5.5 (part 2) questions - Coursework Example

NetSuite’s NetSuite NetSuite’s NetSuite Netsuite is a significantly comprehensive business solution capable of performing nearly everything that a business needs. Examples of the components of this solution that are related to the manufacturing sector include inventory tools that allow a firm to manage inventory or display photos relating to the inventory items, job costing tools that allow for management of every task and setting each of the tasks as active and inactive. In addition, it will be possible tracking jobs in order to view task progress and reporting tools which offer widespread reporting capabilities and simplified access to summaries relating to sales and marketing.

In the manufacturing sector, the experience of Harvey Maria seems to be interesting as far as the benefits of NetSuite is concerned. First, it provides a way for the company to run the accounting, ecommerce, stock levels, accounting as well as data on just one cloud platform (Gibson 2012). Second, automation of main business processes via NetSuite frees up the useful time to have a company’s business developed in a strategic manner with a refreshed focus on the corporate development projects and new designer ranges.

Third, the application can contribute to increase in client satisfaction levels considering that the staff can be in a position to gain instant access to information to provide answers to enquiries. Netsuite can be recommended for small businesses because it is possible using the solution in the way they require. They will be able to have the software outgrown just like quickbooks. Besides, NetSuite can allow access to real time financed-based figures and this goes a long way reducing paperwork and thus can increase efficiency.

Such a manner of operation renders a small business to stand higher chances of expansion. ReferenceGibson, Charles H. (2012). Financial Reporting and Analysis + Thomsonone Printed Access Card. South-Western Pub.