NetSuite is a leading cloud business software suite, including ERP/financials, CRM, and eCommerce software. NetSuite has transformed many business processes from startups to enterprises and became a hot career choice for many professionals. With all the benefits it offers, it's no wonder that the demand for NetSuite professionals will continue to grow even more in the future! Thus if anyone is interested in building a career in this field, the future looks very promising in terms of the pay scale and career growth.
To that end, we present you with this NetSuite tutorial to help you get familiarised with all the basic and advanced concepts of NetSuite.
In this NetSuite tutorial, we will start from NetSuite basics and learn all the major NetSuite concepts that a NetSuite professional must be aware of. Now, let’s have a look at the components of this tutorial.
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Let’s get started.
NetSuite is a unified business management suite encompassing ERP/financials, eCommerce, CRM, Inventory, HR, professional services automation, and more via a single, fully integrated system. It helps enterprises to achieve business growth and progress by optimizing business processes efficiently. It automates business processes with high-end benefits in a cloud platform.
Customers use NetSuite modules across various industries to run effectively and efficiently in the modern business environment. More than 24,000 companies worldwide are running their businesses on NetSuite. With cloud-based engineering, it can be accessed from any device and anywhere.
NetSuite was founded in 1998 by Evan Goldberg under the original name NetLedger, which offered web-hosted accounting management software. The company was seeded with start-up money from Oracle CEO Larry Ellison and a host of key staff. The company’s CTO and chairman transitioned from Oracle to NetSuite. NetSuite is seen as the first cloud computing software, even pre-dating Salesforce.com by about one month.
Nelson was appointed as CEO to the NetSuite in 2002 and led the company from about $1 million in revenue to a billion-dollar run-rate before its acquisition by Oracle Corp.
From startups to enterprises, NetSuite is the number one cloud ERP business software solution. The below section provides the reasons why NetSuite is the best solution:
Following are the key NetSuite Products.
NetSuite ERP (Enterprise Resource Planning) solution operates all your critical financial business processes and back-office operations in the cloud. It enables enterprises to manage IT costs, streamline order management, procurement processes, improve employee productivity, optimize accounting efficiency, and more.
The important features of the NetSuite ERP solution are listed below:
NetSuite CRM (Customer Relationship Management) is the only solution that delivers a real-time and 360-degree view of your customers. Provides a seamless flow of information across the entire customer lifecycle—from lead through opportunity, sales order, renewal, fulfillment, upsell, cross-sell and support to improve productivity.
NetSuite OneWorld presents a unified and integrated business management platform for enterprises that seamlessly handles multi-national and multi-subsidiary operations globally.
It drives operational and financial efficiencies of global businesses by providing real-time visibility and flexibility for customizations to corporate-specific and subsidiary needs. Financials are the backbone of NetSuite OneWorld.
being kept up to date with software’s latest versions.
NetSuite SuitePeople offers power functionality of managing HR processes throughout the Suite giving complete business control. SuitePeople HR manages the human resources and workforce management processes with exceptional employee experiences to complete most everyday tasks.
SuitePeople is a built-in NetSuite enabling:NetSuite
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NetSuite Professional Services Automation maximizes your business services performance. NetSuite delivers complete web-based PSA, including project accounting, resource management, expense management, everything integrated with SaaS accounting, eCommerce, and CRM capabilities. NetSuite PSA allows you to manage and automate key aspects of business across the complete bid-to-bill lifecycle.
NetSuite OpenAir PSA solution supports complete professional services delivery lifecycle with the cloud-based suite. It also empowers organizations with mobile services at any time, anywhere, access in the cloud.
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NetSuite offers a complete commerce solution for delivering a unified customer experience called SuiteCommerce.
The key highlights of this solution are:
NetSuite is a leader in delivering embedded analytics that allows making a critical business decision by uncovering hidden information that improves the company’s performance across teams, subsidiaries, and multiple departments.
SuiteAnalytics offers incredible flexibility to create Saved searches and reports.
The key highlights of this solution are:
NetSuite Business Intelligence provides the power of built-in real-time dashboards, analysis, and reporting across all the integrated processes within the software suite.
NetSuite SuiteSuccess is a transformative customer engagement methodology that drives customer success through leading practices in cloud ERP implementation.
NetSuite’s SuiteCloud provides tools for cloud customization to develop new applications or extend NetSuite for business needs. SuiteCloud Developer Tools provide comprehensive functionality from workflows and scripting to analytics and web services to enable you to customize, develop, test, and build applications on NetSuite.
Demand for NetSuite experts is multiplying. More and more companies are looking for professionals having validated NetSuite expertise.
NetSuite offers two types of Certification based on role: the administrator and the other is the user.
1. Administrator Certifications
2. User Certifications
With this, we have come to the end of this NetSuiteTutorial. We tried to cover all the core fundamentals of NetSuite that you need to know to start practicing NetSuite now. Still, if you have any questions related to the NetSuite, feel free to leave a comment below, and we'll get back to you at the earliest and solve the query in the best possible way.
Ravindra Savaram is a Content Lead at Mindmajix.com. His passion lies in writing articles on the most popular IT platforms including Machine learning, DevOps, Data Science, Artificial Intelligence, RPA, Deep Learning, and so on. You can stay up to date on all these technologies by following him on LinkedIn and Twitter.