As a business grows from a small startup to a larger organization, its technology needs change dramatically. What worked early on often can’t keep up with the company’s evolving requirements. One major pain point is business software that fails to scale along with rapid growth.
Upgrading to an enterprise-level platform like NetSuite ERP can enable your systems to expand smoothly alongside your rising sales, additional locations, and increasing complexity. NetSuite provides integrated functionality spanning ecommerce, CRM, inventory, accounting, and more on a unified cloud platform.
In this article, we’ll explore how NetSuite flexes to match your business growth across key areas:
- Handling rising transaction volumes
- Expanding to multiple locations
- Adapting to new business models
- Onboarding more users
- Accommodating surges in activity
Rising Transaction Volumes
As you sell more products or services, the number of orders, invoices, shipments, and other transactions skyrockets. Overwhelmed legacy systems start to break down, leading to lags, errors, and manual workarounds. NetSuite remains robust even at billion-dollar order volumes.
For example, Nutrabolt was able to scale its fast-growing supplement business to over $100 million in revenue on NetSuite. CEO Doss Cunningham says the platform easily handles their peak activity spikes, like taking 47,000 orders over four days. Nutrabolt also leverages NetSuite to operate two additional brands with distinct customer experiences.
Expanding to New Locations
Opening new offices domestically or internationally creates an array of complexities around taxation, localization, currency management, and regulatory compliance. NetSuite provides built-in global business management to smoothly incorporate new subsidiaries.
For instance, project management solutions provider Projector PSA expanded subsidiaries from Australia to the UK, Germany, and Canada with NetSuite. Country-specific business processes, taxation, reporting, and multi-language functionality posed no issues. The unified platform also ensures visibility across all locations with a single version of the truth.
Adapting to New Business Models
When you introduce additional revenue streams such as services, subscriptions, or consumption models, business processes and pricing complexity intensify. NetSuite’s flexibility supports launching new models like these without having to rip and replace existing systems.
An example is insightsoftware, a financial reporting software provider that transitioned from on-premise licenses to Software-as-a-Service (SaaS) subscriptions. NetSuite empowered them to make this fundamental change in their business quickly and successfully to improve margins and spread cash flow more evenly. The agility to switch models and avoid significant reengineering costs is invaluable.
Onboarding More Users
NetSuite’s role-based interface and unlimited user pricing model make it straightforward to add employees as your headcount grows. There’s no need to pay for additional software licenses or perform intricate IT setup tasks. Users simply log in for secure access tailored to their job function.
As an example, transaction tax automation expert Vertex scaled to over 1,200 global employees in six countries using NetSuite’s flexibility. Despite complexity from multiple entities, currencies, and regulations, they achieve efficiency for controllers, procurement teams, sales reps and other roles thanks to easily customized experiences.
Accommodating Activity Surges
Seasonal spikes, promotions, new product releases, and other situations drive temporary activity bursts that legacy systems can’t handle. NetSuite’s cloud-native capacity to scale up/down prevents slowdowns. The platform easily soaks up even 10X transaction increases without disruption.
For instance, OWC experienced a 50% rise in holiday sales shipping over 32,000 orders in 30 days. NetSuite’s reliability withstood this peak demand, enabling them to fulfill orders accurately and deliver an exceptional customer experience. The scalable infrastructure ensures they can manage even greater future growth.
Why Choose Anchor Group as Your NetSuite Implementation Partner?
Selecting the Right Partner
Selecting the right partner vastly impacts your NetSuite ROI and probability of a successful NetSuite implementation. As a NetSuite 5-Star Partner focused exclusively on NetSuite, Anchor Group brings proven expertise that empowers rapid growth.
Industry-Specific Solutions
We build solutions tailored for several industries like manufacturing, software, services, distribution, retail and ecommerce. These vertical versions of NetSuite accelerate implementations by 70% as they require less customization. We leverage two decades of industry best practices into these offerings.
Fast Implementation
Our Launch methodology rapidly gets you up and running on NetSuite in 100 days or less thanks to embedded leading practices. Cross-functional teams collaborate to configure, test, migrate data and go live quickly with this approach. We even back it up with a 100% guarantee.
Client Success
Our Client Success Program helps you continually optimize NetSuite and also plan for what’s ahead. We provide advice to help meet strategic targets as well as monitor KPIs to proactively catch any issues. This prevents stagnation and ensures you flexibly evolve.
Value Realization
We help uncover opportunities to achieve a higher NetSuite ROI through tactical quick wins and longer-term strategic initiatives. Examples range from supply chain enhancements to financial consolidations and process automation.
Premier NetSuite Developer
Our full lifecycle services ranging from version upgrades to custom development streamline long-term management. Anchor Group holds Premier status across all five of NetSuite’s development practices ensuring abilities to personalize functionality.
The Bottom Line
Anchor Group has an unmatched record of nearly 300 successful NetSuite deployments. Our expertise at scaling, enhancing and supporting the platform enables rapid business growth. Contact us for a strategic discussion about your growth goals and how NetSuite implementation can pave the way for dominating your market.
