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 you company’s growth. With the help of Fusion CPA’s accountants, this data can be used for business forecasting and process optimization. Our team can provide you with the insights you require when making critical business decisions. We can also assist you in creating a tax planning and compliance strategy that will help you save money. Our services are customizable and will be based on your business structure – if you already have an accounting team, our team can assist with NetSuite integration and optimization while respecting your existing setup.
We can give you a clear path to success implementing NetSuite. Our NetSuite consultants can choose and integrate the right modules, licenses, and user profiles. We’ll handle a lot of the work of importing data, streamlining your accounting and maintaining NetSuite.
With the help of our NetSuite accounting team and certified NetSuite partners, you can mitigate the risks associated with migrating to different software and make the most of NetSuite’s functionality. With us, you will have dedicated, personalized assistance that doesn’t compare to any other software support team. Our NetSuite team is dedicated to growing businesses and has experience with CFO Advisory.
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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.
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 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.
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.
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 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.
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.
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.
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.
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.
NetSuite allows companies, regardless of their size, to manage critical business processes with just one system.
They typically have revenues that range from $1 million to $5 million. Small businesses that use NetSuite include:
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.
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.
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.
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.
Operating in a low interest rate environment, Catholic Order of Foresters is facing challenges. As life insurers, it matches its investment to mortality rates. Due to the low interest rates, many higher-rated investments are either being called or paid down faster than insurance products are right now. Because that put a strain on profitability, their senior VP of finance said they decided to invest in new cloud-based technology where they could predict costs easily.
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