How to improve your business management with Oracle NetSuite by Tekiio?

Today, efficiency and adaptability are crucial elements for businesses . Therefore, more and more companies are seeking innovative tools to optimize their operations, improve visibility, and make more informed decisions.

In the following blog, we'll show you how Oracle NetSuite , one of the world's most widely used business management platforms, helps more than 38,000 companies facilitate their growth and planning processes.

Visibility, control, and agility: the three pillars of good business management

When CEOs, CFOs, or COOs of companies are asked what the most important elements are for managing their businesses, the answer tends to be more or less the same regardless of the vertical or market : " having visibility and control over my operations to make decisions more quickly."

These elements are essential for effective strategic planning . It involves anticipating and modeling different scenarios, devising action plans, and avoiding surprises that could jeopardize business continuity. This ability to anticipate and adapt to changes, leveraging visibility and operational control, is key to ensuring the company's long-term success and sustainability.

However, maintaining this practice without the support of software such as ERP, CRM, WMS , or similar is practically impossible when the size of the company increases and activities need to be delegated to other work teams or third parties. Furthermore, considering that more and more companies are integrating elements of Artificial Intelligence into their operations ( according to data from Forbes magazine ), it is clear that those that do not consider being in the cloud and adapting to new technologies will be left behind.

Oracle NetSuite: Your partner in achieving your goals

With 25 years of experience in every industry around the world, Oracle NetSuite has built a robust platform that enables unified business management, from operational employees to senior management. All this is done in real time and without the need for expensive infrastructure, and is backed by one of the world's largest technology companies.

And how does it achieve this? Below, you'll learn about three key elements of NetSuite that make it possible:

Proven methodology

More than 40,000 SaaS implementations over time have enabled Oracle and its solution providers to find an effective strategy for getting the system up and running in just 100 days and achieving ROI in 9 months. Companies like Kavak and Onapsys, now valued at over $1 billion and categorized as "unicorn companies," are successful examples of this methodology and are Tekiio customers.

This methodology, called SuiteSuccess , initially integrates the essential elements for rapid system adoption, enabling companies to see immediate benefits. It then relies on continuous cycles of engagement, drive, enablement, and conversion to improve and expand the system's capabilities, adapting to specific business needs and ensuring sustainable growth.

All of this, and thanks to the use of preconfigured workflows for the sector, results in greater operational efficiency, visibility that enables agile and informed decision-making , and a more effective pace.

Total integration

Oracle NetSuite is a flexible and customizable system that maintains perfect balance without losing control. Thanks to its ecosystem of solution providers, you can create fields, flows, and developments fully tailored to your company's operations. Additionally, in the marketplace , you'll find hundreds of prebuilt and tested applications designed to meet everyday challenges and maximize the potential of your instance.

You can't talk about efficient integration without mentioning the platform's native modules . These modules, in many cases, eliminate the need to look for other solutions to manage your entire operation . Some of the most notable modules include:

• Finance

• Manufacture

• Inventory Management

• CRM

• Project Management

• Marketing

always up to date

You can have the most comprehensive ERP, with the best integrations and all the modules needed for world-class strategic planning, but what about long-term support?

Oracle NetSuite's greatest strength over its competitors is that you'll always be enjoying the latest version. With two annual updates at no additional cost, NetSuite ensures that your system remains up-to-date and compatible with all your integrations and developments. This ensures that your ERP evolves with your business needs, providing continuous support and keeping you at the forefront of business technology.

For example, the following improvements were included in the current version (2024.1) :

• NetSuite Text Enhance. A feature that uses AI to help users create and review content based on NetSuite data.

• NetSuite Enterprise Performance Management (EPM). A module that combines planning, budgeting, and reporting capabilities into a single solution.

• NetSuite Supply Chain Management (SCMS) app update . Manage your inventory and orders more efficiently without having to carry a larger device like a laptop.

Want to take the first step? Tekiio is here to help.

Having the support of a qualified consulting firm can make the difference between a successful implementation and one that isn't. When making this decision, it's crucial to ensure the company has the necessary capacity to carry out a project of this magnitude.

At Tekiio, we are leaders in Oracle NetSuite implementations, development, and support in the Americas and Europe. With 18 years of experience with Oracle NetSuite and having worked with more than 200 companies in over 20 countries, we are ready to help you.

Would you like to learn how to improve your business management with Oracle NetSuite? Send us a message and let's start a mutually beneficial relationship!