By using this site, you agree to the Privacy Policy and Terms of Use.
Early in the life of most businesses, spreadsheets and individual applications are the default systems used for managing all the different tasks. However, as a company grows, a simple set of spreadsheets and tools can turn into a disconnected and disorganized jumble. Soon enough, leaders who should be focused on continuing to build and grow a business instead end up struggling just to make sense of their information.
Eventually, after a patchwork of systems and spreadsheets, businesses need a single solution for tracking data across finance, sales, products or services, the supply chain, and customers and employees. The goal of enterprise resource planning (ERP) systems is to be this single, unified system that can handle all transactions and be able to grow along with a company.
Unfortunately, many small businesses don’t recognize the benefits of an ERP system. It may be that the company’s leadership doesn’t understand what an ERP system really does and still imagines it’s only suitable or attainable for large companies. Some think that an ERP system handles only financials. Or the company may have heard horror stories about poorly chosen ERP systems or badly managed ERP implementations. But with the right ERP, and a solid implementation plan, small to midsize companies can realize very important advantages.
This report puts the spotlight on Oracle NetSuite, and how the vendor has made their ERP system accessible for improving the business of small to medium sized companies.