Brief Journey of ERP :
When the Industrial Revolution started happening, the majority of industries started to focus on the improvement in their operational efficiency, production growth, seamless automation, and technology enhancement. Particularly, in the manufacturing industries, it became very essential to track their inventory management, production efficiency, finance and accounting, supply chain, and logistics management. There were plenty of applications present in the market to support these operations but not a single system to combine all the segments into a single platform. At that time, the Enterprise Resource planning (popularly known as ERP) came into the picture.
ERP system is a centralized platform which integrates all the business units and segments into a singular form and provides the processed reports and the key performance measures to the management of particular organizations helping them in monitoring the ongoing operations, better forecasting, insights of the department-wise performance and better serving their customers.
To understand more about what is ERP? And how it works, you can refer to our other article here.
The Need for Cloud ERP Systems :
As we know, along with the constant growth which was happening in the industries, the competition for better client serving, also started to increase. The need for flexibility and scalability became essential for decision-makers to cope up with these ongoing changes. The traditional ERP or on-premise ERP software was able to ease the monitorial efforts but was not capable enough to scale up constantly. To overcome this, the concept of Cloud ERP came into the picture and it changed the face of the traditional processes.
The Cloud ERP systems are having the data servers remotely located and through which the organizational operations can be managed using internet connectivity. The basic configuration is done initially so that the entire system migrates over the cloud and starts taking care of our processes.
Oracle NetSuite Cloud ERP :
Even though there are plenty of cloud ERP applications currently available in the market, the crown of the world’s first true cloud ERP goes to NetSuite Cloud ERP. It was previously known as NetLedger, and currently popular as Oracle NetSuite Cloud ERP.
In recent years, many of the companies are moving and operating their operations over cloud ERP platforms, and in the upcoming future, the majority of them will completely migrate over the cloud platforms. The Cloud ERP platforms are primarily categorized into the Public Cloud and Private Cloud Platforms.
The Oracle NetSuite Cloud EPP is hosted on the private cloud platform having 8 data centers across the world, secured with multi-tenancy and having the radiant security certifications such as SOC 1 (Type 2), SOC 2 (Type 2), PCI DSS, EU-U.S. Privacy Shield Framework, ISO 27001, etc. providing 256-bit encryption and securing the valuable information of their clients around the world.
The NetSuite ERP is packed with powerful ERP features as mentioned below :
These features make NetSuite an ideal platform for Mid-Size and Large Enterprises, helping them in getting the 360° insights of their organization, providing flexible and multidimensional reporting. The NetSuite OneWorld provides multi-currency, multi-company, multi-language, multi-tax & multi-subsidiary features so that organizations can consolidate their global presence and scale up their operations around multiple countries without any limitations.
The Graphical Analytics, KPIs, visual actionable reports, action reminders & dashboard guides the users in making quick and predictable decisions. This helps in enhancing the operational efficiency, financial reporting, departmental tracing & forecasting becomes much easier. The unified data system helps in synchronizing the key segments of an organization like marketing, sales force automation, project management, inventory tracking, production, manufacturing & engineering, logistics, procurement, and revenue recognition, providing the processed insights to all the decision-makers with role-based security.
Industries :
Having mentioned credentials as above in the Article, more than 20 industry verticals are being served by Oracle NetSuite Cloud ERP and propelling their scalability and growth. Some of them are like :
- Manufacturing
- Retail
- Service Industries
- Financial Services
- Healthcare
- Restaurants & Hospitality
- Software & Internet
- Wholesale & Distribution
- Non-profit
Currently, the NetSuite ERP is being used by more than 20000+ companies in more than 110+ countries and this growth is happening exponentially in the current COVID-19 Pandemic situation as well.
For understanding more about NetSuite Cloud ERP & demo, feel free to reach us :
Website: https://saturotech.com/
Email ID: sales@saturotech.com
Phone Number: 020-711-796-33 (Press 2)