Quality Assurance and Project Management

Oct 24 2014   3:22PM GMT

NetSuite: An Overview

Jaideep Khanduja Jaideep Khanduja Profile: Jaideep Khanduja

Tags:
Accounting Billing
Cloud ERP
CRM
NetSuite


NetSuite had a substantial growth during 2013 with an overall increase in company revenue to the extent of 35%, i.e. USD 418 million. The main focus of NetSuite stays on financial accounting and ERP functionalities. NetSuite takes care of sales force automation to its core level comprising of opportunity management, lead management, billing management, order management and sales based incentive management. Netsuite is yet to show its strength in total solution for large sized organizations and as per Gartner, NetSuite has a stronghold but only for the segment where only sales force automation solutions are required.

The simple and foolproof manner in which NetSuite app takes care of ‘lead to order’ functionality, is well appreciated by the organizations using it. The way NetSuite is growing in a consistent manner shows less vulnerability and highly possible commitment for long term sustenance and presence. Another strong point is its accounting functionality embedded in the solution. On the other hand, being not totally focused on sales based solutions, it lacks in various important analytics to measure sales performance in the sales team. A clear cut vision is important to come out with the proper focused solution to increase its customer base.

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