Oracle NetSuite stands out as a premier ERP solution. It not only tracks financial data pushed into the system with accurate precision, but also is the most user-friendly software with an amazing dashboard. It keeps a check on financial reporting, automating accounting functions – earning the title for the best pick ERP!

Here is why Oracle NetSuite in 2024 will be very much relevant!

1. Modular Pricing Model

NetSuite houses heaps of industry wise SuiteBilling pricing models which are responsible to run the business show.

However, it charges customers on the modules they are choosing; unlike making models forceful for billing purposes. This instills trust in the ERP for the customer.

For example, IT customers will not pay for Manufacturing modules of NetSuite.

2.Scalability

NetSuite is a great choice for mid-scale customers growing large; who want to start their journey of ERP without a bumpy road of complex ERPs. Today NetSuite is a powerhouse ERP for more than 35000 businesses across the globe.

3.Third Party Integrations

Effortless third-party integrations are a plus for NetSuite which connects several systems via SuiteTalk and SuiteScripts.

4.Bank Payments

NetSuite supports automatic invoicing and number of payments via the ERP.

5.Global Reach

NetSuite has its own planning, budgeting, billing functions with multi-currency support.

They have their in-built tax engines for a number of countries and have custom engines for preparing a tax suite for countries not covered.

This makes NetSuite a global ERP indeed.

6.Powerful Inbuilt Tools

NetSuite brings its own army of tools for multiple usages. SuiteBilling for subscription billing. NetSuite CPQ for sales pricing and quoting and a pool of tools that make it a unique experience for users across different industries.

7. Real Time Cloud Management

NetSuite updates itself real-time. This proves a super benefit for managers who have access to real time stories and updates happening in the system without a waiting time for approval chains and workflows in work in the system.

Oracle NetSuite thus, demonstrates a power-packed show for growing businesses for a one stop shop for all the business needs covered and tackled as per statues and compliances with an easy-to-use dashboard for its users!

What’s to Come with NetSuite 2024.2

Looking ahead to 2024, NetSuite 2024 Release 2 promises to deliver enhanced features and improvements that will further streamline business processes and improve user experience.

This includes: 

• More visibility into cash flow processes
• More functionality in subscription management
• Enhanced visibility into talent costs
• More close task management capabilities
• Improvements to invoice processing & payments