NetSuite Industries
Newtec is a leading provider of NetSuite solutions for businesses across various industries. Whether in retail, consulting, manufacturing, or even gaming, Newtec leverages the power of NetSuite to deliver reliable and cost-effective solutions that drive business success.
Who We Work With
Newtec is able to handle these Industries below in which NetSuite is a proven success:
Point of Sale
Having a handy view of inventory and customer information for seamless order management
E-commerce
Integration with your online platform and connect the data to NetSuite for real time visibility
Inventory Management
Proper tracking of stock across all stores and automations of item ordering
Time and Expense Automation
Develop an automation of entering time and expenses for consultants
NetSuite Services Resource Planning
An end-to-end resource planning system for seamless Project tracking
Profitability Reports
View Project Profitability and match your project costs and project revenue for efficient tracking and visibility
Financial Management
Get a full visibility of the financials using accounting-intelligent capabilities and real-time reporting
Business Intelligence
Ability to see a 360-degree view of each Customer and their transactions
Budgeting and Forecasting
Compare Budget vs Actuals on a rolling period and analyze variances
Resource Utilization
Identify resources and match them with the right project, measure utilization rate by the use of the utilization report.
Timeline Management
Get a view of the milestones and gantt charts and be able to share them with clients for transparency
Project Profitability
View a project profitability report and analyze gaps
Demand Planning
Plan and schedule item ordering and make sure the inventory is always replenished.
Procurement
Simplified process of purchasing based on inventory usage and remaining on hand.
Work Orders and Assembly Builds
Seamless process from creating work orders to building assemblies, and easy tracking of stock consumption.
Landed cost
Automation of the landed cost feature for item costing
Warehouse Automation
Using of bar code scanners for seamless warehouse processes
Financials
Real-time financial reports and tracking of cost of goods sold across the whole operations
Recurring Billing
Automate processing for recurring transactions
Contracts and Renewals
Proper management of contracts and easier tracking of renewals
Revenue Recognition
Develop a revenue recognition process for both recurring and non-recurring revenue
Dimensions and Revenue Streams
Generate profitability / revenue report per dimension and revenue stream for easier financial analysis
Invoice Email Automation
Automate the sending of invoice emails to customers and tracking of customer communication
Approval Processes
Ability to configure an approval process on transactions being processed by multiple departments
Consolidation
Generate real-time consolidated reporting for multiple subsidiaries
Multiple Currencies
Seamlessly manage multiple currencies and translation reporting
Intercompany Transactions
Manage intercompany transactions and automation of elimination entries
Newtec Capabilities
The Newtec NetSuite team has a combined experience of 60+ Successful NetSuite End-to-End Implementations over 14 years. Here are some NetSuite Modules that we are expert on:
- NetSuite ERP and Financials
- NetSuite One World
- Order to Cash
- Procure to Pay
- Record to Report
- Design to Build
- Manufacturing and Assemblies
- Warehouse Management
- NetSuite Demand Planning
- Advanced Inventory Management
- Advanced Procurement
- Advanced Billing
- Advanced Financials
- Project Management
- Advanced Taxes and SuiteTax
- Fixed Assets Management
- Suite Analytics
- Bank EFT Integrations
- Multi-Book Accounting
- NetSuite SuitePeople HR
- Customer Relationship Management
- 3rd-Party NetSuite Integrations
- NetSuite SuiteCommerce
- NetSuite Connector
Why Work With Newtec?
The NetSuite Core Product has a lot of included Features, and other Clients may not need any additional modules. There are some businesses, however, that have unique requirements that may need added capabilities for their specific market niche.
The Newtec NetSuite Team can effectively help you scope your needs and maximize your NetSuite use. We go for a simpler approach – the simpler the processes are, the more efficient the users will be. We map the solutions that are more fitting for the requirement, and we make use of all available features on the NetSuite Core – that is where the experts come into play. If the client requirement is too complex for the NetSuite Core and if we identify that it will be a vital part of the business process – that’s the only time we will recommend any additional module that will fit the business process.
These judgments can be made only by NetSuite Experts – who know NetSuite inside and out – and know how to utilize all features already provided by NetSuite – to effectively save the Clients both time and money.
