Business professional holding a glowing cloud computing icon with connected file folders and security symbols, representing a move from Xero to NetSuite cloud ERP.

From Xero to NetSuite: The Natural Next Step for Finance Leaders

by NetSuite ERPNetSuite Financial Management
Business professional holding a glowing cloud computing icon with connected file folders and security symbols, representing a move from Xero to NetSuite cloud ERP.
  • NetSuite ERP, NetSuite Financial Management

When a business is small, entry-level accounting tools like Xero are hard to beat. They let you accept payments, manage invoices, track expenses and file VAT returns with minimal fuss. The interface is friendly, the price is reasonable, and it does exactly what a small company needs. 

But growth changes everything. More customers, more staff, and expansion into new markets create demands that basic software can’t always handle. Finance teams often start leaning on spreadsheets, buying add-ons, or spending hours pulling together simple reports. What once felt easy begins to slow you down, and your team ends up working around the system instead of being supported by it. 

If that sounds familiar, it may be time to look beyond Xero. For many finance leaders, the natural next step is NetSuite, a full cloud-based ERP platform designed for companies that have outgrown small-business tools. In this blog, we’ll look at the common signs it’s time to upgrade, the key benefits of NetSuite, and how to make the switch smoothly.  

Why businesses outgrow Xero

Outgrowing Xero isn’t a failure – it’s proof that the company is thriving. Challenges appear when you need to handle multiple entities, currencies, or large transaction volumes. Reporting slows, audit controls feel thin, and automation is limited. Manual workarounds and missed integration opportunities soon become routine. 

When your business reaches this stage, the need for a more advanced platform becomes clear. Handling group structures, global operations, and high transaction volumes calls for deeper automation, stronger reporting, and built-in audit controls. Moving to a comprehensive ERP like NetSuite allows growing companies to replace multiple disconnected tools with a single, scalable system – removing manual workarounds and supporting long-term growth. 

Knowing when it’s time to upgrade 

Deciding when to upgrade is as important as choosing the software itself. Clear warning signs include: 

• Month-end close that gets slower every cycle 

• Expansion into overseas markets with multiple currencies 

• Complex structures such as subsidiaries or franchises 

• The need for consolidated reporting after mergers or acquisitions 

• KPI calculations that require multiple exports and pivot tables 

If any of these sound familiar, your finance software is probably holding you back. A more comprehensive platform like NetSuite gives teams real-time data and the ability to support growth instead of chasing it. 

NetSuite ERP benefits 

Moving from Xero to NetSuite is more than a software upgrade. It’s a shift to an enterprise-level system that grows with you. Key advantages include: 

A) Scalability and flexibility 

NetSuite is built to handle complex structures and international growth. Local tax rules, languages, and legislation are supported out of the box, so the system evolves as your business expands. 

B) End-to-end automation 

A thoughtful NetSuite implementation removes repetitive tasks such as manual reconciliations and data entry. With automation in place, finance teams can focus on forecasting, planning, and providing strategic insight instead of chasing errors. 

C) Advanced reporting and real-time insights 

Custom dashboards and powerful analytics give finance leaders reliable data when they need it – no need to juggle spreadsheets or wait for overnight updates. 

D) Unified operations 

NetSuite covers accounting, supply chain, CRM, and more within one platform. Finance teams work from a single source of truth, and you can add modules when needed. 

E) Compliance and audit readiness 

Keeping up with tax and regulatory changes is easier when your software updates automatically. NetSuite helps produce audit-ready financials and stay compliant across regions without extra manual work. 

Working with NetSuite ERP partners  

Growing companies eventually reach a point where entry-level tools can’t keep up. Moving from Xero to NetSuite isn’t just an upgrade – it’s an investment in a platform built to scale, automate, and give finance leaders the insight they need. With the right guidance and a trusted UK partner, the transition can be straightforward and the benefits immediate. 

Switching systems can feel daunting, but experienced NetSuite ERP partners help make the process easier. The right partner will plan the rollout, configure the software for your industry, and provide NetSuite training so your team can make the most of every feature. 

If your company has outgrown Xero, exploring NetSuite is a natural next step. At OSSM, we work with businesses across the UK to deliver tailored implementations that fit real-world finance operations. Our team understands both the technology and the pressures on modern finance leaders, and we take a collaborative approach from planning through training and beyond. 

Getting started with NetSuite 

Ready to explore your options? Book your free ERP consultation to meet with an expert who can review your current setup, highlight system gaps, and share practical recommendations for improving efficiency, visibility, and control. 

About the Author

Picture of Ray Ryan

Ray Ryan

Ray Ryan is the CEO of the Noledge Group.

With over 30 years of experience in the software industry, Ray's expertise spans from Unix systems to modern cloud ERP solutions. As CEO, he leads the Noledge Group in delivering cutting-edge technology that simplifies business operations for our clients.

White hard hat on a desk with construction professionals discussing plans in the background, symbolising the benefits of construction ERP software.

How Financial Software for the Construction Industry is Reshaping the Future of ERP

by ConstructionNetSuite Financial Management
White hard hat on a desk with construction professionals discussing plans in the background, symbolising the benefits of construction ERP software.
  • Construction, NetSuite Financial Management

In the UK, the construction industry is under mounting financial strain. With tight margins, increasing material costs, and labour shortages, firms face the constant challenge of protecting profitability. For many, reliance on spreadsheets or disconnected legacy systems no longer provides the clarity needed to manage these pressures.

This is where construction ERP software is transforming the way businesses operate. Cloud-based solutions are emerging as the go-to choice for improving visibility, controlling costs, and helping construction firms scale with confidence.

At OSSM, we work with companies across the sector. NetSuite for Construction is a purpose-built ERP that brings together financials, procurement, projects, and reporting in one seamless system. In this blog, we look at the financial realities facing construction firms, why ERP is becoming essential, and how automation can support long-term success.

The financial reality for construction firms

UK construction companies are navigating an unpredictable market. Reports show that many firms are struggling with rising labour costs while also facing significant hikes in raw material prices. These challenges aren’t short-lived – they signal a long-term shift that makes outdated, manual systems a real risk to operations.

Margin erosion is one of the biggest threats. Fixed contracts are often undermined by sudden cost increases caused by material shortages, subcontractor delays, or inflation. This leaves companies exposed, with limited room for error.

In today’s fast-moving environment, having access to real-time performance data is critical. Without it, firms are effectively operating blind to fluctuations in costs and their impact. This is why ERP software tailored to construction is fast becoming an essential investment.

Why construction ERP is the answer

Spreadsheets and outdated accounting tools simply don’t have the flexibility or scalability to manage modern construction projects. A construction ERP system offers a unified approach, enabling firms to manage finances, procurement, compliance, and operations in one place.

