Transform Your Business with NetSuite
NetSuite provides petrochemical companies with a comprehensive ERP solution that can help them improve operational efficiency, compliance, and customer satisfaction while driving growth and profitability. However, it's essential for petrochemical companies to work with experienced implementation partners to tailor NetSuite to their specific needs and ensure successful deployment. However, successful implementation and customization of NetSuite require collaboration with experienced implementation partners who understand the unique needs and challenges of the Petrochemical industry.
OpenTeQ provides comprehensive support for the development and implementation of NetSuite for energy companies. Reach out to us today to learn how we can help you.
Cloud-based business solutions from NetSuite for Petrochemical companies
From fast-changing regulations to fluctuations in international markets, oil and gas businesses need software that is flexible, efficient, and amenable to an ever-changing landscape. NetSuite for Oil and Gas is a unified suite of cloud-based applications to support all of your business needs with modules pre-configured to your industry. It combines an enterprise resource planning (ERP) system, with customer relationship management (CRM), project management, analytics and reporting, and more.
As an Oracle NetSuite Partner OpenTeQ business application experts are recognized as leading specialists in implementing rapid cloud solutions across industries. Our NetSuite clients benefit from our OpenTeQ methodology delivering software on time, as promised.
Connected ERP, CRM, and more
From back-office financials and field service to tax and environmental regulations, NetSuite is a fully unified business management platform built in the cloud for fast-growing energy companies.
Built-in reporting, KPIs, and unified insights
Leverage out-of-the-box roles and dashboards which allow every user in your company to monitor the aspects of business most relevant to them. With real-time visibility, you can better manage asset performance and track data trends in utilization and service issues.
Rapid implementation using industry best practices
Reduce time and money spent on configurations and custom development with NetSuite for oil and gas from Rand Group, a pre-configured solution that leverages industry knowledge and settings tailored to your organization.
NetSuite Features that Support Petrochemical
NetSuite can be a valuable tool for Petrochemical companies, providing them with the necessary capabilities to manage their complex business processes efficiently. Here's how NetSuite can benefit Petrochemical companies:
Financial Management
NetSuite offers robust financial management capabilities, including general ledger, accounts payable, accounts receivable, and fixed assets management. Petrochemical companies can track and manage their financial operations efficiently.
Supply Chain Management
NetSuite provides supply chain management features such as inventory management, procurement, and order management. Petrochemical companies can optimize their supply chain processes, ensuring smooth operations from procurement of raw materials to delivery of finished products.
Production Management
NetSuite allows petrochemical companies to manage their production processes effectively. It enables them to plan and schedule production, monitor work orders, track production costs, and ensure quality control.
Regulatory Compliance
Petrochemical companies need to comply with various industry regulations and standards. NetSuite helps in managing compliance requirements by providing tools for regulatory reporting, auditing, and documentation.
Customer Relationship Management (CRM)
NetSuite's CRM module enables petrochemical companies to manage customer relationships, sales, and marketing activities. It helps them to understand customer needs, improve customer satisfaction, and drive sales growth.
Analytics and Reporting
NetSuite offers robust analytics and reporting capabilities, allowing petrochemical companies to gain insights into their operations, performance, and profitability. They can generate custom reports, dashboards, and key performance indicators (KPIs) to make informed decisions.
Scalability and Flexibility
NetSuite is highly scalable and can adapt to the changing needs of petrochemical companies as they grow and evolve. It offers flexibility to customize workflows, processes, and modules to fit specific business requirements.
Cloud-Based Deployment
Being a cloud-based ERP solution, NetSuite offers the advantage of accessibility from anywhere with an internet connection. Petrochemical companies can access real-time data, collaborate across locations, and streamline operations more efficiently.
Benefits of Petrochemical companies after implementing
NetSuite
- Streamlined Operations and Cost Reduction: NetSuite enables Petrochemical companies to streamline their operations, eliminating inefficiencies and reducing costs. By automating various processes and providing real-time insights, organizations can optimize their resource utilization and operational efficiency.
- Improved Visibility into Every Aspect: Visibility into critical aspects of the business is crucial in the Petrochemical industry. NetSuite offers comprehensive visibility, from financials and inventory to supply chain and projects. This transparency empowers decision-makers with the data needed to make informed choices.
- Real-time Insights for Informed Decisions: In a dynamic industry like Petrochemical, real-time insights are invaluable. NetSuite provides the tools and analytics necessary for making data-driven decisions promptly. This capability is particularly beneficial for monitoring project status and resource allocation.
- Accelerated Growth and Global Scaling: Petrochemical companies can expand their operations globally with confidence using NetSuite. The cloud-based platform allows for scalability and access to data from anywhere, ensuring that businesses can grow while maintaining control and compliance.
OpenTeQ NetSuite Modules For Petro-Chemical
Core Netsuite Modules
Financials First
Subsidiaries
WD
Inventory Management
CRM
Core Netsuite Features
Reporting(Std & Cust)
Subsidiaries
Inventory
Chart of Accounts
Fixed Assets
Analytics
OpenTeQ Modules for Petro-Chemical
PO Approval Process
Bulk Upload
Expiry Date Management
Commerce Codes and Country of Origin Utilities
Revision Management
Field Services
Bartender Interface
Advanced NetSuite QMS
Native Netsuite B2B Portal
Document Management
AP/ AR Automation
Vendor Onboarding
Employee Onboarding
OCR AI
3rd Party Technology Partners
- Payment
- Payout Orchestration
Payout Orchestration (POS Terminal Transaction Information)
Payout Orchestration (Suppliers, Vendors, Contractors, AP, etc)
- iPaaS/Connector
- AI Agnostic
- AP / AR