What is NetSuite? A Cloud-Based ERP Solution Guide
Manage your finance, manufacturing, sales, and operations on a single platform with Oracle NetSuite.
What is NetSuite?
NetSuite is a cloud ERP software that was founded in 1998 and acquired by Oracle in 2016, operating on a SaaS (Software as a Service) model. Unlike traditional on-premise ERP systems, NetSuite runs entirely in a browser; it does not require server investments, hardware procurement, or an IT team.
Running on a single database, NetSuite centralizes all operational data—such as accounting, sales, purchasing, inventory, production, customer relationship management, and e-commerce—on a unified platform in real time. This structure eliminates data silos between departments, accelerates reporting processes, and improves decision-making capabilities.
The key advantage of NetSuite is its ability to scale from small and medium-sized businesses to multinational corporations. For single-location companies, NetSuite ERP is used, while for multi-company structures, NetSuite OneWorld is utilized.
Strengthen Your Business Processes with NetSuite
NetSuite is a cloud-based enterprise resource planning (ERP) solution developed by Oracle and used by more than 41,000 organizations worldwide. It enables you to manage all your business processes—such as finance, manufacturing, supply chain, e-commerce, CRM, and human resources—on a single integrated platform. As Oracle NetSuite’s official solution partner in Türkiye, Novacon provides end-to-end consulting services, from NetSuite ERP implementation to post-go-live support. On this page, you will find what NetSuite is, which modules it includes, who it is suitable for, and how you can acquire it in Türkiye.
Why NetSuite?
- Efficient: Cloud delivery eliminates on-premise IT costs.
- Integrated: The ERP, CRM, and e-commerce suite reduces cycle times and errors.
- Visibility: Real-time dashboards and analytics eliminate spreadsheets.
- Anywhere: Browser and mobile access allows you to work from anywhere.
- Global: As you scale, information across multiple entities grows proportionally.
- Adaptable: Customize safely without risking version lock.
- Up-to-date: Automatic upgrades deliver the latest innovations.
NetSuite Advantages
- The ability to manage all core processes in an integrated system and improve financial operational efficiency.
- Managing all period-end close activities to reduce the time and resources spent investigating and resolving errors.
- Providing revenue recognition, tax compliance, and financial reporting in accordance with various accounting standards and government regulations.
- The ability to view consolidated financial results for any part of the business in real time, both in summary and in detail.
NetSuite Modules and Features
NetSuite offers a comprehensive set of modules to help you manage all your core business processes on a single platform. You can use all modules together or individually based on your needs.
Financial Management
NetSuite Financial Management covers all accounting processes such as general ledger, accounts receivable/payable, fixed asset management, bank reconciliation, and financial reporting. It supports IFRS, US GAAP, and TFRS-compliant reporting in Türkiye. It reduces period-end closing times by an average of 20–50%.
Financial Planning and Budgeting (NetSuite Planning & Budgeting)
It is a module designed for budgeting, forecasting, and scenario analysis. It eliminates Excel-based manual budgeting processes and enables department-level budget participation and approval workflows to be managed within the system.
Manufacturing Management
It provides work order management, bill of materials (BOM), routing planning, capacity management, and real-time shop floor tracking for process and assembly manufacturing. It supports all manufacturing models: Make-to-Stock, Make-to-Order, and Engineer-to-Order.
Supply Chain and Inventory Management
It unifies multi-warehouse inventory management, demand planning, MRP (Material Requirements Planning), supplier management, and procurement processes into a single workflow. It optimizes stock levels, reducing both stockouts and overstock risks.
CRM and Marketing Automation
NetSuite CRM provides lead management, sales opportunity tracking, campaign management, email marketing, and customer service processes in a single dashboard. Since it shares the same database as the ERP system, the sales team can instantly access customer payment history and open orders.
E-Commerce Management (SuiteCommerce)
With SuiteCommerce, you can manage both B2B and B2C e-commerce sites directly within NetSuite. Order, inventory, customer, and payment data are automatically synchronized with the core ERP system, eliminating the need for integration with a separate e-commerce platform.
Human Resources (SuitePeople)
SuitePeople covers payroll, leave management, performance evaluations, and HR self-service processes. It reflects employee costs in financial reports in real time.
Order Management and Billing
It automates the entire order management process from quotation to fulfillment, invoicing, and collection. It unifies omnichannel sales processes (store, e-commerce, B2B portal) within a single system.
Who is NetSuite ERP Suitable For?
NetSuite is designed for growth-oriented businesses regardless of industry. It delivers high value particularly for the following company profiles:
- Fast-growing mid-sized companies: Businesses where existing accounting software or Excel-based processes are no longer sufficient.