With NetSuite for Construction, businesses benefit from:

• Real-time financial data to track cash flow and costs

• Integrated project management to balance budgets and schedules

• Procurement visibility to oversee suppliers and subcontractors

• Scalability to support growth

By moving to the cloud, construction firms reduce errors, gain accuracy, and ensure that decision-makers can access live project information whenever it’s needed.

Key benefits of cloud construction ERP

When deployed effectively, construction ERP software provides a host of benefits that protect margins and enhance efficiency:

• Real-time cost monitoring: track actual versus estimated costs continuously and identify problems early

• Automated alerts: receive instant warnings when budgets deviate so you can act quickly

• Improved forecasting: use live data to refine estimates and prepare more competitive tenders

This level of financial insight isn’t possible with traditional tools. Cloud ERP gives construction firms in the UK the agility to respond to challenges in real time while maintaining financial control.

NetSuite for construction – tailored for the industry

Unlike generic ERP systems, NetSuite for Construction is designed specifically to meet the needs of the industry. Backed by OSSM’s expertise, it combines the flexibility of the world’s leading cloud ERP with features tailored to construction project management.

Key capabilities include:

• Integrated job costing and project billing

• Real-time procurement and resource tracking

• Unified financials, CRM, and reporting

• Anytime, anywhere access to live project data

This makes it one of the most advanced solutions available to UK construction firms, equipping them with the tools to thrive in a fast-changing market.

Automation sits at the core of construction ERP NetSuite

Delays, cost overruns, and heavy admin workloads are common across the industry. ERP helps overcome these challenges by automating key processes, from procurement and job costing to consolidation and reporting.

For construction companies, automation brings:

  • • Faster, more accurate reporting

  • • Reduced administrative burden

  • • Stronger compliance monitoring

  • • More time to focus on projects instead of paperwork

In short, automation helps firms remain competitive and efficient in a demanding environment.

Choosing the right financial software for construction

At OSSM, we combine our role as trusted NetSuite partners with over 20 years of ERP experience to deliver solutions that are both powerful and tailored to the needs of construction firms.

Our approach includes:

• Expert NetSuite implementation and support

• Construction-focused customisation

• Proven delivery with measurable results

• A partnership model built for long-term success

By adopting NetSuite for Construction, UK businesses gain the clarity and control required to face today’s challenges with confidence.

We are dedicated to helping construction companies embrace digital transformation with ERP solutions designed for their industry. To find out how our expertise and NetSuite construction management solutions can support your organisation, contact us today.

About the Author

Picture of Anna Carolan

Anna Carolan

Anna is an experienced professional in project management and change management roles, with a focus on IT systems development and implementation. Currently serving as the Project Consultant at OSSM, Anna assists in managing and implementing Enterprise Resource Planning (ERP) systems for large organisations and small-to-medium-sized companies.

Hotel staff opening a guest room door, symbolising how NetSuite Consulting Partners help the hospitality industry deliver seamless guest experiences.

ERP in Hospitality: How NetSuite Consulting Partners Deliver Success

by HospitalityNetSuite ERPNetSuite Financial Management
Hotel staff opening a guest room door, symbolising how NetSuite Consulting Partners help the hospitality industry deliver seamless guest experiences.
  • Hospitality, NetSuite ERP, NetSuite Financial Management

In hospitality, operational efficiency is essential. Behind every thriving hotel group is a need for systems that not only handle finance and procurement but also support multi-site operations, deliver real-time reporting, and drive long-term growth.

At OSSM, as trusted NetSuite consulting partners, we work with hospitality organisations throughout the UK and Ireland to implement ERP solutions that meet these diverse demands. Whether running a single location or expanding internationally, hotels need a flexible, cloud-based platform capable of keeping up with the industry’s unique challenges.

Why ERP matters in hospitality

The hospitality industry operates at a fast pace, managing bookings, suppliers, compliance, procurement, and financial reporting – often across multiple jurisdictions, currencies, and time zones. When businesses rely on disconnected systems or manual spreadsheets, it becomes harder to maintain accuracy, manage costs, or react quickly to market changes.

An ERP (Enterprise Resource Planning) system such as NetSuite can transform this. By centralising key processes into one platform, it provides real-time insights, fosters collaboration, and offers the scalability needed to grow efficiently.

As NetSuite consulting partners, OSSM ensures every implementation is tailored to the client’s operational model – whether they’re a boutique hotel chain, an expanding hospitality group, or a multinational operator.

Common challenges we solve for hospitality clients

1. Centralising operations across locations and countries

As hospitality groups expand, fragmented systems often emerge. Different software for each property, region, or function can lead to inconsistent reporting and duplicated work. NetSuite offers one global platform for managing financial operations across all entities – simplifying procurement, reporting, and consolidation, no matter the country or currency.

This unified approach removes the need for numerous spreadsheets and bolt-on tools, improving control and oversight across the business.

2. Access to real-time data for better decisions

In a sector where timing can make or break profitability, quick access to accurate data is invaluable. NetSuite delivers real-time dashboards, KPIs, and reports across all business units, enabling managers to track performance, react to market shifts, and plan with confidence.

From occupancy rate analysis to budget forecasting and supplier spend reviews, decision-makers can act faster and with greater certainty when they have a complete picture of the business.

3. Scalability without disruption

Growth in hospitality can happen suddenly – whether through acquisitions, new developments, or entry into new markets. The ERP platform behind that growth must be adaptable.

NetSuite’s modular design means you can expand your system step by step – adding subsidiaries, new features, or integrations without needing a full rebuild. This makes it a dependable, long-term investment for growing hospitality operators.

4. Minimising admin and improving efficiency

Every hour spent on manual data entry or reconciliation is time not spent improving the guest experience. NetSuite’s automation capabilities in finance, procurement, approvals, and reporting free up staff to focus on strategic tasks.

Our customers frequently see shorter month-end close times, stronger compliance, and better interdepartmental collaboration thanks to these efficiency gains.

Your NetSuite ERP journey, backed by trusted experts 

Choosing the right ERP is just the first step. The real difference comes from selecting an implementation partner who understands your industry inside out.

ERP implementation is more than a technical project – it’s about aligning the system to your processes, growth plans, and objectives. At OSSM, we tailor NetSuite ERP to fit the exact needs of hospitality businesses, from setup to post-launch support.

Our involvement doesn’t end at go-live. We ensure your team feels confident using the system and that it continues to deliver value as your business grows.

A trusted partner can be the difference between a stressful rollout and a smooth, transformative upgrade.

