Oracle NetSuite and SMEs: a powerful combination

The modern SME faces numerous challenges. As SMEs work to improve business performance and customer satisfaction in an increasingly competitive environment, they continually face challenges such as:

  • Lack of flexibility: Maintaining scalability in a rapidly changing market is an ongoing challenge.
  • Maintaining compliance: Meeting regulations and standards is becoming increasingly complex.
  • Streamlining internal processes: An overload of exceptions where standardization can be a goal complicates efficient business processes.
  • Rising costs: Outdated IT solutions require an increasing number of manual operations due to numerous workarounds.
  • Maintaining competitive advantage: Competition is intense; staying distinctive is essential.
  • Sustainability: Sustainability is no longer an option, but a necessity.

Oracle NetSuite brings the information you need, managing and controlling processes and the right real-time information so that the right decisions can be made at the right time. This is crucial to survive and thrive in a dynamic environment, where it is essential to be able to scale up effortlessly.

How does Oracle NetSuite work?

Oracle NetSuite provides SMEs with a solid set of processes, activities and systems specifically designed to deliver value. A robust foundation because of the pre-configured set of processes, complemented by the advice of our industry specialists ensures an organization that is ready for the future.

Oracle NetSuite is the number one solution for SMEs.

Oracle NetSuite enables SMEs to achieve business goals quickly and grow and scale up seamlessly. To show you why Oracle NetSuite is the solution for SMEs, we now are going to zoom in on some of the thorough set of processes offered by Oracle NetSuite.

Financial management
Oracle NetSuite supports financial management at all levels, from operations user to finance director. It provides real-time insight into financial information, with the principle of "one single source of truth" always at its focus. Oracle NetSuite understands that the specific information needs are closely related to the function within the organization. By using predefined roles, each user gains insight into the required information and access to the required processes. Segregation of Duties is also a daily reality in SMEs. Our specialists take advantage of the predefined roles provided by Oracle NetSuite and ensure that the roles match the functions in your organization.

The tax landscape is changing rapidly. For example, there is an increasing shift from paper reporting to SAF-T and stricter (near) real-time reporting of indirect taxes such as VAT. Oracle NetSuite provides support for VAT calculation and supports international trade through Intrastat reporting and declaration of intra-community supplies.

Order Management & Inventory Management
Efficient order management, including sales orders, quotes and returns, is enabled by Oracle NetSuite. It provides visibility into the status of sales orders and inventory levels, both real-time inventory levels and forecast inventory levels. This leads to improved delivery reliability and higher customer satisfaction, but also certainly helps to optimize inventory levels.

There is no industry more dynamic today than the e-commerce industry. Oracle NetSuite supports webshops and software platforms such as Shopify, which enables companies to effectively manage and further expand their e-commerce activities. This allows e-commerce activities to be synchronized with other business processes. In a market where timing is crucial, the availability of accurate information ensures that the right decisions are made.

Production and track&trace
The fully integrated platform supports SMEs in streamlining and optimizing the production process. The track & trace functionality contributes to ensuring quality management. Oracle NetSuite knows the importance of warranty agreements and recalls, and ensures that checking, repairing, replacing components or an entire product is covered from an administrative point of view.

Flexibility is, among other things, provided by using revision management. MRP integrates all components and semi-finished products seamlessly into the calculation. This contributes to the optimization of both the procurement process and the production process and results in lower inventory levels.

Want to get started with Oracle NetSuite? Eqeep helps

Oracle NetSuite gives SMEs the power to achieve business goals quickly, grow and scale up seamlessly. It is the solution to stay ahead and achieve sustainable growth in these challenging times.

Would you like to learn more about Oracle NetSuite? We would be happy to help you. Eqeep has extensive experience with and knowledge of Oracle NetSuite. We can therefore help you get the most out of this powerful platform with proven best practices. Curious about what we can do for you? Then feel free to contact us at +31 (0)30 209 92 70, or on the contact form on our website.

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