Robust Financial Tools
NetSuite has it all when it comes to accounting and financial management. Inside its platform, you’ll find core accounting functions, billing, global accounting reconciliation & consolidation, financial planning & reporting, revenue recognition management, and GRC (governance, risk, and compliance) features.
Many financial-related business solutions focus more on the accounting and finance side of things. Some might also sprinkle in a bit of marketing.
On the other hand, NetSuite offers a suite of marketing tools that you can integrate right into your NetSuite CRM. It provides a full selection of tools dedicated solely to email marketing, such as cart abandonment emails and personalization tools.
Additionally, NetSuite offers partner relationship management and customer service management functionality, among other things. It really aims to let you do everything on one platform.
Supply Chain Management
NetSuite has also developed modules that let you manage your entire supply chain. You can evaluate your supply and weigh it against the demand to plan for the future. From there, you can put in purchase orders and work orders as needed to make your plan come true. Plus, you can integrate the supply chain tools with customer service management to track customer warranties, issue support tickets, and more.
Reporting and Analytics
No business solution would be complete without reporting and analytics, and NetSuite comes in heavy with these features. It offers an entire platform called SuiteAnalytics dedicated to this.
SuiteAnalytics offers the ability to perform highly complex data analysis tasks yet simplifies the UI enough so that doing so is easy — even for inexperienced users. You can save searches and reports, create pivot tables and charts with drag-and-drop, create advanced filters, and more.
NetSuite is also working on advanced AI and machine learning to implement into the platform for even more powerful insights.