What hospitality leaders are saying

Hospitality leaders working with OSSM and NetSuite frequently report:

• Improved control across multiple sites
A single source of truth that aligns strategy and operations across all properties.

• Quicker, more accurate reporting
Automated reporting and real-time dashboards that support informed, timely decisions.

• Scalable technology
A system that evolves with the business, avoiding costly replacements or overhauls.

Is it time to upgrade your ERP?   

If your hospitality operations still depend on spreadsheets or outdated systems, it might be time to move to a modern, integrated solution. Platforms like NetSuite can cut inefficiencies, improve visibility, and enable sustainable growth – all within a secure, cloud-based environment.

The sooner you adopt an integrated platform, the easier it becomes to expand without encountering data silos or operational roadblocks.

Whether running one property or a multinational portfolio, the challenges of finance, procurement, and compliance remain significant. OSSM combines industry expertise with proven ERP delivery to help hospitality businesses simplify complexity and grow with confidence.

With extensive experience working alongside leading hospitality brands, we understand what it takes to implement a system that works now – and into the future.

Get in touch with OSSM to start your NetSuite ERP journey.

About the Author

Picture of Ray Ryan

Ray Ryan

Ray Ryan is the CEO of the Noledge Group.

With over 30 years of experience in the software industry, Ray's expertise spans from Unix systems to modern cloud ERP solutions. As CEO, he leads the Noledge Group in delivering cutting-edge technology that simplifies business operations for our clients.

NetSuite's financial reporting features

Bridging the Gap: How AI and ESG Are Shaping the Future of Finance Teams

by AIESGNetSuite Financial Management
NetSuite's financial reporting features
  • AI, ESG, NetSuite Financial Management

Gone are the days when the finance team’s primary focus was simply closing the books each month. As business expectations evolve, finance leaders are now stepping into broader strategic roles—playing a crucial part in shaping long-term success across their organisations.

Two major drivers are accelerating this shift: the growing adoption of AI and the increasing focus on ESG. While once seen as emerging trends, both are quickly becoming business priorities as organisations seek to boost efficiency, manage risk, and meet the expectations of customers, investors, and regulators.

In response, many finance teams are reviewing their existing systems, processes, and skills—looking for smarter ways to manage data, embrace automation, and contribute meaningfully to ESG goals. These themes were at the heart of a recent NetSuite webinar, Top Trends Supporting Businesses to Maximise Success, which explored how aligning people, processes, and technology can prepare organisations for the future. Here are some of the key takeaways.

Aligning Technology, Processes, and People

One of the main messages from the session was clear: to see real value from AI, businesses need a strong foundation. As highlighted by NetSuite ERP partners during the webinar, AI’s impact depends entirely on the quality of the data and workflows it is built upon. When applied effectively, AI can:

• Automate repetitive tasks and reduce human error

• Improve forecasting with predictive analytics

• Strengthen scenario planning and supply chain risk assessments

• Speed up access to critical business insights

However, the goal isn’t to replace finance professionals—it’s to elevate them. With AI, teams can shift from time-consuming data entry to more impactful interpretation and strategic decision-making.

This is where modern financial accounting software like NetSuite delivers real value. Its built-in automation, real-time reporting, and intelligent workflows enable finance departments to move from reactive operations to proactive planning—unlocking long-term NetSuite ERP benefits.

ESG Reporting Is Rising Up the Agenda

With new regulatory requirements on the horizon—particularly EU-driven ESG disclosures starting from financial year-ends in 2025—finance leaders are finding themselves at the centre of ESG reporting efforts.

The webinar’s advice? Don’t delay. Start integrating ESG into your systems now.

Implementing an ESG solution today helps avoid last-minute pressures later. NetSuite’s unified data model supports ESG services by bringing together financial and operational data—creating a reliable single source of truth for sustainability reporting. AI also supports ESG initiatives by:

• Capturing and analysing environmental and social performance data

• Automating key elements of ESG reporting

• Tracking progress against sustainability targets in real time

Embedding ESG into your core systems today allows finance teams to move beyond basic compliance and deliver real strategic value—building trust and demonstrating long-term resilience.

At OSSM, we’re already supporting businesses across the UK and Ireland on this journey—helping them integrate ESG services directly into their NetSuite ERP systems for a more efficient and effective approach to sustainability.

Why Many Finance Teams Are Still Struggling

Despite the opportunities AI and ESG present, many organisations are still facing challenges that limit their agility and insight. Common blockers highlighted in the webinar include:

• Outdated systems that lack true cloud capabilities

• Disconnected data and siloed departments

• Manual processes that increase errors and waste valuable time

• Poor collaboration between finance and other business functions

These limitations not only slow down reporting—they make it harder to adapt, stay compliant, or respond quickly to market changes.

The takeaway? Now is the time to modernise. Finance teams need flexible, scalable ERP systems that support automation, enable real-time insights, and empower continuous improvement.

Laying the Groundwork for Smarter Finance

Every business is at a different stage of digital transformation, but a great starting point is understanding where your finance team stands today. Here are a few practical steps inspired by the discussion:

• Map your current processes: Identify where delays, duplication, or inefficiencies exist

• Review your systems: Are your tools helping or hindering progress?

• Upskill your team: Equip staff with the knowledge to work confidently with modern tools and interpret data

• Engage business leaders: Show how finance can support wider strategic goals

Whether your organisation is focused on ESG compliance or looking to harness the potential of AI, it all begins with a solid foundation—underpinned by the right people, processes, and technology.

Looking Ahead

Whether your organisation is preparing for ESG compliance, improving reporting accuracy, or exploring how AI can streamline operations and uncover insights, finance teams are uniquely positioned to drive change.

From engaging with businesses across the UK and Ireland, we see that forward-thinking finance teams are already taking action. Rather than waiting, they’re embracing innovation and turning finance into a more strategic asset for the wider business.

Let our team here at OSSM guide you on the right ERP journey to meet your current and future challenges. Are you ready to future-proof your finance and ERP systems? Book a NetSuite demo and discover how a unified platform can simplify your processes and deliver lasting transformation.

About the Author

Picture of Ray Ryan

Ray Ryan

Ray Ryan is the CEO of the Noledge Group.

With over 30 years of experience in the software industry, Ray's expertise spans from Unix systems to modern cloud ERP solutions. As CEO, he leads the Noledge Group in delivering cutting-edge technology that simplifies business operations for our clients.

Freelance workers communicating while working together on desktop PC in the office.

