IDC MarketScape Names NetSuite a Leader in SaaS and Cloud-enabled Midmarket ERP Applications
In its 2017 assessment profiling 14 ERP vendors, IDC MarketScape named NetSuite a worldwide leader in SaaS and Cloud-Enabled Midmarket ERP applications .
As the IDC report notes, SaaS and cloud-enabled midmarket ERP suites are evolving at a warp speed with functionality improvements occurring as often as daily. Therefore, it is crucial that companies invest in technologies that they can trust to keep up with the speed, and take them well into the future. The more businesses look to improve their productivity, efficiency, market share, revenue, and profitability, the more SaaS and cloud-enabled ERP software such as NetSuite will be the go-to solution for its scalability, flexibility, and accessibility.
This IDC report details the strengths and challenges of NetSuite and why small and midmarket organizations should consider NetSuite, noting its cost effectiveness and scalability. But there are other reasons why NetSuite is a top choice for small and midmarket businesses. One of the advantage of NetSuite as pointed out by the IDC report is that it is a complete solution which includes financial modules, order management, supply chain management, demand planning, procurement, inventory management, human resource management, CRM, and eCommerce – – allowing midmarket organizations to use one solution provider to complete their needs.
As noted in the report here are some of the other benefits NetSuite brings to the table:
- ERP modules run on a single database and single code base, providing quicker access to data relative to other solutions and easier and relatively seamless updates. A functionality that few other vendors in the ERP market are currently providing in the cloud.
- SuiteCloud Platform enables customers and partners to create extensions and integrations so the end user has additional control over the final shape of the ERP system.
- NetSuite has several localizations and global capabilities, supporting 20 UI languages, over 190 currencies, and tax calculations and reporting in 100 countries.
Servicing over 40,000 organizations and subsidiaries across various industries in over 100 countries, it is no surprise that NetSuite is named a leader in Mid-Market SaaS and Cloud-Enabled ERP Software.