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Why Fast-Growing Companies Turn to NetSuite to Meet Expansion Needs

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NetSuite
NetSuite has everything one need to expand their business. Pixabay

You’ve heard people reference the phrase “right fit.” Whether it’s something being the right fit or not being the right fit, it signifies being in need of something that’s just right and has everything one might need. For instance, a company might let go of an employee because they weren’t the “right fit” for the company’s values. Well, the phrase “right fit” applies to many aspects of the business world, especially when it comes to the expansion of growing businesses.

As businesses expand, there are typically various technologies and applications that need to be purchased separately. For example, you may have one particular software that handles inventory management, but then you need two more different types of software where one handles accounting and the other handles customer relationship management (CRM). 

Utilizing multiple software programs for various business operations are siloed, unorganized, and worst of all, disconnected… it’s complete chaos… The disconnection is one of the biggest causes of inaccurate visibility, which is a direct link to lost revenue. According to entrepreneur.com, businesses have lost 20% to 30% in revenue from inefficiencies alone. 

NetSuite
NetSuite is an all-in-one solution to meet the needs of growing businesses. Pixabay

The article further states that businesses that don’t have the most up-to-date insights and real-time data are more likely to make bad business decisions. So when it comes to a business expanding, there are some important considerations to think about when choosing a new cloud-based ERP system. 

There are lots of products on the market to choose from but NetSuite is the leader in helping growing businesses manage core business operations and processes with a single, fully integrated system. It really is the full package, allowing you to handle everything from CRM and e-commerce to inventory management and financials. 

Because NetSuite has everything you need for expansion, there are experienced NetSuite consultants available to provide consulting and implementation services throughout your expansion process. They will be able to help you understand the software and processes which will then allow you to train your team on its processes to enhance your business’ growth globally

This is important because you don’t want your business to fall apart if you decide to go on a vacation or need a day off… Staff development is very important for that reason alone and if your business is going to grow, you’re going to need your staff to grow with it as well. Here’s why so many fast-growing companies turn to NetSuite to meet its expansion needs.

NetSuite is an All-In-One Solution

When you first started your business, the software you had was sufficient enough… it got the job done, for the most part. But as your business started to grow and pick up the pace, you quickly realize that the software you currently have isn’t going to meet your expansion needs and could actually hold your business back from growth.

What’s a growing business owner to do? Turn to NetSuite. NetSuite is an all-in-one solution to meet the needs of growing businesses. No longer will you have to purchase this application to handle this task and another application to handle that task… NetSuite is a complete solution for an entire business. 

Not only will you have everything you need to effectively and efficiently manage all your business’ operations and key functions, but you’ll also be able to get an overall view of how well your business is performing, giving you a real-time projection of growth.

NetSuite
NetSuite is the affordable solution to meet business expansion needs. It has the best business consultants. Pixabay

Cost-Effective Investment

As a growing company, the business owner is going to be very cautious about the new enterprise software they invest in. They don’t have the time or money to be wasted and that is the very reason why businesses turn to NetSuite. NetSuite is the affordable solution to meet business expansion needs.

Where a lot of the costs come in with traditional ERP systems is with the internal servers but because NetSuite is cloud-based, there is no need for business owners to shell out extra cash for hardware, let alone investing in an in-house IT team. The best part is that with NetSuite, it can take a few months to implement, whereas, with traditional ERP systems, it can take as long as an entire year, making NetSuite very cost-effective.

Also Read- Microsoft Cancels ‘Build 2020’ Conference in US

Conclusion

It doesn’t matter what industry your business is in, if you own a business that is rapidly growing and you’re looking to expand, you’re going to need a system that is designed and engineered for scalability and growth. 

To have a smooth expansion process, businesses turn to NetSuite to streamline all their business processes and key functions without the hassle of siloed applications. NetSuite has everything you need in one place.

