Webbee global

The Future of NetSuite ERP for Multiple eCommerce Operations and Businesses

NetSuite
December 2, 2022

Key Highlights:

  • About ERP Integration
  • Recent Trends of NetSuite ERP
  • Other Technologies Integrated with NetSuite Integration
  • About eCommerce Automation
  • What is the future of NetSuite ERP ?
  • How to automate your eCommerce Businesses ?
  • Conclusion

NetSuite is a business technology provider with applications for financial management, multi-channel sales, eCommerce, Customer Relationship Management (CRM), and Professional Service Automation (PSA). NetSuite offers Software as a Service (SaaS) and cloud-based solutions to customers and experts. Additionally, it provides platforms and tools for developers. Several new and emerging businesses use applications from NetSuite to manage their inventories and perform ERP solutions. 

ERP, or Enterprise Resource Planning, is a company management tool that unifies various departments and functions into a single system to automate several business operations, streamline the data, and synchronize reports across all your business platforms. NetSuite ERP integration with your eCommerce platforms enables several features like supply chain and demand planning, inventory management, automated fulfillment, order and billing, and financial planning. It provides broad accounting and financial administration features with a fully integrated HCM solution. Moreover, ERP is multi-lingual and also comes with a multi-currency system. Anyone can use it in any part of the world. Also, its cloud-based architecture makes NetSuite easily accessible on any device with the internet. Some platforms like native iOS, web apps, and Android are present in the NetSuite to maximize performance.

Recent trends of NetSuite ERP

Currently, ERP solutions have undergone development. They have widened their scope to support most business operations, from front-office activities like automation of several business functionalities to back-office functions like HR, accounting, manufacturing, etc. 

Moreover, you can opt for ERP integration with eCommerce to reduce costs by eliminating unnecessary procedures, automating tedious work, and giving your employees access to vital data to make better decisions faster, ultimately expanding your business.

Cloud-based ERP

Although the cloud-based feature of NetSuite isn't exactly the latest trend, using this software with your business eCommerce site is almost revolutionary. Previously, most of the ERP systems were exclusively available as on-premise solutions and set up with hardware charges; therefore, they were quite expensive for smaller and newer firms.

But with the emergence of NetSuite as a cloud-based ERP system, more and more businesses are opting for it as it has become more cost-effective. Thanks to the new technologies, you don't need to worry about costly system maintenance and updates. Thus, you will have better control over your budget as you can choose the modules you need.

Moreover, the NetSuite ERP system now balances the benefits of on-premises and cloud-based ERP by addressing their shortcomings. It is now perfect for companies focusing primarily on their products and assets. If you want your business to grow, NetSuite ERP is what you should opt for if you haven't already.

Multi-tier ERP

At first, many businesses attempted to implement a single ERP system for their corporate and regional offices. But, this method is ridiculously expensive, and new businesses found it very difficult to adopt because the subsidiaries had unique needs regularly. Therefore, the multi-tier NetSuite ERP is emerging as a top trend for major online businesses. 

With NetSuite eCommerce integration, you can take advantage of your current ERP system investments at the corporate level. At the same time, the subsidiaries can use a separate ERP solution that is cloud-based. While smaller company divisions can utilize the systems that cater to your particular needs, larger businesses can use the primary NetSuite ERP for financials and other business operations. 

Other technologies integrated with NetSuite ERP

According to the latest news regarding ERP, Artificial Intelligence or AI is bound to get integrated with NetSuite. Most of our day-to-day things are now built with AI-infused technologies, which makes our lives easier. So imagine NetSuite with AI integration. Already, NetSuite is providing eCommerce businesses with a single interface and automation. In the future, NetSuite will provide all businesses with a major competitive advantage through its cutting-edge data processing. The first step is to transform company data into useful insights. Intelligent technology integration with NetSuite ERP is called ERP.

Numerous business procedures can now benefit from automation and improvement, thanks to AI. AI, or machine learning, can enhance labor and supply delivery schedules to boost output and reduce costs. Your organization can rely on AI to deliver insightful business intelligence as you collect more operational and customer data than ever before. AI can scan huge amounts of unstructured data and then swiftly recognize patterns and create forecasting of several trends, which manual labor can never do.

Other technologies and NetSuite integration solutions 

Contemporary ERP is an important part of a company's smart transformation, but it is only a small part of a larger technological investment. Many new businesses are now combining their business software with other emerging technologies like IoT (Internet of Things) to enhance key operations. You can combine your eCommerce business with NetSuite integration to enhance the workflows associated with online orders. This integration updates inventory levels, immediate initiation of order fulfillment, and records payments, returns, and refunds. 

Also, the partnership of social media and ERP, which has emerged recently, will continue to grow, and you can gain a deeper insight into your audience and improve your digital marketing tactics and customer experience by gathering all your customers' social media activity in one place. This integration will also enable you to learn about the sales process. 

ECommerce automation

Automation of eCommerce is a type of software designed to transform operations, procedures, and marketing within your company into an automated process that responds intelligently and at the appropriate times. In this way, you can make better use of your resources. 

Time is the most valuable resource you can give your team and yourself through eCommerce automation. More than that, it frees up your teams to focus on high-value tasks necessary in the current environment, such as restraining employees in new fulfillment procedures, contingency planning, resolving HR issues, negotiating new supplier agreements, sales, and marketing, experimentation, etc. 

