4 Ways Succession Planning Differs in Family Businesses Learn more
Family-owned businesses are the lifeblood of the economy. However, these businesses face challenges with managing accounts and inventory in spreadsheets, creating invoices with Word documents and hosting websites on entry-level Internet hosting services. The result is a lack of control, processes that are manual or managed across disparate systems, little or no visibility into operations, ad hoc reporting and an inability to meet customer demand. Family businesses need to make decisions based on solid data. They don’t have time to struggle with invoices, reconciliations, missing orders and spreadsheets and win business from larger competitors.
Business management software provides family-owned businesses with a way to grow, thrive and adapt. It is critical to ensure good decision making and effective management over invoicing, billing, collections, accounting, customer service, inventory, complex data and multiple locations.
NetSuite’s modern, cloud-based integrated business management software enables companies to break through the shackles of entry-level software systems and manual processes that stifle growth without huge upfront costs or IT resources. It scales effortlessly and has delivered proven results for almost two decades allowing family-owned and operated business to grow and thrive for generations, now and future.
A modern, agile business solution that is cost-effective, scales rapidly and always current
Standardize on a single business solution for all your different department needs
An engagement methodology designed with leading practices to get you up and running in weeks
A single version of the truth with all your data residing in a single source
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In a study by SL Associates, NetSuite customers reported stunning improvements in key performance metrics after switching to NetSuite’s cloud-based software solution.