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The Fundamental Four

ERP Essentials Critical For Success

The natural progression of business growth can frequently include inheriting systems, processes and people through expansion and/or acquisition. With prosperity comes the challenge of standardizing processes, building efficiencies and minimizing errors. Sophisticated platforms, such as NetSuite Enterprise Resource Planning (ERP) are designed to focus on the four fundamental essentials for continued growth: Centralized Data, Automation, Controls and Compliance, and Business Intelligence. 


Centralized Data

Historically, organizations have chosen individual software solutions to address each unique business requirement. The unfortunate result is compartmentalized datasets that must be compiled for analysis but are difficult to correlate.  This data is known as siloed data due its storage in disparate systems. 


To overcome these disadvantages, NetSuite ERP leverages centralized datasets to store info about leads, customers, orders, inventory, capacity, budgets and more. The data can be accessed, shared, and restricted based on user needs and permissions. Because the data for the broader organization are consolidated, many improvements are realized across the organization including accuracy, productivity, collaboration, decision-making, and communication. 


Automation

Each business process follows a workflow of tasks and most businesses run hundreds, if not thousands, of processes daily. NetSuite ERP automates routine processes, creates standardization in data and documents underlying details, saving valuable time for users.  These efficiencies free up time for staff to focus on higher-value activities. 


Controls and Compliance

Business policies are designed to ensure that proper procedures are followed to capture required information securely. NetSuite ERP has built-in and highly customizable review and approval workflows for accounting, sales, procurement, staffing, and other processes that provide for appropriate management oversight.  These benefits reduce the risk of fraud and errors, and increase confidence in financial reporting.


Business Intelligence

NetSuite ERP includes powerful analytic tools that allow users to design and share detailed reports, searches, lists, and alerts.  Reclaiming time saved by using tailored dashboards, managers can focus on revenue-building activities, monitor results of projects, and identify other opportunities for advancement. With increased real-time visibility of company performance, decision-making is greatly enhanced. 


Consider how your business could leverage these tools and let us help bring that value to your bottom line! For more information, contact Rapid Cloud Partners, a NetSuite Solution Provider, at info@rapidcloudpartners.com, or visit www.rapidcloudpartners.com.

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