Why funded Startups should choose NetSuite as their ERP?
Inception:
The innovative startups are funded by various industry leaders, government bodies, Venture Capitals, private financial institutions, and business incubators. Since winning the trust and the funding from these bodies is critical in nature.
The idea behind the startup, its scalability, the break-even point for the profits, future scope in the market, etc. is being considered by these authorities and if you qualify for these criteria, chances are high that your startup will flourish with the investments and the rapid growth is there for sure.
Kudos to your startups, if you are one of those lucky entrepreneurs who got the funding from the investors, as the probability of converting your startup into an enterprise is quite high.
If we assume the startups as, like the infants, they grow exponentially in their early stages of life. We have observed many times, that we needed to switch the baby dresses quite often in a very short duration of time, as the size of the infants grows rapidly but the dresses don’t and the parenting becomes quite expensive.
In a similar way, the startups grow exponentially in all the directions, the procurement of the latest technology platforms, expansion of the team, branding over the online and offline platforms, technology preferences, etc. consumes most of the funding, time and the energy.
Many times the entrepreneurs need to compromise on their essentials assets of the startups which they would buy or utilize with the reserved funds, otherwise. Since most of the spending happens on the operational cost, we must think about the strategies which will minimize these expenses with better and profitable outcomes.
Different applications for different purposes, a need of having a physical operational space, the pressure to remain technologically advanced, surplus resources are some of the gaps which drain out most of the money.
Can ERP be an Option?
There is a long term misconception that an ERP application is not meant for the early-stage startups. Commonly the Startup founders neglect the initial investment in the ERP application by preferring random lightweight accounting software for managing their financial operations.
Sometimes these applications are rigid in configuration, leading to the added spending on their scaling and adopting over the new changes. Also, we need to allocate dedicated accounting and IT professionals who are experts in this software just to maintain the flow of the operations.
The ERP system as we all know is capable enough to integrate all the segments of a firm, providing the analytical reports to the founders and the decision-makers of the startups.
They provide refined information related to their operations, key performance indicators, intuitive dashboards so that the startup owner can predict the flow of the direction of their firm. This helps them is saving every penny which they can utilize in the expansion of their venture.
Oracle NetSuite Cloud ERP Platform: The Success key for the Next Generation founders
The advancement in cloud technology helped entrepreneurs in a revolutionized way. The elimination of outdated software, disruptive scalability, and increased automation have changed the face of the ERP platforms. The Oracle NetSuite Cloud ERP, which is also the first Cloud ERP in the world, has served over 20000 companies across 110+ countries.
The NetSuite ERP is a SaaS-based cloud application having the modular pricing structure so that all the businesses including small scale startups to the large enterprises can easily adapt NetSuite Cloud ERP in their businesses. As NetSuite is known for its scalability and flexibility, the ERP can easily adopt the momentum of the rising startups.
The primary benefit of having the NetSuite as an ERP at the core of a startup is, the entire process is already been automated so that the companies can systematically plan for their future. The probable chaos & loopholes in the operations can be fixed in the first place.
The rich AI and powerful BI provides the 360° insights of our business with multi-dimensional reporting, intuitive dashboards, and visual KPIs so that the operational efficiency gets increased.
As NetSuite is a private cloud ERP, the information security is kept at the utmost priority so that the team members can manage their operations from any remote location without any hesitation.
Also, the NetSuite Provides 2 major updates every year along with the constant minor updates, so that our systems remain updated on the latest technology stacks at any moment. This keeps the startups way ahead of their competitors so that the skepticism of being outdated has perished.
Having an ability to implement in the record time, the NetSuite professionals follow the Suite success methodology. Which itself carries the leading practices, so that the approximate costs, probable time for the implementation, and exact ROI are defined in the first place. This gives the founders an insight into the idea about the profitability of their investment into the ERP application.
To understand how, NetSuite ERP can help to free to scale up your startup, feel reach us as:
Website- https://saturotech.com
Email ID- sales@saturotech.com
Call us on: +91 844-844-8939 and press 3
Related Topic:
How NetSuite ERP can help fast-growing organizations to achieve their Milestones?
Benefits of NetSuite ERP