NetSuite: The #1 Online Integrated Business Application

Manual Journal Entries Reduce the Likelihood of Errors

NetSuite Inc has emerged as a leading provider of complete business application software for small and medium businesses since 1998. Based in San Mateo, California, USA, it has worldwide operations spread across Canada, Australia, New Zealand, UK, Europe, Middle East, Africa, Singapore and Hong Kong. NetSuite's online services have helped companies across the globe to manage complete operations through a single hosted system. It has won several awards for innovation and market leadership from eWeek, CRM Magazine, InfoWorld and PC Magazine among others.

What is NetSuite and what does it offer?

NetSuite is an integrated, online business application combining ERP, CRM and Web commerce with features / capabilities like:

• Real-time dashboards
• Business Intelligence and Analytics
• Sales force automation
• Marketing automation
• Support management
• Productivity tools
• Partner relationship management
• Inventory management
• Order fulfillment
• Purchasing & Vendor management
• Employee management
• Payroll services and
• Time & Billing

Its on-demand capability eliminates:

• New hardware purchases
• Upfront license fees
• Complex set-up procedures

What are the components of the NetSuite product range?

The NetSuite product range comprises the following applications: NetSuite This is a complete web-based tool for medium businesses that combines ERP, CRM and Web capabilities along with partner collaboration functionality. It enables better decisions through real-time information availability and provides quick deployment, ease of use and flexibility for smooth business flow. It helps eliminate IT concerns and operational expense associated with frequent maintenance of individual applications. NetSuite Small Business This is an integrated online application for small businesses that combines front & back office operations, sales management, service, accounting and web access. Tight integration prevents inter-department data transfer, saving time and money. It facilitates virtual business management for through anytime, anywhere access over the Internet. NetSuite CRM This Web-based CRM solution provides all the traditional CRM functionality required to manage sales and customer relationships. It is rated #1 in opportunity management, sales management, forecasting, dashboards, product catalog, document management and activity management. Basic CRM features like salesforce automation, marketing automation and customer support & service are available. It provides flexible customization through NetFlex. NetSuite CRM+ This Total CRM solution enables, large and small, customer-centric businesses to manage new as well as on-going relationships through telephonic, personal or web interactions. It goes beyond traditional CRM providing complete customer lifecycle management. Additional capabilities over NetSuite CRM are: order management, incentive management, project tracking, partner management, upsell / cross-sell, website & analytics and complete customer portal. NetERP This is the leading web-based business ERP software tool supporting entire back office operations and combining all ERP components into an integrated application. It simplifies management of financials, orders, procurement, inventory, payroll etc. It improves productivity through back-office integration. The real-time dashboards help in collaboration and management of client/partner relationships. NetCommerce This ecommerce solution enables faster and cost effective scaling up of business by providing a dynamic, database-driven web portal. It integrates customer-winning efforts with back-office order execution. It provides online 24x7 support to lower costs and improve customer satisfaction. NetFlex This technology platform addresses the needs of specific industries and companies. Of the many NetSuite variants, this is the most customizable and extendible application service. The NetFlex Appbuilder allows complete applications to be built and hosted within NetSuite

What kind of Services does NetSuite offer?

NetSuite offers three types of services namely;

• Professional Services, which include implementation, ongoing support and training, through a professional services team and wide partner network
• Customer Support, which includes integrated support, engineering and quality assurance teams. It also offers free maintenance, version upgrades and data backups for clients hosting applications.
• Additional NetCARE Gold and NetCARE Silver support options include training, which has customizable training programs for every client organization through the NetSuite University. This enables quick implementation and adoption by all users.

Which industry segments do NetSuite's products address?

NetSuite products address the following industries:

• Software
• E-commerce
• Professional Services
• Manufacturing
• Wholesale / Distribution
• Retail
• Advertising
• Agriculture and
• Non-Profit

Which industry segments do NetSuite's products address?

How can TA make a difference to your business?

The professionals at TA have the expertise to customize the powerful features of the NetSuite software and also integrate them with other useful tools to suit your specific business requirements. They can optimize the capabilities of NetSuite to enable you derive maximum benefit through efficient and complete management of the financial and accounting aspects of your business leading to rapid business growth.

How much effort is involved in Outsourcing Accounting on Netsuite to TA?

It's really very simple. We have clear steps to ensure smooth transition. We will first understand you processes and how you use Netsuite. Our secure, plat-form based approach will allow us access to your data. We start off from where you leave - it would be practically seamless.

What Special Training and Knowledge is required?

Your team of outsourced professionals at TA will all have a Bachelor's degree and in many cases a Masters Degree. In addition, they are specially trained in the American accounting system and practices as well as Netsuite.

What about Online Security and Security at your Office in India?

It is very secure. Only team members authorized by you can see your data online. Netsuite encodes your transmissions with secure encryption. Our facility in India has restricted access to the building and each employee has restricted access to your files and documents. We do not have client data residing on servers in India. All our employees undergo a screening process and sign confidentiality agreements.

How do I Select a Vendor?

When outsourcing financial services, we recommend that you look for these critical five elements: Speed, reliability and trustworthiness of customer responses - ensure that the vendor does not sacrifice one for the other. Good communication skills - this is at the core of a good working relationship, whether it is in written reports, email or over the telephone. Overall quality of management and team - look for vendors who have the right values and bring relevant experience or educational background. Customer references - there is no substitute to positive word of mouth. If there are satisfied customers, the vendor is worth looking at. Stability of Infrastructure - You cannot be changing vendors, as it nullifies any cost benefit or time you would save by outsourcing. Look for firms that have the physical (office building, equipment and hardware) and internal (people, software, skill sets) infrastructure in place.

I am definitely interested. How do I take this forward?

Many small & medium businesses worldwide have benefited by using Netsuite accounting software. You can be one of them. To achieve a substantial increase in your business revenues and profits, while reducing your operational expenses, outsource your business finance and accounting tasks to TA. Our consultants can analyze your requirements and recommend the most appropriate software version and cost-effective solution suitable to your business needs to help you achieve your goals.