NetSuite Accounting

NetSuite Consulting and Software Integration to Revolutionize Your Company

Oracle NetSuite

Working with an Oracle NetSuite consultant is an important consideration for the future of your company. NetSuite can administer many aspects of your company and increase in scope when you’re ready, so it’s perfect for scaling your business. Because NetSuite accounting is very popular, it’s ideal for companies that want to merge with or acquire another company in the future.

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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We Answer Your NetSuite FAQs

When NetSuite was first released, it was a tool that accountants used primarily for bookkeeping and accounting services. With time, the software developed other key functionalities. Primary among these functionalities are enterprise resource planning (ERP), e-commerce, and customer relationship management (CRM) software.

Currently, NetSuite’s software can be divided into several categories of software products. Each product comes with the option to implement additional services and support. 

The NetSuite products are:

1. NetSuite OneWorld

This software includes all the tools in NetSuite ERP and extended capabilities that allow multinational companies to manage currencies, international tax requirements, and multiple subsidiaries.

2. NetSuite ERP

Accountants use this software to handle their client’s vital financial business processes. This is a cloud-based service that facilitates handling order management, inventory, accounting, and supply chain.

3. NetSuite CRM

This software gives organizations a 360 degree view of their customers throughout their entire customer lifecycle.

4. NetSuite PSA

This is a professional service automation program that allows a team to execute, track, and plan projects.

5. NetSuite Suite Commerce

This is an e-commerce platform that B2B and B2C companies can use to give their customers a constant yet personalized e-commerce experience.

6. NetSuite SuitePeople

This is an HR management solution. It allows a person’s data to be weaved throughout different NetSuite programs. It gives an organization more control over vital HR processes.

NetSuite software let companies manage important business processes using just one system. NetSuite has no hardware, no hidden licensing fees, no complex setups, and no maintenance fees.

Accountants use NetSuite to help clients with enterprise resource planning (ERP). It is used to track financials, manage inventory, and host e-commerce stores. NetSuite can integrate with customer relationship management (CRM) systems.

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. 

NetSuite has a flexible pricing model. Its price is 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.

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.

NetSuite offers a pricing and service calculator that allows you to answer a few brief questions to determine what a small business’s budget for NetSuite software and related services should be.

NetSuite is the number one cloud ERP software. It allows companies, regardless of their size, to manage critical business processes with just one system.

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. Many feel that this was the first cloud computing software company.

In 2007, NetSuite went public. It was backed by an experienced leadership team. This led to explosive growth.

In 2007, the idea of software being delivered through the Internet was groundbreaking. However, the company pioneered SaaS technology. The company’s run rate skyrocketed from a million to over a billion in short order.

Who owns NetSuite now? In 2016, Oracle purchased NetSuite. The companies merged their resources to better serve small to midsize businesses and global enterprises effectively. Today, NetSuite’s software is used by over 21,000 companies in over 200 territories and countries.

NetSuite was founded in 1998 by Evan Goldberg. Larry Ellison, the executive chairperson of Oracle, provided some funding for NetSuite. At first, the company was called NetLedger.

In 2007, NetSuite went public. In 2016, Oracle officially acquired NetSuite.

NetSuite is a software that is trusted by over 40,000 and subsidiaries around the planet. In the United States, NetSuite has around 5,646 customers.

NetSuite is trusted by over 40,000 companies and subsidiaries around the globe. Customers that using NetSuite include:

Wells Fargo and Company is a US-based financial services organization that employs over 258,700 individuals and has an 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 US-based communications organization that employs over 53,000 individuals and has an annual revenue in excess of $45 billion.

The State of Wisconsin is a US-based government organization with more than 33,000 employees and an annual revenue of over $40 billion.

Other organizations include small businesses with revenues that range from $1 million to $5 million. They include the retail company A Brief Affair, the communications company 500 Limited, the professional services company 3SG Corporation, and the customer packaged goods company 2Pure UK Ltd.

NetSuite Integration Helped These Companies

Philz Coffee, 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

NetSuite Allowed Them to Do More Faster

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.

Read: 5 Signs that You Have Outgrown QuickBooks Online

Brex Switched from QuickBooks to NetSuite

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. 

Expert NetSuite Accounting Lays a Robust Foundation for Growth

Having the ability to ensure compliance and expedite your financial transactions through the NetSuite financial management system provides real-time visibility of your company’s financial performance. We can take these numbers and assist you in creating a tax planning strategy that will help you save money. Plus, you can rest assured that you’ll always be prepared for handling your tax liabilities. 

With integrated, accurate reporting, your NetSuite accountant can analyze financial reports and provide you with the insights you require when making critical decisions for your business. Our team is here for you at your convenience if you have any questions about NetSuite integration and accounting services.

NetSuite Consolidates Your Software in One Platform

CRM

PSA

HR Management

Integrate NetSuite with Experts

As a total business management suite, NetSuite can provide an all-in-one solution for your needs. With the help of our NetSuite accounting team and NetSuite integration experts, you can make the most of all its capabilities. It eliminates the need for spreadsheets and reconciling numbers from multiple tools. This will 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. 

Working with a NetSuite Consultant

Analyze – Integrate – See results

Read an in-depth explanation of how NetSuite and an experienced consultant can transform different areas of your business:

NetSuite consultants who understand that your business is unique

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Been working with Trevor and his team for 6 years... great firm... worth the investment and peace of mind.

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