Goods are sold and bought gigantically across the globe. With the introduction of advanced technology and changing business world scenarios, both complexity and opportunity have emerged forthe transportation and logistics business. Highly competitive international markets and digitized omnichannel supply have demanded the data-driven insights, which usually drop-down costs and escalate delivery. Business organizations dealing with transportation & logistics need core financials to keep pace with agility and explore the constantly changing global world for new prospects.
NetSuite has come up with extensive transportation & logistics management software capabilities to deliver cloud agility and assist enterprises in shattering their limitations with the game-changing financials, streamlining their transportation management, and consolidatingtheir books.
Expeditious Financial Management
Being one of the leading cloud-based financial management solutions NetSuite ERP offers extensive support and assistance in acquiring full visibility into the integrated financials with prebuilt, accounting-intelligent capabilities. Rendering real-time financial management in the cloud, it allows businesses to accept and process electronic payments from the customers in a secure and trusted manner. Additionally, it offers power-packed capabilities to track, manage and report the book value as well as the depreciation of the company’s fixed assets.
Unified Budgeting and Forecasting
NetSuite solutions help enterprises budget, forecast and manage for efficient financial planning. With this robust feature, administrators can model and evaluate unlimited hypothetical or ‘what if’ scenarios between actual and the projected results, and update forecasts as required. Business administrators can create and consolidate driver-based plans with customized data entry sheets, reusable formulas, and allocation methods. Deploying this functionality, business administrators can avail of self-service and easy-to-use reporting across the business organization. With unified budgeting and forecasting, business personnel can avail extensive support for reducing planning cycle times, improving forecasting accuracy, and aligning the organizational processes.
Robust Revenue Management
Business administrators can automate revenue recognition with financially intelligent capabilities to report results as per the accounting standards. It enables business professionals to generate and dispatch invoices at recurring intervals and schedule renewals automatically as well. They can set reminders to pursue upsell and cross-sell opportunities. Based on the types of rates and duration needed, businesses can package and offer the service efficiently.
Inventory and Supply Chain
This inventive feature allows business personnel to control and monitor the outsourced manufacturing processes. Particularly, location irrelevances are one of the major concepts in supply chain and inventory operations. It states that the location of a product manufactured and that of a manufacturer should be entirely irrelevant. Here, NetSuite transportation management offers a global view of all inventory within the entire business organization, irrespective of its location and consumer. Business administrators can avail of a global and real-time view of inventory status, 3PL location management and full distribution requirement planning capabilities from this one of the best logistics software for multi-location planning.
Global Business Management
With the deployment of NetSuite Transportation and Logistics, business professionals can adjust for currency, taxation, and legal compliance differences at the local level, with regional and global business consolidation. Integrating it with Global CRM capabilities, one can gain visibility into every aspect of amultinational organization and manage fulfillment across multiple locations. Administrators can run multi-store e-commerce with country-specific web stores and manage websites from a single NetSuite account.
Real-time management and financial automation capabilities help enterprises reduce time to close and handle the entire global operations with transportation and logistics with a unified platform. With built-in business intelligence, you can make data-driven decisions and use improved spend management to thrive.’
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