Driving Market Leadership and Growth with NetSuite Cloud ERP
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As companies gear up for growth in 2015 and beyond, a lack of visibility across the enterprise can impact the ability of finance leaders to deliver on company growth initiatives and meet key strategic objectives.
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Driving Market Leadership and Growth with NetSuite Cloud ERP
- 1. Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals Driving Market Leadership and Growth with NetSuite Cloud ERP
- 2. Announcing Proformative Academy: • LMS with on-demand video courses taught by senior practitioners • Over 180 finance and accounting courses - adding a course every day! • CPE for CPA, CMA, CTP, FP&A, CRMA and CIA Welcome to Proformative “Proformative is the leading professional development resource for every member of the Office of the CFO” Check it out at www.ProformativeAcademy.com
- 3. Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals Driving Market Leadership and Growth with NetSuite Cloud ERP Larry McMahon, Solution Consulting Manager, NetSuite Kishore Bhamidipati, Director of Product Marketing, NetSuite
- 4. Agenda 1 Introductions 2 NetSuite Overview 3 What do CFOs want? 4 NetSuite product demonstration 5 Q&A
- 5. NetSuite: World’s #1 Cloud ERP Background • Publicly traded on NYSE: “N” • 3000+ employees • $414.5M revenue in FY13 • $556.3 M revenue in FY14 Performance • Used by 24,000+ organizations • Fastest growing top 10 FMS WW • Used across 150+ countries #1 Cloud ERP Suite • VISION: NetSuite transforms how businesses operate so they can achieve their business vision. • MISSION: NetSuite provides companies around the globe, cloud- based, unified systems that deliver unprecedented capabilities to drive their business.
- 6. • Get a clear picture of bookings, billings, backlogs • Reduce spreadsheet based accounting • Scale up to support the growth in sales orders • Provide same visibility to all • Reconcile versions of data • Integrate front and back office processes Why can’t we still do this? Over time: more money, more resources, more integrations
- 7. A typical application journey • Started with QuickBooks or MS Dynamics • Added Excel for analytics • Added Act, Goldmine, or Salesforce.com • Built a homegrown website • Add more seats • … Over time: more money, more resources, more integrations
- 8. Cloud Suites Simplify Business Processes and IT On-Premise Do It Yourself HARDWARE License Maintain Patch Replace DESKTOP OS License Maintain Patch Replace SERVER OS License Maintain Patch Replace DATABASE License Maintain Tune Upgrade APPLICATION License Back-up Upgrade Migrate Financials CRM HARDWARE License Maintain Patch Replace DESKTOP OS License Maintain Patch Replace SERVER OS License Maintain Patch Replace DATABASE License Maintain Tune Upgrade APPLICATION License Back-up Upgrade Migrate Ecommerce HARDWARE License Maintain Patch Replace DESKTOP OS License Maintain Patch Replace SERVER OS License Maintain Patch Replace DATABASE License Maintain Tune Upgrade APPLICATION License Back-up Upgrade Migrate Cloud Suite Suite(ex:NetSuite) HARDWARE DESKTOP OS SERVER OS DATABASE APPLICATION Subscribe
- 9. Why Today’s Businesses Choose NetSuite Designed for Modern Business Flexibility Built In Business Intelligence For All Commerce-Ready System It Just Works
- 10. MANUFACTURING WAREHOUSE MANAGEMENT SUPPLY CHAIN MANAGEMENT ERP INVENTORY MANAGEMENT SRP TIME & EXPENSE PROJECT ACCOUNTING PROJECT MANAGEMENT RESOURCE MANAGEMENT CORE BUSINESS CUSTOMER MANAGEMENT ORDER MANAGEMENT GLOBAL FINANCIAL MANAGEMENT BILLING MANAGEMENT REVENUE MANAGEMENT CFO Sales Rep/ Manager Consultant / PS Director CEO Merchandis e Manager Shipping Manager Vendors Customers Partners External Systems
- 11. • Gain & Leverage Enterprise Wide Financial & Operational Visibility • Enable Finance to Build Better Relationships across Departmental Lines • Create Custom Dashboards to Drive Performance across Various Functional Areas including HR, Sales, and Marketing Introduction to the demo – what do CFOs want?