How to automate your eCommerce business?

Integrating the channel with NetSuite ERP is one of the best ways to automate your eCommerce business. As already mentioned, NetSuite is a cloud-based software that provides you with all the ERP advantages you may otherwise lack, with automation being the most significant. It doesn't matter what kind of eCommerce platform your business is built upon, be it WooCommerce, Shopify, Big commerce, HubSpot, Magento, or Amazon FBA, or even if you have a multi-channel business. eCommerce integration with NetSuite will enable you to gain one platform on which you can manage all your channels. 

All you need to do is use an integration app to integrate your business store with NetSuite and permit the automation you want, and NetSuite will handle everything else. You can automate accounting via NetSuite, enabling NetSuite to immediately transfer the data concerning payments, returns, and refunds across all your sales channels. It can also automate the invoicing process. Managing accounts is a very hectic task for your employees, and manual labor is also prone to mistakes, customer dissatisfaction, and tax problems. With eCommerce integration to NetSuite, you can automate the entire accounting procedure and save time and cost. Moreover, automation will prevent calculation mistakes and immediately update the information across your sales channels, ultimately improving business efficiency and customer satisfaction.

Another important aspect of the NetSuite eCommerce integration is that you can automate inventory management and create a supply chain forecast. Inventory management is the ordering, stockpiling, and fulfilling of assets as a step in the supply chain. Inventory management means keeping track of the products bought from suppliers, their status, tracking location, and fulfillment to customers. This is where NetSuite enters and helps you to automate the entire process. You can use NetSuite to administer your complete company, but as an advanced cloud-based system, NetSuite excels at managing stock items irrespective of their storage locations. Using NetSuite's inventory management features, you can better predict a particular product's demand, know how much stock you have, where the product is, how your customers can access it, and how you can place reorders. This will prevent your customers from placing an order for a product that is out-of-stock.

You can also automate your sales force with NetSuite. Thanks to NetSuite ERP integration, you will have power, agility, and ease in managing your sales staff. With NetSuite, you don't have to switch between your multi-sales channels to maintain contacts, report forecasts, and receive commissions. You can save time using NetSuite's integrated SFA and finance functionalities rather than exporting data between two or several programs. NetSuite will handle every step of your sales process, from customer acquisition to lead administration and from business prospects to transactions. 

NetSuite and eCommerce connection is not as complicated as before because of the emergence of several eCommerce integration platforms or applications built into various eCommerce sites like Shopify, WooCommerce, BigCommerce, etc. These apps sometimes work like add-ons that allow your eCommerce business website to connect with NetSuite and enjoy all the ERP benefits. Since most of these apps are in-built, you don't need to spend too much time searching for them. One such integration app is the Robust NetSuite Integrators for eCommerce sites by WebBee. This user-friendly application comes with a step-by-step manual and onboarding assistance, which needs only a few clicks to begin. These Integrators enable automatic data processing between NetSuite and other eCommerce sites for enhanced inventory, order, sales, fulfillment, and invoicing management. 

What is the future of NetSuite ERP?

NetSuite ERP solutions are now advanced enough to help new and smaller businesses gain a competitive edge in the market and witness growth quickly. If you have a smaller firm, you can benefit from technological breakthroughs like cloud technology, modular systems, and other advantages. The fact that both large and small businesses now have access to these technologies is also advantageous since they might help maintain business continuity and efficiency in the future. Also, the ever-changing and continuing ERP trends will attract more and more businesses to integrate their eCommerce sites with NetSuite.

Moreover, the immense number of cost-effective advantages that NetSuite brings to your business will help make up your and other business owners' minds to search for an integration platform for NetSuite and eCommerce connection. To manage client interactions across various channels and touchpoints, NetSuite is a single integrated cloud solution. Since NetSuite has both CRM and ERP, the data synchronization is excellent. It's a full ERP with CRM that keeps track of business administration and customer information. 

Moreover, the simple automation of various business operations, which were otherwise tedious manual jobs, makes NetSuite integration save time and reduce extra costs that you can use to expand your business. NetSuite automates several complicated processes like inventory management, accounting, invoicing, etc., and NetSuite's ability to synchronize all the information automatically across all of your business channels, even Amazon FBA, will enhance its popularity in the future. Plus, the NetSuite integration with IoT and AI is something worth the wait. 

Also, the eCommerce integration with NetSuite will enable businesses to continue to put more effort into ensuring that their ERP software is prepared for remote work. Additional mobile ERP capabilities, support for online training, secure wireless connectivity, and process automation are a part of this. Another development to keep an eye on is the further development of ERP supply chain and demand planning management capabilities to defend the business against supply chain interruptions or other quick changes in the state of the global economy. 

Conclusion

ECommerce integration with NetSuite is one of the best things to happen for an online business based on an eCommerce site. Moreover, NetSuite ERP sees advancement in its technologies; you can ensure that it will bring feasibility to various business operations in the future that will lead to business growth for both small and large businesses cost-efficiently. The major benefit of NetSuite integration includes the automation of various hectic business operations that reduces mistakes and extra labor, making your business more professional and enabling customer satisfaction.

NetSuite eCommerce integration is perhaps the best method of securing and automating your business and helping it grow. You can use the Robust NetSuite Integrators by WebBee for all eCommerce sites, including Amazon, for flawless and quick integration for multi-channel integration. 

Get Your NetSuite Integration Free Plans Now !!