Posted by Kim Odom, Director of Industry Marketing, Software, NetSuite
Every year, Deloitte honors the fastest growing North American companies in the technology, media, telecommunications, life sciences and energy tech sectors through the Technology Fast 500. The winners are selected based on percentage of fiscal year revenue growth over a three year period. Although all of these companies are completely different, they are tied together by a few commonalities. They are all innovating in their specific industries. They are all growing incredibly fast. They are all planning for continued future growth. They are all changing the way companies conduct their business
For these fast growing companies, the systems established to run the business, including enterprise resource planning (ERP), can be critical to their continued future success. Some of the key features these companies need include:
Global business management: features like global financial consolidation, multicurrency, multi-language, and tax compliance are critical for expansion into new markets.
Customization: the ability to develop and deploy industry specific features and functionality are critical to future success, as every business has unique requirements.
Integration: easy integrations between software solutions is critical in establishing a unified view of business operations.
Robust customer relationship management (CRM) capabilities: CRM can help to better cultivate and manage profitable relationships with customers and partners.
The need for a system that provides these functionalities cannot be underestimated. These companies will continue to grow, but without the right business management software systems in place, that growth could be hindered, delayed, or even lost to a competitor. Now that we have your attention on the importance of your business systems, here are a few questions to consider when evaluating an ERP solutions.
- Does the ERP solution provide the global capabilities we need for expansion?
- Is it built on a flexible platform that enables customization and integration?
- Does it offer complimentary solutions for industry specific functionality?
- Are companies like mine running their business processes on this ERP?
The good news is, that one-third of the 2015 Deloitte Fast 500 winners in Silicon Valley, New England and the Tri-State Area, including companies like Box, TubeMogul, and Adaptive Insights, have already put themselves in a position to manage their continued global growth by adopting the #1 Cloud ERP, NetSuite.
If you are a Deloitte Fast 500 winner not using NetSuite, watch this live demo to learn more about how NetSuite can help you continue to drive growth.