NetSuite for Retail Companies-min

      NetSuite for Retail


      Elevate your retail business with NetSuite and GSI, Inc. NetSuite ERP offers real-time insights and streamlined operations tailored for the retail sector. Partnering with GSI, Inc. to implement NetSuite for your retail company ensures you leverage NetSuite’s full potential to optimize your business, enhance customer experiences, and stay ahead in a competitive market. Discover the key to retail success with our expert solutions.

      SD RETAILERS

      The SD team needed a consultant that “knew what they were doing,” namely, a provider that had executed multiple implementations with other teams in the industry. In addition to a strong demo, GSI's past achievements with other FBA sellers were instrumental in their decision to invest. “Basically, by talking to your team, we felt comfortable going with GSI.” 

       Gerardo Mejia, Operations Manager

      HOURGLASS COSMETICS 

      “GSI was the only partner that said they could handle our complex accounting and contextual business reporting needs, including incorporating our parent company’s chart of accounts. They delivered on all fronts.” 
       
      Josh Rosenzweig, CFO/COO

      SUPER73

      “GSI understood our unique challenges, and based on that, they came up with a solution that was far more comprehensive and detailed than their competitors.”  

      Sowmik Sengupta, Director of ERP

      COPPER CANE WINES & PROVISIONS

      Reflecting on Copper Cane’s successful NetSuite implementation, Ochoa said he can’t overstress the importance of GSI’s role in that positive outcome. “GSI really did knock it out of the park." 

      Art Ochoa, Director of IT

      Retail Industry Improvements After Implementing NetSuite

       

      Why Use NetSuite for Retail Companies? 

      In the fast-paced and ever-evolving retail industry, having a robust and adaptable ERP system is crucial for staying competitive. NetSuite stands out as the best ERP solution for retail companies, offering a comprehensive suite of features designed to streamline operations, enhance customer experiences, and support business growth. Here’s why NetSuite is the top choice for retailers:

      Omnichannel Capabilities

      NetSuite’s omnichannel capabilities provide a seamless customer experience across all sales channels. This ensures real-time inventory visibility and centralizes order management, allowing retailers to offer a consistent and flexible shopping experience. By integrating data from various channels, NetSuite enhances decision-making, increases sales opportunities through personalized marketing, and improves customer satisfaction. These capabilities help streamline operations, boost sales, and maintain optimal inventory levels, keeping your business competitive in the dynamic retail market.

      Scalability and Flexibility

      NetSuite’s scalability and flexibility are key benefits for retail companies. As your business grows, NetSuite can easily scale to meet your needs, offering customizable modules and cloud-based efficiency. This adaptability ensures that your ERP system can grow with your business, support specific requirements, and enhance collaboration across multiple locations. Additionally, NetSuite’s cost-effective subscription model saves time and money on IT management, while its agility allows your business to quickly respond to market changes and new opportunities.

      Comprehensive Integration

                

      NetSuite’s comprehensive integration capabilities significantly enhance operational efficiency by providing real-time data access & improving data quality across your systems. By integrating various applications, NetSuite streamlines workflows, reduces redundant processes, & ensures consistent data across all areas. This supports scalability, allowing your business to grow without managing disparate systems. It automates many manual tasks, such as invoicing & customer support, freeing up time to focus on more strategic activities. NetSuite’s integration capabilities create a unified & coordinated application environment, leading to better decision-making & improved customer service.

      Real-Time Data and Analytics

      NetSuite’s real-time data and analytics capabilities provide instant access to up-to-date information, enabling timely and accurate decision-making. With real-time visibility into performance across all business functions, you can improve communication among decision-makers and enhance overall efficiency. The embedded analytics and customizable dashboards allow you to track key performance indicators (KPIs) and generate actionable insights, helping you identify trends and opportunities quickly. This reduces reliance on IT staff and empowers your team to make data-driven decisions, ultimately leading to improved productivity and better business outcomes.

      Inventory and Order Management

      NetSuite’s Inventory and Order Management capabilities optimize inventory levels, enhance order fulfillment efficiency, and provide comprehensive visibility across all locations. This ensures accurate inventory control, reduces stockouts and overstocking, and automates order processing for quicker, more accurate fulfillment. With demand-based planning and real-time visibility, you can make informed decisions and streamline replenishment processes. Additionally, seamless integration with other business processes enhances overall operational efficiency, leading to reduced costs and improved customer satisfaction.

      Customer Relationship Management (CRM)

       
      NetSuite’s CRM provides a unified view of customer interactions, enhancing sales performance and improving customer satisfaction. It offers a 360-degree view of customer data, streamlines sales processes with automation and forecasting, and manages marketing campaigns effectively. Additionally, it enhances customer service with real-time access to records and increases productivity by automating routine tasks, allowing your team to focus on strategic activities. Overall, NetSuite’s CRM helps build stronger customer relationships, streamline operations, and drive sales growth.

