Let’s face it, when it comes to operating a business, there are a lot of reports, documents, and data to keep track of.
To ensure scalability and success, executives have to stay on the ball and in control of profitability and revenue. For NetSuite users, it’s become an obvious choice to implement certain integrations to enhance operational efficiency in the workplace.
And while NetSuite ERP has a solid foundation with core functionalities that enable users to properly operate on a daily basis, sometimes limitations exist when it comes to certain capabilities and features.
For example, NetSuite users who rely heavily on lease management, whether it’s equipment or property, need additional software to manage their lease portfolio.
For those who decide on external applications, an integration or native module is greatly recommended. Instead of working with each system individually and subsequently importing each report via a spreadsheet, NetSuite Connector automates the process to establish a secure and accurate data connection.
What is NetSuite Connector?
As the name suggests, NetSuite Connector enables data mapping between NetSuite and your third-party applications. It automates data transfers, meaning you no longer have to manually import and export data, which ultimately cuts down on costs and delays.
By creating a centralized hub for all your crucial business reports, companies can implement a multi-channel operational strategy to keep track of all the internal – and external – activities.
Not to mention, connecting different systems means a simplified workplace. Goodbye to repetitive tasks, such as recording transactions and managing payables and receivables, leaving companies to enjoy more accurate reporting and control of assets.
Benefits of NetSuite Connector
If your company is currently experiencing unprecedented growth and in dire need of scalable options, then NetSuite Connector is a top contender.
Mainly because it allows you to extend your reach beyond one platform. An ERP is an excellent data source and accounting solution as your central communication hub. That being said, NetSuite is a cloud ERP designed to be customizable to your needs, whether now or in the future.
Connecting systems means easily managing data in different applications. You can add, update, remove data and see it effortlessly update across systems. No more manual tasks or error-prone reports.
Organizations that rely on inventory management can enjoy simplified inventory tracking in multiple locations, thanks to NetSuite and the different integrations used.
A very important feature is financial management. It can be tiresome, time-consuming, and overwhelming to manage numbers from different sources and then use manual data entry to input each item.
Integrations with different partners ensure automated processes and invoices, lease agreements, and transactions are accurately accounted for and sent to the right person.
How to integrate with NetSuite
Beneficial to all industries in need of a little boost, NetSuite offers pre-built integrations as well as a marketplace for third-party applications.
Depending on the software integration you intend to use, a number of ways to connect your application to NetSuite are available.
There are iPaaS (integration platform as a service) systems designed to connect systems. The direction you choose to go in will vary greatly depending on your budget, needs, and business goals.
Boomi and Celigo are two types of iPaaS companies that offer an integration between systems.
The different types of NetSuite integrations
When it comes to NetSuite, many different types of integrations are possible. As an ERP solution provider, the company knows the difficulties organizations face and has ensured that custom integrations are possible to solve professional challenges.
NetSuite modules
As most NetSuite users know, it’s an enterprise resource planning system that prides itself on providing features to tailor to each individual organization. Netsuite modules are added features that can be seamlessly incorporated into your instance to build on current capabilities.
NetSuite custom solutions
Generally, industry-specific, custom solutions are add-ons that can easily be integrated into your NetSuite instance. A quick integration project, these can include marketplace reconciliation for e-commerce websites with an omnichannel presence as well as container management to help keep track of shipping containers and inventory.
NetSuite partner add-ons
While NetSuite in itself is a powerful business management tool, many users choose to look to third-party partners to help augment their instance. LeaseQuery for NetSuite is an accounting software designed to track, optimize and automate lease contracts for all types of agreements from buildings to equipment.
For companies who have a lot of contracts to manage – for example, retailers with brick-and-mortar stores across the country – adding a lease accounting software is crucial to stay on top of expenses.
Implementing NetSuite Connector for your integrations is a game changer for companies who are looking to expand their operations. And for current LeaseQuery clients, it’s a great way to have core foundational software with enhancements for different aspects of your business.
