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What is ERP?
Transform, Integrate and Scale Businesses
Enterprise resource planning (ERP) systems have become a critical tool for businesses over the past several decades. The central feature of all ERP systems is a shared database that supports multiple functions used by different business units. An ERP solution automates critical business processes and serves as a shared database for all financial and operational information from across the company. It pulls this data from a number of modules built to help various departments, from accounting to supply chain to human resources, perform their individual functions.
What is Cloud ERP?
Reduce cost, scalability and better security
Cloud ERP is an enterprise resource planning (ERP) system that runs on an ERP vendor’s cloud platform as opposed to an on-premises network, allowing organisations to access over the internet, all that’s needed is connection and a browser. ERP software integrates and automates essential financial and operational business functions and provide a single source of data, including inventory, order and supply chain management and help with procurement, production, distribution and fulfilment.
Cloud-based solutions not only make ERP software more affordable, they also make these systems easier to implement and manage. Perhaps even more importantly, cloud ERP enables real-time reporting and BI, making them even valuable to executives and staff seeking visibility into the business.
The business value of ERP
- Real-time insights from automatically generated reports, enhancing business decision-making
- Reduced operational costs by streamlining processes and adopting best practices
- Stronger collaboration as teams share data across functions like contracts, requisitions, and purchase orders
- Increased efficiency through a consistent user experience and standardized workflows across the organization
- Unified infrastructure that supports both front-office and back-office operations with a cohesive interface
- Improved user adoption due to a familiar and intuitive design
- Lower risk with better data accuracy and stronger financial controls
- Cost savings in both management and operations thanks to integrated and standardized systems
Key features of ERP
Accounting software
Transform your general ledger, optimise AR, automate AP and streamline tax management. Get a complete view of cash flow and financial performance.
Financial Management
Expedite daily financial transactions, accelerate the financial close process and ensure compliance. Get a complete, real-time view of your business’s financial performance, from a consolidated level down to individual transactions.
Global Business Management
Oracle NetSuite OneWorld helps companies manage global operations, including multiple currencies, taxation rules and reporting requirements, across geographies and subsidiaries, all while providing real-time financial consolidation and visibility.
Inventory Management
Automate the management of your inventory. Keep inventory costs low while meeting customer delivery expectations. NetSuite delivers tools for tracking inventory in multiple locations, determining reorder points, managing replenishment and optimising safety stock.
Order Management
Streamline order processing by eliminating manual bottlenecks, preventing errors and establishing a smooth flow from sales quote to order fulfillment. The result: timely invoicing and payment.
Supply Chain Management
Where an item is produced or stored shouldn’t keep a business from meeting customer needs. Oracle NetSuite eases the process of moving goods or materials through an extended supply chain.
Warehouse Management
Optimise warehouse operations with RF-device-directed putaway and picking tasks, driven by customised, user-defined strategies and advanced capabilities like wave management, cartonisation, cycle count planning, real-time inventory updates and shipping system integrations.
Procurement
Streamline order processing by eliminating manual bottlenecks, preventing Buy goods and services at the best price and in a timely manner. Save time, reduce costs and improve visibility into spending and vendor performance by centrally managing procurement. Ensure clear communication throughout the procure-to-pay process. and establishing a smooth flow from sales quote to order fulfillment. The result: timely invoicing and payment.
The #1 Cloud ERP covering accounting / ERP, CRM and ecommerce
Oracle NetSuite Cloud ERP is the world’s leading provider of cloud-based business management software. Oracle NetSuite helps companies manage core business processes with a single, fully integrated system covering ERP/financials, CRM, ecommerce, inventory and more. Oracle NetSuite was built for the cloud and serves small to midsized businesses across all industries, offering real-time insights, better customer service and reduced supply chain costs by integrating and automating essential financial and operational functions. Learn how Oracle NetSuite Cloud ERP can take your organisation to the next level.