Unlock Your Business Potential with NetSuite 2025.1: Smarter Financial Management and AI-Driven Insights

by AINetSuite ERPNetSuite Financial Management
  • AI, NetSuite ERP, NetSuite Financial Management

The business landscape is changing fast, and staying competitive requires technology that drives growth, efficiency, and innovation. Introducing NetSuite 2025.1—the newest update to the world’s leading cloud-based ERP platform. This release brings a range of advanced features designed to enhance financial management, streamline automation, and harness AI for smarter decision-making. Whether you’re already using NetSuite or exploring ERP solutions, this update provides the tools needed to propel your business forward. Keep reading to see how NetSuite 2025.1 can elevate operations and support long-term success.

NetSuite 2025.1 – The New Release 

NetSuite 2025.1 introduces powerful enhancements to elevate finance team performance, including an embedded procurement solution and reusable audit documentation templates. With embedded AI, advanced automation, smarter financial management, deeper analytics, and an improved user experience, this release is designed to help finance teams operate more efficiently and effectively.

Whether you’re already using NetSuite ERP or exploring implementation, these updates provide essential tools to support business growth and streamline operations. Built to adapt to evolving business needs and regulatory requirements, NetSuite 2025.1 ensures your organisation stays agile and compliant.

Key Highlights and Features of NetSuite 2025.1

NetSuite 2025.1 delivers a series of enhancements aimed at improving business efficiency, development, and overall productivity. With a focus on intuitive interfaces and streamlined workflows, these updates create a more user-friendly and effective work environment. Here are some of the key improvements:

1. Enhanced Financial Management and Operational Efficiency
The new SuiteProcurement solution simplifies indirect procurement, giving businesses better control over operational supply purchases. It automates approval workflows and electronic document management, improving both accuracy and efficiency. These changes ultimately lead to higher productivity and more streamlined operations.

2. Integrated AI Capabilities
NetSuite has enhanced its Narrative Reporting feature with AI-powered capabilities, allowing businesses to generate reports from financial and transactional data with ease. This reduces the need for manual work, increases accuracy, and provides deeper insights, making strategic decision-making and audit documentation more efficient. Additionally, SuiteAnswers now includes the AI-powered NetSuite Expert, which quickly retrieves relevant help and support content, simplifying the process of finding solutions without having to search through multiple documents. To further accelerate innovation, NetSuite has introduced the SuiteScript Generative AI API, enabling businesses to create custom, AI-powered NetSuite extensions more easily.

3. Improved Customer and Employee Engagement
NetSuite Connectors now offer businesses the ability to seamlessly sync data between NetSuite, Salesforce, Shopify B2B, and Microsoft Outlook. This integration reduces manual data entry and ensures that NetSuite remains the central hub for all business data, enhancing both customer and employee engagement. Furthermore, NetSuite’s Customer 360 has been upgraded with new features, charts, and metrics, giving businesses a comprehensive view of customer status, history, and recent transactions. This helps improve relationships and engagement with customers, providing them with more personalised and responsive service.

Partner with OSSM for NetSuite ERP Implementation

Selecting the right partner for your NetSuite ERP implementation is essential for achieving success. OSSM is a trusted NetSuite solution provider, offering expert guidance, seamless implementation, and ongoing support to help you maximise the potential of your ERP system. Here’s what makes us stand out:

• Expertise and Experience
With years of delivering NetSuite financial management solutions, OSSM has a deep understanding of the challenges businesses face. We provide customised strategies designed to optimise efficiency and overcome obstacles.

• Tailored ERP Solutions
Recognising that every business is unique, we take a personalised approach to NetSuite ERP implementation, ensuring the system aligns with your specific goals and operational needs.

• Smooth Implementation and Integration
We offer comprehensive ERP implementation support, ensuring a smooth transition to NetSuite with minimal disruption. Our services also include seamless integration with your existing systems, along with detailed training and ongoing support.

• Committed Customer Support
From initial planning through to post-implementation, our team is dedicated to helping you get the most out of your NetSuite ERP system. Our support team is always ready to assist in maximising system performance and resolving any challenges.

• Proven Track Record
We’ve helped numerous businesses improve their operations with NetSuite, establishing ourselves as the ideal partner for companies looking to implement or optimise their ERP system.

Ready to Transform Your Business with NetSuite 2025.1? 

The NetSuite 2025.1 release brings impressive improvements that will help businesses operate more efficiently. With enhanced automation, AI-powered insights, and a more intuitive user interface, NetSuite remains the leading solution for modern financial management.

If you’re planning to implement NetSuite ERP or are in search of a new NetSuite ERP partner, OSSM is ready to assist. Contact us today to discover how we can help you optimise your business operations for sustained success.

Join us at the ERP HEADtoHEAD™ event, where we’ll be exploring the latest trends and discussing the strategies shaping the future of ERP. Visit our stand to discover how NetSuite can drive efficiency and growth for your business, and don’t miss our team’s expert presentations in the Projects and Production sessions.

Let’s connect and explore how NetSuite 2025.1 can empower your organisation with smarter financial management and AI-driven insights. Register here: erpheadtohead.com/uk/

About the Author

Picture of Brian Doherty

Brian Doherty

Brian is an accomplished Project Manager with a background in the ERP software industry. He possesses expertise in Business Process, Sage Products, NetSuite, Requirements Analysis, and Technical Support. As the Operations Director of OSSM, a member of the Noledge Group, Brian has directly implemented or been involved in the implementation of NetSuite ERP cloud-based software in various businesses across multiple sectors.

professional business entrepreneur team meeting and brainstorming to startup a corporate project strategy in office, co-worker discussion group of businessman colleague person manager teamwork

Why NetSuite SuiteSuccess Starter Edition Is the Right Choice for Growing Businesses

by NetSuite ERPNetSuite Financial ManagementNetSuite Starter Edition
  • NetSuite ERP, NetSuite Financial Management, NetSuite Starter Edition

Amid increasing competition and evolving market demands, growing businesses across the UK face mounting pressure to optimise operations while preparing for expansion. Many ambitious businesses find themselves trapped between entry-level accounting software and enterprise systems that exceed their current needs and budget. NetSuite SuiteSuccess Starter Edition bridges this gap perfectly, offering a comprehensive cloud ERP solution tailored specifically for growing businesses ready to take the next step in their journey. 

The Growth Challenges Small and Medium Businesses Face

Growth brings exciting opportunities but also introduces new operational challenges:  

• Resource limitations: Growing teams need to get the most out of their resources, and inefficient processes can quickly become a costly burden.  

• System fragmentation: Many businesses use separate systems for accounting, inventory, and customer management, leading to data silos that slow down decision-making.  

• Visibility gaps: Without unified data, management lacks the real-time insights needed to make informed strategic decisions. 

• Scalability roadblocks: As customer bases expand, legacy systems struggle to accommodate increased transaction volumes and complexity. 

• Compliance complexity: Meeting regulatory requirements in the UK requires strong financial controls and accurate reporting.  

