Why NetSuite for the
Hospitality Industry?
We've recently received several queries about implementing and integrating NetSuite for hospitality. And understandably so — the continual change in consumer preferences and increase in labor costs have made it necessary for the industry to embrace technology.
NetSuite offers a lightweight software solution for restaurants, franchisors, and other stakeholders in the hospitality industry, enabling them to reduce costs and drive revenue. It provides a central, scalable foundation for connecting multiple data sources and managing business finances, supply chain, marketing, CRM, accounting, and inventory more effectively. The best part is that the ERP is entirely cloud-based, enabling users to access it from anywhere, anytime.
In this article, Seller Universal eCommerce Group gives you an overview of NetSuite for hospitality. We are an acclaimed e-commerce solutions provider, serving tens of clients from diverse industries.
Read on to understand why NetSuite is ideal for the hospitality industry, its main features, and how you can benefit from the ERP.
NetSuite Features that Support Hospitality
NetSuite can be a valuable tool for Hospitality companies, providing them with the necessary capabilities to manage their complex business processes efficiently. Here's how NetSuite can benefit Hospitality companies:
Financials and Accounting
Increase productivity of employees, close books more efficiently and exploit reliable reporting tools that provide real-time insight into financial performance.
Inventory Management
Eliminate channel stock silos and achieve the optimal product range. Avoid stock-outs, free cash flow and deliver commitments across all platforms with a single instance of inventory information.
Order Management
Accelerate the order-to-cash process, reduce the cost of holding inventory and allow omnichannel operations by linking sales, financing and order fulfillment to pricing, sales order management and return management.
Supply Chain Management
Improve efficiencies, streamline processes and provide a better understanding of the value of the bottom line while maintaining the right product balance across the company.
CRM and Marketing
Monitor success of promotions, monitor reward rewards of sales and obtain a real-time view of customer interactions across all business channels.
Point of Sale
Provide the sales associates with a 360-degree omnichannel view of stock and customer information to more efficiently engage buyers, generate more purchases, fulfill orders, and provide an excellent shopping experience.
Ecommerce
Scale operations and support from a single trading platform your international wholesale, retail and multi-brand sector.
B2B and B2C
NetSuite’s omnichannel software has you covered, whether you sell direct-to-consumer, to distributors or both.