- Companies with international subsidiaries: NetSuite OneWorld is the ideal solution for holding structures managing multi-company, multi-currency, and multi-country operations.
- E-commerce-focused businesses: Brands looking to unify online sales and physical inventory processes that are currently managed in separate systems.
- Manufacturing companies: Small to mid-sized manufacturers seeking integrated management of production planning, procurement, and finance processes.
- Professional services firms: Consulting, engineering, and software companies that require project-based time and expense tracking.
- Retail and wholesale distributors: Businesses aiming to centrally manage multi-location inventory and sales processes.
In general, NetSuite is a cost-effective and sustainable investment for companies with an annual revenue of 5 million TRY or more and at least 25–30 employees.
NetSuite ERP
Today, organizations require flexible financial management solutions that can adapt to evolving business needs. NetSuite ERP helps you control IT costs, improve accounting efficiency, streamline order and procurement processes, and eliminate manual spreadsheet-based reporting.
By simplifying mission-critical processes, NetSuite enables businesses to focus on their core operations and respond quickly to new market opportunities. It provides transparency and control across finance, supply chain, billing, and other key functions.
As a cloud-based solution, NetSuite ERP allows you to intelligently and efficiently manage complex business processes—from budgeting and logistics to production planning, project management, and financial operations. With real-time data access, you can make confident decisions at every step.
Global Business Management in the Cloud
NetSuite OneWorld provides a real-time, unified global business management platform for companies managing multinational and multi-subsidiary operations at a fraction of the cost of traditional on-premise ERP solutions. It helps global businesses improve operational efficiency by delivering real-time visibility, financial consolidation, and flexibility to tailor the solution to specific enterprise and subsidiary requirements.
It connects e-commerce, accounting, customer data, sales pipelines, and marketing initiatives to give you a comprehensive view of your business. And because everything is cloud-based, you can access up-to-date information anytime, from any device.
- 50% or more reduction in IT costs
- 20–50% faster financial close
- 50% reduction in order-to-cash processes
- 50% reduction in audit preparation time
- 25–75% reduction in billing costs for promotional processes
- 10–20% reduction in Days Sales Outstanding (DSO)
- Seamless integration with ERP, CRM, EDI, and order fulfillment systems
- Secure data exchange with enterprise applications
- Improved business intelligence and optimized operational outcomes
- Elimination of manual integration processes
- Reduced need for custom coding by leveraging APIs
- Data validation and transformation capabilities
- Connection of application data flows to EDI systems
NetSuite OneWorld — For Multi-Company Operations
NetSuite OneWorld is a specialized edition designed for corporate structures that require multi-subsidiary operations, multi-country presence, and multi-currency management. It is commonly used by holding companies in Türkiye, organizations with international subsidiaries, and enterprises running global operations.
Key benefits of OneWorld include:
- Consolidated Financial Reporting: Financial data from all subsidiaries is consolidated in real time.
- Multi-Currency Support: Supports over 190 currencies and automatically calculates exchange rate differences.
- Multi-Country Tax Compliance: Built-in configurations for compliance with each country’s tax regulations.
- Subsidiary-Level Customization: Each subsidiary can be customized independently without affecting the global structure.
- Rapid New Entity Setup: New subsidiaries or countries can be activated in NetSuite within weeks.
Companies using NetSuite OneWorld typically achieve 50% lower IT costs, 20–50% faster financial close, and 50% faster audit preparation.
Global Business Management in the Cloud
- Real-time financial and operational consolidation – to accelerate financial close and simplify reporting.
- Instant visibility – ensuring that everyone, from headquarters to subsidiaries, has access to the information they need.
- Multi-currency, multi-tax, and multi-country intelligence – including legal, fiscal rules, and reporting requirements.
- Flexible customization – to meet the needs of each subsidiary.
- Fast, cost-effective deployment – so you can quickly bring every business unit and geography online.
NetSuite CRM Marketing Automation
Plan, manage, execute, and track campaign performance and ROI in real time to maximize the value of your leads and opportunities. Easily run campaigns across multiple channels, align them with sales targets, and quickly convert prospects into customers. Deliver relevant content to leads at the right time to shorten the sales cycle.
- Capture leads from multiple sources including websites, search engines, email, direct mail, and events.
- Email marketing—from creation to execution and measurement—all within a single system.
- Campaign analysis through full reporting and analytics, including ROI calculation from campaign initiation to final order processing.
- Facilitates sales and marketing alignment through analysis of historical purchase patterns and combinations.