Make the Most of Your Data with NetSuite & Fusion CPA
Whether you have NetSuite or plan on implementing it, you should consider working with experienced NetSuite controllers to save your company time and money with software integration, data validation and much more. Learn how Fusion CPA helps companies make a success of NetSuite.
Why NetSuite?
With the right setup, NetSuite provides real-time visibility of your company’s financial performance and functioning. This allows you to solve issues that are standing in the way of your company’s growth. This powerful ERP is ideal for multi-location, multi-company businesses and the management of multi-currency transactions. It allows businesses to scale and integrate many business functions, using the NetSuite modules you require, in one platform. This is necessary to achieve accurate data and make smarter business decisions
How We Make a Success of NetSuite Implementation
Business Advisory
Before setting up your software, it’s important to have a clear goal of what you want to achieve with your data.
Your team needs to be familiarized with their new software and we can assist with advisory to set up your KPIs and reach your goals. For example, if you’re tracking KPI data on a weekly basis, each team member needs to input their data on time to get an accurate view of their progress or where issues could arise.
Optimization
With our team by your side, your company will have assistance in choosing the suitable modules and settings. We also have NetSuite developers on standby, should you need any customizations. Getting NetSuite implementation right the first time is crucial. Therefore, we help companies save time and money by streamlining the implementation and optimization processes.
On-Going Support
Our NetSuite accountants and consultants will support you every step of the way. We can schedule weekly or bi-weekly meetings to check-in and ensure that everything is running smoothly. Our services include:
- Bookkeeping
- Tax planning
- CFO Advisory
How NetSuite Helps Companies
Philz Coffee is a Family-Owned Business Scaling with NetSuite
The way I look at it, it's like having one store a thousand times, which means growing large in a micro manner, so we can keep that specialness which made the business what it is today.
NetSuite fits our needs the best in terms of being cost-effective and providing us the functionality and capabilities we need one year from now, and ten years from now.
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Brex Needed Multi-Entity Accounting to be Able to Branch into New Markets
As Brex grew, so did its accounting software needs. Before going public, Brex switched from QuickBooks to Oracle NetSuite. They wanted a system that was able to grow with their organization.
Key Features that Drew Them to NetSuite
NetSuite’s OneWorld allows organizations to gather data from multiple business units across the globe.
The software automatically accounts for different countries’ languages, tax laws, billing requirements and currency regimes.
They could integrate NetSuite with their unique software. With Brex, this functionality was key. It allowed them to stack their tech together in a single system. This gave them peace-for mind that they’d be ready for an audit.
NetSuite integrates with other software tools. This gives it advanced functionality to handle things like cash management, tax compliance, automated depreciation, and amortization. Prior to using NetSuite, company leaders needed to gather monthly depreciation and amortization reports from spreadsheets. Now, with the touch of a button, all the information they need is in hand.
About Brex
Brex was founded by Brazilian-born entrepreneurs, Pedro Franceschi and Henrique Dubugras, in 2017. Their FinTech company helps startups get credit cards that have limits between 10 and 20 times higher than that of traditional credit cards – with no personal guarantee.
By March 2018, Brex had $10 million in annual recurring revenue. In May 2020, Brex acquired three other companies. Brex has raised $465 million and boasts over 400 employees.
Why Choose Fusion CPA as Your NetSuite Consultants?
With the help of our NetSuite team, you can mitigate the risks associated with migrating to different software and make the most of NetSuite’s functionality.
We specialize in helping companies optimize NetSuite – whether they have been using it for a while or want to migrate to NetSuite.
Moving to a different software is often scary and a bit like flying a plane. It takes a lot of work to get off the ground, but it is truly worth it and you can take your business to new heights. NetSuite is an extremely customizable software and our NetSuite consultants can do just this – turn all the knobs and dials until it is optimized for your unique purposes.
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Talk to us about getting the most out of NetSuite
Read More About NetSuite
The Ultimate NetSuite Implementation Checklist
NetSuite Implementation takes a lot of work and know-how to execute successfully. Our team takes you through our NetSuite implementation checklist.
NetSuite Modules
See the full NetSuite Modules List to get a better idea of all the options you have when implementing NetSuite. Most modules are optional and can be added when you have the need for them.
NetSuite Pricing
NetSuite pricing is dependent on the modules and license you choose, your company size, and what payment option you are comfortable with.
We Answer Your NetSuite FAQs
How Much is NetSuite?
NetSuite has a flexible pricing model tailored to the needs of the customer. ERP configurations, total user account, add-on modules, and contract length influence the price.
