Glossary of terms: NetSuite for eCommerce
 

Advanced Analytics

Tools within NetSuite that provide deep insights into business performance, trends, and forecasts through customizable dashboards and reports

Automated Reordering

A feature in NetSuite that generates purchase orders automatically based on inventory levels and predefined criteria, ensuring optimal stock levels.

Billing and Invoicing

Automated processes in NetSuite for generating and sending invoices, tracking payments, and managing billing cycles to ensure timely and accurate financial transactions.

Business Intelligence (BI)

NetSuite’s integrated BI tools that provide real-time analytics and data visualization to support strategic decision-making. Get GURUS BI for NetSuite here.

Customer Relationship Management (CRM)

A suite of tools in NetSuite designed to manage customer interactions, data, and processes, enhancing customer satisfaction and loyalty through personalized marketing and seamless service.

Customizable Dashboards

Personalized user interfaces in NetSuite that display key performance indicators (KPIs), metrics, and other important data relevant to individual roles within an organization.

Demand Planning

NetSuite’s capability to forecast inventory needs based on historical data, sales trends, and market analysis, helping businesses maintain optimal stock levels and reduce carrying costs.

Data Integration

The process of consolidating data from various sources into NetSuite’s unified platform, providing a single source of truth for all business operations.

eCommerce

The buying and selling of goods and services over the internet. NetSuite supports eCommerce businesses by integrating online sales with backend operations like inventory, order management, and financials.

eCommerce Integration

The seamless connection between NetSuite and eCommerce platforms, enabling synchronized management of inventory, orders, customer data, and financials.

Expense Management

Tools within NetSuite for tracking, approving, and managing business expenses, ensuring cost control and financial accuracy.

Financial Management

Comprehensive tools in NetSuite for managing accounting, billing, revenue recognition, and financial reporting, providing real-time visibility into the financial health of the business.

Forecasting Tools

NetSuite’s predictive analytics capabilities that help businesses anticipate future trends, sales, and resource needs for strategic planning.

Global Inventory Management

NetSuite’s ability to manage inventory across multiple locations and countries, supporting global operations with features like multi-currency and multi-language capabilities.

Integrated Financial Management

The integration of all financial processes within NetSuite, including accounting, billing, and financial reporting, to streamline operations and provide a holistic view of the business’s financial status.

Inventory Management

The process of overseeing and controlling the ordering, storage, and use of components that a company uses in the production of the items it sells, as well as managing the quantities of finished products for sale.

Inventory Tracking

Real-time monitoring of inventory levels, locations, and movements within NetSuite, ensuring accurate and efficient stock management.

Inventory & Order Management

Tools in NetSuite that help businesses efficiently manage stock levels, orders, and fulfillment processes, ensuring accurate tracking and timely delivery of products.

Multi-Currency Support

NetSuite’s feature that allows businesses to conduct transactions in multiple currencies, with automatic currency conversion and reporting.

Multi-Language Capabilities: 

The ability of NetSuite to support multiple languages, enabling businesses to operate and communicate effectively in different regions.

Mobile

Refers to the mobile access and capabilities of NetSuite, allowing users to manage their eCommerce business operations on-the-go through mobile devices.

Order Fulfillment

The process within NetSuite that automates and optimizes order processing, from order receipt to delivery, ensuring timely and accurate fulfillment.

Personalized Marketing

NetSuite’s tools for creating targeted marketing campaigns based on customer behavior and preferences, enhancing customer engagement and conversion rates.

Point of Sale (POS)

Systems that manage the checkout process in physical stores, integrated with NetSuite to ensure seamless synchronization with inventory and financial data.

Predictive Analytics

Advanced analytical tools in NetSuite that use historical data to forecast future trends, helping businesses make informed strategic decisions.

Real-Time Financial Reporting

he ability of NetSuite to generate up-to-date financial reports, providing immediate insights into the financial performance and health of the business.

Resource Allocation

Tools in NetSuite for optimizing the assignment of resources to projects and tasks, ensuring efficient utilization and productivity.

Scalability

NetSuite’s capability to grow with a business, providing scalable solutions that support increasing operational demands and global expansion.

Store

Refers to the integration of physical retail store operations with NetSuite, allowing seamless management of inventory, sales, and customer data.

Tax Compliance

NetSuite’s automated tools for managing and ensuring compliance with tax regulations across different regions, reducing the risk of errors and penalties.

Web

Refers to the web-based access and capabilities of NetSuite, enabling users to manage their eCommerce operations from any internet-connected device.

Workflow Automation

NetSuite’s feature that automates routine business processes, improving efficiency and reducing manual errors by streamlining operations.

NetSuite ERP offers a comprehensive suite of tools tailored to the needs of eCommerce businesses. From inventory management and order fulfillment to financial reporting and customer relationship management, NetSuite provides the integrated solutions necessary for efficient and scalable operations. 

By leveraging NetSuite’s capabilities, eCommerce businesses can enhance profitability, improve customer satisfaction, and drive sustainable growth. For more information explore the NetSuite for eCommerce page, or fill out the form below to contact a GURUS representative.

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