The economy of India is multifaceted, having different sectors. A manufacturer’s requirements are different from a retailer’s. An IT company’s operations differ from construction firms. And yet, so many people are trying to use the same generic ERP system. This invariably causes friction, inefficiency, and missed opportunities.  

Imagine for a minute if your business software actually understood your industry’s core and nuances. Imagine it is also pre-loaded with the most relevant best practices for your sector. That’s the value NetSuite Cloud ERP brings. One system, and yet it’s capable of fluently speaking the languages of five different industries.  

Let’s look at how NetSuite provides unique value for the top five sectors in India.

1. Manufacturing: Supporting the Make in India Campaign

Indian manufacturers have great global opportunities at their disposal. But so do your competitors. And so do complex supply chains. This is why your ERP is the most important thing for the floor of your factory.  

Key NetSuite Features for Manufacturing 
Production Control: From raw materials to finished products, run your entire shop floor confidently.
Supply Chain Management: Visibility extends from your supplier all the way to your customer.
Quality Management: Audit and enforce unquestionable compliance. 
Cost Accounting: Calculate the actual cost of each of the items produced.

The NetSuite Difference:

The NetSuite system enables you to maintain production visibility and manage work order tracking. Manage the maintenance of your machines to optimize your inventory levels. This transforms your manufacturing unit into a competitive weapon.

2 IT and ITES: Managing the Intellectual Capital and the Projects

Your business is all about projects, people, billable hours, project margins, and resource utilization. These indicators determine your success.

Key NetSuite Features for IT Services –

NetSuite PSA: Monitor the profitability of the project in real-time. 
Resource Management: Put the right skill into the right projects. 
Time and Expense Tracking: Document all billable hours and expenses. 
Client Portal: Allow your clients to view the project status. 

The NetSuite Difference: 

NetSuite PSA provides you with clarity of view at the project level in terms of revenue and expenditure. You will know which one of the projects is profitable and which ones are not. Don’t make decisions based on gut feelings. 

3. Retail and E-commerce: Integrating Both Physical and Digital Stores

The Indian retail sector is in a transformational phase. The offline and the online stores are coming together. Your systems need to keep pace with consumer expectations. 

Key NetSuite Features for Retail  

SuiteCommerce: Enable your online store and have your ERP integrated.
Omnichannel Inventory: Synchronize and track your inventory across all your stores and warehouses.  
Customer Analytics: Gain insight into customer spending patterns across different channels.  
Unified POS: Integrate your stores into your head office for computing.

The NetSuite Difference:

SuiteCommerce is not its own product. It is included in your NetSuite system. This means your online and offline channels operate on the same data. Simply put, the same information.  

4. Financial Services: Building Trust with Transparency 

For you, the product is trust. The promise is accuracy. The systems you have in place need to reflect outstanding compliance and outstanding client servicing. 

Key NetSuite Features for Financial Services 

• Robust Security: Safeguard your client’s financial information.  
• Audit Trails: Provide evidence of your compliance.  
• Client Management: NetSuite CRM software provides a complete view of your client.  
• Multi-Entity Management: Manage complex structures with ease.  

The NetSuite Difference: 

NetSuite offers the control framework that financial service providers need. Maintaining compliance is often a challenge, but with NetSuite, excellent client service is a reality.

5. Construction and Engineering: Building India’s Infrastructure

Your margins are thin, and your projects are big. Your ERP needs to deliver project control and financial transparency.

Key NetSuite Features for Construction

• Project Management: Monitor and control complex, multiple-phase construction projects.
• Job Costing: Gain insight into an element’s individual costs 
• Equipment Management: Oversee machinery on different job sites.
• Subcontractor Management: Control partner relationships and their payments.

The NetSuite Difference: 

NetSuite considers each project independently as a profit center, allowing you to monitor financial performance in real time rather than waiting until project completion. 

Conclusion

NetSuite’s fully integrated system and distinct functionalities bolster each facet of a business, and with each NetSuite module for a business’s different functions, a powerful platform deserves to be in the best of hands for each module. This is where NetSuite partners really matter.  

With SoftCore Solutions, a top Oracle NetSuite solution provider in India, you’re not just receiving NetSuite implementation assistance; you’re receiving an industry partner who can give you tailored solutions, not one-size-fits-all alternatives.