Next Story

Don’t Buy Your Wine Without Tasting it

Try your wine before you buy it

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wine
The idea behind the dispenser was to make wine less intimidating. Get people in a way to interact with the machine and figure out what suits their palate," says Abhay Kewadkar, who worked with a start-up to bring the concept in India. IANS

BY PUJA GUPTA

The concept of ‘try before you buy’ applies most to wines.

It’s best to take a few sips before you spend on bottles, and this is possible with the help of wine dispensers – an apparatus which allows people to try up to five varietals of wines, enabling you to buy and pay for as little as 30ml v/s paying for a full glass which is 120 ml.

Wine dispensers also “give people the freedom to try more wines. The idea behind the dispenser was to make wines less intimidating. Get people in a way to interact with the machine and figure out what suits their palate,” says Abhay Kewadkar, who worked with a start-up to bring the concept in India.

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Kewadkar is the Managing Director of Tetrad Global Beverages Pvt Ltd, one of India’s first winemaker and owner of a label of Wines Early Dark made in collaboration with 5th generation winemakers from France.

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To pair with some of the Indian Cuisine, red wine is a good choice as it can take some level of spice. IANS

In a conversation with IANSlife, Kewadkar shares details of the benefits of dispensers and their availability, along with some wine trends.

Excerpts:

What made you introduce the concept of a wine dispenser in India?
Kewadkar: Wine dispensers have been introduced to give people the freedom to try more wines before they decide which ones they like. The dispenser allows one to try as little as 30ml and enjoy the experience of tasting various varietals in small quantities, before deciding which one they they prefer or would like to pair with which course of the meal. This gives one the chance to also learn about different vairents and understand wine in a fun way without feeling intimated by the presence of a third person.

What sort of benefits can these dispensers bring to the market and how well do you think it will be accepted in the industry?
Kewadkar: The dispenser hopefully will get even non wine’s drinkers to try a few varietal because they want to play with a new gadget. The whole “try before you buy” idea will see more people coming forward. If people feel encouraged to taste and understand wine, in the long run it will help the category grow. At present wine drinkers are the smallest segment in India. With an innovation like the dispenser, there is opportunity that this will change and give the industry a big boost.

How will customers benefit from this?
Kewadkar: The idea behind the dispenser was to make wines less intimidating. Get people in a way to interact with the machine and figure out what suits their palate. The dispenser acts like the consumers personal sommelier encouraging one to try and understand wines. So it is a great tool for educating and and creating awareness about this magnificent drink. Enabling customers to buy and pay for as little as 30ml v/s paying for a full glass which is 120 ml.

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How many varietals or bottles of wine can the dispenser store/stock?
Kewadkar: Currently, the ones we have got built stores up to 4 varietals of wines.

Where is it available currently and, which cities do you plan to take it to?
Kewadkar: At present, we have installed these dispensers in some star rated hotels and prestigious Clubs of Bangalore; we will soon be launching in other parts of the country like Kolkata and Mumbai.

wine
Wine dispensers have been introduced to give people the freedom to try more wines before they decide which ones they like. IANS

As a veteran in the space with over 3 decades of experience, where do you see the Indian wine industry in 5 years?
Kewadkar: Considering its acceptance and people constantly experimenting and introducing something or the other almost every other day, I feel we can expect the wine consumption to double in next five years.

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How have you seen people’s taste evolving in India when it comes to wines?
Kewadkar: The major consumption of wine in India is still as an aperitif. From the point of view of the Indian palate, the preference is still towards sweeter, less acidic wines when it comes to White wines and softer well rounded Red wines and Bold/Tannic wines. The off dry Rose is quite popular. The Cabernet Sauvignon is another varietal people have started going for. To pair with some of the Indian Cuisine, red wine is a good choice as it can take some level of spice owing to the structure of wine and make it a very enjoyable experience.

Also Read- Cancer Patients Work Together to Make Surgical Masks in Kyrgyzstan

What are the wind trends for 2020?
Kewadkar: I feel the demand for sustainably grown grapes and handcrafted wines in small batches from lesser known wineries will gain popularity. The new wine drinkers also look at labels when they select wines, labels which give information on the variety of grape, its origin, the vintage and terroir. (IANS)