NetSuite for Agencies

NetSuite for Agencies Guide

What does NetSuite for Agencies offer?

NetSuite for Agencies is a cloud-based enterprise resource planning (ERP) solution tailored to meet the unique needs and challenges of advertising, marketing, PR, and digital agencies. It offers a range of features and modules designed to help agencies streamline their operations, improve efficiency, and enhance client service. Some key offerings of NetSuite for Agencies include:

1. Financial Management: NetSuite's financial management module helps agencies maintain accurate and up-to-date financial records, ensuring effective management of their finances. This includes general ledger, accounts payable, accounts receivable, cash management, and financial reporting.

2. Project Management: NetSuite enables agencies to manage projects effectively, from project initiation to completion. This includes tracking project costs, resources, milestones, and timelines, helping agencies deliver projects on time and within budget.

3. Resource Management: NetSuite helps agencies optimize resource allocation and utilization, ensuring the right resources are assigned to the right projects at the right time. This results in improved project outcomes and increased profitability.

4. Customer Relationship Management (CRM): NetSuite's CRM module enables agencies to manage and track customer interactions, leads, and opportunities, ensuring effective communication with potential and existing clients. This results in better client relationships and improved sales performance.

5. Time and Expense Management: Agencies can use NetSuite to track employee time and expenses, ensuring accurate billing and cost management for projects. This feature is essential for managing project budgets and evaluating profitability.

6. Business Intelligence and Reporting: NetSuite's built-in reporting and analytics tools provide agencies with insights and information needed for data-driven decision-making. Customizable dashboards and real-time data analysis help agencies monitor key performance indicators (KPIs) and make informed decisions to optimize their operations.

7. Integration and Customization: NetSuite can be easily integrated with other software applications, allowing agencies to create a unified system that meets their specific needs. Additionally, NetSuite offers customization options that enable agencies to tailor the platform to suit their unique business requirements.

8. Scalability: As a cloud-based solution, NetSuite can easily scale with an agency's growth. Agencies can add new features, users, or clients as needed without worrying about hardware limitations or significant IT investments.

9. Mobility and Accessibility: Being a cloud-based solution, NetSuite can be accessed from anywhere with an internet connection, making it convenient for agency professionals who need access to critical business data while on-the-go.

What are the benefits of NetSuite for Agencies?

NetSuite for Agencies offers numerous benefits for advertising, marketing, PR, and digital agencies by providing a comprehensive and flexible solution tailored to the industry's unique needs. Some key benefits include:

1. Streamlined Operations: NetSuite helps agencies automate manual processes, improve efficiency, and reduce errors, leading to more streamlined operations and better client service.

2. Enhanced Financial Management: With robust financial management tools, NetSuite enables agencies to maintain accurate financial records, optimize cash flow, and improve overall financial performance.

3. Improved Project Management: NetSuite's project management features help agencies track project costs, resources, milestones, and timelines, ensuring projects are delivered on time and within budget.

4. Effective Resource Management: NetSuite's resource management capabilities help agencies optimize resource allocation and utilization, resulting in improved project outcomes and increased profitability.

5. Better Customer Relationship Management: NetSuite's CRM module allows agencies to manage and track customer interactions, leads, and opportunities, resulting in better client relationships and improved sales performance.

6. Accurate Time and Expense Tracking: Agencies can use NetSuite to track employee time and expenses, ensuring accurate billing and cost management for projects.

7. Data-driven Decision Making: NetSuite's business intelligence and reporting tools provide real-time insights into agency performance, empowering agencies to make data-driven decisions and optimize their operations.

8. Integration and Customization: NetSuite can be integrated with other software applications, creating a unified platform tailored to the unique needs of agencies. Customization options further allow agencies to adapt the solution to their specific requirements.

9. Scalability and Accessibility: Being a cloud-based solution, NetSuite can easily scale with an agency's growth, and it can be accessed from anywhere with an internet connection, providing flexibility and convenience for agency professionals.

Which agencies use NetSuite?

Numerous agencies across advertising, marketing, PR, and digital industries have adopted NetSuite to streamline their operations, improve financial performance, and enhance client service. While it's difficult to provide an exhaustive list, here are a few examples of agencies using NetSuite:

1. Digital Operative: A digital marketing agency specializing in e-commerce, web development, and online marketing strategy. Digital Operative uses NetSuite to manage its financials, project management, and CRM.

2. LiveArea: A global customer experience and e-commerce agency, LiveArea leverages NetSuite for financial management, project management, resource management, and CRM.

3. AMP Agency: A full-service marketing and advertising agency, AMP Agency uses NetSuite for financial management, project management, CRM, and resource management.

4. 360i: A digital marketing agency specializing in search, social, and content marketing, 360i utilizes NetSuite to manage its financials, project management, CRM, and resource management.

5. 5W Public Relations: A PR agency headquartered in New York City, 5W Public Relations uses NetSuite to manage its financials, project management, CRM, and resource management.

How much does NetSuite for agencies cost?

The cost of NetSuite for agencies, like other industries, depends on several factors, such as the number of users, the required modules or features, and the level of customization needed. As a result, the cost of NetSuite for agencies can vary significantly based on their specific needs and requirements.

NetSuite offers subscription-based pricing, billed annually or monthly. The base cost includes access to the core ERP platform, which covers financial management, CRM, and other essential business functions. Additional modules or features, such as project management, resource management, or third-party integrations, may incur additional costs.