- 12. Thank you for your interest in this presentation. View the on-demand webinar or download the full presentation at: www.Proformative.com Driving Market Leadership and Growth with NetSuite Cloud ERP
Hinweis der Redaktion
- Here’s the agenda for today. I shall start by introducing my co-presenters. I will then take about ten minutes to introduce NetSuite and our take on why it makes sense to move your Financials to the cloud. We shall then have a panel discussion with our guests followed by product demo. We will wrap today’s webinar with a Q&A session.
- Let me start by introducing our company. NetSuite is the world’s #1 cloud ERP solution. We are a publicly traded company with a revenue of ~$414.5M $ in fiscal year 2013 and over 3000 employees. Over 20000 organizations use NetSuite to run their business across 150 countries and we have been recognized as the fastest growing top 10 Financial Management Solution globally.
- This is 2014 and everybody is able to share pictures, videos, music and their lives! around the globe instantly BUT...if you are in the Finance department of any reasonable size organization, you might as well be in stone age! Why? Because you still can’t do this! You can’t get a good view of your accounts. You are drowned in an ocean of spreadsheets! You know you are in no place to scale to support your company’s growth…and the list goes ON and ON and ON. Bottom line, you just spend more money and resources at a problem that simply cannot be solved by that approach.
- But why is it the case? Because you are perennially reconciling data from multiple sources via EXCEL! You start with somebody’s favorite solution to run one aspect of your finances. Meanwhile, somebody else begins to use EXCEL for analytics because God knows Dynamics doesn’t support Analytics at the level you want! And time goes by and you add a variety of these other piece meal solutions to address specific requirements. As a result, as a Finance executive, you struggle at the end of each fiscal period to get a view of your performance – you and your team have to jump through hoops to get an accurate read on your company’s fiscal data. In addition, adding a new office region, new product line, new sales channel are all dreadful thoughts because you know the pain is only going to magnify in proportion to your growth! To make a long story short, over time, you throw more money, more resources and more band aids at a fundamentally broken system which you know is not going to get better unless you take a radically different approach. Well, what is that approach?, you ask.
- We at NetSuite believe a cloud-based suite is truly the way to address all of the problems I just mentioned. Because, as you see, then more on-premise peicemeal solutions you adopt, the more money you are spending on hardware, operating systems, maintenance, human resources, etc. etc. And you do that over and over again for each business function. On the other hand, moving to a cloud based suite allows you to adopt a subscription based model which means you save valuable cash which you can use to grow your business instead of IT resources. Plus, adopting a suite means, you can work with a single vendor who provides a single, integrated platform so you don’t have to worry about integrations and your customizations, ever again!
- TALK TRACK: So what is driving this growth and why are businesses choosing to build with NetSuite? Comes down fundamentally to these 5 tenants – Designed for Modern Business: Built from the ground up as an easy-to-use Cloud solution, NetSuite transforms both the accessibility of your systems as well as the capabilities it delivers to your organization and beyond to your partners and customers. We’ll talk more about that shortly Flexibility is Built In: So as your business changes, you can change your business system. Imagine that. And unlike the old-guard, configuration and customization are not dirty words that require an army of developers or lock you in to a single version with no prospect of an easy upgrade Business Intelligence is For All users: Real-time analytics IS the UI of NetSuite so everyone knows exactly what tasks they should be focused on and get actionable insight that helps them move the business forward strategically NetSuite comes Commerce-Ready: Let’s face it – commerce is changing every industry today and if you’re not already thinking about it, you will be in the very near future. You need a core business system that can easily become your customer- (or partner- or vendor-) facing commerce system It Just Works: With 20,000+ organizations running on NetSuite, we have a proven track record of strong financials coupled with delivering a secure, scalable solution. We’re here today to invest in our future together for tomorrow.
- DIRECTIONS: Adjust the names of the systems on this slide to more accurately reflect what you know of the prospects business / systems landscape. Also adjust the roles that would be interacting with the system to match the use-cases they would be most interested in, depending on their business type. TALK TRACK (if pitching the Suite): What you need instead to stay competitive in today’s world is a modern system that is designed more holistically around all your business processes. From the core of your customer, financial and billing operations on out. [CLICK] That allows you to manage all the components of your PRODUCT-based business – from manufacturing to inventory to distribution [CLICK] In addition to your SERVICES-based business – from first bid to resource management to optimized billing [CLICK] That allows all your internal stakeholders to easily access information in a way that’s tailored to their specific role [CLICK] But its not just about your employees, its also about extending access out to your customers, partners and vendors as well as any external systems you may want to automate access for in the future.