NetSuite offers its software in pre-bundled vertical additions. These can be beneficial for organizations that want to quickly identify the package module that will address their organization’s needs.
Book a free consultation with Fusion CPA to determine the right setup for your business
How Much is NetSuite for Small Businesses?
NetSuite’s base license cost is $999 per month with an access cost of $99 per user per month. NetSuite licenses its product on a subscription model. The subscription can be renewed every year or over longer periods of time.
What is NetSuite Software and What are the Different Products?
NetSuite can administer many aspects of your company and increase in scope when you’re ready, so it’s perfect for scaling your business. It is cloud-based, so it can save you and your team a lot of time as data is always current and accessible. You will be able to log into your NetSuite dashboard from any computer or mobile to view your business performance.
Primary among these functionalities are enterprise resource planning (ERP), e-commerce, and customer relationship management (CRM) software.
What is NetSuite Used for?
NetSuite software lets companies manage important business processes, all consolidated in one system. It allows for multidimensional reporting and data tracking.
NetSuite comes with customer relationship management (CRM) and finance modules and you can choose the add-on NetSuite modules to assist with your specific business needs, like manufacturing, or advanced order management and POS for retail and eCommerce. Depending on the size of the business, retailers use SuiteCommerce or SuiteCommerce Advanced.
Explore the full list of NetSuite functions
Businesses rely on NetSuite for seamless cloud delivery and to strengthen their competitive advantage.
NetSuite is a versatile tool and is used differently in every business. It is best optimized by an experienced NetSuite consultant who can train your team to use the software they need on a daily basis. We offer NetSuite integration, plus accounting. This approach makes the most of the software’s abilities.
What App Integrations Does NetSuite Have?
NetSuite integrates with a wide variety of apps. Popular integrations include Salesforce, HubSpot, Magento, Shopify, Expensify, Stripe, WordPress, ADP, Concur, and EDI. You can use software like Celigo to automatically reconcile data in NetSuite and manage integrations with a huge variety of apps.
What Are the Payment Terms?
NetSuite has no hardware, no hidden licensing fees, no complex setups, and no maintenance fees. Their payment terms are flexible, making it accessible to SMBs who want to make monthly payments, or you can opt for yearly payments.
When Was NetSuite Founded?
In 1998, Evan Goldberg used funding provided by Oracle’s executive chairperson, Larry Ellison, to found NetSuite. At that time, the company was named NetLedger. One can say that this was the first true cloud computing software company.
In 2007, NetSuite went public. It was backed by an experienced leadership team and saw explosive growth.
In 2007, the idea of software being delivered through the Internet was groundbreaking. The company’s run rate skyrocketed from a million to over a billion in short order as it pioneered SaaS technology.
Who Owns NetSuite?
In 2016, Oracle purchased NetSuite. The companies merged their resources to better serve small to midsize businesses and global enterprises effectively.
Oracle Corporation is mostly owned by Larry Ellison, a co-founder, executive chairman, and chief technology officer of Oracle. He owns 36% of its shares.
How Many Companies Use NetSuite?
Today, NetSuite’s software is used by over 21,000 companies in over 200 territories and countries. In the United States, NetSuite has around 5,646 customers. It’s the most widely used ERP in the world.
What Companies Use NetSuite?
NetSuite allows companies, regardless of their size, to manage critical business processes with just one system.
Large companies in the US that use NetSuite
- Wells Fargo and Company is a financial services organization that employs over 258,700 individuals and has annual revenue in excess of $85 billion.
- Audi of America is a manufacturing organization with over 79,000 employees and an annual revenue in excess of $57 billion.
- T-Mobile is a communications organization that employs over 53,000 individuals and has annual revenue in excess of $45 billion.
- The State of Wisconsin has 33,000 employees and annual revenue of over $40 billion.
Small businesses that use NetSuite
They typically have revenues that range from $1 million to $5 million. Small businesses that use NetSuite include:
- A Brief Affair, a retail company
- 500 Limited, a communications company
- 3SG Corporation, a professional services company
- 2Pure UK Ltd, customer packaged goods company
NetSuite consultants who understand that your business is unique
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Since I’ve been with Fusion, they have provided with me a solid business plan to continue my growth, both horizontally and vertically. They implement streamline review, critique, and implementation, that allows for any and all companies to assess their worth and, in turn, allocate the best resources to turn maximum profit. In short, Fusion CPA will take your company from tier-1 to top-level with their expertise, top-notch advice, and excellent implementation.
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