      Financial Management

      NetSuite’s Financial Management streamlines financial operations, enhances data accuracy, & provides real-time visibility. It accelerates daily transactions, reduces budgeting & forecasting cycle times, & ensures compliance with accounting standards. With features like automated core finance processes, detailed insights into business performance, and role-based dashboards, NetSuite helps improve financial control & decision-making. It integrates seamlessly with other business applications, such as order management & CRM, creating a unified system that enhances operational efficiency. 

      Global Business Management

      NetSuite’s Global Business Management capabilities enable the management of multiple subsidiaries and business units from a single platform, supporting over 190 currencies and 27 languages. It standardizes processes, improves reporting with real-time financial consolidation, simplifies administration, ensures compliance with global standards, and enhances operational efficiency. This comprehensive approach streamlines operations, reduces costs, and provides real-time visibility into performance across all geographies.

      Challenges Facing Retail Companies and How GSI Can Help

      Challenge: Inventory Management

      Struggle with managing inventory levels, leading to either stockouts or overstock situations, which can impact sales and profitability.

      Solution

      NetSuite provides real-time inventory tracking and management. Its advanced inventory tools enable retailers to monitor stock levels, manage replenishments, and optimize inventory across multiple locations. Automated alerts and reporting help prevent stockouts and reduce excess inventory.

      Challenge: Supply Chain Management

      Managing a complex supply chain, including procurement, logistics, and supplier relationships, can be cumbersome and prone to inefficiencies.

      Solution

      NetSuite’s supply chain management features streamline procurement processes, track supplier performance, and manage logistics efficiently. This helps retailers ensure timely product delivery and optimize their supply chain operations.

      Challenge: Order Fulfillment

      Efficiently processing and fulfilling orders can be challenging, particularly when dealing with high volumes and multiple sales channels.

      Solution

      NetSuite’s order management system automates and streamlines order processing from entry to fulfillment. This automation reduces manual errors, improves accuracy, and enhances overall operational efficiency.

      Challenge: Limited eCommerce Options

      Many retailers struggle with disconnected systems for eCommerce and back-end operations, leading to inefficiencies and data inconsistencies.

      Solution

      Embedded e-commerce capabilities and integrated fulfillment processes enable businesses to capture and fulfill orders in real time for rapid expansion and higher customer satisfaction

      Challenge: Multi-Currency & Multi-Language Support

      SuiteCommerce supports multi-currency and multi-language functionalities, enabling retailers to reach a global audience. This support ensures that customers have a localized shopping experience, which can drive international sales.

      Solution

      One ERP system to unify accounting, inventory management, order management, and eCommerce

      Challenge: Multi-Channel Support

      Delivering a consistent and seamless shopping experience across various channels (web, mobile, in-store) can be difficult.

      Solution

      SuiteCommerce enables an omnichannel approach by providing a single platform that supports multiple sales channels. It allows retailers to offer a cohesive customer experience, with synchronized product information, pricing, and promotions across all channels.

      Challenge: Disparate Software

      Disparate software that does not communicate. 

      Solution

      One ERP system to unify accounting, inventory management, order management, and eCommerce

      The #1 NetSuite ERP Solution Provider for Retail Companies

      Today's consumers are growing increasingly more demanding. They want to shop whenever, wherever, and through any channel that is convenient - without sacrificing quality or price. Our retail companies running on NetSuite have an established, effective, and automated omnichannel strategy that delivers substantial and tangible results for their organization. 

      Focus more on customer service and business strategy and less on operating manual processes, managing disparate systems, and updating spreadsheets by switching to NetSuite. GSI will help you get the most functionality from your NetSuite investment and tailor it to your needs. By tying your warehouse management and inventory controls to accounting, payroll, procurement, e-commerce, and other critical areas of the business, you’ll see in real time how your business is performing.

      GSI is the #1 NetSuite Solution Provider for retail companies in the United States. GSI consultants have, on average 12+ years of experience in NetSuite and ERP for retail. We challenge our clients with a real-world understanding of how software changes in NetSuite will affect your overall business.

       

      Ask NetSuite Experts a Question

      Working with GSI NetSuite Experts

      The GSI NetSuite team consists of former CFOs, CEOs, supply chain experts, accountants -- people with real business experience. 

      Most of our consultants are also accountants. We take an accounting-first approach to every implementation, where we see many other firms starting with customizations or "changing" NetSuite. 
      We challenge our clients with a real-world understanding of how business process changes within the software will affect the overall business. 

      We have a senior-level, 100% US based implementation team. Our consultants average 10+ years of experience in the NetSuite ecosystem.

      In addition to new implementations, we offer other services, including:

      NetSuite License Resale to get you the best deal on your NetSuite licenses and renewals. 
      NetSuite SuiteCare Support - our #1 rated NetSuite support offering  staffed with dedicated resources that perform a business-first discovery of your organization in efforts to become familiar with your account and make better informed consulting recommendations.
      NetSuite SuiteAlign Project Rescue - for NetSuite implementations gone wrong that need to get back on track ASAP. 

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      Our mission is to make every customer a client by offering competitively-priced, full-customizable products and services, providing only the most experienced consultants, and delivering the highest level of service day-after-day, year-after-year.