These challenges can hold businesses back, forcing teams to spend time on manual workarounds instead of driving growth and enhancing customer experience. 

NetSuite SuiteSuccess Starter Edition: Designed for Growing Businesses

The SuiteSuccess Starter Edition represents a strategic investment in business infrastructure that eliminates the limitations of basic accounting systems. Unlike standalone software solutions, it delivers an all-in-one system that integrates financials, inventory management, CRM functionality, and project tracking within a single, cloud-based platform. 

This integration removes the need for duplicate data entry, simplifies reconciliation, and gives management a clear, real-time view of business operations – which is a key advantage for companies gearing up for growth. 

Tailored Solutions to Match Your Business Model 

Understanding that business requirements vary across industries and operational models, NetSuite offers flexible Starter Edition configurations: 

• Core Financials: Perfect for service-oriented businesses requiring robust financial management, reporting capabilities, and basic CRM functionality. 

• Inventory Management: Ideal for product-based businesses that need advanced inventory control, order management, and fulfilment capabilities alongside core financials. 

• Project Management: Designed for professional services firms and businesses that deliver client projects, offering sophisticated project tracking, resource allocation, and billing functionality. 

Each configuration builds upon NetSuite’s foundational capabilities while addressing the specific operational requirements of different business models.

Top Benefits of NetSuite Starter Edition 

1. Unified Business Intelligence

With NetSuite, your entire team works from a single source of truth. Sales representatives access customer histories before making calls, the finance team gains visibility into outstanding orders, and management reviews real-time dashboards showing key performance indicators across the business. This connectivity eliminates information gaps and empowers more strategic decision-making. 

2. Scalable Architecture

Unlike entry-level systems that require disruptive migrations as businesses grow, NetSuite’s cloud architecture scales seamlessly. Whether you’re adding new users, expanding your product catalogue, entering international markets, or adding new business entities, the platform grows alongside your ambitions without requiring system replacement. 

3. Process Automation

Manual processing wastes valuable talent and introduces errors. NetSuite automates routine tasks including: 

• Invoice generation and distribution 

• Bank reconciliation and payment processing 

• Inventory updates and reordering 

• Financial close procedures and compliance reporting 

• Customer communications and follow-ups 

This automation not only reduces operational costs but also improves accuracy and customer satisfaction through more consistent execution. 

4. Financial Control and Compliance

For businesses operating in the UK, maintaining compliance with VAT regulations, Making Tax Digital requirements, and financial reporting standards is non-negotiable. NetSuite delivers built-in compliance capabilities, including: 

• Automated VAT calculations and reporting 

• MTD-compliant tax filing preparation 

• Configurable approval workflows 

• Audit trail tracking for all financial transactions 

• Customisable financial reports that satisfy regulatory requirements 

These capabilities reduce compliance risk whilst providing management with confidence in financial accuracy. 

5. Future-Proof Technology

Technology investments should serve both immediate needs and long-term ambitions. NetSuite’s continuous update model ensures your business always operates on current technology without disruptive upgrades. This approach delivers ongoing improvements and new capabilities without additional implementation projects. 

OSSM’s Implementation Approach

As an expert NetSuite solution provider in the UK, OSSM brings proven expertise to every implementation. Our approach combines NetSuite’s SuiteSuccess methodology with our deep understanding of local business requirements: 

1. Strategic Assessment: We begin by understanding your business objectives, operational pain points, and growth ambitions to identify the optimal Starter Edition configuration. 

2. Accelerated Implementation: Using pre-configured industry templates and best practices, we deliver rapid time-to-value without compromising solution quality. 

3. Knowledge Transfer: Our comprehensive training programme ensures your team maximises system capabilities from day one. 

4. Continuous Optimisation: Beyond go-live, we provide ongoing support and periodic system reviews to identify new optimisation opportunities as your business evolves. 

This structured approach minimises implementation risk whilst accelerating your return on investment. 

Investing in Growth Infrastructure   

For growing businesses in the UK, selecting the right technology infrastructure is essential for driving growth. The Starter Edition goes beyond a simple software upgrade—it removes operational barriers, improves decision-making, and offers the scalability required to achieve your business goals.

Partnering with OSSM for your NetSuite implementation gives you more than just powerful technology – you get a team of experienced advisors dedicated to your long-term success. Our team brings extensive industry knowledge, implementation expertise, and ongoing support capabilities to ensure your NetSuite investment delivers exceptional returns. 

Ready to explore the Starter Edition and transform your business operations? Contact us today for a personalised consultation and detailed pricing information tailored to your specific business requirements. 

About the Author

Picture of Roger Gribbin

Roger Gribbin

Roger Gribbin is an IT professional with over 25 years of experience in various roles, involving assisting customers with selection projects for ERP, CRM, and BI, as well as hands-on implementation and project management in medium-sized organisations in Ireland. He currently serves as the Sales Director for the Noledge Group.

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Finding the Perfect Fit: Why It’s Time to Rethink Your Business Software

by NetSuite ERPNetSuite Financial Management
  • NetSuite ERP, NetSuite Financial Management

Choosing the right software isn’t just about solving today’s challenges – it’s about preparing your business for tomorrow’s opportunities. Whether you’re facing end-of-life products, feeling constrained by your current vendor, or outgrowing your current system, it may be time to re-evaluate your financial accounting ERP. 

As trusted NetSuite ERP partners, we’ve leveraged our industry expertise to help businesses achieve outstanding results. Let’s unpack the common scenarios where upgrading to a solution like NetSuite can pave the way for growth. 

1. The Risks of Using End-of-Life Products 

Some businesses continue to rely on software that has reached its end of life. While it may feel like a cost-saving measure, sticking with outdated tools can significantly hinder your business. Here’s why: 

• No Access to New Technologies: Emerging tools like AI and machine learning offer advanced capabilities, from automating financial reporting to providing deeper business insights. End-of-life software simply can’t keep up. 

• Lack of Legislative Updates: Compliance requirements evolve, and older systems won’t receive updates to meet new standards, exposing your business to potential penalties. 

• Inability to Adapt: Whether it’s expanding to new markets or adapting to industry shifts, legacy software lacks the flexibility needed to keep pace. 

• Limited Insights: Businesses today need actionable, real-time data. Older systems don’t provide the level of reporting required for decision-making. 

By moving to a scalable and innovative platform like NetSuite, you can future-proof your operations while unlocking advanced features that drive growth.

2. Reassessing Your ERP Options: Finding the Right Fit for Your Business  

Sometimes, staying with a familiar vendor might seem like the easiest choice, but it’s worth considering whether their solutions still align with your evolving needs. For instance, businesses relying on outdated on-premise ERP systems that are being urged to move to the cloud may find this an ideal opportunity to evaluate whether their current system aligns with their current goals. 

