Tekiio | Oracle NetSuite ERPProduct Overview
- About Tekiio – Oracle NetSuite ERP
- Pros of Tekiio – Oracle NetSuite ERP
- Cons of Tekiio – Oracle NetSuite ERP
- Breakdown of core features
Tekiio – Oracle NetSuite ERP product overview
Tekiio is a solution provider for Oracle NetSuite ERP that helps clients achieve successful digital transformation through an expert implementation of the software. It is dedicated to implementing Oracle NetSuite ERP cloud solution strategies for their clients. Its services include consulting, localization, development, training, and support.
Tekiio uses the Oracle NetSuite SuiteSuccess implementation methodology to ensure that the NetSuite ERP is implemented between 60 and 100 days, based on preconfigured models, KPIs, regional location, and best business practices, with a lower implementation cost. Using a proven methodology and through a team of consultants specializing in business processes, Tekiio is responsible for providing the implementation that best meets the needs of the customer.
With Tekiio’s implementation, users can fully utilize NetSuite ERP’s features, such as ERP (Enterprise Resource Planning), CRM (Customer Relationship Management), eCommerce (Electronic Commerce), and BI (Business Intelligence). Organizations today demand financial management solutions that are flexible enough to accommodate dynamically changing business needs. NetSuite ERP enables organizations to manage IT costs, optimize accounting efficiency, streamline order management and procurement processes, eliminate manually-intensive spreadsheet-based reporting, and improve employee productivity.
Pros of Tekiio – Oracle NetSuite ERP
- Tekiio has been providing NetSuite ERP implementation for more than 30 years. They have a team of consultants that will be responsible for designing and implementing the best way to support business processes with the premise of seeking the most standard solution.
- Tekiio offers individual or group training in order for their clients to get the most out of NetSuite ERP’s functionalities.
- Tekiio provides functional and technical support. Their clients can contract the service on-demand or with fixed assignment in different modalities.
Cons of Tekiio – Oracle NetSuite ERP
- Tekiio only implements Oracle NetSuite products.
Breakdown of core features
Comprehensive accounting and finance
NetSuite ERP provides you with everything needed to establish efficient processes and gain transparency into business operations. In addition to standard general ledger functionality, flexible workflow tools to customize your processes and multi-currency support, NetSuite, provided by Tekiio, offers end-to-end visibility into your receivables and payables with integrated order-to cash and procure-to-pay transaction management, inventory fulfillment and costing from factory-to-store with supply chain management capabilities, and complete fixed asset lifecycle tracking and reporting from acquisition to depreciation to retirement.
NetSuite also provides support for project accounting and reporting on project financials and profitability, automatic revenue recognition in accordance with accounting standards using flexible scheduling and sophisticated allocations, and full-service payroll processing, including support for time tracking, incentive compensation, and expense reimbursement. It has integrated budgeting and forecasting tools to manage financial projections against actuals.
Financial close management
NetSuite ERP helps organizations streamline the close process with capabilities to manage period-end activities, and to detect and respond to problems before they escalate or occur. NetSuite optimizes the financial close by delivering period locking, period close checklist of tasks, and financial adjustments for intercompany transactions, foreign currency revaluation, and inventory.
Compliance and controls
NetSuite ERP helps ensure compliance with various accounting standards and practices, and government regulations efficiently. NetSuite enables accounting compliance by delivering a rule-driven engine to produce financial reporting in accordance with multiple accounting standards (e.g. GAAP, IFRS) using multi-book accounting capabilities. Country-specific, pre-built tax filing and reporting tools, along with customizable roles with permissions and audit trail visibility into transaction history, reports, and saved searches is also available to meet compliance standards.
Real-time reporting and analytics
Any business user can create meaningful reports with easy-to-use tools, monitor the latest results as part of everyday activities, identify root causes of problems and take corrective action. NetSuite delivers real-time information with personalized dashboards, pre-built accounting reports, an easy-to-use report builder, consolidated financial reporting, and access to information on the go with a mobile device.
(Last updated on 02/26/2021 by Liz Laurente-Ticong)