NetSuite OneWorld Benefits

HP
VP of Operations at a manufacturing company with 11-50 employees

The product would see the sales order, understand the requirement, and it would generate demand, and then generate purchase orders. It could also generate work orders if it had a labor component associated with it. From the work order, you could generate POs. Basically, it saved a lot of redundant entries from that perspective. It saved us time and allowed for customizations that helped us with workflows.

In the sales orders, we were able to create custom fields so that we could measure our performance against promise dates. What we did was we created custom fields and there was some scripting behind that, which is one of the reasons we used NetSuite. We could put in the customer's original expected date, what our promise date was, and then measure against how we performed. 

If that date was missed, we could then, in a third data field, put in the new date and a reason code. We made that mandatory, so that this way if any dates changed, we knew why. We were able to measure vendor performance against those dates, customer changes against those dates, and our performance against those dates. It was very helpful from that perspective. Having good dates allowed us to also do better cash projections in terms of shipments and invoicing.

It saves paperwork down the line. The only purchase orders that had to be done by purchasing were those that were planned. We had ongoing projects, yet only the planned orders needed to be purchased. Rather than reduce headcount, we were able to take the buyer who was working on the planned or the non-planned purchases and retrain them as an inventory analyst, so that we could focus more on the planned purchases. 

It enabled us to really align the skillsets and the needs that we had as the business evolved as a result of the digital transformation. It really facilitated that ability without having to add headcount. We simply retrained. We didn't need to reduce headcount as all part of a growth strategy.

What I would also add is that it not only saves redundant entry there, but it saves redundant entry as it goes through to the fulfillment side on the logistics as all the information's already there. There's nothing to be reentered. When it comes to the invoicing, again, there's nothing to be reentered. It's all pulled from the sales order. In the end, you have a 360-degree view of all the related documents. Finding related records, POs, sales orders, invoices, fulfillment records was easy due to the fact that they were all connected.

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MC
Consultant at Infervise

The utilization of NetSuite OneWorld has greatly benefited me in a multitude of ways. As someone who works in accounting, I am often required to produce consolidated financials at the end of each quarter or month. Without the aid of NetSuite OneWorld, I would have been forced to resort to a subpar system or use Excel. This system has proved to be unparalleled in the mid-market industry that I cater to, which focuses on small to mid-sized businesses. In the past, I have had to manually consolidate financials using Excel, but with the help of NetSuite OneWorld, I am able to effortlessly extract the necessary information and present it in a streamlined manner.

Additionally, using the solution resulted in substantial time savings. The greatest advantage offered by the NetSuite OneWorld platform lies in its ability to perform currency exchange conversions, calculate the currency translation adjustment, and book it directly to equity. The process is made even simpler as all that is required is to transfer the information to Excel and perform a reconciliation with the supporting documentation. The system is user-friendly and provides a streamlined experience for those utilizing it.

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MV
Consultant at RDM Tech Solutions

NetSuite OneWorld is beneficial for my company as a single source of truth, which means it can integrate all business functions into one ERP system. Everything is real-time, whether the data or reporting. NetSuite OneWorld is very beneficial.

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Buyer's Guide
NetSuite OneWorld
March 2024
Learn what your peers think about NetSuite OneWorld. Get advice and tips from experienced pros sharing their opinions. Updated: March 2024.
765,386 professionals have used our research since 2012.
GH
Director at a consultancy with 1-10 employees

NetSuite offers a great many advantages, including a cost of about third of the traditional pharma manufacturing ERP packages. As long as the pharma group is doing CMO manufacturing and 3PL distribution, NetSuite is a great solution, fast to bring up and makes everyone's life easier. 

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KS
Director of Finance at a construction company with 51-200 employees

The executive dashboards have satisfied the founders and leadership with up to the minute information. This allows them to make high level decisions.

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AA
Director of Information Systems at a energy/utilities company with 51-200 employees

Cloud access enables our distributed workforce to collaborate.

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AL
Territory Manager LATAM at LeaseWeb

I’m a NetSuite implementer consultant and have implemented in various organizations, I think the biggest benefit has been providing serious and powerful software to small and mid-sized companies at a cost they can afford and improving their operations, that in the past were not integrated into a single tool.

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it_user783078 - PeerSpot reviewer
NetSuite Administrator and DBA at a marketing services firm with 501-1,000 employees

Improved our ability to manage projects, budget, related expenses, and accurately bill our customers for time and materials. Also, we improved our reporting ability considerably.

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Buyer's Guide
NetSuite OneWorld
March 2024
Learn what your peers think about NetSuite OneWorld. Get advice and tips from experienced pros sharing their opinions. Updated: March 2024.
765,386 professionals have used our research since 2012.