• Tailored for the Right Fit: While legacy ERP systems may be robust, they can sometimes offer more complexity and cost than what small to medium-sized businesses require. 

• An Opportunity to Reassess: Such transitions can encourage businesses to pause and re-evaluate their priorities, ensuring their ERP system supports their unique needs rather than stretching to fit into a one-size-fits-all solution. 

• The Case for Agility: Flexible, mid-market-focused options like NetSuite deliver the essential functionality businesses need without unnecessary complexity. 

By partnering with a trusted NetSuite consulting partner, you gain a solution designed to scale with your business while offering the flexibility and efficiency to help you thrive. 

3. Outgrowing Small Business Software

While accounting systems such as QuickBooks or Xero work well for start-ups, they lack the scalability to support growing businesses. As your needs evolve, staying on these platforms can result in: 

• Fragmented Processes: Managing operations with disconnected systems creates inefficiencies and limits visibility. 

• Manual Workarounds: Smaller software often requires manual processes, increasing the risk of errors and slowing productivity. 

• Limited Scalability: These tools aren’t built to handle complex financial structures or growing transaction volumes. 

This is where solutions like the NetSuite SuiteSuccess Starter Edition shine. Tailored for growing businesses, the Starter Edition offers a seamless upgrade path to the full NetSuite accounting software. By switching to NetSuite, you gain: 

• Unified Operations: Integrate financials, inventory, CRM, and more into a single platform. 

• Scalable Growth: Support for multi-entity management, global operations, and advanced reporting. 

• Future-Ready Capabilities: Access to innovative technologies like AI and automation to keep your business competitive. 

Why Partnering with the Right NetSuite ERP Partner Matters 

Choosing the right software is only part of the equation – partnering with experts to implement and customise it is just as critical. At OSSM, we specialise in helping businesses navigate the transition to NetSuite, ensuring a smooth and successful implementation. 

Our team understands that every business is unique. We take the time to assess your needs, design tailored solutions and provide ongoing support so you can maximise your investment. 

Is It Time to Make the Switch? 

Whether you’re facing the limitations of end-of-life software, rethinking your current vendor, or outgrowing small business tools, the right ERP solution can transform your operations. With OSSM and NetSuite, you’re not just choosing software, you’re choosing a partner dedicated to your growth. 

Ready to see what NetSuite can do for you? Take the first step today by contacting us and discover how NetSuite can revolutionise your business. 

About the Author

Picture of Roger Gribbin

Roger Gribbin

Roger Gribbin is an IT professional with over 25 years of experience in various roles, involving assisting customers with selection projects for ERP, CRM, and BI, as well as hands-on implementation and project management in medium-sized organisations in Ireland. He currently serves as the Sales Director for the Noledge Group.

The Impact of Inventory Control on Cash Flow

How Tighter Inventory Control Can Improve Cash Flow

by Manufacturing - SolutionsNetSuite ERPNetSuite Financial ManagementNetSuite ManufacturingNetSuite Wholesale DistributionWholesale Distribution - Solutions
The Impact of Inventory Control on Cash Flow
  • Manufacturing - Solutions, NetSuite ERP, NetSuite Financial Management, NetSuite Manufacturing, NetSuite Wholesale Distribution, Wholesale Distribution - Solutions

A healthy cash flow is crucial for businesses, especially during challenging economic climates when many are concerned about their near-term future. In uncertain times, businesses often experience a reduction in revenue, while expenses and operating costs remain constant or even start to rise. Without adequate cash reserves, businesses may struggle to meet their financial obligations and finance teams need to go back to basics, carefully review their finances and properly manage their cash flow.

For any business that buys and sells products, inventory control plays a huge role in cash flow. It’s key to ensure that you have the necessary resources to sustain operations and meet demand, but this can result in money being tied up in inventory. If you’re looking to optimise your cash flow, minimising expenses related to buying, holding and selling items is key, and the importance of improving inventory management shouldn’t be underestimated.

Fortunately, having tighter inventory control can help to improve cash flow and if you’re concerned about the current economic climate, now is the time to focus on your inventory. Below we have explored how inventory management can help with cash flow and how NetSuite can support inventory-related savings.

The Impact of Inventory Control on Cash Flow

Inventory is a significant investment for companies and managing inventory levels can have a direct impact on cash flow.

One of the main ways that inventory control affects cash flow is through the cash tied up in inventory. When a business purchases inventory, it ties up cash that could otherwise be used for other purposes. Additionally, maintaining high levels of inventory can result in increased storage and holding costs, which further drain cash reserves. On the other hand, too little inventory can lead to lost sales and lost revenue. If a business is unable to meet customer demand due to low inventory levels, customers may take their business elsewhere.

Effective inventory control involves finding the right balance between having enough inventory to meet customer demand and minimising the amount of cash tied up in inventory. By finding the right balance, businesses can maximise their financial resources and better position themselves for long-term success.

Revolutionising Inventory Management with NetSuite ERP

Businesses can use technology to help manage inventory levels and optimise cash flow, like NetSuite. Inventory management software can provide businesses with the insight they need into their inventory levels and help to identify opportunities for cost savings. By using technology to manage inventory, businesses can make informed decisions about when to order inventory, how much to order and how to allocate resources more effectively.

NetSuite’s comprehensive Enterprise Resource Planning (ERP) solution provides businesses with financial management and inventory management in a single system. This enables you to see how your inventory is affecting your financials, and it makes it easier to understand the impact that these two key components have on day-to-day business operations as well as one another. 

Analysing Sales Data

A popular strategy for effective inventory control is to analyse sales data and identify products that are slow-moving or have a low-profit margin. This enables you to reduce the inventory levels of those items and concentrate on items that contribute most to your bottom line.

NetSuite will help you to strategically manage your inventory levels and minimise the amount of cash tied up in inventory without losing sales or sacrificing customer satisfaction. The user-friendly dashboards make it easy to access real-time data and the consolidated reporting enables you to analyse historical data. It will be easy to track things like sales trends and margins, so you know which SKUs are profit-makers and need to be pushed.

Forecasting Demand

To prevent you from ordering too much or too little inventory, it’s essential to have accurate forecasts. When you order the right amount of specific items, you can ensure that you’re able to meet demand but you’re not stuck with unsold stock, increasing your bottom line.

When you use NetSuite ERP software to your advantage, you will have access to the mission-critical data you need to make better decisions. You can create accurate reports about inventory levels and performance, and use these to support purchase decisions. It will be much easier to ensure you have the right amount of inventory at the right time and NetSuite forecasts can meet the complex needs of different businesses.

