Why Netsuite Is A Perfect ERP Solution For Health & Beauty Industry?

Common pain-points of Health & Beauty Industry are listed below.

1. If we talk of Health & Beauty Industry, it may require as many as six to 12 on-premise legacy point systems (Heavily Customized & Integrated). Maintaining & upgrading multiple systems is a costly affair and requires huge upfront cost.
2. When data is stored across multiple systems, it may create data silos. Due to this, companies also lacked a single version of the truth. Inconsistency in data and lack of real-time visibility is a roadblock in delivering great customer experiences.
3. Without proper tools and data, employees aren’t empowered to provide experiences that stand out to customers.
4. Constantly changing government and industry regulations, escalating pressure to control costs and an increasingly complex competitive landscape.

Why NetSuite for Health & Beauty Industry?

1. For companies that use traditional back-end ERP along with multiple front-end systems, NetSuite, as unified business management solution, brings together the back-end system of recordand front-end system of engagement into a single system.
2. NetSuite simplifies compliance with GAAP, FASB, SEC and AICPA regulations and standards. NetSuite also ensures individual accountability through a complete audit trail of all processes and transactions. It also facilitates SOX Section 404 compliance to support internal controls.
3. Organizations that are required to meet regulations such as HIPAA, GLBA, state and federal privacy regulations can specify encryption and tokenization for any NetSuite data, be it form fields or files.
4. NetSuite streamlines operations across multiple locations and provides real-time consolidation and visibility at the local, regional and headquarter levels within a single system. You can also develop standard business processes and deploy them across their divisions and subsidiaries to meet regulatory financial compliance requirements.
5. You can easily streamline your order management process by configuring rules and preferences. You can split orders, see and manage exceptions, and have full visibility throughout all steps of the ordering and fulfillment process.

Concluding Remarks

NetSuite is the leading Cloud ERP for Health & Beauty Industry that helps you to deliver great experience by providing a 360° view of the customer to all parts of the organization. From streamlining your processes across financials to operations, NetSuite reduces the burden on IT and integrates with key practice management software such as Epic, Allscripts and Athena. Leveraging powerful customization and integration capabilities of NetSuite, you can extend it to fit your unique business needs, now and into the future.