needed.  It’s important to measure your KPIs on a quarterly basis and compare them with previous quarters so that you can track progress.  This will help you make necessary changes to improve your overall performance.  An example of a business process that can use this functionality would be the recruitment process.  This process often has multiple stakeholders who are involved in the hiring process.  If you are using NetSuite, you can track and record every step of the process.  This will help you identify where there is room for improvement and make the necessary changes.

 

Streamline Your Most Important Processes

NetSuite’s workflow functionality allows you to streamline your most important business processes.  This will allow you to perform multiple tasks in parallel and create a single source of truth for your business data.  If you are currently managing your business operations in excel spreadsheets, you understand how difficult it is to keep up with changes and ensure consistent data accuracy.  An example of a business process that can use this functionality would be the sales process.  This process often has multiple stakeholders who are involved in the sales process.  If you are using NetSuite, you can streamline your sales process.  This will allow you to perform multiple tasks in parallel and create a single source of truth for your business data.

 

Assigning Key Performance Indicators To Track Growth and Benchmarking

All businesses exist to achieve one goal – growth.  NetSuite’s KPI functionality allows you to assign key performance indicators to track growth and benchmarking.  This will allow you to track your progress against your goals and make necessary corrections.  An example of a business process that can use this functionality would be the sales process.  This process often has multiple stakeholders who are involved in the sales process.  If you are using NetSuite, you can assign key performance indicators to track growth and benchmarking.  This will allow you to track your progress against your goals and make necessary corrections.

 

A Powerful CRM That Helps You Retain Customers

NetSuite’s CRM functionality allows you to manage your relationships with customers.  This functionality allows you to create sales and marketing campaigns that are personalised for your customers.  You can use this functionality to understand your customers’ needs and track the success of your marketing efforts.  An example of a business process that can use this functionality would be the lead generation process.  This process often has multiple stakeholders who are involved in the lead generation process.  If you are using NetSuite, you can use the CRM functionality to manage your relationships with customers.  This will allow you to create sales and marketing campaigns that are personalised for your customers.  You can use this functionality to understand your customers’ needs and track the success of your marketing efforts.

 

NetSuite’s end-to-end business solution allows you to manage every aspect of your business.  This software can be used to track and measure your business process, streamline important business processes, assign key performance indicators, and manage customer relationships.  This business solution is ideal for growing businesses because it will help you eliminate manual data entry and create a single source of truth for your data.

 

Cofficient provide you with all the tools and training to get NetSuite up and running in your business.  Get in touch to start your business growth today.