Monitoring Inventory Levels

Having ‘safety stock’ is important regardless of which sector you operate in. However, incorrect or outdated safety stock targets can result in holding too much stock. When money is tied up in safety stock, it can’t be used elsewhere and inventory levels could be draining cash reserves.

Integrating NetSuite software into business processes can help you to monitor inventory levels and ensure that safety stock is kept up-to-date. By taking into consideration things such as historical and seasonal demand as well as supply chain predictability, the accuracy of safety stock targets can be improved. NetSuite can also calculate reorder points, helping to ensure you’re always holding the right amount of inventory.

Improving Inventory Data

To improve inventory control, it’s essential to ensure the numbers in your system match on-hand quantities. Far too often inventory isn’t accounted for and businesses don’t have accurate data, which causes an abundance of problems later down the line.

NetSuite ERP can be used to increase the reliability and accuracy of inventory data, and it will be easier than ever before to update inventory records. You can perform cycle counts as well as full inventory counts with this smart business software, and counts can be adapted to your specific needs. When you account for inventory properly, you can avoid discrepancies and make decisions based on accurate inventory data.

Reducing Fulfilment Costs

When you operate across multiple locations, knowing the location of your inventory is crucial and it can help to support fulfilment decisions. By shipping from the best locations, you can reduce shipping costs and boost your profit margins.

Using a comprehensive ERP system like NetSuite can help to improve real-time visibility across locations. You can also save a considerable amount of time and effort by removing the need for manual order reviews, and the system will automatically assign orders to the best shipping locations. Making better fulfilment decisions won’t just reduce shipping costs, but it will also reduce shipping times which can have a knock-on effect on customer satisfaction.

Working With a NetSuite Business Partner in Ireland

Ultimately, improving inventory management is key to improving cash flow and it’s undoubtedly worthwhile focusing on inventory control if you want to free up cash for other purposes. If you’re interested in NetSuite business software and you’re wondering how it can benefit your operations, don’t hesitate to contact our team at OSSM. We collaborate with businesses across a range of industries and help them to overcome unique challenges.

As a trusted NetSuite Solution Provider in Ireland, you can rely on us to deliver flexible and long-lasting cloud solutions. Our team will happily assist you with your NetSuite project and help you to establish the best solutions to your needs. We can even provide you with a NetSuite product tour to help you determine whether it’s the right option for your business.

Why not explore our NetSuite Guide?

Download our guide: Where Warehouse Management and Finance Collide, where we have explored some common problems associated with basic warehouse management systems. 

On June 20th, we will host a webinar to help businesses maximise inventory ROI with NetSuite.

The following topics will be discussed:

• Key Challenges for Distributors
• The Critical Role of Inventory Planning
• Precision Forecasting
• Efficient and Green Warehouse Management
• The Impact on the Bottom Line

See link to register: https://ossmcloud.co.uk/ossm-webinar-from-chaos-to-control/

About the Author

Picture of Naren Sompalli

Naren Sompalli

Naren holds a Bachelor of Engineering degree from BNM Institute of Technology. As a NetSuite specialist, he is involved in implementation at OSSM, collaborating with a team of experienced consultants. Naren conducts workshops for solution implementation and delivery, providing technical support and expertise.

Key Additions To Any CFO's Checklist

Key Additions To Any CFO’s Checklist

by NetSuite ERPNetSuite Financial ManagementNetSuite Global Business Management
Key Additions To Any CFO's Checklist
  • NetSuite ERP, NetSuite Financial Management, NetSuite Global Business Management

The role of a Chief Financial Officer (CFO) is dynamic and demanding. This position is at the heart of an organisation’s financial operations and it has changed a lot over the years. A CFO’s day-to-day activities encompass a vast range of responsibilities, from monitoring key metrics to strategic financial planning. However, there is always more that can be done to drive a business forward. After all, the CFO plays a pivotal role in shaping the financial health and overall success of the organisation.

For CFOs looking for ways to not only improve their organisation’s financials but stay abreast with other aspects of the business and cement themselves as strategic stakeholders, we have created a list of key additions to a CFO’s checklist. While there might not be enough hours in every workday for these tasks, finding time to incorporate them into your workload can help to improve your professional performance as well as the performance of the business.

Host Frequent Meetings With Team Members

There is no denying that communication is essential in business and as they’re in a leadership role, a CFO should keep in touch with their team. To improve communication throughout your department, it’s beneficial to host meetings with your team on a more regular basis. Not only do these meetings provide you with an opportunity to support your team with any concerns they may have, but it enables you to offer coaching to aid ongoing development.

In addition to hosting meetings within your department, you should find time to stay up-to-date with other aspects of the business too. Improving communication between departments can help others to understand how they impact the overall financial performance of the business. By openly discussing with different departments how their decisions can affect cash flow for the whole business, you can ensure everyone is on the same page. Improving communication can have a positive impact on financials moving forward.

Automate More Processes and Daily Tasks

All CFOs should be using technology to their advantage on a day-to-day basis. Automating time-consuming and error-prone tasks is a great way not just to improve productivity, but boost the organisation’s bottom line. During financially challenging times, automating business processes can help to reduce the need for hiring more employees too. You may be surprised by just how many different tasks you can automate with the right technology.

It’s not just the finance department that should be automating tasks either. Introducing more efficient ways of working throughout the organisation can have a huge impact on budgets. So, new software and systems should be seen as an investment. Using technology throughout the whole supply chain can assist with everything from inventory management to faster decision-making, boosting overall business performance.

Be Proactive on Social Media

In this digital day and age, it’s more important than ever for CFOs to maintain their personal brand. Using platforms like LinkedIn, CFOs can stay up-to-date with the latest financial news and get involved in conversations with other industry professionals.

Regularly updating your LinkedIn profile with qualifications and awards is always beneficial, and you should be proactive in connecting with other financial professionals in your industry. In addition to commenting on other professionals’ posts on LinkedIn, consider writing your own posts. This is a great way to engage with other CFOs and boost your profile. Think of social media platforms like LinkedIn as a modern alternative to networking events.

Keep in Touch With Other Departments

As mentioned above, a CFO needs to communicate with other departments and educate them on the impact their decisions have on the business as a whole. However, as head of the finance department, you should also take some time to learn more about the struggles faced by different departments and the inefficiencies they’re experiencing.

Encouraging the whole finance team to engage in conversations with people from other departments can provide you with invaluable insights into what’s going on in the rest of the organisation. Simple ‘water-cooler chats’ during coffee breaks or lunches can help you to learn more about the challenges, priorities and goals of different departments. As a CFO, this puts you in a better position to collaborate with others and make decisions that benefit the business.

