How NetSuite can reduce sales time by 50%

A good coordination between the information and the sales as well as accounting team is the most important part of closing a customer. Accurate financial information and a timely addressal of all the grievances is what a customer expects from a company before buying its goods or services. And in a company that has a number of business divisions, it becomes really hard for the employees to provide a timely report. It is because the reports from all the divisions such as manufacturing unit, warehouse unit, marketing unit, accounting unit, etc. needs to be collected and then clubbed into a single report. This procedure can be both time consuming and increases the scope of mistakes and confusions. 

With time, as the business expands, the company might also invest or acquire new companies that might act as subsidiaries to the parent company. And when acquisition happens, the new company is likely to use its old existing managing system and software. It might be beneficial for the parent company as it doesn’t have to spend money on new technology, or invest in teaching the new employees accordingly. But it too has disadvantages. This is because the management team needs to deal with more than one single system between the parent company and the subsidiary. In order to make a financial report, the team has to convert the data into one standard format. All the data codes must be mapped with one another. After this is done, the actual process of consolidation of reports starts. 

But how does Oracle NetSuite help in this situation?

• Right Information = Right Decisions = More Profit

Almost each and every important decision of a company largely depends on the data stats that is provided by the managing department to the top level. The future plans, estimates of profits and returns on investment are then calculated on the basis of the reports. Manual inputs of data and information might cause omission and lead to an incomplete or insignificant report that might affect the decision making of the top-level management. But using Oracle NetSuite, the company benefits with seamless automation that reduces both time and capital of the company. The employees that were earlier assigned to record data, now give their inputs in driving management to a greater height. 

• Automation is the key

With the advancement of technology, more and more businesses are moving towards full automation. This doesn’t mean that the human labour will or can be replaced with machines, but the part of the jobs that requires huge calculations, repetitive entries, and non-creative aspects, those work will or can be automated. So, the benefit of this will be that, earlier those employees who were assigned to do such manual repetitive work, now can invest their time and ideas into more creative parts of the job. This will help the business in reducing the losses that incurred due to lack of automation, and the time and energy of the employees can be used to drive the business to a stronger position in the market.

• Warehouse Management became easier

One of the biggest problems that a business dealing in products is concerned with is that of management of warehouses.  And when a business has more than one warehouse or store, the employees need to take care that all the products according to demand of that particular store be available. When a customer places an order for a product, he/she hopes to get it delivered as soon as possible. And when the stores and warehouses have those products, then the delivery processes escalate. This reduces the sales time as the customer is getting what he or she wants at the right time, ultimately improving sales and increasing profits.

• Delivery management is the path to customer’s heart

A customer places an order from a company to get the best quality of both before and after sales services. He/ she hopes that the product’s quality is good and reaches their place in a perfect condition within a short span of time. But what if the order is directed to a warehouse which is farthest from the delivery location? But with Oracle NetSuite, a business doesn’t have to worry about this problem. Because, the software integrates data according to the customer and then allocates the order to the nearest warehouse from the delivery location. This helps the business in reducing the extra cost that might have occurred, and will also bring goodwill for business.

• Salesman knows the trick

In the market, a business will find various types of customers. Some will come to you, and instantly buy the product or services you offer. These are the ones that are either your loyal customers or the ones who have full knowledge about what you are selling. And others are the ones that you need to provide them with information from scratch and you need to convince them that your product is the best. But not every salesman can handle all types of customers. So, Oracle NetSuite integrates the data of the customer and then assigns the right salesman. This helps the company in making a new customer, and also provides the customer with a great buying experience.

Oracle NetSuite can solve all of these problems that the companies have been or might face in the course of their business. The integrated data structure and a number of features makes it easier for the businesses in widening the customer network and broadening the size of profits that they can earn.