You’re the navigator. The ones helping organisations read the conditions, trim the sails and navigate the choppy waters of business. The people making sure that everyone knows what they have to spend, save, and send overboard.
When it comes to financial efficiency, accounting firms play a pretty substantial role in guiding businesses – and the economy – in the right direction.
From harbour to high seas: when clients outgrow basic tools
But are your systems working for you and giving you the insights you need? And do you have what you need to put some wind in your organisational sails?
Accounting firms often start with or utilise heavy financial tools like Xero, an elegant tool for managing money. And while Xero has a great niche for finance, it is superseded by other, more powerful tools that link all parts of a business for better insights.
So let’s talk about NetSuite, an advanced cloud-based ERP that’s designed to manage end-to-end business processes.
Knowing your jib from your rigging
Let’s cover the basics. Like so many ERP solutions out there, both NetSuite and Xero have robust accounting and financial management features that help businesses manage their money efficiently. As the metaphor goes, they’re both solid ships to take out on the ocean.
Xero is renowned as a beautiful and intuitive accounting software, making it easy for small- to medium-sized businesses who need seamless bank reconciliation, real-time cashflow tracking, and user-friendly invoicing. And thanks to its sleek design, ease of use, and affordability, it’s a favourite with its users – particularly start-ups, smaller operations, and organisations with relatively simple operational needs.
For those businesses reaching the next level, NetSuite is there to meet their needs. A robust enterprise resource planning system designed for businesses ready to scale, NetSuite provides an all-in-one design, adding in more features to help growing businesses to tackle things like CRM, inventory, and supply chain functions alongside meeting their financial needs. That’s why NetSuite is so popular with fast-growing businesses that want function, flexibility and speed – especially as they scale across borders or into intricate workflows.
If Xero is a smart liveaboard yacht, then NetSuite is a launch with four engines, a fully-stocked kitchen, and a fleet of life rafts. When it comes to growth, and servicing more clients with ease, NetSuite takes your business to the next level.
Six great reasons why NetSuite is right for you – and your clients
1. Real-Time Financial Insights (better charts, better calls)
To be a good sailor, you need to know how to read the sea. To make good business decisions, you need good data. With NetSuite, clients gain real-time visibility into their financial health through customisable dashboards and advanced reporting. This enables accountants to provide timely, data-driven advice, and improve their strategic decision-making.
2. Scalability for Growing Businesses (from inshore to offshore)
Many accounting clients outgrow their existing systems as they expand. And that’s a great problem to have – but it’s still a problem. For those businesses reaching the next level, NetSuite is there to meet their needs. A robust enterprise resource planning system designed for businesses ready to scale, NetSuite provides an all-in-one design, adding in more features to help growing businesses to tackle things like CRM, inventory, and supply chain functions alongside facilitating their financial needs.
3. Streamlined Processes (less rope-pulling, more progress)
One of the best things for any business is to eliminate manual repetitive tasks like reconciliations, expense reporting, and tax compliance. They’re time consuming, tedious, and take your people away from those jobs that add value to business. So rather than pulling ropes all day, let’s put a motor on the winches and save some labour. NetSuite is designed to help you and your clients streamline your operations – and in so doing, eliminate errors, save time, and reduce operational bottlenecks for clients.
4. Multi-Entity and Global Management (complexity made calm)
Xero is best designed for small businesses who need a single location set-up and some basic insights. For clients operating across multiple locations or countries, NetSuite simplifies multi-entity accounting, foreign currency management, and compliance with international regulations. That way, expanding into new territories and handling complex transactions is a breeze.
5. Value-Added Services (from service provider to pilot)
Recommending NetSuite positions accounting firms as strategic partners rather than service providers. When you’re offering a better system that benefits not just their finances, but also their strategic moves and growth, you become invaluable. -With NetSuite, you can be behind the scenes across implementation consulting, system customisation, and ongoing support, creating additional revenue streams.
6. Cloud velocity (always the latest rig)
As a cloud-based system, NetSuite ensures that businesses stay ahead with automatic updates and new features, sparing clients from outdated software constraints. You’ll always have the most up-to-date version of NetSuite, and so will your clients. Plus remote access, automatic updates and scalability come as standard, so businesses can adapt quickly, and without having to invest in expensive on-site infrastructure.
Why Promote NetSuite to Clients?
You benefit when your clients operate efficiently unaffected by the prevailing wind. Smarter, more efficient businesses are just easier to work with, and more profitable.
While tools like Xero are still great for SMBs and start-ups who have simple needs, ambitious businesses that are growing benefit from more powerful tools that meet a range of needs and solve problems before they happen.
When you recommend NetSuite, you strengthen your client trust through better insights and guidance. You also help drive their operational excellence, allowing them to focus on working on the business rather than in it. You create opportunities for long-term partnerships through continued ERP consulting. And, best of all, you make your accounting life that bit easier.
So yes, NetSuite is an ERP system that’ll help clients with everything from their finance to their customer relationships and more. But it’s also a tool for fostering client success.
Accounting firms that embrace NetSuite position themselves as forward-thinking advisors who know how to provide some certainty on the choppy waters of business. NetSuite is the platform to set your course.