Provide Analytics Beyond the Finance Department

Tracking a range of Key Performance Indicators (KPIs) across the business can help you to understand how the organisation is performing in real time. Not only should you be tracking financial KPIs, but there is an array of operational KPIs that can help to improve business processes and support data-driven decision-making.

Helping other departments understand the data and analytics that are available to the finance team, and use these to improve their operations can have a positive impact on the business. Providing departments with KPI graphs, for example, can simplify information and help to improve their understanding of current performance from a financial perspective. When you provide different departments with straightforward analysis of KPIs, you can ensure that everyone is working together toward the same goal of improving the bottom line.

Invest in New Technologies

Should you find that your technology is no longer working efficiently for your business, investing in new systems can transform your day-to-day operations. When trying to automate more processes, you may find that you don’t currently have the capabilities to streamline everyday tasks and this can highlight the need for new technologies. With such a huge array of options on the market now, there is a software solution that can improve every aspect of your business.

Making the right technology investments at the right time can transform the way different departments operate and in turn, the organisation’s financial situation. Implementing powerful and intelligent software like NetSuite has proven time and time again to change the way organisations do business. NetSuite solutions can improve efficiency by simplifying and streamlining complex processes across various departments. Not to mention, these flexible, cloud-based solutions offer unparalleled transparency. By bringing a new level of intelligence to your organisation, NetSuite can boost your bottom line.

Consulting a NetSuite Partner in Ireland

As a modern-day CFO, adding the above tasks to your checklist can help you to ensure you remain a strategic advisor that’s benefiting the whole business. Remember, finance directly impacts every department and CFOs can improve an organisation’s long-term profitability and prospects. If you’re interested in finding out more about how you can use technology to support both financial management and business management as a whole, contact our team at OSSM.

We are leading NetSuite consulting partners. Our expert team understands that all businesses have different problems and our consulting services can help you to determine the best systems for your specific needs. The creative and flexible NetSuite solutions we provide can help to improve your business both now and long into the future. We genuinely care about the outcomes of our projects, and we are passionate about helping our clients implement changes within their organisation.

Click below to download this guide to the top 20 best KPI’s for your business:

Tracking Key Performance Indicators (KPIs) for Business Success

The Importance of Tracking KPI’s

by NetSuite ERPNetSuite Financial ManagementNetSuite ProjectsServices - Solutions
Tracking Key Performance Indicators (KPIs) for Business Success
  • NetSuite ERP, NetSuite Financial Management, NetSuite Projects, Services - Solutions

We run our business based on a core set of KPI’s relevant to our business and our industry. The value of being able to spot deviations at a glance and be able to tweak as we go means that there are no big shocks, just some small bumps that need smoothing out every now and then. Staying on track is so much easier to achieve when there is a track to follow in the first place.

Before we get deeper into this topic, let’s first of all take a look at what KPIs actually are. KPIs, or Key Performance Indicators, are performance measurements that allow businesses to track the progress of their goals and objectives. These indicators are hugely beneficial as they are used to assess the effectiveness of strategies, operations and performance.

Understanding and tracking KPIs is key to not just meeting objectives, but business growth as a whole and the more you can learn about the success of your current operations, the better a position you will be in to drive your business forward. Making data-driven decisions without KPI data can be time-consuming and complex.

Below we have shared our thoughts on KPIs and have listed some widely used KPIs that are worth tracking, regardless of what industry you operate in.

Why should businesses track KPIs?

KPIs are more than just numbers, they’re an invaluable insight into how well your business is performing and they can provide you with an accurate snapshot into various aspects of your operations. By tracking KPIs, you can better understand your strengths and weaknesses, measure progress and make any necessary adjustments to stay competitive. Having a core set of KPIs to identify areas for improvement can help you to make better changes to day-to-day operations and ensure your business stays on track.

As well as analysing your own performance, KPIs are a great way to compare your business against your competitors and industry standards, helping you to make better and more informed strategic decisions to help you stay one step ahead.

What can KPIs be used for?

There are many different types of KPIs and they can all be useful for different reasons. Most commonly, KPIs are used to monitor the following:

  1. Performance: Financial & Operational
  2. Satisfaction: Customer & Employee

Every business has a different way of operating, so the KPIs you should track will be dependent on your overall business goals as well as the goals of different departments, teams and employees KPIs can also change over time, usually as your business objectives change and they can help you to determine whether you’re achieving your current goals.

We would suggest that it’s good practice to track both high-level KPIs that focus on overall performance and lower-level KPIs that focus on individual departments. Similarly, you should also track both leading and lagging KPIs, so you’re reflecting on past results as well as predicting future results.

How do you track KPIs?

Spreadsheets are great for so many things but tracking KPIs is not one of them. They can be time-consuming and prone to errors. It’s much easier to use tried-and-tested ERP software, especially as your business grows and you have more complex KPIs to track. Solutions such as NetSuite can provide you with all of the key data you need to calculate and track KPIs. KPI dashboards can be easily set up to present you with the information you require in real-time.

The integrated reporting and analytics capabilities within systems such as NetSuite make it easy to track KPIs and reporting will be more streamlined. You can even set up regular reports that provide you with the up-to-date data you need, so it couldn’t be easier to measure success.

Which KPIs should businesses be tracking?

While KPIs will be business or industry specific, here are a few KPIs that are relevant to most businesses.

It’s recommended that businesses track financial KPIs, such as; ‘operating profit margin’ which shows the percentage of profit you make from operations and ‘budget Vs actual’ which compares your actual spend against budgeted amounts. Some operation KPIs are also incredibly useful, such as; ‘sell-through rate’ which compares the inventory sold to the amount of inventory ordered from a manufacturer and ‘perfect order rate’ which measures how many orders are shipped without issues like damage, inaccuracies or delays.

Using NetSuite solutions to track KPIs

If you’re interested in finding out more about how NetSuite solutions can make it easier for you to track important KPIs, get in touch with our team at OSSM today. We have many years of experience helping our customers implement NetSuite software into their business operations and we provide solutions that completely transform what they do and how they do it. NetSuite’s SuiteSuccess software includes a bundle of pre-built industry-specific KPI’s built on best practices that can help set you off on the right track, quickly.

As an experienced NetSuite Partner in Ireland, we match our team and their expert skill sets to our customers’ needs and we provide tailored advice to help them overcome challenges. We’ve a huge amount of experience in the Manufacturing, Services, Distribution and Field Service sectors and we can provide you with a flexible and scalable NetSuite solution that helps you to track crucial KPIs and remain competitive in today’s fast-paced world.

To get a full list of the 20 most widely used KPIs that every growing business should track, download the NetSuite business guide below.