Overview

For many businesses, the decision to implement a new ERP platform stems from organizational growth objectives and the lack of an integrated software. However, for businesses which have been around for much longer, the need may stem from outdated legacy platforms. Also, there are multiple instances where these legacy platforms are no longer supported by product vendors, or the business has changed and the existing platforms are no longer appropriate.

At a certain level of growth, it is hard to keep things under control without specialized tools.

Key Industry Trends

The recent trends being observed in Small to Medium Enterprises (SME’s) indicate that over 50% of these SME’s are moving to Cloud based ERP’s.

Solution

NetSuite is a cloud-based business management software which helps companies manage core business processes with a single, fully integrated system covering enterprise resource planning (ERP), financials, customer relationship management (CRM), e-commerce, inventory, and much more.

Benefits

• Due to multi-tenant Cloud ERP offerings, Product is always updated and hence huge savings from costly product upgrades
• Flexibility of usage
• Opex only
• Cloud ERP reaches across the business
• Commerce-ready ERP
• Business Intelligence for All
• Real-time financial management in the cloud
• Real-time Reporting and Analytics
• Effective Compliance and Controls
• Extend processes to customers, suppliers, and partners
• Customize and extend NetSuite with SuiteFlex

Market Drivers

• Ever changing business scenarios; Organizations need an agile and scalable ERP system that handles core operations well
• Product Out of Support: CIO’s looking for avoiding costly ERP upgrades due to current version going out of support
• Fast deployment in new M&A companies
• Ease of separation of systems in case of business sell-out
• Minimal customization
• Easy to Integrate with Third party systems

Industry Scenarios

ERP is becoming integral to the mainstream business and to benefit the bottom line businesses are increasingly taking full advantage of the time and money saving of these ERP solutions. Many organizations utilize the ERP capabilities for

• Business performance improvement
• Company growth positioning
• Working capital reduction

Tech Mahindra Advantage…

• Working relationship with NetSuite and joint GTM strategy with NetSuite
• Strong legacy of niche ERP competencies such as IFS, BPCS, Syteline etc.
• Key Solution Offerings: Implementation, Customization, Integration with third party and Steady state Support
• Growing competency with NetSuite ERP and Suite Commerce expertise